The stock price of Walmart has surged due to the company announcing a beat of its quarterly financial result forecasts. The stock price has surged 7.17% or $4.92. Earnings per share were forecast to be at $0.646. Actual earnings are $0.67. Meanwhile, total revenues were expected to be $168.565 billion. Released number is $169.335 billion. The firm has managed to
The US pharmaceutical firm Eli Lilly has announced a stunning financial quarter, as the firm has managed to increase production of weight loss drugs. The stock price of the company was set to start Thursday's trading with a gap up of nearly 9.00%. The company has been experiencing major demand for its weight loss drugs. However, it had struggled
The Friday's sell-off has accelerated. The Japanese financial markets have crashed overnight. The US Dollar index is approaching the 102.00 mark, pushing other currencies up. Meanwhile, the US stock market is crashing, as the volatility index, which is called the fear index, is above the 60.00 mark. Due to the drop of the US Dollar, various peer currency pairs have
The online retailer Amazon reported its quarterly financial results after Thursday's trading hours. In general, the firm has reported a slow-down in growth of sales, which disappointed investors and caused a stock decline. The company has suffered a decline in revenue growth due to lower demand for cloud computing services, sticky inflation and high borrowing costs. The stock price
The stock price of Meta is set to start the day's trading with a $33.66 or 7.09% gap up. The gap up will occur due to the company reporting higher than expected quarterly financial results. The firm has managed to pass the earnings per share expectations by revealing EPS of $5.16 instead of the market forecast $4.717. Meanwhile, total revenues
Semiconductor giant Advanced Micro Devices reported quarterly results after yesterday's US market close. In general, the firm has managed to beat quarterly expectations, which is causing a surge. The news are the reason for $11.91 or 8.61% gap up of the stock price. In general, the earnings numbers reveal a minor increase of the firm's value. On a quarter on quarter
The stock price of Microsoft is set to start the day's trading with a drop, despite beating quarterly earnings expectations. In general, the company has given up most of its revenue gains to higher costs, due to which the profit increase has been minor. Earnings per share were expected to show a reading of $2.937, but the actual number is
For the first time in three years, the global sales of McDonald's have declined. In addition, the company has missed its quarterly earnings expectations. Earnings per share were expected at $3.074, but actual earnings are $2.97. Total Revenues were estimated to be $6.623 billion. Actual revenues were $6.49 billion. However, the stock price of the firm surged on the news,
The stock price of Google parent company Alphabet started the day's trading at $173.81, which is a decline of $8.00 or 4.40%, compared to Tuesday's closing price. This decline is attributed to increasing costs. In general, Alphabet has beaten second quarter expectations for revenues and earnings per share. Revenues were estimated to be $84.22 billion instead of the actual $84.742
The stock price of the EV maker started the day's trading with a $21.32 or 8.65% drop, which is caused by the firm's quarterly financial results. Tesla has missed market analyst estimates for profit margins, as gross margin is at 14.6% instead of the expected 16.3%. In general, the firm cut its prices in order to boost demand. The price
The German automaker Porsche has announced that it is reducing its sales and profit expectations due to a sudden shortage of aluminium alloy in Germany. These news have caused a decline of the firm's stock price on the Frankfurt stock exchange. Porsche has not named the European contractor, which has hurt the firm's supply of aluminium. However, it has
The stock price of Tesla has extended the Monday's 6.05% surge by jumping at the start of Tuesday's trading. US trading session was started near the $220.00 mark. Tesla has reported its quarterly production numbers that have surpassed market expectations. TESLA INC: In the second quarter, we produced approximately 411,000 vehicles and delivered approximately 444,000 vehicles. Q2 MODEL 3/Y production 386,576
The price for gold suddenly plummeted starting from 08:00 GMT, as the price dropped from 2,373.80 down to 2,345.50. This move was caused by the reveal that the Chinese government has ended its 18 month streak of buying gold around the world in order to create reserves. Namely, a major buyer has just exited the market.
The Chief Financial Officer of ASML Roger Dassen has revealed that the firm expects new orders from its top customer Taiwan Semiconductor Manufacturing Company in the upcoming quarter. These news caused a 7.56% surge of the company's stock price. The price went from 872.90 EUR up to 940.00 EUR by mid-day.
Despite suffering a 10% decline in iPhone sales, Apple has managed to bear quarterly financial forecasts by a slight margin. However, the stock is surging due to a different reason. The company has announced share buybacks that would amount to a total of $110 billion. The earnings per share for the first quarter were forecast to be $1.505, but actual
On April 30, Amazon reported its quarterly revenues. Despite making more income than expected, the firm's stock is plummeting. In general, the trend that was observed in other companies has also impacted Amazon. Current quarter has been good, but the future looks bleak. Total net income increased a stunning 229.00% year on year. Sales in AWS grew 17.25%. However, quarter
After the market closed on April 24, Meta released its quarterly financial results. Despite beating earnings expectations, the stock has plummeted in pre-market trading, as the firm expects costs to impact future earnings. In general, Meta has reported that it expects revenues to decrease and costs to continue to grow. Moreover, the firm's representatives commented during the earnings review that
On April 23, after the US market close, Tesla revealed the company's quarterly financial results. In general, the firm announced worse than expected results, but announced future plans that could save the company. The company has reported the biggest revenue decline since 2012. Moreover, the financial results are below the lowest of market expectations. The markets expected earnings
The stock price of Netflix is set to start Friday's US trading with a gap down of 6.34% or a price decline of $38.71. In general, the drop has occurred due to the company announcing that it will no longer provide subscriber statistics. Market analyst have been using the subscriber numbers to model future earnings projections. The cancelling of the
Due to a boost from new trends in sneakers, Adidas stock price has experienced major profits. The firm has revealed that it has beaten its quarterly financial expectations. These news have caused a 8.00% surge of the company's share price. Moreover, a recent string of good news over the week has resulted in the stock gaining more than
The UK pharmacy giant Astra Zeneca has announced an increase of the firm's dividend by 7.00% to $3.10 per share. Company's stock price reacted to the news with a 1.51% or 1.61 GBP. However, the announcement has occurred just before the annual meeting of the stockholders. In the meeting which is scheduled for today shareholders are set to vote for
The stock price of Tesla plummeted nearly 7.00% at the start of Tuesday's US trading. The drop was caused by the company reporting that it has delivered 386,783 new vehicles in the first quarter of 2024. The market consensus forecast was that the company would deliver 431,000.
The ongoing spread of a cocoa bean disease in West Africa continues to disrupt the market. On March 26, the cocoa price hit the $10,000 mark. The price has surged 136.44% in 2024 by gaining $5,852.45. In addition, as the markets have been expecting global monetary easing, cocoa has surged as any commodity. The price gains since early 2023
On Thursday, the stock price of Apple plummeted 4.37% or $7.81. The drop was caused by a major US antitrust lawsuit that accuses the company of monopolizing smartphone markets. Apple has been known for year to be forcing app developers to use their Apple App Store exclusively and pay the company the commissions charged by the store. The company has