{"id":105,"date":"2023-01-25T17:19:58","date_gmt":"2023-01-25T22:19:58","guid":{"rendered":"https:\/\/embarrdowns.com\/?p=105"},"modified":"2023-01-25T17:20:12","modified_gmt":"2023-01-25T22:20:12","slug":"corporate-earnings-reports-move-markets-ahead-of-tesla-and-boeing-earnings","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/corporate-earnings-reports-move-markets-ahead-of-tesla-and-boeing-earnings\/","title":{"rendered":"Corporate Earnings Reports Move Markets Ahead of Tesla and Boeing Earnings"},"content":{"rendered":"

Stocks opened lower on Wednesday as investors digested corporate earnings reports and news from Microsoft Corporation (NASDAQ:MSFT).[0]<\/a><\/sup> The software giant edged past expectations with its fourth-quarter adjusted earnings per share, which fell from last year to reach $2.32, beating estimates by a penny. However, revenue rose just 2% to $52.7 billion \u2013 missing projections by $450 million.[1]<\/a><\/sup> Microsoft also suffered a network outage for its Azure cloud platform and Teams and Outlook services earlier Wednesday.[1]<\/a><\/sup><\/p>\n

Verizon Communications (NYSE:VZ) shares slipped 1.51% after the company posted mixed results for the 2022 fourth quarter.[2]<\/a><\/sup> Although the earnings were in accordance with analyst prognostications, the forward earnings did not reach the Refinitiv consensus estimate.[3]<\/a><\/sup><\/p>\n

General Electric (NYSE:GE) rose 0.3% after beating Q4 earnings and reporting 7.3% year-over-year revenue growth. For fiscal 2023, however, the company drastically reduced its earnings guidance.[4]<\/a><\/sup> For the previous quarter, GE reported earnings per share of $1.24 on total revenue of $21.79 billion. Refinitiv reported that analysts predicted a profit of $1.13 per share on total sales of $21.59 billion.[3]<\/a><\/sup><\/p>\n

3M (NYSE:MMM) got blasted with a 4.9% loss after missing Q4 earnings and guiding fiscal 2023 top and bottom lines below analysts’ consensus guidance.[4]<\/a><\/sup> The company revealed that it would be eliminating 2,500[4]<\/a><\/sup> 3M anticipates that, for 2023, their adjusted sales will decrease by a range of 2-6%, and their adjusted earnings per share will be in the range of $8.50-$9.[5]<\/a><\/sup><\/p>\n

Intuitive Surgical (NASDAQ:ISRG) sold off nearly 7% on a decline in fourth-quarter earnings that also missed analyst estimates.[6]<\/a><\/sup> The manufacturer of robotic surgical systems was creating a flat base, however, the stock moved below that pattern.[6]<\/a><\/sup><\/p>\n

Tesla (NASDAQ:TSLA) shares slipped lower in pre-market trading ahead of the clean energy carmaker’s highly-anticipated fourth quarter earnings after the closing bell.[7]<\/a><\/sup> It is predicted that earnings will increase by 33% to a total of $1.13 per share and revenue will grow by 39% to reach $24.67 billion.[6]<\/a><\/sup><\/p>\n

Boeing (NYSE:BA) shares edged higher ahead of the planemaker’s fourth quarter earnings prior to the opening bell.[8]<\/a><\/sup> The company posted a surprise fourth quarter loss but noted its first positive free-cash flow tally in more than four years, and reaffirmed its full-year profit guidance.<\/p>\n

0. <\/span>“Stock Market News Today: MSFT Earnings Drag Down Stocks at Open” TipRanks, 25 Jan. 2023, https:\/\/www.tipranks.com\/news\/stock-market-news-today-futures-dip-as-corporate-outlooks-weaken<\/a><\/a><\/p>\n

1. <\/span>“6 stocks to watch on Wednesday: Microsoft, AT&T, Capital One and more (NASDAQ:MSFT)” Seeking Alpha, 25 Jan. 2023, https:\/\/seekingalpha.com\/news\/3927733-6-stocks-to-watch-on-wednesday-microsoft-att-capital-one-and-more<\/a><\/a><\/p>\n

2. <\/span>“US stock futures slide ahead of the open on corporate caution” ForexLive, 24 Jan. 2023, https:\/\/www.forexlive.com\/news\/us-stock-futures-slide-ahead-of-the-open-on-corporate-caution-20230124\/<\/a><\/a><\/p>\n

3. <\/span>“Dow closes 100 points higher for third consecutive day of gains” CNBC, 24 Jan. 2023, https:\/\/www.cnbc.com\/2023\/01\/23\/stock-market-news-live-updates-futures-open-to-close.html<\/a><\/a><\/p>\n

4. <\/span>“Stock Market Spins Wheels Ahead Of Earnings Wave; Why Azure Should Worry Microsoft Bulls” Investor’s Business Daily, 24 Jan. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-lower-ahead-of-big-earnings-why-azure-should-worry-microsoft-bulls<\/a><\/a><\/p>\n

5. <\/span>“Stock Market Today: Dow Gains After Busy Day of Blue-Chip Earnings” Kiplinger’s Personal Finance, 24 Jan. 2023, https:\/\/www.kiplinger.com\/investing\/stocks\/stock-market-today-012423-dow-gains-after-busy-day-of-blue-chip-earnings<\/a><\/a><\/p>\n

6. <\/span>“Nasdaq Slides 2% As Microsoft, Other Earnings Hurt Stock Market” Investor’s Business Daily, 25 Jan. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/nasdaq-slides-2-as-microsoft-other-earnings-hurt-stock-market-tesla-ibm-set-to-report<\/a><\/a><\/p>\n

7. <\/span>“Stocks Move Lower, Microsoft, Tesla, Boeing, Fox In Focus – Five Things To Know” TheStreet, 25 Jan. 2023, https:\/\/www.thestreet.com\/markets\/stocks-move-lower-microsoft-tesla-boeing-fox-5-things-to-know<\/a><\/a><\/p>\n

8. <\/span>“Stock Market Today: Stocks Slide As Earnings Underwhelm, Microsoft Slumps; Tesla Up Next” TheStreet, 25 Jan. 2023, https:\/\/thestreet.com\/markets\/stock-market-today-stocks-slide-as-earnings-underwhelm-tesla-next<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stocks opened lower on Wednesday as investors digested corporate earnings reports and news from Microsoft Corporation (NASDAQ:MSFT).[0]<\/a><\/sup> The software giant edged past expectations with its fourth-quarter adjusted earnings per share, which fell from last year to reach $2.32, beating estimates by a penny. However, revenue rose just 2% to $52.7 billion \u2013 missing projections by $450 million.[1]<\/a><\/sup> Microsoft also suffered a network outage for its Azure cloud platform and Teams and Outlook services earlier Wednesday.[1]<\/a><\/sup><\/p>\n

Verizon Communications (NYSE:VZ) shares slipped 1.51% after the company posted mixed results for the 2022 fourth quarter.[2]<\/a><\/sup> Although the earnings were in accordance with analyst prognostications, the forward earnings did not reach the Refinitiv consensus estimate.[3]<\/a><\/sup><\/p>\n

General Electric (NYSE:GE) rose 0.3% after beating Q4 earnings and reporting 7.3% year-over-year revenue growth. For fiscal 2023, however, the company drastically reduced its earnings guidance.[4]<\/a><\/sup> For the previous quarter, GE reported earnings per share of $1.24 on total revenue of $21.79 billion. Refinitiv reported that analysts predicted a profit of $1.13 per share on total sales of $21.59 billion.[3]<\/a><\/sup><\/p>\n

3M (NYSE:MMM) got blasted with a 4.9% loss after missing Q4 earnings and guiding fiscal 2023 top and bottom lines below analysts’ consensus guidance.[4]<\/a><\/sup> The company revealed that it would be eliminating 2,500[4]<\/a><\/sup> 3M anticipates that, for 2023, their adjusted sales will decrease by a range of 2-6%, and their adjusted earnings per share will be in the range of $8.50-$9.[5]<\/a><\/sup><\/p>\n

Intuitive Surgical (NASDAQ:ISRG) sold off nearly 7% on a decline in fourth-quarter earnings that also missed analyst estimates.[6]<\/a><\/sup> The manufacturer of robotic surgical systems was creating a flat base, however, the stock moved below that pattern.[6]<\/a><\/sup><\/p>\n

Tesla (NASDAQ:TSLA) shares slipped lower in pre-market trading ahead of the clean energy carmaker’s highly-anticipated fourth quarter earnings after the closing bell.[7]<\/a><\/sup> It is predicted that earnings will increase by 33% to a total of $1.13 per share and revenue will grow by 39% to reach $24.67 billion.[6]<\/a><\/sup><\/p>\n

Boeing (NYSE:BA) shares edged higher ahead of the planemaker’s fourth quarter earnings prior to the opening bell.[8]<\/a><\/sup> The company posted a surprise fourth quarter loss but noted its first positive free-cash flow tally in more than four years, and reaffirmed its full-year profit guidance.<\/p>\n

0. <\/span>“Stock Market News Today: MSFT Earnings Drag Down Stocks at Open” TipRanks, 25 Jan. 2023, https:\/\/www.tipranks.com\/news\/stock-market-news-today-futures-dip-as-corporate-outlooks-weaken<\/a><\/a><\/p>\n

1. <\/span>“6 stocks to watch on Wednesday: Microsoft, AT&T, Capital One and more (NASDAQ:MSFT)” Seeking Alpha, 25 Jan. 2023, https:\/\/seekingalpha.com\/news\/3927733-6-stocks-to-watch-on-wednesday-microsoft-att-capital-one-and-more<\/a><\/a><\/p>\n

2. <\/span>“US stock futures slide ahead of the open on corporate caution” ForexLive, 24 Jan. 2023, https:\/\/www.forexlive.com\/news\/us-stock-futures-slide-ahead-of-the-open-on-corporate-caution-20230124\/<\/a><\/a><\/p>\n

3. <\/span>“Dow closes 100 points higher for third consecutive day of gains” CNBC, 24 Jan. 2023, https:\/\/www.cnbc.com\/2023\/01\/23\/stock-market-news-live-updates-futures-open-to-close.html<\/a><\/a><\/p>\n

4. <\/span>“Stock Market Spins Wheels Ahead Of Earnings Wave; Why Azure Should Worry Microsoft Bulls” Investor’s Business Daily, 24 Jan. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-lower-ahead-of-big-earnings-why-azure-should-worry-microsoft-bulls<\/a><\/a><\/p>\n

5. <\/span>“Stock Market Today: Dow Gains After Busy Day of Blue-Chip Earnings” Kiplinger’s Personal Finance, 24 Jan. 2023, https:\/\/www.kiplinger.com\/investing\/stocks\/stock-market-today-012423-dow-gains-after-busy-day-of-blue-chip-earnings<\/a><\/a><\/p>\n

6. <\/span>“Nasdaq Slides 2% As Microsoft, Other Earnings Hurt Stock Market” Investor’s Business Daily, 25 Jan. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/nasdaq-slides-2-as-microsoft-other-earnings-hurt-stock-market-tesla-ibm-set-to-report<\/a><\/a><\/p>\n

7. <\/span>“Stocks Move Lower, Microsoft, Tesla, Boeing, Fox In Focus – Five Things To Know” TheStreet, 25 Jan. 2023, https:\/\/www.thestreet.com\/markets\/stocks-move-lower-microsoft-tesla-boeing-fox-5-things-to-know<\/a><\/a><\/p>\n

8. <\/span>“Stock Market Today: Stocks Slide As Earnings Underwhelm, Microsoft Slumps; Tesla Up Next” TheStreet, 25 Jan. 2023, https:\/\/thestreet.com\/markets\/stock-market-today-stocks-slide-as-earnings-underwhelm-tesla-next<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/105"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=105"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/105\/revisions"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}