ADVFN US – Market Content Editor
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LG Display, After 4 Consecutive Quarters Of Loss, Expected To Turn To Profit In H2
LG Display (NYSE:LPL) announced on Wednesday that it will improve its second half performance by upgrading its business structure centered on ‘order-based business’ after four consecutive quarterly losses. LG Display (KOSPI:034220) disclosed that its sales for the first quarter of 2023 were KRW 4.411 trillion (approximately $3.3 billion) and an operating loss of KRW 1.984…
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Chipotle Beats Q1 Earnings on Price Hikes, New Store Openings
Chipotle Mexican Grill Inc. reported first-quarter earnings and revenue on Tuesday to beat Wall Street estimates, buoyed by higher menu prices, the opening of 41 new restaurants and some recovery in consumption by lower-income customers. The announcement sent the stock skyrocketing in after-hours trading. The company said it expects mid- to high-single digit growth in…
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North American Morning Briefing: Microsoft Rally Lifts Nasdaq
Market Wraps Watch For: Durable Goods Orders for March; Advance Economic Indicators Report for March; EIA Weekly Petroleum Status Report; Bank of Canada summer of monetary policy deliberations; Goldman Sach annual shareholders meeting; Earnings from Boeing, Meta Platforms, Mattel Opening Call: Stock futures rose Wednesday as a surge in Microsoft shares boosted broader market sentiment.…
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Global Pharmaceutical Giant GSK’s Q1 Results Beat Expectations
Global biopharmaceutical company GSK (LSE:GSK) beat expectations for first-quarter revenue and profit on Wednesday, buoyed by sales of its blockbuster shingles vaccine Shingrix. The London-listed pharmaceutical company reported adjusted earnings of 37 pence per share on sales of around £7 billion ($8.7 billion). The consensus of analysts compiled by the company was expecting 33.2 pence…
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MS jumps in after-hour trade on better-than-expected Q3 earnings
Microsoft (MS) said on Tuesday that its third-quarter revenue and earnings beat Wall Street expectations, driven by growth in its cloud computing and office productivity software businesses. The announcement sent shares higher in after-hours trading. Microsoft reported earnings per share of $2.45. Data from Refinitiv showed that it was above the Wall Street estimate of…
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Enphase Energy’s Q2 Sales Outlook Disappoints, Stock Plummets
US solar company Enphase Energy reported market-beating earnings in the first quarter on strong sales in Europe, but the share price tumbled in after-hours trading on Tuesday as second-quarter sales outlook was expected to be below Wall Street projections. The Fremont, Calif.-based company forecast second-quarter revenue between $700 million and $750 million. That’s below Refinitiv’s…
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Glencore’s Target, Teck Resources Misses Q1 Earnings Expectations
Canada’s largest mining company, Teck Resources, reported weaker-than-expected first-quarter results on Wednesday due to lower product prices, weak copper and zinc sales and higher costs. The company is also a known acquisition target for Swiss raw materials giant Glencore (LSE:GLEN). Teck (NYSE:TECK) reported adjusted earnings per share of C$1.81 for the three months ended March…
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US Futures Rise, European Stocks Decline
In the U.S., futures for the S&P 500 were up 0.4% and futures for the Dow Jones Industrial Average climbed 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.5% in morning trading. Kindred Group SDR rose 9% and Temenos added 8%. On the…
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News Highlights: Top Company News of the Day
Standard Chartered’s Profit Rises on Jump in Interest Income The Asia-focused bank said first-quarter net profit rose 10%, driven by sharply higher interest income as global central banks continued to raise interest rates. Roche Sales Hit by Lower Covid Test Demand Roche backed its outlook for the year despite posting lower first-quarter revenue of EUR15.3…
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Google Ad Revenue Drops, Microsoft Shares Climb On Stronger-Than-Expected Growth
Google Ad Revenue Drops for Second Straight Quarter The search giant (NASDAQ:GOOGL) is trying to jump-start growth amid a volatile digital ad market and competition in AI. Microsoft Shares Climb After It Posts Stronger-Than-Expected Growth The software giant’s (NASDAQ:MSFT) cloud computing business has decelerated as companies become more cautious. Visa earnings top expectations as payment…