Tag Archives: earnings

Disney revealed impressive Q4 results, with theme park revenue continuing to rise and profits exceeding estimates. But there was cause for concern regarding a drop in ad revenue, mostly from Disney’s ABC Network and other owned TV stations. With an additional $2 billion in cost-cutting measures, the company intends to …

Uber has officially reported positive earnings to qualify the ride-sharing company to join the S&P 500. The company’s Q3 results missed analysts’ expectations, with revenue up 11% year over year to $9.29 billion.CEO Dara Khosrowshahi said Uber’s third quarter was “very strong” and saw accelerations in gross bookings, trips, and …

Despite difficulties brought on by the political election season and dwindling cable subscriptions, Fox reported modest results for the first quarter of its fiscal year. The company’s success with Tubi, its free streaming service, and its strong pricing strategy offset the challenges. The year-over-year increase in total revenue was less …

After a very busy week, several economic data releases are expected to weigh on the performance of multiple assets and most prominently, the US Dollar Index with the beginning of the new trading week.Oil’s PerformanceWTI crude dropped to $80.70, a decrease of more than 2%. Soft labour market data was …

With iPhone revenue up year over year, Apple reports record earnings quarter, on Thursday, even with just a week or so of iPhone 15 sales factored into the numbers. However, all of the company’s other hardware divisions were down, and overall sales were down for the fourth consecutive quarter. The …

Shopify, a Canadian e-commerce company, reported strong Q3 results that beat expectations and provided upbeat guidance for the remainder of the year. The company’s earnings per share were 24 cents adjusted compared to 14 cents expected, and revenue was $1.71 billion compared to $1.67 billion expected. Shopify expects 2023 revenue …

The S&P 500 largely maintained its gains on Wednesday, despite choppy trading as Federal Reserve Chair Jerome Powell kicked off his press conference. The US central bank had, as anticipated, kept interest rates unchanged while praising the strength of the economy.In a policy statement that acknowledged the unexpected strength of …

In the third quarter of 2023, McDonald’s, the renowned fast food company, outperformed market expectations, attaining remarkable growth in its international sales. The company’s profits surged to $3.19 per share, surpassing the anticipated $3.00 per share. Furthermore, its revenues climbed to $6.69 billion, outshining the projected $6.58 billion. McDonald’s experienced …

In the third quarter of this year, ExxonMobil experienced a decline in profits compared to the same period last year, as stated in the earnings report released on Monday. However, the company saw a noteworthy 15% increase in net income in the last September quarter, a boost attributed to the …

With company earnings, economic data, and the Federal Reserve’s two-day monetary policy meeting this week, Wall Street rebounded on Monday.The S&P 500 gained 1.2%, the Nasdaq gained almost the same amount, and the Dow increased by almost 1.6%. Microsoft and Amazon outperformed the market as a whole, and Megacap stocks …