Reddit shares soar 22% on earnings beat and better than expected forecast

Business - CNBC

Reddit shares soar 22% on earnings beat and better-than-expected forecast

Reddit reported third-quarter results that exceeded analysts' estimates and gave a forecast for the current period that was well ahead of estimates.

9 hours ago

Business - MarketWatch

Reddit’s stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates

Reddit said Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.

5 hours ago

Business - MarketWatch

McDonald’s CEO apologizes for E. coli outbreak, as fast-food giant’s earnings beat estimates

McDonald’s is encouraged by signs of progress in the third quarter.

13 hours ago

Business - MarketWatch

Snap shares jump after results come in better than expected

Shares of Snap Inc. rose after hours on Tuesday after the social-media platform reported third-quarter results that beat expectations and said its board authorized a stock buyback of up to $500 ...

5 hours ago

Business - Financial Times

Reddit shares soar 25% as it turns its first profit

Social media platform says it has attracted nearly 100mn daily active users with its ad tech investments starting to pay off

5 hours ago

Business - CNBC

ASML share plunge wipes over $50 billion off Dutch chip giant's value

ASML published its third-quarter earnings Tuesday, a day earlier than expected.

October 16

Business - CNBC

HSBC announces fresh $3 billion share buyback as third-quarter earnings beat expectations

Pre-tax profit came in at $8.5 billion, a 10% rise from the $7.7 billion posted a year ago.

19 hours ago

Business - Financial Times

Lloyds beats earnings forecasts as lending rises

Mortgage book grows as customers take advantage of fall in interest rates

6 days ago

Business - MarketWatch

TSMC beats forecasts with 54% surge in profits on soaring AI demand

Taiwan Semiconductor Manufacturing Co said its sales were boosted by strong demand from smartphone makers and artificial intelligence firms

October 17

Business - The Wall Street Journal

Adidas Raises Guidance on Better-Than-Expected Results

The German sportswear company cited better-than-expected results for the third quarter and brand momentum.

October 15

Business - Financial Times

Tesla shares leap 22% after Musk predicts sales rebound

EV maker adds more than $150bn in market value after billionaire says sales may increase as much as 30% next year

5 days ago

Business - CNBC

Bank of America tops estimates on better-than-expected trading revenue

Bank of America benefited from its Wall Street trading and banking divisions in the third quarter, just as rival JPMorgan Chase did.

October 15

Business - MarketWatch

United Airlines sheds unprofitable capacity in better-than-expected quarter

Revenue from basic economy seats shot up 20% at United.

October 16

Business - CNBC

China reports better-than-expected retail sales and industrial production data

The data comes after a flurry of recent announcements from authorities as Beijing seeks to boost consumption and support its flagging real estate sector.

October 18

World - The Guardian

Tesla shares jump in third-quarter earnings even as expected revenue is lower

After two slow quarters, Elon Musk’s electric-vehicle maker reports higher-than-expected earnings per share. Tesla shares saw a 12% jump after the company reported its third-quarter earnings on ...

6 days ago

Business - CNBC

Netflix rose 11% after third-quarter earnings beat

Netflix saw momentum in its ad-supported membership tier, which surged 35% quarter over quarter.

October 18

Business - MarketWatch

HSBC shares surge on another $3 billion buyback plan and earnings beat

HSBC shares increased 4% on Tuesday as the British bank beat analysts’ earnings expectations for the third quarter and launched another $3 billion share buyback plan.

19 hours ago

Business - CNBC

Alphabet shares rise on earnings beats boosted by cloud revenue

Google parent Alphabet reported third-quarter earnings that beat on top and bottom lines.

7 hours ago

Business - Financial Times

HSBC chief says east-west division will not lead to ‘any split’

Georges Elhedery embarks on sweeping overhaul of lender as part of cost-cutting drive

21 hours ago

Business - CNBC

United shares hit pre-pandemic high after airline forecasts strong finish to 2024, plans buyback

United Airlines said it authorized a $1.5 billion share buyback, its first share repurchase since before the Covid-19 pandemic.

October 16

Business - CNBC

Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street's third-quarter expectations

Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street's Q3 expectations

19 hours ago

Business - CNBC

Morgan Stanley shares pop 7% after beating estimates for third-quarter profit and revenue

Morgan Stanley has several tail winds in its favor, from high stock values to a rebound in investment banking and strong trading activity.

October 16

Business - CNBC

Retail sales rose 0.4% in September, better than expected; jobless claims dip

Consumer spending held up in September, underscoring a resilient economy.

October 17

Business - CNBC

Treasury yields jump after better-than-expected retail sales, drop in jobless claims

U.S. Treasury yields were higher on Thursday as investors parsed the latest economic data.

October 17

Business - MarketWatch

Reddit’s results are on deck. Analysts expect ad strength and growth in online spending.

Reddit reports its third quarterly results as a public company after market close on Tuesday amid expectations of ad strength and healthy online spending growth.

Yesterday

Business - MarketWatch

Abbott Labs beats Q3 sales and earnings expectations, raises full-year outlook

Abbott Laboratories on Wednesday reported better-than-expected third-quarter earnings and sales, boosted by strength in the company’s medical-devices business.

October 16

Business - CNBC

Barclays shares hit nine-year high after third quarter profit jumps 23%, beating expectations

British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.

5 days ago

World - Financial Times

FirstFT: HSBC overhaul to divide businesses along east-west lines

Also in today’s newsletter, EY fires staff for ‘cheating’ and Mubadala Capital’s private equity push

October 22

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