Informa PLC lifted its annual revenue outlook and expanded its stock buyback plan. Hill & Smith confirmed an annual operating earnings outlook near the upper end of the estimated range. Glencore agreed to acquire a majority stake in a Canada-based coal mining business.

Wynn Resorts reported mixed quarterly results after a weaker-than-expected rebound in China and a decline in revenue at its Boston casino. Trade Desk estimated transitory softness in advertising spending by clients in the automotive and consumer electronics verticals. Doximity lifted its annual revenue estimate.

DOCS WYNN TTD
Lyft reported a strong demand for rides in the third quarter but offered a muted growth outlook in the current quarter. The rebound in travel to Macau, China, lifted MGM's quarterly revenue. Disney said it plans to expand its cost-cutting program.

LYFT MGM DIS ARM
Robinhood Markets said transaction revenue in the quarter declined on weak stock and crypto trading. Rivian Automotive lifted its annual production outlook. Roblox reported a surge in daily active users.

HOOD TOST RIVN EBAY RBLX
Uber Technologies reported healthy growth in gross bookings for its transportation and delivery services. Tripadvisor reported a rebound in quarterly revenue. WeWork filed for Chapter 11 bankruptcy protection and negotiated expensive commercial leases.

UBER TRIP WE
Bluegreen Vacations agreed to be acquired by Hilton Grand Vacations. Dish Network swung to a quarterly loss and announced the departure of its chief executive. Berkshire Hathaway reported a surge in quarterly earnings.

BRK-A DISH C

U.S. Movers: Apple, BMW, Starbucks

Nov 3, 2023
Scott Peters
Apple reported its fourth quarterly sales decline in a row, but service revenue soared to a record high. BMW said quarterly net income declined. Starbucks said pricier drinks and store expansion drove quarterly performance.

AAPL SBUX


Airbnb reported strong sales in third quarter but forecasted weaker growth in the fourth quarter. Solar Edge estimated weakening sales trend to continue in the fourth quarter. Qualcomm signaled a possible recovery in advanced chip market.

ABNB PTON EA DASH QCOM SEDG
Lufthansa AG said revenue and earnings jumped in the third quarter on higher demand for international travel. Hugo Boss reiterated its annual outlook. BT plc reported better-than-expected quarterly results. Shell Plc launched its stock buyback plan.

WeWork is expected to file Chapter 11 bankruptcy protection. Match Group forecasted weak revenue growth in the fourth quarter. AMD estimated stronger revenue growth in fiscal 2024. Wayfair struggled with weak demand for household goods.

PAYC CZR AMD MTCH WE W
Pfizer swung to a net loss in the quarter because of a write-down related to COVID products. Caterpillar said fourth-quarter sales are likely to be slightly higher than a year ago. Arista Network reported a strong increase in sales and earnings.

ANET CHWY PFE CAT JBLU SPG
Amazon reported higher quarterly sales, partly driven by a rise in e-commerce sales. Intel's fourth-quarter forecast was ahead of expectations. Chipotle Mexican Grill reported sustained same-store quarterly sales and improving margins.

AMZN CMG CVX XOM BJRI AN HTZ CBRE INTC
UPS lowered its annual revenue outlook after a series of disruptions and strikes and narrowed its adjusted operating margin. Meta Platforms warned of softening advertising revenue growth in the current quarter. Royal Caribbean said demand for cruise travel is running ahead of pre-pandemic levels and at higher prices.

AMP HAS RCL URI BMY META LUV UPS
Microsoft reported strong revenue and earnings growth in its latest quarterly results. Google reported a surge in search and advertising revenue, but cloud segment growth lagged expectations. Boeing said quarterly losses shrank.

BA GOOG HCA SNAP CSGP MSFT MCO


Coca-Cola lifted annual outlook on rising beverage volume sales. GM withdrew its annual estimate citing ongoing UAW workers strike. Spotify Technology met revenue expectations. RTX quarterly results were stronger-than-expected.

KO GE SPOT PACW HAL GM RTX MLI NVR