Intel missed consensus estimates for both EPS and revenue. Its cloud business, AWS, posted revenue of nearly $20 billion in the quarter and now holds more than a third of the cloud infrastructure services market. The better news is the company expects revenue to rise by as much as 17% in the current quarter. I have read, and agree to the Terms of UseĪmazon missed the consensus EPS estimate but topped the revenue estimate. Shares traded up 2.4% in Friday’s premarket session. The company expects less friction in its supply chain during the current quarter and also expects revenue to be lower sequentially. Lacking a path to growth, investors took the stock down more than 9% Thursday.Īfter markets closed Thursday, Apple beat earnings per share (EPS) estimates and reported record revenue that was just short of the consensus estimate. Shares dropped 6.4% in Thursday trading.Ĭomcast also beat consensus estimates on the top and bottom lines but the telecom reported no subscriber growth. Southwest Airlines reported results that beat top- and bottom-line estimates but issued disappointing third-quarter guidance. A non-cash impairment charge of $359 million was discounted by investors and added about 12% in Thursday’s regular trading session. In Friday’s premarket trading, all three major indexes are trading higher.īefore markets opened Thursday morning, Tilray reported a loss per share of $0.90, much worse than the projected loss of $0.08 and revenues came in slightly higher than expected at the pharmaceutical and cannabis company. While that may be a technical signal that the country is in recession, traders and investors behaved as though the bad news on equities has all but ended. gross domestic product dropped by 0.9% in the second quarter, marking the second consecutive quarterly decline. Ten of 11 sectors, led by real estate (up 3.7%) and utilities (up3.6%) closed higher while communications services (down 1.1%) was the only sector to close lower. The Dow Jones Industrial Average added 1.03%, the Standard & Poor’s 500 rose 1.21%, and the Nasdaq Composite closed up 1.08%. equity indexes closed higher on Thursday.
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