The corporate earnings season is in full swing and Twitter so far is its biggest winner, according to data compiled by Bespoke Investment Group.Other companies that have had strong reactions to their earnings reports are Hasbro, Adtran and ManpowerGroup. Hasbro shares rallied 14.2%, while Adtran and ManpowerGroup surged 14% and 11.6%, respectively.
Not all companies have fared this well after releasing their quarterly reports, however. For example, Astec Industries — a company that makes machines for asphalt road building — fell 26% after reporting earnings, the worst reaction to quarterly results from any company that has reported so far. Shoemaker Sketchers U.S.A. also dropped 10.4% on the back of its earnings report, while Canadian cannabis company Aphria plunged nearly 15% on the back of its results. Bank of New York Mellon, meanwhile, fell 9.5%.
More than a third of S&P 500 companies have reported calendar first-quarter earnings so far, with most of them topping analyst expectations. Investors anxiously awaited this corporate earnings season as they worried that profits could contract on a year-over-year basis.
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cramer Remix: Stocks are bearing the fruits of fear this earnings seasonJim Cramer dishes on how low expectations have set the scene for positive first-quarter earnings.
Source: CNBC - 🏆 12. / 72 Read more »
These stocks are the biggest winners in the market's incredible rebound back to a recordStocks have come all the way back, ending one of their fastest and fiercest round trips in history. Here are the front-runners in this epic comeback.
Source: CNBC - 🏆 12. / 72 Read more »
Cramer's game plan: Overvalued IPOs can dim a positive earnings seasonJim Cramer breaks down the week ahead in earnuings and stock trading.
Source: CNBC - 🏆 12. / 72 Read more »
Cramer Remix: Big banks have kicked off earnings season in a surprising fashionJim Cramer details how the group is doing better than expected and remains cheap even after the latest leg higher.
Source: CNBC - 🏆 12. / 72 Read more »
Asia markets poised to gain as earnings season stateside kicks into high gearCrude prices surged to nearly six-month highs on Monday after the Trump administration announced that all oil buyers would need to cease imports from Iran by early May.
Source: CNBC - 🏆 12. / 72 Read more »
EBay stock rallies more than 5% on quarterly earnings beat, increased guidanceShares of EBay Inc. rose more than 5% in the extended session Tuesday after the company reported a first-quarter adjusted profit above Wall Street...
Source: MarketWatch - 🏆 3. / 97 Read more »
Airline Stocks at Crossroads Ahead of EarningsAirline shares are set to face their next major test in the coming days. Southwest Airlines Co., Alaska Air Group Inc. and American Airlines Group Inc. are all scheduled to report quarterly results. Please non-pay wall article on Twitter
Source: WSJ - 🏆 98. / 63 Read more »
Chipotle stock falls after topping Wall Street earnings expectationsChipotle Meixcan Grill Inc. shares fell less than 1% in the extended session Wednesday after the company topped Wall Street estimates. The company reported...
Source: MarketWatch - 🏆 3. / 97 Read more »
Intuitive Surgical stock falls after earnings missIntuitive Surgical Inc. shares dropped in the extended session Thursday after the surgical robot maker's quarterly results fell short of Wall Street...
Source: MarketWatch - 🏆 3. / 97 Read more »
Facebook earnings account for expected multibillion-dollar FTC fine, but stock still gainsFacebook Inc. shares jumped in late trading Wednesday, even as the company said it expects to pay a multibillion-dollar fine to the Federal Trade Commission. Very surprising, it's become a waste of time for millions of users because of all the censorship. Tick tock is a much better app for entertainment and there are numerous news curator apps much better than facebooks limited hangout. Faceberg has turned into MySpace...
Source: MarketWatch - 🏆 3. / 97 Read more »