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Business

“Is Your Income Higher Than The Average Middle-Class Household? Here’s What They’re Earning”

“According to Pew Research, the median income for middle-class households reached $106,100 in 2022. That’s a 60% jump from the $66,400 median income in 1970. While that sounds impressive, it’s worth noting that upper-income households saw an even larger increase of 78%,… Continue Reading…

Business, Energy

“Exxon earnings beat as production in Guyana and Permian sets a record”

“Exxon earnings beat as the acquisition of Pioneer drove record production Production grew by 15%, or 574,000 barrels per day, to 4.4 million barrels per day from the first quarter. The Pioneer deal contributed $500 million to Exxon’s earnings…” https://www.cnbc.com/2024/08/02/exxonmobil-xom-earnings-q2-2024-.html

Stocks

“Apple stock has best day since 2022 after earnings beat, $110 billion stock buyback”

“Apple shares popped 6% Friday after the company reported better-than-expected second-quarter earnings and the largest-ever stock buyback program. It was the best day for the stock since Nov. 30, 2022. The iPhone maker announced Thursday it would repurchase $110 billion of its shares,… Continue Reading…

Business, Stocks

“Gap shares pop as company’s holiday earnings blow past estimates, Old Navy returns to growth”

“Gap’s largest banner Old Navy returned to growth for the first time in more than a year during its holiday quarter as the retailer delivered earnings on Thursday that came in well ahead of Wall Street’s expectations.  Sales at Old Navy… Continue Reading…

Stocks

“It’s No Nvidia, But This Tech Company Is Targeting 325% Earnings Growth In 2024”

“While artificial intelligence giant Nvidia (NVDA) has electrified the stock market, shares of another tech player — software company Confluent (CFLT) — shot up by double digits this year. Now, as the company sees 325% profit growth in 2024, Confluent stock is rising as… Continue Reading…

Stocks

“Nvidia stock surges after earnings beat estimates across the board”

“….For the quarter, Nvidia reported adjusted earnings per share (EPS) of $5.16 on revenue of $22.1 billion. Analysts were expecting EPS of $4.60 on revenue of $20.4 billion. That’s a massive jump from the same period last quarter when Nvidia… Continue Reading…

Stocks

“Cloudflare stock jumps 21% on earnings beat as the company wins larger deals”

“Cloudflare shares rose 21% in extended trading on Thursday after the web security and content distribution network provider issued results and quarterly guidance that proved more robust than analysts had projected. Here’s how the company did, in comparison with estimates from… Continue Reading…

Energy

“Wind power industry in moment of reckoning as stocks fall and earnings crumble”

“Renewable energy firms are mostly suffering a dire earnings season as struggling supply chains, manufacturing faults and rising production costs eat into profits…” https://www.cnbc.com/2023/11/13/wind-power-industry-in-moment-of-reckoning-as-stocks-fall.html Good. Does anyone know how many birds are killed by windmills a year? I’ll give you… Continue Reading…

Stocks

“Roblox Stock Surges 20% On Strong Q3 Earnings…”

“…After Wednesday’s market open, Roblox shares soared as much as 20% after the company reported stronger-than-expected Q3 earning and sales results. The company lost 45 cents a share, vs. the 49-cent loss expected by FactSet. The company reported bookings of… Continue Reading…

Business

“BP Stock Falls After Earnings. It’s Tough for Big Oil to Beat Last Year.”

“BP the oil and gas company, missed analyst estimates for profit in the third quarter. It goes to show how hard it is for Big Oil to keep investors happy after making record profits last year. London-based BP (ticker: BP)… Continue Reading…