Day: October 25, 2022
3M Co. MMM, +1.34% shares fell 1.9% in premarket trades on Tuesday after the company fell short of revenue estimates and cut its 2022 profit view on economic headwinds, although it delivered stronger-than-expected quarterly results. 3M’s third-quarter profit more than doubled to $3.86 billion, or $6.77 a share, from $1.43 billion, or $2.45 a share, […]
Shares of Xerox Holdings Corp. XRX, -0.93% sank 6.5% in premarket trading Tuesday, after the copier and other workplace hardware company reported third-quarter profit that was less than half what was expected, citing “persistently high inflation and supply chain constraints, and lowered its full-year outlook. The company swung to a net loss of $383 million, […]
Shares of General Electric Co. GE, +0.74% dropped 3.2% in premarket trading Tuesday, after the industrial conglomerate reported third-quarter profit that fell below expectations while revenue beat, and free cash flow (FCF) that topped $1 billion to beat forecasts by wide margin. The company swung to a net per-share loss of 21 cents, after earnings […]
Polaris Inc. PII, +1.88% said Tuesday its third-quarter net income rose to $186.3 million, or $3.10 a share, from $114.6 million, or $1.84 a share, in the year-ago quarter. Adjusted earnings were $3.25 a share in the latest quarter. Third-quarter revenue increased to $2.34 billion from $1.78 billion. Wall Street analysts expected the Medina, Minn.-based […]
President Joe Biden will unveil a fresh push Tuesday to persuade Americans to get an updated COVID booster ahead of the holiday season, and will stress that boosters are free and offer protection against newer variants that are spreading fast. Biden will receive his own jab and will call on state, local, education and business […]
Halliburton Co. stock HAL, +2.07% rose 1.8% in premarket trade Tuesday, after the energy services company posted better-than-expected earnings for the third quarter. Halliburton had net income of $544 million, or 60 cents a share, for the quarter, up from $236 million, or 26 cents a share, in the year-earlier period. Revenue rose to $5.357 […]
On Tuesday, the currency major remains neutral. The current quote is 0.9880. On the whole, capital markets have been stable for two days already. This, however, might be a still before a storm. The German business sentiment index in October dropped to 84.3 from 84.4 previously. Statistics turned out better than expected but globally gives […]
AUDUSD, “Australian Dollar vs US Dollar” The pair is going above the Ichimoku Cloud, indicating an uptrend. A test of the upper border of the Cloud at 0.6305 is expected, followed by growth to 0.6525. An additional signal confirming the growth will be a bounce off the upper border of the descending channel. The scenario […]
In an open letter, Altimeter Capital’s CEO and founder recommended the tech giant cut its metaverse investments from $10-15 billion a year to $5 billion. 2724 Total views 86 Total shares A shareholder’s open letter to Meta CEO Mark Zuckerberg has labeled the tech giant’s investment into the Metaverse as “super-sized and terrifying.” The shareholder […]
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch
