After all, even as earnings continue to roll in, there is no clear indication of how companies will perform this quarter.
While not all companies are made equal, nor do they operate in the same space, volatility remains rampant.
He notes that yesterday’s gains are arguably volatility in the “right direction,” Sosnick continues by saying, “But we’re going to have to get used to bigger moves in both directions.
In it, the streaming industry titan posted earnings of $3.53 per share on revenue of $7.87 billion.
However, our relatively high household penetration — when including the large number of households sharing accounts — combined with competition, is creating revenue growth headwinds.” On this front, the company is planning to crack down on password-sharing households with additional fees.
According to CEO Reed Hastings, the company supports “consumer choice, and allowing consumers who would like to have a lower price and are advertising-tolerant.” Nevertheless, NFLX stock will likely be in the limelight today.
However, it is important to note that the company is moving forward from a rather solid year in terms of performance.
For a sense of scale, Tesla projects that the factory will eventually boast an annual production rate of 500,000 vehicles.
Following his $43.4 billion takeover offer for the social media firm, investors could be wondering how Musk will finance the purchase.
This is surprising seeing as sky-high inflation continues to rear its head across most facets of daily life.
Their loan balances are down, they have plenty of borrowing capacity and they have plenty of spending capacity.” For one thing, this would be backed up by BofA’s earnings beats from yesterday, fueled by solid credit quality from its borrowers.
At the same time, it is boasting a total revenue of $14.2 billion, exceeding analyst estimates of $13.85 billion.
The likes of which are up by 13% year-over-year, totaling $4.83 billion and beating Wall Street expectations of $4.6 billion.
Prices of penny stocks, cryptocurrencies and other financial instruments are extremely volatile and may be affected by external factors such as financial, promotion, regulatory and political events.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Stockmarket.com and/or the data provider.