Tesla has been facing growing challenges in China due to strict COVID-19 rules as well as growing competition from local electric carmakers like BYD.
Snap blames its underperforming Q3 2022 financial report to rising inflation and the war in Ukraine. The report tanked other stocks.
The revenue miss did not impress investors as the company’s shares fell by 6.65% on Thursday to close at $207.28.
The social media company said it remains optimistic about its long-term opportunity amid its community growth.
At the latest Tesla earnings call, Elon Musk stated that Twitter has much greater potential than current value.
IBM recorded $4.70 billion in consulting revenue during Q3 2022. The figure is a 5.5% jump over the prediction of $4.51 billion.
Tesla said during the Q3 2022 earnings call that it expects to miss its delivery target for the year.
Johnson & Johnson saw a better-than-expected in the third quarter according to its Q3 2022 report. However, JNJ may cut jobs soon.
Netflix wrote in its fiscal Q3 earnings announcement that it is “optimistic” about its new advertising business.
The majority of companies that have released their performance reports have shown that the economic meltdown was born as a result of soaring inflation.
Goldman Sachs is considering merging both the investment banking divisions as well as the trading unit together to form just three major units moving forward.
Roblox posted sound figures in its recently-released September 2022 metrics report, although not as sound as that from August.
While News Corporation is worth about $9.45 billion, Fox Corporation has a $14.76 billion market capitalization.
Both the Bank of America (BoA) & BNY Mellon beat analysts’ expectations in Q3 2022, see stocks rise 2.9% and 4.4% respectively.
The lack of blockbuster content this year is putting further pressure on AMC’s revenue. However, the company has enough stockpile to ride through this tough times.