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Stocks

“Starbucks stock plunges 14% after badly missing its Q2 earnings estimates”

“…For its second quarter earnings, the company missed expectations across the board, posting lower-than-expected revenue, earnings, and same-store sales growth, as customers pulled back on the frequency of their visits and the size of their orders. Its shares opened 14%… Continue Reading…

Stocks

“Shares of critical chip firm ASML drop 5% as sales miss expectations with 22% fall”

“…ASML’s stock was down around 4.5% in early European trade after the results. Here’s how ASML did versus LSEG consensus estimates: Net sales fell 21.6% year-on-year while net income dropped 37.4%. ASML’s net sales fell in the middle point of… Continue Reading…

Economy

“NYC thinks Census Bureau estimates missed tens of thousands of [illegal aliens]”

“…The city rented out entire hotels to house some of the tens of thousands of migrants who came to New York City last year and also put cots in schools and temporarily housed people in tents, a cruise ship terminal and a former police… Continue Reading…

Business, Economy

“Restaurant Brands revenue disappoints Wall Street as Burger King same-store sales miss estimates”

“…Shares of the company were down 2% in morning trading. Here’s what Restaurant Brands reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv: Restaurant Brands reported third-quarter net income… Continue Reading…

Stocks

“Verizon Earnings Fall From Year Earlier But Top Estimates; Revenue Misses”

“…For the period ended June 30, March, Verizon earnings came in at $1.21 on an adjusted share. Profit for VZ stock fell 7% from a year earlier. Revenue for Verizon stock dipped 3.5% to $32.6 billion. A year earlier, Verizon… Continue Reading…

Business

“Home Depot posts worst revenue miss in about 20 years, lowers forecast as consumers delay big projects”

“Home Depot on Tuesday reported its biggest revenue miss in more than 20 years and lowered its forecast for this year, as consumers delay large projects and buy fewer big-ticket items like patio sets and grills… Home Depot said it now… Continue Reading…

Economy

“Chevron annual profit doubles to record $36.5 billion, but fourth-quarter miss hits shares”

“Chevron on Friday posted a record $36.5 billion profit for 2022 that was more than double year-earlier earnings, but the bottom line fell shy of Wall Street estimates, undercut by asset writedowns and rising costs. The second-largest U.S. oil producer’s… Continue Reading…

Economy

“China’s consumer and factory data miss expectations in July”

“…Retail sales grew by 2.7% in July from a year ago, the National Bureau of Statistics said Monday. That’s well below the 5% growth forecast by a Reuters poll, and down from growth of 3.1% in  June. Within retail sales,… Continue Reading…

Business

“Apple sales miss expectations, Tim Cook says supply issues cost company $6 billion”

“Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints on iPhones, iPads, and Macs.   Apple fell under 3% in extended trading. “We had a very strong performance… Continue Reading…