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Stocks

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

“Roblox reported results for the fiscal fourth quarter Wednesday that beat consensus estimates on the top and bottom lines. Shares closed up more than 10%. Here’s how the company did: The revenue figure is what Roblox calls bookings, a category that… Continue Reading…

Stocks

“Shake Shack stock surges 26% on fourth-quarter profit, strong 2024 outlook” [Feb 15]

“Shares of Shake Shack surged 26% on Thursday after the burger chain delivered strong fourth-quarter earnings results. The stock reached a new 52-week high of $98.90 and is up more than 67% in the last 12 months…” https://www.cnbc.com/2024/02/15/shake-shack-shak-earnings-q4-2023.html

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…

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

“Delta Air Lines profit jumps almost 60% after strong summer”

“Delta Air Lines’ profit rose nearly 60% in the third quarter as strong travel demand continued through the summer, particularly for international trips, though the carrier forecast full-year earnings toward the low end of an earlier estimate after a jump in fuel prices. In… Continue Reading…

Business

“Toyota’s profits rise 78% on strong sales as the parts crunch eases”

“…Toyota Motor Corp.’s April-June net profit rose 78% from 736.8 billion yen the previous year, the company reported Tuesday. Quarterly sales edged up 24% to 10.5 trillion yen ($74 billion) as vehicle sales improved on-year across major markets, including Japan… Continue Reading…

Business, Stocks

“Restaurant Brands earnings beats estimates, fueled by Tim Hortons’ and Burger King’s strong sales”

“…Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Restaurant Brands reported first-quarter net income of $277 million, or 61 cents per share, up from $270 million, or 59… Continue Reading…

Economy

“U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong”

“…Nonfarm payrolls grew by 261,000 for the month while the unemployment rate moved higher to 3.7%, the Labor Department reported Friday. Those payroll numbers were better than the Dow Jones estimate for 205,000 more jobs, but worse than the 3.5% estimate… Continue Reading…

Energy, Stocks

“Exxon Mobil Stock Surges On Update For Strong Q3”

“Exxon Mobil (XOM) stock surged Wednesday after it signaled natural gas prices would support already strong third-quarter expectations. Despite steep growth estimates, the energy giant projects it will not match its record profits from Q2 as oil prices have retreated along… Continue Reading…

Stocks

“Dow pops 500 points as Wall Street applauds latest bank earnings, strong June retail sales”

“…The Dow Jones Industrial Average popped 532 points, or 1.74%. The S&P 500 jumped 1.35% and Nasdaq Composite added 1.06%, but stocks remained on track for weekly losses. A new round of bank results from Wells Fargo and Citigroup offered further insight into the state… Continue Reading…