The earnings season is almost over although Disney will release earnings tomorrow and Nvidia was scheduled to release later in the month. For today, the major releases showed: Lyft Inc (LYFT) BEAT: Q2 2023 USD: Adj. EPS 0.16, exp. -0.01, Revenue 1.02bln, exp. 1.02bln. Take-Two Interactive Software Inc (TTWO) MISS: Q2 2023 USD: EPS -1.22, … Read more
Last week’s positive news included strong earnings from Wall Street heavyweights Amazon and Alphabet. However, disappointing Apple earnings resulted in a 4.8% drop in its stock and helped lead to declines on Friday. Nevertheless, over 79% of S&P 500 companies have exceeded estimates for Q2 so far, the highest rate since Q3 2021. The major … Read more
UK stocks took rates hikes by the Federal Reserve and European Central Bank in their stride on Thursday as the FTSE 100 gained helped higher by upbeat earnings. Thursday was a busy day for FTSE 100 earnings updates as companies including Shell, Barclays, Centrica, St James’s Place and BT issued updates. Although there were disappointing … Read more