Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Ford, Qualcomm, Ebay: earnings review
Ford: unexpectedly good
Ford unexpectedly reported good Q4’2020 results. The announced EPS of $0.34 is undoubtedly greater than the expected -0.8% - that pushed the share price to $11.50 per share and set this stock on an upward course.
Qualcomm: not amusing
In the meantime, Qualcomm fell short on its performance expectations. With the revenue of $8.23bln against the forecast of $8.27 and the EPS of $2.17 just slightly higher than the estimation of $2.10? it disappointed the market. Consequently, the stock dropped from $165 to below $150.
Ebay: breaking upwards
Ebay’s revenue jumped 28% against the previous year to $2.9bln, and the EPS of $0.83 was better-than-expected. As a result, the stock surged from $58.25 to $64.75 pushing the stock price to beat the all-time highs.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?