Monday , May 27 2024
Home / Tag Archives: Wall Street (page 9)

Tag Archives: Wall Street

Tech Earnings Dominate Second Week of Q1 Reports with Amazon, Microsoft, Meta & Alphabet Leading Charge

In this week’s Q1 tech earnings reports, investors look for signs of staying power amid a recession-threatened economy.  Tech earnings will make up a significant portion of corporate Q1 earnings this week, in the second week of quarterly reports. Investors will be paying close attention to Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT), and Alphabet (NASDAQ: GOOGL) in a packed week. Investors may also take cues from these corporate reports to determine the fiscal landscape as the Fed...

Read More »

Procter & Gamble Sees Fiscal Q3 2023 Results Beat Earnings & Revenue Expectations Despite Lower Sales Volumes

According to the CEO of the consumer goods mainstay, Procter & Gamble retains the right strategies to deliver balanced growth. On Friday, April 21, Procter & Gamble (NYSE: PG) reported its fiscal Q3 2023 earnings, which showed the company beat estimates. The multinational consumer goods corporation’s quarterly earnings and revenue came in better than expected, with higher prices counterbalancing lower demand for its products. Following this commendable performance, P&G raised...

Read More »

AT&T Stock Tanks 7% as Free Cashflow Tanks and Wireless Growth Slows in Q1 2023

AT&T’s free cash flow dropped significantly as a result of which the stock price took a severe beating on Wall Street in Thursday’s early trading hours. During the early trading hours on Thursday, April 20, the stock price of telecom giant AT&T (NYSE: T) came crashing down by more than 7%. As of press time, the AT&T stock is trading 7.26% down at a price of $18.28. Today’s price crash in AT&T pushes the stock into negative territory on the year-to-date chart. Factors That...

Read More »

MS Stock Slightly Down, Morgan Stanley Reports Lower-Than-Expected Q1 2023 Revenue

Morgan Stanley has retained its stance as one of the top banks in the United States with influence spread around the world. American multinational banking giant Morgan Stanley (NYSE: MS) has released its performance and revenue report for the first quarter of this fiscal year, showcasing a result that is lower than analysts’ expectations. Based on the company’s report, its revenue came in at $14.52 billion as against the $13.92 billion estimate by Refinitiv analysts. Additionally, the...

Read More »

ASML Releases Impressive Q1 2023 Report, Predicts Bullish Sales to China

Despite the great ASML Q1 2023 earnings, sales of chips to China slowed down within that time period as geopolitical tension between China and the United States took a new twist. Netherlands-based chipmaker ASML Holding NV (NASDAQ: ASML) has projected its sales and earnings to the Chinese mainland will skyrocket for the rest of 2023 after it recorded a significant slowdown in its business in the region in the first quarter (Q1 2023). The projections came after the company reported a...

Read More »

Bank of America (BAC) Shares Ticks 2% in Pre-Market after Impressive Q1 2023 Report

The company’s investors are bullish on the BAC stock following the earnings release. American multinational financial services giant Bank of America Corp (NYSE: BAC) has released its first quarter (Q1 2023) performance report which shows significant growth milestones. According to details shared by the bank, its revenue came in at $26.39 billion as against the $25.13 billion expected from analysts. The Charlotte, North Carolina Headquartered bank also saw a shift in its Earnings Per Share...

Read More »

Ericsson Q1 2023 Outing Receives Sales Boost from Indian Market amid US Contraction

In its Q1 2023 report, Swedish telecom giant Ericsson described India as a viable market that drove sales up fivefold.  Ericsson (NASDAQ: ERIC) recently reported its Q1 2023 earnings which beat expectations and revealed a boost in quarterly profit. On Tuesday, the Swedish telecom giant first-quarter core earnings benefited from increased sales of 5G equipment in countries like India. Ericsson’s net sales grew 14% in the first three months of 2023, surpassing the consensus estimate of 60.43...

Read More »

Stock Futures Advance Ahead of Big Week for Bank, Corporate Earnings

Stock futures in the US climbed as investors brace for a crucial week of quarterly earnings from several large companies across sectors. Wall Street stock futures moved higher amid anticipation of more big bank earnings this week. On Sunday, stock futures tied to the S&P 500 climbed 0.16%, or 6.5 points, with the Nasdaq 100 futures increasing by 0.06%. In addition, futures tied to the Dow Jones Industrial Average (DJIA) also advanced 0.13% or 43 points. The banking sector got off to...

Read More »

JPMorgan Chase Reports Record Q1 2023 Revenue Haul amid US Banking Crisis

JPMorgan topped Q1 2023 revenue expectations by more than $3 billion on the back of higher Fed-facilitated interest rates.   JPMorgan Chase (NYSE: JPM) recently posted a Q1 2023 record revenue haul that beat analysts’ expectations. The banking giant’s record first-quarter revenue largely benefitted from net income on higher interest rates which surged 50% year-over-year (YoY). JPMorgan said its Q1 revenue came in at $39.34 billion compared to the $36.19 billion analysts expected....

Read More »

Delta Air Lines Reports Mixed Q1 2023 Results, DAL Shares Up 2% in Premarket

During the first three months of the year, Delta Air Lines reported adjusted operating revenue of $11.8 billion whereas analysts expected $11.99 billion. One of the oldest and busiest American airlines Delta Air Lines Inc (NYSE: DAL), has reported its financial results for the first three months of 2023 (Q1 2023) today. According to the announcement, Delta Air Lines posted a wider-than-estimated loss for the first quarter but forecast revenue growth and profits during the second quarter of...

Read More »