Business News Today

Twitter, Robinhood, GM, Microsoft and more

Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Sq. speaks on stage on the Bitcoin 2021 Conference, a crypto-currency convention held on the Mana Conference Heart in Wynwood on June 04, 2021 in Miami, Florida.

Joe Raedle | Getty Pictures

Try the businesses making headlines in noon buying and selling.

Coca-Cola — Shares of Coca-Cola gained 1.8% after the beverage large’s quarterly outcomes beat on each high and backside traces. Coca-Cola reported adjusted earnings of 65 cents per share, 7 cents larger than the Refinitiv consensus estimate. The corporate additionally hiked its full-year forecast.

McDonald’s — McDonald’s shares ran up 2.7% after the fast-food chain beat earnings estimates. The corporate reported adjusted quarterly earnings of $2.76 per share, in contrast with the anticipated $2.46 per share. Increased costs and new menu objects helped enhance the corporate’s income.

Boeing — Shares of Boeing dipped 1.1% after a wider-than-expected quarterly loss. The plane maker posted an adjusted quarterly lack of 60 cents per share, in contrast with 20 cents per share anticipated. Income additionally missed expectations.

Common Motors — GM shares fell 4.3% regardless of an earnings beat. The automaker posted revenue of $1.52 per share on income of $26.78 billion, whereas Wall Road anticipated earnings of 96 cents per share on income of $26.51 billion.

Harley-Davidson — Shares of the motorbike producer jumped greater than 8% after it reported its quarterly outcomes. The corporate reported $1.18 per share in adjusted diluted earnings per share, in comparison with analysts’ estimate of 77 cents per share, in keeping with FactSet. Harley additionally topped income forecasts.

Spotify — Spotify shares rose 6.4% after the audio streaming service posted a wider-than-expected quarterly loss, however income and consumer progress topped estimates. The corporate stated its podcast phase boosted income.

Microsoft — Shares of the tech large popped 4.6% following a stronger-than-expected quarterly report. Microsoft reported adjusted earnings of $2.27 per share for its fiscal first quarter, exceeding analysts’ estimates of $2.07 per share, in keeping with Refinitiv. Complete firm income climbed nearly 22% 12 months over 12 months, marking the quickest progress since 2018.

Alphabet — Shares of Alphabet gained 6.2% after the Google-parent firm beat on earnings. Alphabet reported earnings of $27.99 per share, in contrast with $23.48 anticipated, in keeping with Refinitiv. Administration stated Apple’s privateness options solely had a “modest affect” on YouTube revenues.

Twitter — Shares of Twitter fell greater than 9% regardless of the corporate’s third-quarter report, which met analysts’ expectations for income and consumer progress. Twitter additionally stated Apple’s privateness adjustments had much less of an affect than anticipated. Nevertheless, the corporate stated bills, reminiscent of investing in head depend progress, will bleed into 2022.

Robinhood — Shares of the brokerage slipped greater than 10% after Robinhood reported a high and backside line miss for its third-quarter earnings and delivered a bleak outlook for the present quarter. Income was dragged down by a slowdown in crypto buying and selling and Robinhood warned that the headwinds in buying and selling will persist into year-end. The shares is now buying and selling under its IPO worth of $38 per share.

Visa — The funds large noticed shares fall 5.3% after it issued a conservative income outlook throughout as a part of its quarterly earnings report. Visa introduced in $1.62 per share, beating expectations by 8 cents. It additionally exceeded income expectations, because of a rise in on-line and journey spending.

Enphase Power — Shares of the photo voltaic firm surged 27.9% after Enphase reported report income throughout the third quarter. The microinverter maker posted gross sales of $351.5 million throughout the interval, which was up 11% quarter over quarter. Enphase additionally issued upbeat steering for the present quarter.

Six Flags — Shares of Six Flags dropped 10.6% after the corporate’s quarterly outcomes bested expectations. Six Flags reported earnings of $1.80 per share on income of $638 million, whereas analysts surveyed by Refinitiv anticipated earnings of $1.55 per share on income of $587 million.

F5 Networks — F5 Networks shares added 7.4% after a strong earnings report. The corporate reported adjusted earnings of $3.01 per share on income of $682 million. Analysts surveyed by StreetAccount anticipated earnings of $2.75 on income of $672 million.

Fiserv — Fiserv shares sank 11% after the corporate beat earnings-per-share expectations by simply 2 cents and income got here in as anticipated, in keeping with StreetAccount.

— CNBC’s Tanaya Macheel, Yun Li, Maggie Fitzgerald, Pippa Stevens contributed reporting

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button