In a week filled with earnings, the CNBC Investing Club made several trades and adjusted price targets for its major stocks. These decisions were based on the analysis of quarterly results and information obtained from conference calls. Let’s take a closer look at the portfolio activity on each day. CNBC Investing Club with Jim Cramer …
Here are some companies that are making headlines in midday trading: 1. Amazon: The e-commerce giant saw a 10% surge in its stock after delivering a massive profit beat and positive guidance. Both its cloud and ad businesses also reported better-than-expected revenue for the quarter. 2. Apple: The big tech stock slipped 3% as it …
Sheldon Cooper | Lightrocket | Getty Images Discover the noteworthy companies generating buzz in after-hours trading. Amazon — The e-commerce giant saw a surge of over 7% in extended trading after delivering robust second-quarter results and providing optimistic revenue guidance for the current period. Amazon exceeded analysts’ expectations, reporting earnings of 65 cents per share, …
Empty bottles of Moderna Covid-19 vaccine. Fred Tanneau | AFP | Getty Images Discover the standout companies dominating the headlines in pre-market trading. Qualcomm — The chipmaker experienced an 8.5% decline in stock value after reporting adjusted earnings per share of $1.87 on $8.44 billion in revenue for the second quarter. Analysts had predicted earnings …
In an interview on Squawk Box at the WEF in Davos, Switzerland on January 17th, 2023, Amon Cristiano, the CEO of Qualcomm, addressed the recent challenges faced by the chipmaker. Shares of Qualcomm fell approximately 9% in pre-market trading on Thursday, following the company’s announcement of weaker-than-expected quarterly revenue and guidance. Qualcomm continues to experience …
Kevin Mazur | Getty Images Entertainment | Getty Images Warner Bros. Discovery has released its second-quarter results for the year, falling short of expectations and experiencing a decrease in subscriber numbers. According to StreetAccount, global direct-to-consumer streaming subscribers at the end of the quarter were 95.8 million, below the anticipated 96.7 million subscribers. This marks …
Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg | Getty Images Yum Brands on Wednesday reported mixed quarterly results as Taco Bell’s and Pizza Hut’s same-store sales disappointed. Shares of the company were up …
A customer exits a CVS Health Corp. store in Oakland, California, U.S., on Friday, Aug. 2, 2019. Michael Short | Bloomberg | Getty Images CVS Health reported better-than-expected second-quarter earnings and revenue on Wednesday. The company has been implementing a cost-cutting program and reducing its workforce. CVS has been focusing on expanding its health-care services …
Tarang Amin, the Chairman and CEO of e.l.f. Beauty Inc., a popular cosmetics company, rang the opening bell at the New York Stock Exchange (NYSE) in celebration of the company’s IPO in New York City on September 22, 2016. Brendan McDermid | Reuters e.l.f. Beauty, a well-known drugstore makeup brand, has raised its full-year outlook …
Illustration photo of the Starbucks logo on a cup at the airport in Charleroi, Belgium on July 27, 2023. Photo by Jakub Porzyck/Nurphoto/Getty Images Starbucks reported better-than-expected quarterly earnings on Tuesday, although its same-store sales fell short of Wall Street’s estimates. However, the company maintained its fiscal 2023 outlook during the conference call. Starbucks is …