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    • Breaking News
    Nov 1, 2024
    • Apple Inc. decreased 1.8% to $221.85 after the computing device maker reported sales and earnings that surpassed market expectations. Net income declined after the company paid a one-time charge linked to a tax levy imposed by the European Union's agency. 

      Revenue in the fiscal fourth quarter ending in September increased 6% to $94.9 billion from $89.5 billion, net income fell to $14.7 billion from $22.95 billion, and diluted earnings per share dropped to 97 cents from $1.46 a year ago. 

      Net sales in Americas increased to $41.7 billion from $40.1 billion, in Europe jumped to $24.9 billion from $22.4 billion, and in Greater China edged down to $15.03 billion from $15.08 billion, a year ago, respectively. 

      iPhone sales surged to $46.2 billion from $43.8 billion, Mac sales rose to $7.6 billion from $7.6 billion, and services revenue increased to $24.9 billion from $22.3 billion a year ago, respectively. 
      • Oct 31, 2024
      • Visa Inc. increased 3.3% to $291.02 after the payment processor reported better-than-expected quarterly results. 

        Net revenue in the fiscal fourth quarter ending in September increased 12% to $9.6 billion from $8.6 billion, net income advanced 14% to $5.3 billion from $4.7 billion, and diluted earnings per share rose 17% to $2.65 from $2.27 a year earlier. 

        In the quarter, payment volume jumped 8%, processed transactions rose 10%, and cross-border volume advanced 13% from a year ago, respectively. 

        The company declared a cash dividend of 59 cents per share payable on December 2 to all shareholders on record on November 12. 

        During the quarter, the company repurchased 22 million of its Class A common stocks for an average price of $270.85, or $5.8 billion. 
        • Booking Holdings increased 6.3% to $4,745.43 after the online reservation company's adjusted earnings in the latest quarter surpassed market expectations. 
          • Starbucks Corp. increased 2.4% to $95.94 after the coffee chain operator reported sharply lower-than-expected revenue and earnings in its latest quarter amid demand weakness in the U.S. and China. 

            Global comparable same-store sales plunged 7% in the fiscal fourth quarter. 
            • Uber Technologies dropped 9.9% to $71.77 after the ride-hailing service provider reported strong quarterly earnings but gross bookings disappointed investors. 
              • Carvana Co. jumped 20.4% to $249.39 after the used car dealer reported sharply higher sales and earnings. 

                The company also lifted its full-year earnings outlook, and added results are expected to surpass the high end of its previous estimate. 
                • Microsoft Corp. declined 4.8% to $411.89 after the software company reported strong quarterly results, but the company's revenue outlook for the current quarter fell short of investor expectations. 

                  Microsoft estimated revenue in the fiscal second quarter to range between $68.1 billion and $69.1 billion.
                  • Oct 30, 2024
                  • Advanced Micro Devices dropped 8.9% to $151.43 after the company's quarterly results and guidance fell short of investor expectations. 

                    Third quarter revenue increased 18% to $6.8 billion from $5.8 billion, net income advanced 158% to $771 million from $299 million, and diluted earnings per share rose to 47 cents from 18 cents a year ago. 

                    The company estimated a fourth quarter revenue increase of 22% from a year ago to $7.5 billion and a non-GAAP gross margin of 54%. 
                    • Super Micro Computer plunged 31% to $33.95 after the company's auditors, Ernst & Young, resigned, citing material weakness in internal control. 

                      The company has still not released its financial statements for this year, and the company is reportedly under federal investigation. 

                      “We are resigning due to information that has recently come to our attention, which has led us to no longer be able to rely on management’s and the Audit Committee’s representations,” Ernst & Young said in their resignation letter. 
                      • Chipotle Mexican Grill declined 7% to $56.24 after the fast food chain operator reported weaker-than-expected same store sales growth and revenue in the third quarter. 

                        Third quarter revenue increased 13% to $2.8 billion from $2.5 billion, net income advanced to $387.4 million from $313.2 million, and diluted earnings per share rose to 28 cents from 23 cents a year ago. 

                        Same-store sales growth in the quarter slowed sharply to 6% from 11.2% in the previous quarter. 

                        During the third quarter, the company repurchased $488.1 million of stock at an average price per share of $54.55, and $1.1 billion remained available at the end of the period.