Daily Market Movers for October 31th, 2019

Published on: 31 Oct, 2019

Daily Market Movers for October 31th, 2019

Daily Gainers:

Facebook, Inc. (NASDAQ: FB) reported its third quarter financial results after the closing bell on Wednesday. The social media giant topped analysts’ earnings and revenue expectations, sending shares higher by 4% shortly after reporting. For the quarter, Facebook reported earnings of USD 2.12 per share on revenue of USD 17.65 Billion. Bloomberg analysts anticipated earnings of USD 1.91 per share on revenue of USD 17.35 Billion.

Apple Inc. (NASDAQ: AAPL) reported its fourth quarter financial results after the closing bell on Wednesday. The Company surpassed revenue and earnings estimates for the quarter, which sent shares 2% higher on Thursday morning. For the quarter, Apple reported earnings of USD 3.03 per share on revenue of USD 64 Billion. Refinitiv analysts expected earnings of USD 2.84 per share on revenue of USD 62.99 Billion.

The Kraft Heinz Company (NASDAQ: KHC) reported its quarterly earnings on Thursday and topped expectations, sending shares higher by 11%. For the quarter, Kraft Heinz reported earnings of USD 0.69 per share on revenue of USD 6.08 Billion. Refinitiv analysts expected earnings of USD 0.54 per share on revenue of USD 6.13 Billion.

Starbucks Corporation (NASDAQ: SBUX) reported its quarterly financial results and beat analysts’ revenue expectations, sending shares higher by 2%. For the quarter, Starbucks reported earnings of USD 0.70 per share, which fell in-line with expectations. Revenue totaled USD 6.75 Billion compared to Refinitiv analysts’ estimates of USD 6.68 Billion.

Daily Losers:

Etsy, Inc. (NASDAQ: ETSY) reported its third quarter financial results after the closing bell on Wednesday. The Company reported in-line earnings, but topped revenue estimates, however, shares tumbled by 17% on Thursday morning. For the quarter, Etsy reported earnings of USD 0.12 per share on revenue of USD 197.94 Million. FactSet analysts polled earnings of USD 0.12 per share on revenue of USD 193 Million.

Wayfair Inc. (NYSE: W) reported its quarterly financial results on Thursday morning and missed analysts’ earnings estimates, which send shares plummeting by 14.7%. For the quarter, Wayfair reported earnings loss of USD 2.23 per share on revenue of USD 2.31 Billion. Earnings were below Zacks Consensus Estimate of earnings loss of USD 2.13 per share, but beat revenue expectations by 1.17%.

Twilio Inc. (NYSE: TWLO) stock tumbled by 12% on Thursday after reporting its quarterly financial results on Wednesday during aftermarket hours. For the quarter, Twilio reported earnings of USD 0.03 per share on revenue of USD 295.1 Million. Refinitv analysts expected earnings of USD 0.01 per share on revenue of USD 287.8 Million. As for Twilio’s guidance, the Company forecasted earnings between USD 0.01 to USD 0.02 per share on revenue in the range of USD 311 Million to USD 314 Million. Refinitiv analysts polled earnings of USD 0.07 per share on revenue of USD 322 Million.

Lyft, Inc. (NASDAQ: LYFT) reported its quarterly financial results during Wednesday extended trading hours. The Company topped analysts earnings and revenue estimates, but shares pulled back by 5% on Thursday morning. For the quarter, Lyft reported earnings loss of USD 1.57 per share on revenue of USD 955.6 Million. Refinitiv analysts expected earnings loss of USD 1.66 per share on revenue of USD 915 Million.

Ratings

Ratings
  • 778Views
  • 0Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

Bryan Shin

Email: Bryan@financialinsiders.com

@Newsletter

Sign Up for Weekly Updates

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!

Related Posts

20 Jun, 2017 1820
27 Jun, 2017 2064
29 Jun, 2017 1858
30 Jun, 2017 1893

Comments

There is no comment on this article