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Meta, Amazon, Apple and Other Stocks

The stock market is always a rollercoaster, and it’s important to stay updated on the latest news about the companies making headlines. Here’s a rundown of some of the most recent post-market movements:

Amazon shares gained nearly 10% after the e-commerce giant reported fourth-quarter results that exceeded analysts’ expectations. The company reported earnings of $1 per share on revenue of $169.96 billion, higher than the 80 cents per share on $166.21 billion expected by analysts.

Meta, the technology stock, soared more than 14% after posting better-than-expected fourth-quarter earnings of $5.33 per share on revenue of $40.11 billion. That exceeded the earnings of $4.96 per share on $39.18 billion in revenue that analysts had expected. The company also declared its first-ever dividend payment, pegged at 50 cents.

Deckers Outdoor, the footwear stock, popped 4.7% after posting fiscal third-quarter earnings of $15.11 per share, exceeding the $11.48 expected by FactSet. Deckers’ revenue of $1.56 billion also surpassed the $1.45 billion forecasted. Meanwhile, the company announced that CEO Dave Powers will be retiring on Aug. 1, with its Chief Commercial Officer Stefano Caroti stepping into the role.

Skechers, the sneaker manufacturer, tumbled 10% after reporting mixed fourth-quarter results and issuing light guidance for the full year. Clorox, the consumer products manufacturer, jumped 7.4% after revenue for the fiscal second quarter surpassed expectations. Coursera, the online course provider, also saw a 4.5% increase in shares after reporting earnings that exceeded analyst expectations.

Microchip Technology, however, saw a 2.2% fall after posting a weak outlook for the fiscal fourth quarter. Columbia Sportswear, the sportswear manufacturer, lost 6% after posting fourth-quarter earnings and revenue that disappointed analysts’ expectations.

Apple slipped 2% despite a fiscal first-quarter earnings and revenue beat. The company posted earnings of $2.18 per share versus the $2.10 estimated by analysts, while its revenue of $119.58 billion also exceeded the $117.91 billion analysts had forecast. However, a 13% decline in China sales may have sent shares sliding lower.

Overall, it’s clear that the market has been full of surprises and ups and downs. It’s important to keep an eye on these developments as they can have a significant impact on investment decisions. So, what will the next move be? Only time will tell. Stay tuned for more updates and let’s see what the future holds for these companies!

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