Tag Archives: earnings

Robinhood will reduce its headcount by approximately 23%. The American financial services company, headquartered in California, also dropped its earnings report for the second quarter, which showed a decline in monthly active users and assets under custody. Robinhood CEO Vlad Tenev said, on Tuesday, “deterioration of the macro environment, with …

Starbucks on Tuesday reported better-than-expected quarterly earnings and revenue, despite lockdowns in China weighing on its performance.Shares of Starbucks have fallen 27% this year, dragging its market value down to $98.37 billion. The coffee giant suspended its fiscal 2022 outlook last quarter, citing the uncertainty caused by Covid lockdowns in …

Check Point Software on Monday reported second-quarter earnings that beat analyst expectations and revenue that beat expectations. Check Point Software reported earnings per share of $1.64 on revenue of $571.1 million. Check Point Software shares are up 6% from the start of the year, still down 16.72% from a 52-week …

US stocks fell Monday in a choppy start to August trading as Wall Street struggled to sustain July’s momentum. The S&P 500 and Dow Jones Industrial Average each fell roughly 0.3%, while the Nasdaq Composite held near breakeven.Investors digest data released early in the session that showed manufacturing activity expanded …

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 …