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Procter & Gamble’s stock fell by 0.8% following a weaker-than-expected revenue report, with revenue coming in at $21.74 billion compared to analysts’ estimates of $21.91 billion. The miss was attributed to lower demand in China, despite adjusted earnings per share beating estimates at $1.93.
Netflix saw its shares increase by 6.3% after surpassing Wall Street’s third-quarter expectations, reporting earnings per share of $5.40 on revenue of $9.83 billion.
CVS Health experienced an 11% drop in shares after announcing a new CEO and providing guidance for third-quarter adjusted earnings below analysts’ expectations.
WD-40’s shares fell by 4% following a disappointing fiscal fourth-quarter earnings report, with earnings per share and full-year guidance falling short of estimates.
Western Alliance Bancorp’s stock dropped more than 4%, despite posting revenue above expectations, as net interest income fell in the third quarter.
American Express’s shares decreased by 3.4% on a mixed earnings report, with revenue falling short of forecasts but earnings per share exceeding expectations.
Apple’s stock rose by 2% after reports of a 20% increase in iPhone sales in China.
Coherent’s shares tumbled over 5% after being downgraded by B. Riley, while SLB’s stock dipped 1.7% following third-quarter revenue falling short of estimates.
Intuitive Surgical’s stock rose by over 6% after beating expectations on both top and bottom lines in the third quarter.
Ally Financial saw its stock fall nearly 1% despite beating analysts’ estimates in the third quarter.
Crown Holdings’ stock rose more than 4% after raising its full-year guidance, while Comerica’s shares ticked up nearly 1% following a stronger-than-expected third-quarter report.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.