It was a solid quarter for the companies in our stock portfolio, with the bulk of our names reporting what we felt were good-to-great earnings reports. Continued economic growth on the back of a resilient consumer and increasing business confidence ahead of what most expect to be a lower interest rate environment helped drive the
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In this article DRI Follow your favorite stocksCREATE FREE ACCOUNT A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois. Scott Olsen | Getty Images Darden Restaurants on Thursday reported weaker-than-expected quarterly earnings and revenue as sales weakened at Olive Garden and its fine dining restaurants. “While
Linde on Friday reported another impressive quarter, as the industrial gas supplier continues to demonstrate its reliability and value in a diversified stock portfolio. Revenue in the second quarter totaled $8.27 billion, a bit shy of the $8.32 expected by analysts, according to estimates compiled by LSEG. On annual basis, overall revenue was up 0.8%.
Signage outside the Nasdaq MarketSite in New York on March 23, 2023. Stephanie Keith | Bloomberg | Getty Images With second-quarter earnings from tech’s mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous. The Nasdaq slumped 3.4% this week, bringing its three-week slide to 8.8%. It’s the worst performance
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft CEO Satya Nadella, left, departs from federal court in Washington, D.C., on Oct. 2, 2023. Nathan Howard | Bloomberg | Getty Images Microsoft will report fiscal second-quarter earnings after the market close on Tuesday. Here’s what analysts polled by LSEG, formerly known as Refinitiv,
In this article ANF Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians pass in front of an Abercrombie & Fitch Co. store in San Francisco. David Paul Morris | Bloomberg | Getty Images Shares of Abercrombie & Fitch soared 18% in premarket trading Wednesday after the mall retailer beat estimates, raised its guidance and reported a
Credit Suisse shares plunged 18% on Thursday after the Swiss bank posted a quarterly loss that was significantly worse than analyst estimates, and announced a massive strategic overhaul. The embattled lender posted a third-quarter net loss of 4.034 billion Swiss francs ($4.09 billion), compared to analyst expectations for a loss of 567.93 million Swiss francs.
In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT McDonald’s on Thursday said traffic to its U.S. restaurants is growing, helping the fast-food giant top analysts’ expectations for its quarterly earnings and revenue. The company is bucking a trend seen by other chains, which have reported shrinking traffic after raising menu prices. Many restaurants, including McDonald’s and its
In this article CMCSA Follow your favorite stocksCREATE FREE ACCOUNT The Comcast building in New York. Scott Mlyn | CNBC Comcast on Thursday reported third-quarter earnings that beat analyst estimates, despite seeing revenue slightly decline and continued softness in broadband customer growth. The company’s shares closed 1.5% higher Thursday. Here’s how Comcast did in the
In this article LUV Follow your favorite stocksCREATE FREE ACCOUNT A Southwest Airlines Co. Boeing 737 passenger jet pushes back from a gate at Midway International Airport (MDW) in Chicago, Illinois, U.S., on Monday, Oct. 11, 2021. Luke Sharrett | Bloomberg | Getty Images Southwest Airlines on Thursday joined other airlines in forecasting that strong
In this article MO PM CRON-CA Follow your favorite stocksCREATE FREE ACCOUNT Altria Group signage is displayed on a monitor on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Cigarette maker Altria Group on Thursday reported third-quarter earnings that missed Wall Street estimates as its revenue fell. Here’s
In this article SHOP-CA Follow your favorite stocksCREATE FREE ACCOUNT Shares of Shopify jumped 17% after the e-commerce company reported a narrower-than-expected loss for the third quarter and revenue that beat Wall Street’s estimates. Loss per share: loss of 2 cents, adjusted, vs. loss of 7 cents expected by analysts according to Refinitiv. Revenue: $1.37
Intel CEO Pat Gelsinger speaks during the Mobileye Global Inc. IPO at the Nasdaq MarketSite in New York on Oct. 26, 2022. Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest US initial public offerings of the year above its marketed range to raise $861 million. Michael Nagle
In this article PINS Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians pass in front of Pinterest signage displayed outside of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Pinterest shares soared over 12% in extended trading after the company reported third-quarter earnings. Here’s how the company did. Earnings: 11 cents per
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple reported fiscal fourth-quarter earnings on Thursday that beat Wall Street expectations on revenue and earnings per share. However, Apple came up short versus revenue expectations in core product categories including the company’s iPhone business and services. Apple shares rose over 1% in extended trading. Here
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Andy Jassy, CEO of Amazon and then CEO of web services at Amazon.com Inc., speaks during the Amazon Web Services (AWS) Summit in San Francisco, California, U.S., on Wednesday, April 19, 2017. David Paul Morris | Bloomberg | Getty Images Amazon reports third-quarter earnings after
In this article F Follow your favorite stocksCREATE FREE ACCOUNT 2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor recorded a net loss of $827 million during the third quarter, weighed down by supply chain problems and an investment in autonomous vehicle unit Argo AI. Still, the automaker narrowly beat Wall Street’s subdued expectations
In this article META Follow your favorite stocksCREATE FREE ACCOUNT Mark Zuckerberg, co-founder and CEO of Meta Platforms, in July 2021. Kevin Dietsch | Getty Images News | Getty Images Meta reports third-quarter earnings on Wednesday after the bell. Here’s what analysts are expecting: Earnings: $1.89 per share, according to Refinitiv Revenue: $27.38 billion, according
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