Latest in Shares Soar Earnings
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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.Business - CNBC - 10 hours ago -
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 pushWorld - Financial Times - October 22 -
Travelers’ stock soars as earnings triple despite record catastrophe losses
ravelers’ stock surges toward another record after earnings beat expectations by a wide margin, amid a sharp improvement in underlying profitability.Business - MarketWatch - October 17 -
Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand
TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.Business - CNBC - October 18 -
Trump Media’s Soaring Share Price Masks Truth Social’s Internal Strife
Employees have complained to the board about hiring and management practices at the parent company of Truth Social, which serves as the main online megaphone for former President Donald Trump.Business - The New York Times - 6 days ago -
Tokyo Metro Shares Soar in First Day of Trading for Century-Old Subway
Tokyo Metro had raised over $2 billion in one of Japan’s largest initial public offerings in years.Business - The New York Times - 6 days ago -
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 offBusiness - Financial Times - 7 hours ago -
Centene’s stock soars 11% after earnings sweep past estimates and company backs guidance
Chief Executive Sarah M. London said the company had navigated a “dynamic landscape” in the quarter amid turmoil in the Medicaid business.Business - MarketWatch - 4 days ago -
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.Business - MarketWatch - 7 hours ago -
Netflix rose 11% after third-quarter earnings beat
Netflix saw momentum in its ad-supported membership tier, which surged 35% quarter over quarter.Business - CNBC - October 18 -
Starbucks Shares Drop After Dismal Preliminary Quarterly Earnings
“We need to fundamentally change our strategy,” the coffee giant’s new chief executive said.Business - The New York Times - 6 days ago -
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 ...World - The Guardian - 6 days ago -
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 yearBusiness - Financial Times - 5 days ago -
Tesla’s Shares Surge 20% After Strong Earnings and Outlook
The company said profits climbed 17 percent in the third quarter. It expects car sales to rise up to 30 percent next year when it plans to begin selling new models.Business - The New York Times - 5 days ago -
Tesla shares close at highest in 13 months as post-earnings rally continues
Following Tesla's best day on the market since 2013, the stock rose more than 3% on Friday, closing at its highest since September 2023.Business - CNBC - 4 days ago -
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.Business - MarketWatch - 21 hours ago -
Alphabet shares rise on earnings beats boosted by cloud revenue
Google parent Alphabet reported third-quarter earnings that beat on top and bottom lines.Business - CNBC - 9 hours ago -
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.Business - CNBC - October 16 -
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.Business - CNBC - October 16 -
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.Business - CNBC - 21 hours ago