The US stocks added to their woes today with declines across the board once again. The major indices closed lower for the 4th consecutive day. The Nasdaq is down -7.64% from the October 26 high. The S&P index is -4.91% from the November 1 high. The Dow is fairing the best with a decline fo -3.22% from its cycle high reached just yesterday.
For today, the final numbers are showing:
- Dow industrial average fell -146.51 points or -0.46% at 32001.26
- S&P fell -39.80 points or -1.06% at 3719.85
- Nasdaq fell -181.85 points or -1.73% at 10342.95
- Russell 2000 fell -9.407% or -0.53% at 1779.72
In the after hours, Starbucks is reporting better-than-expected earnings:
- earnings -per-share $0.81 versus $0.72 expected
- revenues $8.41 billion which is higher than the $8.31 billion expected
- Starbucks shares are up 1.5%
Amgen earnings beat on both bottom and top line:
- EPS came in at $4.70 versus $4.44 expected
- Revenues were short of expectations at $6.65 billion versus $6.56 billion expected
Warner Bros. earnings came in much worse than expected:
- EPS $-0.95 versus expected $-0.21
- revenues nine $22 billion versus $10.36 billion expected
Coinbase earnings were worse than expectations:
- EPS $-2.43 versus $-2.40 expected
- revenues $590 million versus 654 million estimate
- transaction revenue came in at $366 million versus $480 million expected
- monthly users came in and 8.5 million which is 6% below last quarter
- Coinbase shares are down -0.9% sent
Doordash earnings came in mixed.
- EPS came in at $-0.77 versus $-0.60 expected
- Revenues $1.70 billion versus $1.63 billion expected
- door – shares are up 13.42%
Paypal beat on the top and bottom line:
- EPS $1.08 vs $0.96
- Revenue $6.85B vs $6.8B
- PayPal shares are trading at $67.72 after closing at $76.55. That's down around -10.8%
Twillio earnings come in better but the outlook for Q4 is weak
- EPS comes in at $-0.27 versus $-0.36 estimate
- revenues come in at 983 million versus 972 million estimate
- company issues weak Q4 revenue outlook
