Shares of technology companies experienced an uptick following impressive earnings results from a major player in the industry. Amazon.com saw a rally in its shares after reporting third-quarter sales growth that surpassed Wall Street's expectations. Market investors and traders had high hopes for the tech giants, despite rising costs of capital across various sectors. … [Read more...] about Technology Companies See Stock Market Boost After Strong Earnings
earnings
Livent Corp. Misses Expectations and Lowers Guidance for the Year
Shares of Livent Corp. (NYSE: LTHM) experienced a significant drop of more than 4% in the extended session on Tuesday following the release of their third-quarter results. The lithium-ore mining company failed to meet Wall Street expectations and subsequently lowered its guidance for the year. In the third quarter, Livent reported earnings of $87.4 million, or 42 cents per … [Read more...] about Livent Corp. Misses Expectations and Lowers Guidance for the Year
BioNTech Surprises with Strong Earnings in Q3
BioNTech, the German pharmaceutical company known for its collaboration with Pfizer on the development of a Covid-19 vaccine, has surpassed market expectations with its third-quarter earnings. Despite analysts anticipating a loss, BioNTech reported earnings per share of 0.67 euros (72 cents). While the figures were lower compared to the previous year, the company's revenue also … [Read more...] about BioNTech Surprises with Strong Earnings in Q3
Rivian’s Quarterly Earnings Update
Rivian Automotive Inc. is scheduled to announce its quarterly earnings on Tuesday after the bell. This update comes after the company's controversial decision to offer $1.5 billion worth of convertible debt, which received backlash from investors. Additionally, Rivian will soon face competition from Tesla Inc., which plans to release its electric pickup truck, the Cybertruck, … [Read more...] about Rivian’s Quarterly Earnings Update
Air Products & Chemicals Inc. Reports Q4 Profit Above Expectations
Air Products & Chemicals Inc. (APD) announced its fiscal fourth-quarter results on Tuesday, with net income rising to $692.6 million, or $3.11 per share, compared to $583.1 million, or $2.62 per share, in the same period last year. The adjusted earnings per share of $3.15 surpassed the FactSet consensus of $3.11. Revenue Falls Below Expectations However, the company's … [Read more...] about Air Products & Chemicals Inc. Reports Q4 Profit Above Expectations
