Amazon.com Inc. shares fell Thursday, Oct. 27, as the company forecasts lower profits for the current quarter of 2022. Reuters reports that early holiday marketing often fails to boost sales, while labor and shipping costs are rising.
Intel downgrades its 2022 forecast for the second time. In the first quarter, one share brought in $0.59 in profit.
McDonald's earnings results for the third quarter of the year were released on Thursday and exceeded analysts’ expectations due to the company’s marketing strategy and higher prices on the menu.
Shares of Honeywell International Inc. rose more than 3% after the company raised its profit forecast for the full year and stressed that it has "confidence" in the demand for its products, despite difficult economic conditions.
On Thursday, an American chipmaker Intel Corp announced the cut of the company’s profit and revenue forecasts for a full financial year, and also the staff reductions. At the same time, the company’s personal computers segment demonstrated higher-than-expected results.
Ford Motor Co. reported earnings for the third quarter of 2022, Reuters said. The indicators showed an increased net loss for the company following a burden-shifting from Argo AI's self-driving business.
On Thursday, McDonald's is expected to release its earnings report for the third quarter of 2022 before the opening of trading.
On Wednesday, Harley-Davidson Inc announced its higher-than-expected earnings for the 3rd quarter. As a result, the company’s stock has grown, also spurred by increased consumer demand for some popular motorcycle models, as well as by the rise in prices during the summer season.
Until recently, Alphabet could please the bulls with reports of high, above-expected sales and income levels, however, it didn’t last long.
On Tuesday, Visa Inc. reported quarterly financial results that beat analysts' estimates. According to Bloomberg, a stronger dollar made it possible for more Americans to travel to other countries and led to a surge in spending on shopping and entertainment.
