Tag Archives: Stocks

Intel (INTC) Intel shares fell after reporting quarterly results which missed analyst expectations. Fourth quarter adjusted revenue of $14.04 billion came in below the Wall Street’s consensus estimate of $14.49 billion. The chip maker’s adjusted earnings per share came in at 10 cents versus expectations of 19 cents. Guidance for the first quarter also came in light. The company anticipates cost reductions between $8 billion and $10 billion by the end of 2025. Hasbro (HAS) The toymaker announced… Source link

Tesla (TSLA) The electric vehicle (EV) giant reported adjusted quarterly earnings of $1.19 versus analyst estimates of $1.12 per share. Sales of $24.32 billion beat analyst estimates of $23.03 billion. Tesla’s automotive gross margin of 25.9% came in below expectations of 28.4%. The company said its Cybertruck model is on track to begin production later this year. More details are expected to be revealed at its investor day on March 1. IBM (IBM) IBM shares rose 2% after the company announced… Source link

U.S. stocks clawed back from steep losses to close mixed on Wednesday after lackluster forecasts from Microsoft (MSFT) and other companies reporting earnings weighed on the market for much of the session. The S&P 500 (^GSPC) was just below flat, while the Dow Jones Industrial Average (^DJI) turned positive, capping the day just above breakeven. The technology-heavy Nasdaq Composite (^IXIC) was off by 0.2%. Investors continued to barrel through a mild earnings season, with reports from names… Source link

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U.S. stocks gained Monday as investors braced for a jam-packed week of corporate earnings and contemplated the Federal Reserve’s next rate move before officials meet later this month. The S&P 500 (^GSPC) advanced 1.2%, while the Dow Jones Industrial Average (^DJI) jumped about 250 points, or 0.8%. The technology-heavy Nasdaq Composite (^IXIC) again led the way higher, rallying 2%. The moves Monday come after the S&P 500 and Nasdaq rallied toward a winning week on Friday, regaining their… Source link

4 Chinese stocks & 2 Russian stocks a top fund manager is buying | Asia Markets Home Stocks 4 Chinese stocks & 2 Russian stocks a top fund manager is buying Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, January 20, 2023 Today’s newsletter is by Myles Udland, Head of News at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance App. Corporate earnings season will be in full swing by the end of next week. Big banks, airlines, and Netflix (NFLX) have all released… Source link

Alcoa (AA) Alcoa shares fell in after hours on weaker-than-anticipated shipments for the precious metal this year. The U.S. based aluminum producer expects between 2.5 million and 2.6 million metric tons of shipments this year. That came in short of the consensus analyst estimates to ship an average of 2.65 million tons of aluminum. “The Company also worked to mitigate challenging market conditions throughout the year that included high costs for raw materials and energy and lower sequential… Source link

U.S. stocks rose modestly at Wednesday’s open as investors continued to parse through more corporate financial updates for signs of the “earnings recession” many analysts have warned about. Investors also assessed the release of more economic data, as retail sales slumped more than expected and producer prices came in cooler than expected. The S&P 500 (^GSPC) edged 0.3% higher, while the Dow Jones Industrial Average (^DJI) added 55 points, or 0.2%. The technology-heavy Nasdaq Composite ( Source link

United Airlines (UAL) Shares of the airline are up more than 5% in after hours after better-than-expected quarterly results and earnings guidance. United sees its first quarter adjusted earnings anywhere between 50 cents and $1.00, beating estimates of 22 cents per share. The airline reported fourth quarter EPS of $2.36 versus analysts’ consensus expectations of of $2.12. It’s revenue of $12.4 billion also came in above expectations of $12.2 billion. The airline said it able to recover quickly… Source link