During Market hours Yesterday — (Wednesday – 27.10.2021):
- The Dow (Symbol: DIA) lost 0.7%. The S&P 500 (Symbol: SPY) went down 0.44% and the Nasdaq (Symbol: QQQ) rose 0.23%.
- Coca-Cola (Symbol: KO) — Shares of Coca-Cola gained 1.9% after the beverage giant’s quarterly results beat on both top and bottom lines. Coca-Cola reported adjusted earnings of 65 cents per share, 7 cents higher than the Refinitiv consensus estimate.
- McDonald’s (Symbol: MCD) — McDonald’s shares ran up 2.7% after the fast-food chain beat earnings estimates. The company reported adjusted quarterly earnings of $2.76 per share, compared with the anticipated $2.46 per share.
- Boeing (Symbol: BA) — Shares of Boeing dipped 1.5% after a wider-than-expected quarterly loss. The aircraft maker posted an adjusted quarterly loss of 60 cents per share, compared with 20 cents per share expected. Revenue also missed expectations.
- General Motors (Symbol: GM) — GM shares fell 5.4% despite an earnings beat. The automaker posted profit of $1.52 per share on revenue of $26.78 billion, while Wall Street expected earnings of 96 cents per share on revenue of $26.51 billion.
- Harley-Davidson (Symbol: HOG) — Shares of the motorcycle manufacturer jumped 3.6% after it reported its quarterly results. The company reported $1.18 per share in adjusted diluted earnings per share, compared to analysts’ estimate of 77 cents per share, according to FactSet. Harley also topped revenue forecasts.
- Spotify (Symbol: SPOT) — Spotify shares rose 8.3% after the audio streaming service posted a wider-than-expected quarterly loss, but revenue and user growth topped estimates. The company said its podcast segment boosted revenue.
- Microsoft (Symbol: MSFT) — Shares of the tech giant popped 4.2% following a stronger-than-expected quarterly report. Microsoft reported adjusted earnings of $2.27 per share for its fiscal first quarter, exceeding analysts’ estimates of $2.07 per share, according to Refinitiv. Total company revenue climbed almost 22% year over year, marking the fastest growth since 2018.
- Alphabet (Symbol: GOOG) — Shares of Alphabet gained 5% after the Google-parent company beat on earnings. Alphabet reported earnings of $27.99 per share, compared with $23.48 expected, according to Refinitiv. Management said Apple’s privacy features only had a “modest impact” on YouTube revenues.
- Twitter (Symbol: TWTR) — Shares of Twitter fell 10.8% despite the company’s third-quarter report, which met analysts’ expectations for revenue and user growth. Twitter also said Apple’s privacy changes had less of an impact than expected.
- Robinhood (Symbol: HOOD) — Shares of the brokerage slipped 10.4% after Robinhood reported a top and bottom line miss for its third-quarter earnings and delivered a bleak outlook for the current quarter. Revenue was dragged down by a slowdown in crypto trading and Robinhood warned that the headwinds in trading will persist into year-end. The stocks is now trading below its IPO price of $38 per share.
- Visa (Symbol: V) — The payments giant saw shares fall 6.9% after it issued a conservative revenue outlook during as part of its quarterly earnings report. Visa brought in $1.62 per share, beating expectations by 8 cents. It also exceeded revenue expectations, thanks to an increase in online and travel spending.
- Enphase Energy (Symbol: ENPH) — Shares of the solar company surged 24.7% after Enphase reported record revenue during the third quarter. The microinverter maker posted sales of $351.5 million during the period, which was up 11% quarter over quarter. Enphase also issued upbeat guidance for the current quarter.
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