Tag Archives: earnings

Britain’s largest competition regulator has moved to block Microsoft’s acquisition of video game publisher Activision Blizzard, in a painful blow to the US tech giant. Microsoft announced its intention to acquire Activision Blizzard in January 2022 for $69 billion, in one of the largest deals the video game sector has …

After price increases enabled the American food and beverage business to offset an increase in input costs and report better-than-expected first-quarter results, PepsiCo Inc. increased its annual profit guidance. The firm that owns brands including Pepsi carbonated beverages and Frito-Lay potato chips announced that it has raised its previous expectation …

Due to persistent consumer demand and price hikes that helped offset higher costs, McDonald’s Corporation reported first-quarter earnings and sales that were higher than anticipated. The Big Mac manufacturer credited the international burger chain’s 12.6% increase in comparable sales for the three months that ended on March 31 to higher …

The US dollar declined more during a lacklustre US session as Wall Street indexes rose. The S&P 500 increased 0.09%, the Nasdaq declined 0.29%, and the Dow Jones increased by 0.20%. The 10-year bond rate dipped to 3.50%, but the 2-year yield rose to 4.12%. The debt-ceiling turmoil, upcoming important …

While investors awaited reports from Megacap businesses and important economic data this week, the Nasdaq led Wall Street losses on Monday as Tesla shares were pressured due to the company’s intentions to increase spending.Tesla Inc. fell 3.4% as a result of the automaker increasing its projected capital expenditures for 2023 …

Wall Street moved in an erratic manner, ending the trading week with minor losses. The major indices retreated from their monthly highs. The mid-May rally has encountered resistance. The stock market appeared to be heading nowhere on Friday due to a lack of conviction, a week’s worth of company financial …

Shares in electric vehicle maker, Tesla, dropped 4% after the company reported Q1 earnings after the bell. Here are the results. Earnings per share are 85 cents adjusted versus 85 cents expected, according to the average analyst estimates. Tesla’s revenues were $23.33 billion as opposed to the $23.21 billion anticipated. …

Johnson & Johnson delivered stronger-than-expected Q1 earnings that prompted the healthcare giant to boost its full-year guidance. JNJ reported a Q1 EPS of $2.68 on revenue of $24.7 billion to top the average analyst estimate for EPS of $2.50 on revenue of $23.61B. Sales rose 5.6% year-over-year with pharma revenue …

U.S. stock futures were largely steady on Monday as traders re-entered the market after the Easter weekend and faced a slew of important economic reports that might influence the direction of Federal Reserve monetary policy going forward. At 11:00 GMT, the Nasdaq 100 futures were down 16 points or 0.13%, …

Investors are more confident now than they were before the banking crisis in March that the Fed will lower interest rates in the second half to prevent a recession. Bond yields have decreased as a result of such bets, boosting the massive growth and technology stocks that control broad market …