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Stocks

“Meta shares surge 15% after Facebook parent beats earnings estimates”

“Shares of Facebook parent company Meta continued to rally Thursday after the company reported better-than-expected profit in the first quarter. Meta reported earnings per share of $2.72, higher than the $2.56 expected by analysts. However, revenue came in at $27.91 billion, lower than estimates.… Continue Reading…

Stocks

“Snap shares soar more than 53% after earnings show it’s weathering Apple’s privacy changes”

“Shares of Snap are up more than 53% Friday after the company reported its first-ever quarterly net profit and showed it’s seeing quicker-than-expected progress on its transition with advertisers around Apple’s privacy changes on iOS. It’s a big recovery from Thursday trading, when shares closed down… Continue Reading…

Business

“Home Depot earnings top estimates fueled by 9.8% jump in sales as consumers fix up homes”

“Home Depot on Tuesday reported third-quarter earnings and revenue that beat analysts’ forecasts as customers spent more on home improvement projects. Strong demand is carrying over into the next quarter as the retailer readies for the holiday season. The company’s shares… Continue Reading…

Business

“Berkshire’s operating earnings pop 18% last quarter with Buffett’s cash pile at record $149 billion”

“Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in its railroad, utilities and energy businesses from the pandemic, while the company’s cash pile hit a record high as Warren Buffett continued to sit on… Continue Reading…

Stocks

“Coca-Cola earnings top estimates as consumers drink more beverages away from home”

“…Coke shares rose around 3% in premarket trading on the news. Here’s how the company did compared with what Wall Street analysts surveyed by Refinitiv were expecting: Earnings per share: 65 cents adjusted vs. 58 cents expected Revenue: $10.04 billion vs. $9.75… Continue Reading…

Stocks

“GM beats Wall Street’s third-quarter estimates, guides toward ‘high end’ of 2021 earnings forecast”

“…The third quarter was expected to be a rougher one than the first half of the year for GM. Analysts, however, said they projected relatively solid results, despite a global shortage of semiconductor chips that has depleted vehicle inventories and shuttered plants.… Continue Reading…

Stocks

“Is Exxon Stock A Buy Ahead Of Q3 Earnings As Oil Prices Hit Multi-Year Highs?”

“FactSet analysts expect Exxon to swing to a profit of $1.56 per share in Q3 vs. an 18 cents per share loss in the year-ago quarter. Revenue is seen climbing 54% to $71.13 billion. Exxon has remained committed to its… Continue Reading…

Stocks

“Dow rises 100 points to another all-time high amid strong earnings”

“…The Dow Jones Industrial Average gained 120 points to touch another all-time high. The S&P 500 rose 0.4%, hitting an intraday record as well. The Nasdaq Composite traded 1% higher, sitting 0.2% below its record high. United Parcel Service saw… Continue Reading…

Business, Stocks

“AutoNation shares hit new all-time high after reporting record quarterly earnings”

“…Shares of the Florida-based dealership group jumped by as much as 12% Thursday morning before retreating to about $124 a share, up by about 6%. AutoNation’s stock is up by nearly 70% so far this year. The company reported adjusted… Continue Reading…

Cryptocurrencies

“Coinbase could jump up to 16% after earnings this week, trader says”

“Coinbase shares ended trading at $258.26 on Friday, up about 1%. They climbed an additional 3.8% to $268 in Monday’s premarket trading session. A run to $290 or $300 would be a 12-16% increase from Friday’s closing levels…” https://www.cnbc.com/2021/08/09/buy-disney-coinbase-ahead-of-earnings-this-week-traders-say.html Coinbase… Continue Reading…