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Economic Updates

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Economic Updates

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JD.com Q3 numbers exceed expectations

JD.com Inc. (JD) announced its third-quarter earnings numbers on Thursday, beating analyst estimates. The Chinese e-commerce company reported revenue of $33.91 billion in the third-quarter (up by 25.5% from the same period last year) vs. forecast of $33.345 billion. Earnings per share at $0.49 a share vs. $0.31 a share expected. Lei Xu, Pr...

November 19, 2021
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Macy’s blows past Wall Street expectations in Q3

Macy’s Inc. (M) posted its third-quarter results on Thursday. The US retailer which consist of three retails brands – Macy’s, Bloomingdale’s and Bluemercury posted better than expected results in previous quarter, sending the stock price higher. The company reported revenue of $5.44 billion in Q3 vs. $5.199 billion expected. Earnings ...

November 19, 2021
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Alibaba financial numbers fall short of expectations

Alibaba Group Holding Ltd. (BABA) reported its latest financial results for the quarter ended September 30, 2021 before the market open on Thursday. The Chinese e-commerce giant posted disappointing results, falling short of analyst expectations. The company reported revenue of $31.123 billion (up by 29% year-over-year) vs. $31.658 billion expec...

November 19, 2021
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NVIDIA beats expectations in Q3

NVIDIA Corp. (NVDA) reported its third-quarter financial results after the closing bell on Wednesday. The US technology company beat Wall Street expectations on both revenue and earnings per share. NVIDIA reported a record revenue of $7.103 billion in the third-quarter (up by 50% year-over-year and 9% up from the previous quarter) vs. $6.821 ...

November 19, 2021
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Walmart tops Wall Street expectations

Walmart Inc. (WMT) reported its third-quarter earnings before the market open on Tuesday. The largest retailer in the world beat Wall Street analyst expectations. Total revenue was at $140.5 billion in the quarter (up by 4.3% year-over-year) vs. $135.427 billion expected. Earnings per share at $1.45 a share (up by 8.2% year-over-year) vs. $1....

November 17, 2021
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NIO Q3 results are in

NIO Inc. (NIO) reported its third-quarter financial results after the closing bell on Tuesday. The Chinese electric car maker reported revenue of $1.52 billion in Q3 – a 116.6% increase from the same period year and 16.1% increase from Q2 vs. analyst estimate of $1.43 billion. The company reported loss per share of $0.06 a share for the previo...

November 11, 2021
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Beyond Meat Q3 numbers fall short of expectations

Beyond Meat Inc. (BYND) reported its third-quarter financial results after the closing bell on Wednesday. The plant-based company posted disappointing results, falling short of Wall Street analyst expectations. The company reported revenue of $106.4 million (12.7% increase year-over- year) vs. $109.2 million expected. Loss per share at $0.87 a s...

November 11, 2021
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PayPal reports Q3 results

PayPal Holdings Inc. (PYPL) reported its third-quarter financial results after the closing bell on the Monday. The company reported revenue of $6.18 billion (13% increase year-over-year) in Q3, below $6.23 billion expected by the analysts on Wall Street. Earnings per share at $1.11 per share (4% increase year-over-year) vs. $1.07 per share expec...

November 9, 2021
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Moderna doesn’t get the boost – Q3 earnings fall short

Moderna (MRNA) reported their Q3 financial results before the opening bell on Thursday. The pharmaceutical company posted disappointing results below Wall Street analyst expectations. The company reported total revenue of $4.97 billion vs. $6.21 billion expected. Earnings per share at $7.70 a share vs. $9.05 a share expected. It also downgrad...

November 5, 2021
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Uber earnings have arrived

Uber Technologies Inc. (UBER) reported their third-quarter earnings after the closing bell on Thursday. The company reported revenue of $4.8 billion (up by 72% year-over-year) vs. $4.4 billion expected by the analysts on Wall Street. Loss per share was above analyst predictions at $1.33 per share vs. $0.33 loss per share expected. Gross booki...

November 5, 2021
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Q3 results give Pfizer a boost

Pfizer posted their third-quarter financial results before the opening bell on Tuesday. The pharmaceutical giant beat Wall Street estimates. Pfizer reported total revenue of $24.10 billion in Q3 vs. $21.09 billion expected. Earnings per share at $1.34 a share vs. $1.03 a share estimate. Dr. Albert Bourla, Chairman and Chief Executive Officer,...

November 3, 2021
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NIO October delivery numbers are in

NIO reported its latest delivery numbers for October before the opening bell on Monday. The company delivered 3,667 cars last month, a 27.5% decrease year-on-year. The ''Chinese Tesla'' highlighted that the delivery results were impacted by restructuring and upgrades of manufacturing lines as well supply chain issues. The deliveries in Octobe...

November 2, 2021
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Apple reports Q3 results

Apple reported their Q3 financial results after the closing bell on Thursday, missing Wall Street analyst expectations. The company reported revenue of $83.36 billion on the third-quarter (up by 29% year-over-year), below analyst forecast of $84.85 billion. Earnings per share at $1.24 a share, in line with the forecast. iPhone revenue at $3...

October 29, 2021
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Mastercard Q3 numbers are in

Mastercard reported their financial results for Q3 before the opening bell on Thursday. The company beat Wall Street expectations – let’s take a closer look at the numbers. The financial services company reported net revenue of $5 billion in the third-quarter of 2021, up by 30% year-on-year. Earnings per share at $2.37 per share vs. $2.19 a ...

October 29, 2021
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I’m lovin’ it – McDonald’s tops Q3 expectations

McDonald’s reported their third-quarter financial results before the opening bell on Wednesday, topping Wall Street analyst expectations. The fast-food company reported total revenue of $6.20 billion in the quarter vs. $6.04 billion expected. Earnings per share at $2.76 a share vs. $2.46 a share forecasted. The company also reported a 7% in...

October 28, 2021
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