Apple, Block, Bill, Fortinet, Expedia, DraftKings, and More Stock Market Movers

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Apple's forecast for the holiday quarter disappoints, Block stock surges on strong guidance, and Bill Holdings slumps after a weak outlook from the financial...

Stock futures pointed mostly to the downside Friday after Apple issued a disappointing revenue forecast for the holiday quarter and Wall Street awaited the release of the U.S. jobs report for October.Apple reported slightly better-than-expected fiscal fourth-quarter earnings and revenue, but the tech company’s outlook for the first quarter—the holiday quarter—was short of Wall Street’s expectations. Fourth-quarter earnings of $1.46 a share topped estimates of $1.39, while revenue of $89.

Bill Holdings dropped 32% after the financial platform for small and midsize businesses issued a weak forecast for its fiscal second quarter and cut its full-year revenue forecast. For the fiscal second quarter, Bill said it expects revenue of between $293 million and $303 million, and earnings of 35 cents to 44 cents a share. Wall Street was estimating revenue of $319 million and profit of 48 cents a share.

Online travel agency Expedia said its board authorized a $5 billion stock buyback program and it reported better-than-expected third-quarter adjusted profit and revenue. Shares rose 11%. Paramount Global , the film, entertainment, and streaming company, reported third-quarter adjusted earnings that beat Wall Street expectations. Paramount said it “continues to progress on the path to streaming scale and profitability.” Shares rose 4.3%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fortinet's stock slides after earnings as guidance misses the mark yet againPalo Alto Networks, Zscaler stocks dip after Fortinet’s results
Source: MarketWatch - 🏆 3. / 97 Read more »