Markets react to top company earning

Note: This section contains information in English only.
Source: Dukascopy Bank SA
After the market closure on Thursday, three major companies announced their quarterly results. The announcements done by Meta, Amazon and Apple are causing major volatility in the pre-market trading.



The top market mover is Meta, as the company beat the earnings-per-share expectations by 10.54%. However, the pre-market surge of nearly 17.00% is being attributed to the fact that the company for the first time ever has announced a dividend.



In addition, the stock price of Amazon has surged almost 7.00% in pre-market trading. The company beat its earnings per share forecasts by a total of 25.85%. However, total revenues increased only 2.43%. The numbers indicate that earnings were mainly caused by cost cutting.



Meanwhile, Apple has had a bad quarter, as Chinese firms have been taking consumers from the company and United States and European buyers have stuck to older phones.



Note that the US indices surged already at 21:00 GMT on Thursday, as Dukascopy offers the trading of the next month's futures contracts. The news were already priced in the US tech and top 500 stock indices.

In general, the quarterly results of major companies have revealed that online consumption, AI and add revenues have been surging. In the meantime, the sale of physical goods has decreased. Meta, which is a pure online firm has gained massively. Apple has struggled to keep up. Amazon, which is in both businesses, has shown mixed results.
Back to articles

Actual Topics

Tue, 06 Feb 2024 12:41:38 GMT

BP beats expectations

Despite British Petroleum annual profit halving in 2023 to $13.8 billion, the company has revealed that it has beat the last quarter expectations by posting a profit of $3 billion. Namely, the markets expected the energy company to perform even worse than it actually has. Due to this reason, the value of the stock is moving higher. By mid-European

Thu, 01 Feb 2024 16:04:08 GMT

BNP Paribas fails to reach target

The French bank BNP Paribas has reported a decline in quarterly income and moved its targets further down into the future. Moreover, the bank has reported declines in revenue in all of its businesses, compared to late 2022. The news caused a 8.00% drop of the bank's share price.

Subscribe to "Fundamental Analysis" feed

Abonnieren
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere handelsbezogene Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Für weitere Informationen über eine mögliche Zusammenarbeit,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Dukascopy Bank Binären Optionen zu lernen /Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere Handelsbezogenen Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Um mehr über Krypto Handel/CFD/ Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über Business Introducer und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Für weitere Informationen über eine mögliche Zusammenarbeit,
rufen Sie uns bitte an oder bitten Sie um einen Rückruf.