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The Stock MarketTwitter, Robinhood, GM, Microsoft and more

Twitter, Robinhood, GM, Microsoft and more

Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square speaks on stage on the Bitcoin 2021 Convention, a crypto-currency convention held on the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida.

Joe Raedle | Getty Images

Check out the businesses making headlines in noon buying and selling.

Coca-Cola — Shares of Coca-Cola gained 1.8% after the beverage big’s quarterly outcomes beat on each prime and backside traces. Coca-Cola reported adjusted earnings of 65 cents per share, 7 cents greater than the Refinitiv consensus estimate. The firm additionally hiked its full-year forecast.

McDonald’s — McDonald’s shares ran up 2.7% after the fast-food chain beat earnings estimates. The firm reported adjusted quarterly earnings of $2.76 per share, in contrast with the anticipated $2.46 per share. Higher costs and new menu gadgets helped enhance the corporate’s income.

Boeing — Shares of Boeing dipped 1.1% after a wider-than-expected quarterly loss. The plane maker posted an adjusted quarterly lack of 60 cents per share, in contrast with 20 cents per share anticipated. Revenue additionally missed expectations.

General Motors — GM shares fell 4.3% regardless of an earnings beat. The automaker posted revenue of $1.52 per share on income of $26.78 billion, whereas Wall Street anticipated earnings of 96 cents per share on income of $26.51 billion.

Harley-Davidson — Shares of the bike producer jumped more than 8% after it reported its quarterly outcomes. The firm reported $1.18 per share in adjusted diluted earnings per share, in comparison with analysts’ estimate of 77 cents per share, in response to FactSet. Harley additionally topped income forecasts.

Spotify — Spotify shares rose 6.4% after the audio streaming service posted a wider-than-expected quarterly loss, however income and person development topped estimates. The firm stated its podcast phase boosted income.

Microsoft — Shares of the tech big popped 4.6% following a stronger-than-expected quarterly report. Microsoft reported adjusted earnings of $2.27 per share for its fiscal first quarter, exceeding analysts’ estimates of $2.07 per share, in response to Refinitiv. Total firm income climbed virtually 22% yr over yr, marking the quickest development since 2018.

Alphabet — Shares of Alphabet gained 6.2% after the Google-parent firm beat on earnings. Alphabet reported earnings of $27.99 per share, in contrast with $23.48 anticipated, in response to Refinitiv. Management stated Apple’s privateness options solely had a “modest impact” on YouTube revenues.

Twitter — Shares of Twitter fell more than 9% regardless of the corporate’s third-quarter report, which met analysts’ expectations for income and person development. Twitter additionally stated Apple’s privateness adjustments had much less of an impression than anticipated. However, the corporate stated bills, akin to investing in head rely development, will bleed into 2022.

Robinhood — Shares of the brokerage slipped more than 10% after Robinhood reported a prime and backside line miss for its third-quarter earnings and delivered a bleak outlook for the present quarter. Revenue was dragged down by a slowdown in crypto buying and selling and Robinhood warned that the headwinds in buying and selling will persist into year-end. The shares is now buying and selling under its IPO worth of $38 per share.

Visa — The funds big noticed shares fall 5.3% after it issued a conservative income outlook throughout as a part of its quarterly earnings report. Visa introduced in $1.62 per share, beating expectations by 8 cents. It additionally exceeded income expectations, because of a rise in on-line and journey spending.

Enphase Energy — Shares of the photo voltaic firm surged 27.9% after Enphase reported report income through the third quarter. The microinverter maker posted gross sales of $351.5 million through the interval, which was up 11% quarter over quarter. Enphase additionally issued upbeat steering for the present quarter.

Six Flags — Shares of Six Flags dropped 10.6% after the corporate’s quarterly outcomes bested expectations. Six Flags reported earnings of $1.80 per share on income of $638 million, whereas analysts surveyed by Refinitiv anticipated earnings of $1.55 per share on income of $587 million.

F5 Networks — F5 Networks shares added 7.4% after a strong earnings report. The firm reported adjusted earnings of $3.01 per share on income of $682 million. Analysts surveyed by StreetAccount anticipated earnings of $2.75 on income of $672 million.

Fiserv — Fiserv shares sank 11% after the corporate beat earnings-per-share expectations by simply 2 cents and income got here in as anticipated, in response to StreetAccount.

— CNBC’s Tanaya Macheel, Yun Li, Maggie Fitzgerald, Pippa Stevens contributed reporting


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