U. S. shares opened higher, Wednesday, but turned negative. As third-quarter earnings reports start flowing in today, investors will be keeping a sharp eye on growth. Returns will slow because of elevated inflation and supply chain disruptions in addition to rising costs.Despite the current bottlenecks and inflation pressures, Fed is …
Read More »McDonald’s Reports Adjusted Earnings Per Share of $2.37
McDonald’s, the fast-food company, reported adjusted earnings per share of $2.37, missing a forecast of $2.11 by Refinitiv in its fiscal third quarter. On Wednesday, July 28, the company added adjusted revenue of $5.89 billion, versus the $5.6 billion forecasts. The fast-food giant reported that its second-quarter net income was …
Read More »ASML Holdings Profit Beats Expectations, Q2 Revenue Falls Short of Expectations
ESML Holding’s report released Wednesday for second-quarter earnings said it beat analysts’ expectations. However, the company recorded revenue less than expected. Earnings per share were €2.52 while revenue was €4.02B. ESML Holdings shares gained 3.12% to trade at €599.00 intra-day, according to the report. ASML Holdings shares traded 0% lower …
Read More »Coca-Cola’s Earnings and Revenue Beat Expectations in Q2
The Coca-Cola Company’s second-quarter earnings report released on Wednesday indicated that it beat analysts’ expectations; the company posted revenue that also beat expectations. Earnings per share were $0.68, while revenue was $10.1B. During the year, Coca-Cola shares traded 1% higher, underperforming the Dow Jones Industrial Average, which is up 12.76% …
Read More »US: Real Average Hourly Earnings Decline by 0.4% in July
Real average hourly earnings in the US decreased by 0.4% on a monthly basis in July. US Dollar Index dropped below 93.50 after this report.Real average hourly earnings for all employees in the US declined by 0.4% from June to July (seasonally adjusted), the US Bureau of Labor Statistics reported …
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