Tag Archives: earnings

The U.S. economy grew at a steady annualized rate of 2.8% in the third quarter, according to the Commerce Department’s second estimate released on Wednesday. The figure remains unchanged from the initial estimate, reflecting solid consumer spending and a favorable contribution from business investment. Key Highlights GDP Growth: The third-quarter …

The Dow Jones Industrial Average (DJIA) commenced the week on a cautious note, hovering near the 43,000 mark. Investor sentiment remains subdued as market participants eagerly await two key events: Nvidia’s highly anticipated earnings report and the release of crucial economic indicators. Nvidia Takes Center StageChipmaker Nvidia is poised to …

U.S. stock index futures experienced slight declines on Wednesday morning as the market rally following the election took a pause, with investors shifting their attention to the upcoming U.S. inflation data. As of 05:45 ET (10:45 GMT), Dow Jones Futures were down 55 points, or 0.1%, S&P 500 Futures slipped …

Novo Nordisk, a major pharmaceutical company, reported mixed results for the third quarter of 2024. While its blockbuster weight-loss drug, Wegovy, exceeded expectations with an 81% year-over-year sales increase, the company’s overall performance was tempered by challenges.Despite a 24% increase in overall sales for the first nine months of the …

Amazon.com Inc (NASDAQ) reported third-quarter results that exceeded analyst expectations, propelling its stock up by 5.7% in after-hours trading despite issuing slightly lower-than-anticipated guidance for the upcoming quarter. The company posted an adjusted earnings per share (EPS) of $1.43, surpassing the analyst consensus of $1.14 by $0.29. Quarterly revenue reached …

Meta Platforms (META) delivered a strong third-quarter performance, surpassing analyst expectations and fueled by the increasing adoption of artificial intelligence (AI). The company’s revenue surged to $40.59 billion, driven by a robust 18.6% increase in advertising revenue. This growth can be attributed to the successful integration of AI into Meta’s …

PayPal Holdings Inc., a leading digital payments company, recently released its Q3 earnings report, offering a mixed bag of results. While the company exceeded expectations on earnings per share, revenue fell short of analyst estimates.PayPal’s Q3 earnings report provides a mixed picture. The company has made strides in improving profitability, …

Coca-Cola exceeded expectations in its third-quarter earnings report, yet the company’s stock dropped by over 2% in early trading. The beverage giant reported adjusted earnings per share of $0.77, slightly surpassing analysts’ forecast of $0.75. Revenue also beat expectations, reaching $11.9 billion compared to the anticipated $11.63 billion. Coca-Cola’s organic …

Dow Jones Industrial Average (DJIA) cautiously tested higher ground on Tuesday, following a slight pullback at the start of the week. Despite concerns about overbought conditions and rising interest rates, the index managed to maintain a positive trajectory.Key factors influencing the market include:Earnings Season: Strong earnings reports from companies like …

Dow Jones Industrial Average (DJIA) experienced a setback on Monday, declining by 330 points (0.8%) as equity markets retreated from recent record highs.The decline was primarily attributed to a pause in bullish momentum, with the Dow Jones bearing the brunt of the sell-off. Investors grappled with conflicting factors: the anticipation …