Tag Archives: earnings

U.S. stocks fell Monday in a choppy start to August trading as Wall Street struggled to sustain July’s momentum. The S&P 500 and Dow Jones Industrial Average each fell roughly 0.3%, while the Nasdaq Composite held near breakeven. Investors mulled a flurry of data early in the session that showed manufacturing activity expanded at the slowest pace in more than two years. The Institute for Supply Management’s gauge of factory activity retreated to 52.8 from 53 a month earlier, marking the… Source link

Facebook parent company Meta (META) reported its Q2 2022 earnings after the closing bell on Wednesday, falling shy of analysts’ expectations, and missing by a wide margin on its Q3 revenue forecasts. The quarter also marked the first year-over-year revenue decline for the social media company. Net income also fell 36% year-over-year. Here are the most important numbers from the report versus what analysts were expecting, as compiled by Bloomberg. Revenue: $28.8 billion versus $28.9 billion… Source link

SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported profit of $112.7 million in its second quarter. On a per-share basis, the Schiphol, Netherlands-based company said it had profit of 30 cents. Earnings, adjusted for non-recurring costs, were 53 cents per share. The Russian search engine posted revenue of $2.3 billion in the period. … Source link

SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported profit of $112.7 million in its second quarter. On a per-share basis, the Schiphol, Netherlands-based company said it had profit of 30 cents. Earnings, adjusted for non-recurring costs, were 53 cents per share. The Russian search engine posted revenue of $2.3 billion in the period. _____ This… Source link

SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported profit of $112.7 million in its second quarter. On a per-share basis, the Schiphol, Netherlands-based company said it had profit of 30 cents. Earnings, adjusted for non-recurring costs, were 53 cents per share. The Russian search engine posted revenue of $2.3 billion in the period. _____ … Source link

Walmart’s second earnings warning of 2022 says a great deal about the financial stresses U.S. consumers are increasingly seeing amid sky-high inflation, a bear market in stocks, and lofty gas prices. The world’s largest retailer slashed its second-quarter and full-year profit outlooks late Monday owing to rampant inflation and a consumer retrenchment for discretionary items such as apparel. Walmart now sees full-year earnings tanking 11% to 13% compared to a prior estimate for a 1% drop. “This… Source link

Technology stocks led markets higher for a third straight session Thursday as investors mulled a slew of mixed earnings and a surprise rate hike from the European Central Bank. The tech-heavy Nasdaq Composite gained 1.3%, while the benchmark S&P 500 index rose 1%. The Dow Jones Industrial Average added 160 points, or 0.5%. Shares of Amazon (AMZN) pushed higher for a seventh straight day, placing the e-commerce giant on pace for its longest winning streak since June 2020. The stock climbed 13%… Source link

U.S. stocks turned lower Monday following a report Apple (AAPL) plans to slow hiring and spending growth next year to prepare for a possible recession. Bloomberg News reported Monday afternoon that the hiring slowdown and cuts to spending will take place across certain divisions and stem from a move to “be more careful during uncertain times,” citing people familiar with the matter who asked to remain anonymous. Shares slid roughly 1.5%. The S&P 500 dipped 0.2%, while the Dow Jones Industrial… Source link

U.S. stocks rallied Friday to cap a four-day losing streak on Wall Street. Sentiment was buoyed by better-than-expected retail sales data and a surprise earnings beat from Citigroup (C). The S&P 500 surged 1.9%, while the Dow Jones Industrial Average added 657 points, or roughly 2.2%. The tech-heavy Nasdaq climbed 1.8%. Blowout second-quarter results from Citi lifted shares of banking industry peers to post the best intraday rally for the sector since May, according to Bloomberg data. The mega… Source link

U.S. stocks fell sharply Monday to start the week, led by losses in shares of technology companies as investors braced for the start of earnings season and fresh inflation data due out Wednesday. The Nasdaq Composite shed 2.3%, and the S&P 500 slid 1.2%. The Dow Jones Industrial Average dipped 160 points, or 0.5%. Monday’s moves follow an up week for stocks that saw all three benchmarks log weekly gains despite closing flat after Friday’s jobs report. Meanwhile, the euro fell closer toward… Source link