Microsoft recorded a revenue of $46.15 billion during the prior quarter versus $44.24 billion as expected by analysts according to Refinitiv.
Despite strong Q3 earnings, Apple saw a drop in its stock price following the report. AAPL shares closed at $146.77 or 1.49% down yesterday. After hours, Apple stock lost another 2.09% to reach $143.70.
GE is expanding its wind power production into Quebec as part of its North American growth, and it is poised to do big things there too.
Ahead of the June earnings report by Apple, Wall Street analysts have deconstructed the market and provided their sentiments.
With Tesla hitting a record Q2 net profit, the company is making an optimistic prognosis for the upcoming future. It expects a 50% average annual growth in vehicle deliveries.
The US IPO market has seen good growth over the years per the number of firms that went public and the valuations raised.
Snap stock has risen approximately 184.94%, and 25.76% in the past year and seven months.
Twitter reported adjusted earnings per share of 20 cents against 7 cents expected by analysts according to a poll by Refinitiv.
Besides concerns of Covid resurgence in the United States, food stocks including Domino’s are heavily bolstered by the second-quarter earnings results.
Tesla is planning to make Superchargers that are accessible by all vehicles in most of the countries.
Nasdaq Private Market will become standalone and will operate independently from the parent company.
Monday’s dip which represents accounts for one of the biggest drops in the Dow Jones in the past year was cushioned with the latest gains. However, the 30 stock index is still about 1.6% below its best level attained last week.
Netflix stock greatly improved during the coronavirus outbreak. However, as more coronavirus vaccines got approved for mass use, NFLX stock began to retract.
UBS said the huge net profit during Q2 is partially due to continued momentum in flows and volume growth.
Among several points expected to be raised during the upcoming earnings call for Tesla, investors may see a more than 88% increase from the same period last year.