Facebook (FB) stock price today failed to hold above the 100-day moving average at 187.92 and as of writing the stock price is 1.05% lower at 186.87. Facebook stock price finds support at 186.25 where the ascending trendline from December 2018 crosses. The stock price started a correction after the [...]
Shares of Apple spiked Tuesday after the US Trade Representative (USTR) Lighthizer announced a delay in additional tariffs on some Chinese imports such as components of cell phones, electronics, laptops, clothing and footwear until December 15. These tariffs were to take effect on September 1 and would have affected components [...]
The shares of Uber Technologies Inc fell nearly 10% on the day after it reported a humongous net loss of $5.24billion. Adjusted sales also came in much lower than expected, as was the adjusted revenue which came in at $2.87billion versus the $3.05 billion that the markets were expecting. This [...]
Exxon Mobil’s Q2 2019 earnings per share and revenues topped the earnings forecasts by analysts. Exxon Mobile posted earnings of 73 cents per share, which was far greater than the 68 cents that was predicted by analysts. Furthermore, revenues rose to $69.091 billion, versus the consensus figure of $65.77 billion. [...]
Twitter shares are surging higher today on the back of strong earnings and a larger-than-expected growth in its monetizable daily active usage (mDAU) data. mDAU for the 2nd quarter came in at 139million users, which was better than the 135 million users that analysts had been expecting, in data provided [...]
Alphabet (GOOGL) Q2 2019 earnings beat on both top and bottom lines expectations. GOOGL Management announced a $25 billion repurchase of its Capital C stock, the biggest in the Alphabet's history. Revenue grew by 20.8% to $31.7bn beating expectations of $30.8bn. EPS grew by 10.7% to $14.7 beating expectations of [...]
Following an investigation conducted by the Federal Trade Commission into the Cambridge Analytica scandal and other complaints about infringements of users’ privacy, Facebook has reached a $5billion settlement with the organization. This is reportedly the 2nd highest fine ever paid by a tech company. In addition to paying this fine, [...]
Facebook reported 2Q results topping analysts’ expectations on earnings and revenue after the markets closed amid strong advertisement growth. Earnings came in at $1.99 cents per share vs. $1.88 per share, Revenue came in at $16.9 billion, vs. market consensus of $16.5 billion Daily active users met expectations of 1.59 [...]
Boeing missed earnings estimates in its 2nd quarter earnings results released today, suffering its biggest quarterly loss in decades after the worldwide grounding of its 737 Max fleet. After reporting a loss of $5.82 per share (including charges accrued from the 737 Max) versus market estimates of a $1.85 loss [...]
Asian indices and Nikkei 225 finished higher as stock investors sentiment improves after news that U.S. trade negotiators will likely visit China next week for their first face-to-face talk with Chinese officials since the G20 meeting. Traders’ attention focused on the Fed policy meeting next week as hopes of a [...]
