Intel (NASDAQ: INTC) stock is reeling in premarket trading after the chip giant missed its second-quarter earnings results. In sum, the firm posted revenues of $15.3 billion, a reduction of -17.3% yea...
Tag: Earnings
Exxon Mobil Stock Surges After Energy Giant Drills to Record Profit
Text size PHOTOCAP Dean Mouhtaropoulos/Getty Images Soaring energy prices and increased production helped Exxon Mobil shatter its previous record for quarterly profit as the oil and gas giant posted e...
Amazon, Roku, Intel and more
Take a look at some of the biggest movers in the premarket: Amazon.com (AMZN) – Amazon shares rallied 12.5% in premarket trading after it posted better-than-expected quarterly revenue and issued an up...
Alibaba Slumps as Traders Assess Earnings Risk, Ant Report
(Bloomberg) — Alibaba Group Holding Ltd. fell for a third straight day as investors assessed the impact of Jack Ma reportedly ceding control of his fintech arm, and as worries over its earnings ...
Roku drops by 25% in after-hours trading due to Q2 earnings miss
Roku (NASDAQ: ROKU) sunk by 25% in after-hours trading on July 28, following a miss on their Q2 earnings report. A slowdown in TV advertising spending due to various macro headwinds spooked investors ...
Opinion: Which Intel CEO is to blame for the current woes? Or is it actually AMD’s CEO?
As Intel Corp. investors try to parse through the wreckage of its disastrous second quarter, one nagging question will not go away: Which chief executive is to blame for the debacle — current CEO Pat ...
Vale Earnings Disappoint as Miners Grapple With Stagflation
(Bloomberg) — Vale SA struggled more than expected with deteriorating iron ore conditions last quarter, delivering earnings that trailed estimates on rising costs and weaker prices of the steelm...
Amazon rallies 13% after-hours beating earnings with solid AWS growth
Amazon (NASDAQ: AMZN) stock rallied by over 13% in the after-hours trading session after investors digested the firm’s earnings guidance. Namely, the company managed to post revenues of $121.2 billion...
HSBC share price sits at key support ahead of earnings. Is it a buy?
The HSBC (LON: HSBA) share price has been under pressure as investors wait for the upcoming results. The stock is trading at 515p, which is bout 7.7% below the highest level this month. It has fallen ...
Intel Posts Sharp Drop in Sales, Issues Muted Outlook
Updated July 28, 2022 6:36 pm ET Listen to article (2 minutes) Chip maker Intel reported a surprise quarterly loss and cut its full-year outlook, reflecting a slump in personal-computer purchases and ...
Intel stock plummets after wide earnings miss, execution mistakes
Intel Corp. shares plunged in the extended session Thursday after the chip maker missed Wall Street estimates by a wide margin and cut its outlook for the year, acknowledging a slowing market as well ...
Occidental Petroleum Stock Eyes Buy Point As Earnings Near
Occidental Petroleum (OXY), a member of both the IBD 50 and IBD Big Cap 20, is running into resistance as it struggles to advance through a new consolidation pattern toward a buy point. Second-quarter...
U.S. Bank workers opened fake accounts to meet sales goals, feds say
NEW YORK — For more than a decade, U.S. Bank pressured its employees to open fake accounts in their customers’ names in order to meet unrealistic sales goals, the Consumer Financial Protection Bureau ...
The Countdown to Apple Earnings Is On, Here’s What to Expect
This earnings season comes against a backdrop of all kinds of economic worries and market watchers are keeping a close eye on how the tech giants perform. Leading market participants can shape the sto...
Amazon set to report earnings amid recession fears
Amazon (AMZN) reported its financial results after the closing bell on Thursday, beating analysts’ expectations on revenue. The stock soared 12% higher in after-market trading. Still, Amazon als...
15 quality dividend stocks that you can buy on sale right now
John Buckingham, editor of the Prudent Speculator newsletter, paraphrases Warren Buffett when he says “whether it is socks or stocks, we like to buy quality merchandise that is marked down.” And 2022 ...
Fails to add broadband subscribers
Comcast reported second-quarter revenue and earnings that topped analyst estimates, but the cable provider didn’t add broadband customers in a quarter for the first time ever. Comcast’s hi...
Shell Posts Record Quarterly Profit of $11.5 Billion. Exxon and Chevron Are Next.
Text size Shell also announced plans to buy back a further $6 billion of shares. Getty Images Shell , the United Kingdom–domiciled energy giant, posted record quarterly earnings Thursday a day before ...
Is it a good buy ahead of earnings
Glencore (LON: GLEN) share price rose for four straight days even as recession risks rose and mining companies published weak results. The shares jumped to a high of 470p, which was the highest level ...
Intel earnings slammed on Wall Street: ‘Such a disconnect between the company’s optimism and the current reality’
Intel Corp. drew sharp criticism from analysts after the company reported results that were disappointing on many fronts, indicating a storm of macroeconomic, competitive, and execution challenges. Th...