Tag Archives: earnings

The stock market was slipping Thursday following its recent Fed-inspired surge after news headlines said that the US economy shrank for two successive quarter as any two consecutive quarters of declines in growth traditionally constitute a recessionThe Dow Jones Industrial Average was down 121.60 points, or 0.38%, at 32,075.99, the …

Facebook owner Meta Platforms is to report quarterly results that provides a clearer idea about advertising spending, the core source of revenue for all social media companies. The Meta earnings report will be released later on Wednesday.The lack of clarity on ad spending is a reason why Meta stock and …

Microsoft shares fell 1% in extended trading on Tuesday after the software maker reported fiscal fourth-quarter results that failed to reach Wall Street consensus.Microsoft’s revenue and income fell short, as did the company’s revenue from Azure and other cloud services. Changing exchange rates and challenges in advertising and the PC …

McDonald’s reported on Tuesday second-quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations. McDonald’s announced earnings per share of $2.55 on revenue of $5.72B. McDonald’s shares are up 5% from the beginning of the year, still down 7.66% from its 52-week high of $271.15 set on …

Shares of Whirlpool rose 2% after the home appliance company beat on profit estimates in its second quarter. Whirlpool reported earnings of $5.97 per share, beating consensus estimates of $5.24 per share.The company’s net loss margin of (7.3)% and GAAP loss per diluted share of $(6.62) was a result of …

The S&P 500 seesawed on Monday and ended close to unchanged as investors girded for an expected rate hike at Fed’s meeting, this week and earnings from several large-cap growth companies.The Nasdaq ended lower, and S&P 500 technology and consumer discretionary led declines among major S&P sectors. The energy sector …

WTI crude oil snaps three successive days of losses and rises despite US data showing the US economy is slowing down.A US recession-linked concerns and subsequent China’s Covid-19 lockdowns do sharply weigh on WTI price direction. WTI crude rose 1.40% on Monday as US equities gain, portraying an upbeat market …

The Bank of Japan raised its inflation forecast but kept interest rates unchanged at -0.1% and warned of risks to the economy, cementing its position as an outsider in the global central bank’s tightening wave. The decision came hours before the European Central Bank, which will consider a larger-than-expected 50 …

United Airlines on Wednesday edged higher the expected profit milestone in its pandemic recovery. The company announced that there will be scaling back of corporate growth plans through 2023.Strong demand has been reported as well as high costs for fuel and other operation expenses. United reported its first quarterly profit; …

Johnson & Johnson topped Q2 earnings expectations on Tuesday, but the company stock toppled on its trimmed profit outlook. On today’s stock market, JNJ stock rose fell 1.5% to 171.69, according to observers this could be attributed to the overall strength of the US dollar during Q2. The best performance …