McDonald’s fourth-quarter results top expectations; stock falls premarket
McDonald’s Corp.’s fourth-quarter results beat analysts’ top and bottom line expectations Tuesday, although the restaurant chain’s stock fell before market open.
McDonald’s Corp.’s fourth-quarter results beat analysts’ top and bottom line expectations Tuesday, although the restaurant chain’s stock fell before market open.
Preview: Holiday earnings will have to greatly exceed expectations for Amazon to reach an annual profit for the year
Shares of International Flavors & Fragrances Inc. IFF, +1.11% rose 1.11% to $112.46 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.46% rising 1.46% to 4,076.60 and the Dow Jones Industrial Average DJIA, +1.09% rising 1.09% to 34,086.04. International Flavors & Fragrances Inc. closed $30.68 below its 52-week high ($143.14), which the company achieved on February 10th.
Shares of Silvergate Capital Corp. on Tuesday climbed after BlackRock Inc. disclosed a 7.2% stake in the bank.
Several makers of electric vehicles are seeing lower share prices Monday in the wake of announcements from Tesla Inc. and Ford Motor Co. that they would be lowering prices on some EV offerings.
Investors are forgetting the cardinal rule of ‘Don’t Fight the Fed,’ but this week will serve as a reminder: Wilson
Shares of Wells Fargo & Co. WFC, +0.37% inched 0.37% higher to $46.29 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -1.30% falling 1.30% to 4,017.77 and Dow Jones Industrial Average DJIA, -0.77% falling 0.77% to 33,717.09. This was the stock’s fourth consecutive day of gains. Wells Fargo & Co. closed $14.01 below its 52-week high ($60.30), which the company achieved on February 10th.
SEOUL — Samsung Electronics Co.’s 005930, -3.16% fourth-quarter operating profits slumped as the company’s mainstay memory-chip and smartphone businesses grappled with a sharp drop-off in demand and high inventories.
Shares of Adani Group companies were mixed in early trading Monday after the Indian conglomerate hit back at criticisms by U.S. short seller firm Hindenburg Research in a 413-page rebuttal.
Earnings Watch: One analyst expects Apple to join Amazon, Meta, Alphabet and others in cutting jobs, and the results and forecasts delivered this week could help determine whether even more reductions are on the way