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Stocks

“Tesla stock slips after EV maker misses estimates on deliveries”

“Tesla posted third-quarter deliveries and production numbers on Wednesday. The company’s stock price jumped 32% in the quarter, which ended on Monday. Tesla faces increasing competition, most notably in China…” https://www.cnbc.com/2024/10/02/tesla-tsla-q3-2024-vehicle-delivery-and-production-numbers.html

Economy

“August private payrolls rose by 99,000, smallest gain since 2021 and far below estimates, ADP says”

“Companies hired just 99,000 workers last month, less than the downwardly revised 111,000 in July and below the consensus forecast for 140,000, according to payrolls processing firm ADP. The report corroborates multiple data points recently that show hiring has slowed… Continue Reading…

Stocks

“Cava earnings beat estimates as restaurant traffic climbs nearly 10%”

“…Shares of the company rose 9% in extended trading. The stock has more than doubled its value this year, bringing Cava’s market cap up to about $11.6 billion, as of Thursday’s close… The Mediterranean restaurant chain reported fiscal second-quarter net… Continue Reading…

Business

“Starbucks revenue misses estimates as same-store sales decline for second straight quarter”

“Starbucks’ quarterly earnings met expectations, but the company’s revenue fell short of Wall Street’s estimates. In China, same-store sales dropped 14%. The coffee reiterated its outlook after it slashed it last quarter, predicting that its sales slump would not end… Continue Reading…

Business, Stocks

“Procter & Gamble earnings beat estimates, but quarterly sales disappoint as China demand slides”

“…Shares of the company fell 5% in morning trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: P&G reported fiscal fourth-quarter net income attributable to the company of… Continue Reading…

Business

“Netflix blows past earnings estimates as subscribers jump 16%”

“LOS ANGELES — Netflix will no longer provide quarterly membership numbers or average revenue per user starting next year, the company said Thursday as it reported earnings that beat on the top and bottom lines. Total memberships rose 16% in the first quarter, reaching 269.6… Continue Reading…

Stocks

“Temu-Owner PDD Holdings Easily Beats Q4 Estimates As Revenue Doubles”

“…For the three months ending Dec. 31, PDD Holdings said it earned an adjusted 15.83 Chinese yuan ($2.23) per share on sales of 88.88 billion yuan ($12.52 billion). On average, analysts were expecting PDD to post earnings of $1.57 per… Continue Reading…

Stocks

“Roblox shares rise 10% after company beats estimates and issues strong guidance”

“…Roblox also reported full-year revenue of $3.52 billion, versus an LSEG consensus estimate of $3.41 billion. The company’s full-year loss per share was $1.87, compared with a consensus estimate of $1.91. Roblox’s quarterly bookings hit $1.13 billion — the company’s… Continue Reading…

Business

“AT&T Earnings Top Estimates As Wireless Subscriber Adds Beat”

“…Analysts had projected AT&T earnings of 62 cents a share on revenue of $30.2 billion, according to FactSet. A year earlier, AT&T earned 68 cents a share on revenue of $30 billion from continuing operations. AT&T Stock: Free Cash Flow… Continue Reading…