November 19, 20240 Comments

S&P 500 closes higher as Nvidia powers tech ahead of earnings By Investing.com

Investing.com– The S&P 500 closed higher Tuesday, as an Nvidia-led climb in tech helped stocks shrug off earlier concerns about increasing Russia-Ukraine tensions. At 4.00 p.m. ET (2100 GMT), the fell 120 points, or 0.3%, the index gained 0.4%, and the added 1%. Nvidia leads tech higher ahead of earnings NVIDIA (NASDAQ:), the world’s most valuable listed company, gained more than 4% just a day ahead of its quarterly earnings report. Nvidia

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November 19, 20240 Comments

Walmart hikes annual earnings outlook, beats Q3 estimates; shares jump By Investing.com

Walmart (NYSE:) shares rose over 3% Tuesday after the retail giant hiked its annual earnings outlook and reported better-than-expected Q3 results. The third quarter adjusted earnings per share (EPS) came in at $0.58, topping consensus expectations of $0.53. Walmart’s revenue for the quarter rose to $169.6 billion, also above the $167.67 billion estimated by analysts. Comparable sales performance in the US, excluding fuel, was strong across segments. Total (EPA:) US

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November 19, 20240 Comments

Walmart earnings beat by $0.05, revenue topped estimates By Investing.com

Investing.com – Walmart (NYSE: ) reported fourth quarter EPS of $0.58, $0.05 better than the analyst estimate of $0.53. Revenue for the quarter came in at $169.6B versus the consensus estimate of $167.67B. Guidance Walmart sees FY 2025 EPS of $2.42-$2.47 versus the analyst consensus of $2.45. Walmart’s stock price closed at $84.08. It is up 11.07% in the last 3 months and up 62.42% in the last 12 months.

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November 16, 20240 Comments

Trip.com ADR earnings beat by ¥0.12, revenue fell short of estimates By Investing.com

Investing.com – Trip.com ADR (NASDAQ: ) reported third quarter EPS of ¥7.05, ¥0.12 better than the analyst estimate of ¥6.93. Revenue for the quarter came in at ¥15.6B versus the consensus estimate of ¥15.63B. Trip.com ADR’s stock price closed at ¥59.49. It is up 38.64% in the last 3 months and up 67.81% in the last 12 months. Trip.com ADR saw 10 positive EPS revisions and 3 negative EPS revisions

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November 15, 20240 Comments

Russia’s Sovcomflot blames earnings drop on Western sanctions By Reuters

(Reuters) – Russia’s leading tanker group Sovcomflot said on Friday that Western sanctions on Russian oil tankers were limiting its financial performance, as it reported falling revenues and core earnings. The United States imposed sanctions on Sovcomflot in February, part of Washington’s efforts to reduce Russia’s revenues from oil sales that it can use to finance its war in Ukraine. Sovcomflot reported a 22.2% year-on-year drop in nine-month revenue to

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November 15, 20240 Comments

Alibaba shares rise as Q3 earnings top estimates By Investing.com

Investing.com — Chinese e-commerce giant Alibaba (NYSE:) Group Holding Ltd (NYSE: BABA) reported better-than-expected third-quarter earnings on Thursday, sending its shares up 3.2% in premarket trading. The company posted adjusted earnings per share of RMB15.06 ($2.15), beating analyst estimates of RMB14.79, but falling 4% year-over-year. Revenue came in at RMB236.5 billion ($33.7 billion), up 5% YoY but slightly below the consensus forecast of RMB239.97 billion. Alibaba’s core China commerce retail business

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