Shell’s third-quarter earnings rose on higher refining margins, oil prices and gas and oil sales, while it launched a $3.5 billion share buyback program. The energy giant on Thursday reported adjusted earnings of $6.22 billion for the quarter, up from $5.07 billion in the preceding quarter, but a slight miss to market expectations of $6.25 … Read more
Apple reports financial results for the September quarter after the close of trading on Thursday, and all eyes will be on the progress of the company’s recently launched iPhone 15 smartphones. What the Street most wants from Apple is a reason for optimism that it can meaningfully break out of its recent malaise. Analysts expect … Read more
Airbnb posted better-than-expected third-quarter financial results, but provided fourth-quarter guidance that fell a little below Street estimates. The results provide an early look at the state of the travel industry, ahead of coming reports from Expedia, Booking.com and other players. The short-term real-estate rental company’s stock is trading 3.4% lower in late trading Wednesday to … Read more
Stock futures are near flat Wednesday night as investors shifted focus from the Federal Reserve’s policy decision to the latest batch of corporate earnings reports.and the subsequent press conference with Jerome Powell, the central bank’s chair. Powell said he would not rule out a rate increase at the December meeting, leaving market participants unsure of … Read more
Roku shares jumped in late Wednesday trading, after the streaming-media company reported higher-than-expected revenue and a larger-than-forecast net increase in active accounts. Its active accounts of 75.8 million were up 2.3 million from the second quarter. Analysts were expecting 75.3 million. The company said in a shareholder letter it had a “solid rebound” in video … Read more
When Novo Nordisk reports earnings on Thursday, investors will be focused on sales of its blockbuster anti-obesity medicines, which have captured the cultural imagination over the past year. The earnings report comes amid what has been a surprisingly grim two weeks for the pharmaceutical sector: Investors have sold off shares of virtually every large drugmaker … Read more
Shares of Qualcomm Inc. broke a streak of post-quarterly-results losses late Wednesday, as the chip maker gave investors a reason to stay positive about the current quarter. Qualcomm stock QCOM, +1.74% rose 4% in the extended session Wednesday after the company reported fiscal fourth-quarter earnings that topped Wall Street expectations and called for current-quarter earnings … Read more
Approximately half of the S & P 500 companies have reported their earnings so far — and the magnitude of their average earnings-day move has been larger than normal, according to Goldman Sachs. The average earnings-day move for companies had an absolute value of 4.2%, the firm said in a Tuesday note. Typically, the average … Read more
Now that the majority of the so-called Magnificent 7 have reported earnings with mixed reactions, Apple (AAPL) is on deck this Thursday after the close. Apple’s valuation is a concern for me given the current interest rate, macro, and geopolitical environment. Trading at over 26 times forward earnings, AAPL’s valuation does not reflect the uncertainty … Read more
It’s the trend in earnings that matters. Fourth-quarter estimates, which had been steady for some time, have seen a rapid decline in the past few weeks. The S & P 500 was expected to see an earnings gain of 11% for the fourth quarter on Oct. 1, and that expectation is now down to 7.8%. … Read more