source: Google eBay (NASDAQ: EBAY) shares dropped by ~ 5 percent after the company reported fourth-quarter 2019 earnings last week. The online marketplace actually reported better than expected earnings for the quarter. However, the earnings forecast for the coming quarter disappointed analysts. The company forecasted earnings for the upcoming quarter to be 50 to 53 cents a share on sales of $2.55 to $2.60 billion. These projections didn't go well with
Walmart (NYSE: WMT), the major U.S. retailer, reported flat earnings on Tuesday in its fourth-quarter earnings call. The company reported a Net Income of $4.14 billion for the quarter, almost 12.3% higher than $3.69 billion reported in the 4th quarter of last year. Revenue reported was $140.6 billion, an increase of 2.1%; slightly below analyst expectations of $141.5 billion. Adjusted Earnings per share came to be $1.38 below analyst expectations of $1.44. This was a rate profit miss for Walmart.
Apple beats earnings estimates, shares rise Apple (NASDAQ: AAPL) reported financial results for its fiscal 2020 first quarter ending December 28, 2019. Quarterly revenue stood at $91.8 billion beating expectations of $88.43 billion by a good margin. The revenue growth represents a 9% increase from the year-ago quarter and an all-time record! Earnings were also very positive with the company reporting quarterly earnings per diluted share of $4.99 beating estimates of $4.54 per
This week we saw Google's parent company Alphabet (NASDAQ: GOOGL) closing with a market valuation of $1.02 Trillion and entering the exclusive Trillion Dollar tech market club. Alphabet now joins Microsoft (NASDAQ: MSFT) currently trading at $167 per share with a $1.27 Trillion market capitalization and Apple trading at $318.7 per share with a market cap of $1.40 Trillion. Alphabet has now joined this exclusive club on the back of an exemplary run over the past year.
Boeing (NYSE: BA) has started the year on the wrong footing. BA continues to make headlines for all the wrong reasons. Over the past year, Boeing stock has lost 6.3% of its value. In contrast, its competitor, in a market that is pretty much a duopoly, has gained 45.6%. This divergent performance reflects various negative developments and challenges that Boeing has had to deal with since early 2019. 2019 was already
Tesla started 2020 on a high reporting that it has delivered 367,500 vehicles in 2019. This exceeds the forecast of 360,000 deliveries made in October. Wall Street exhibited a renewed optimism in Tesla, in contrast to the damp sentiment of early 2019, driving Tesla's stock to a high of ~ $425 a share. Tesla's stock is up more than 50% from the year before. This impressive run-up is despite the stock
Netflix (NFLX) was the best performing stock of the last decade delivering a whopping 4,181% return outperforming all the current members of the S&P. To put things in perspective, the index as a whole returned a respectable but distant return of ~189% over the past 10 years. Netflix currently valued at ~$148 billon, delivered this impressive return within the past 10 years after a rather modest start with a few