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FINANCIAL NEWS
Apple reports solid growth for non-holiday period, warns of supply chain woes

In the quarter that ended in March, Apple's revenue grew nearly 9% year-over-year to $97.3 billion, which is considered a record figure for this part of the calendar year.

Qualcomm reports robust outlook and record-breaking revenue amid diversification

Qualcomm reported a robust earnings outlook and record quarterly revenue for the last quarter, mainly due to its move to focus on growing a non-handset business amid the likelihood of slowing smartphone demand.

Meta gains on unexpected user growth, fuels gains in Nasdaq 100 futures

In premarket trading Thursday, Meta Platforms gained 17.5% to $205.60 after reporting better-than-expected user growth in the first quarter for its social media platform, Facebook.

Google parent, Alphabet reports weaker-than-expected Q1 results; shares slide

For its first quarter, Alphabet Inc., the parent company of Google, reported weaker-than-expected earnings and revenue on Tuesday, sending shares down more than 3% in premarket trading Wednesday.‍

Microsoft shares rise amid strong profit outlook; driven by cloud-service demand

On Tuesday, shares of Microsoft Corp rose 6% in after-hours trading after the company posted better-than-expected revenue and a strong profit outlook on sales for the current quarter.

Warner Bros. Discovery beats analysts' forecast in first quarterly results

While only two weeks old, the media giant, Warner Bros. Discovery reported a quarterly revenue increase of 13% in its first set of results Tuesday that beat analysts' forecasts and topped expectations.

Coca-Cola demand keeps bubbling amid higher quarterly sales

Despite an uncertain operating environment, The Coca-Cola Company has reported better-than-expected first-quarter results for 2022, benefiting from strategic transformation.

IBM shares surge amid Software and Consulting earnings beat

Shares of International Business Machines Corp., better known as IBM, climbed 7% to $138.25 a day after posting results for the first quarter ended 31 March 2022

Tesla posts it highest profit beat in Q1; shares climb

After the electric-vehicle maker posted its highest quarterly profit yet this week, Tesla Inc. shares climbed Thursday, up 3.2% at $1,0008.78.

Charles Schwab shares drop amid disappointing quarterly results

Shares of multinational savings and loan holdings company Charles Schwab dropped 9.5% on 18 April to close at $74.94 after the firm reported a decline in quarterly revenue and missed Wall Street estimates.

Netflix grapples with stiffer competition, loses 200,000 subscribers

As the streaming giant grapples with stiffer competition from rival services and rampant account sharing among its customers, Netflix Inc. lost 200,000 subscribers globally, the first decline in over ten years.

Johnson & Johnson posts mixed quarterly results, suspends vaccine forecast

For the first quarter of 2022, healthcare behemoth Johnson & Johnson (NYSE:JNJ) posted mixed results, having surpassed earnings but missed revenue expectations.

JPMorgan profit plunge amid geopolitical and economic challenges

On Wednesday, JPMorgan Chase & Co. reported a lower-than-expected quarterly profit, plunging 42% year-to-date amid rising inflation, a fresh wave of Covid-19, and Russia's invasion of Ukraine.

Nvidia Q3 Results beats estimates; push Stock to a record close

The Dow Jones Industrial Average was down 0.2%, while the S&P 500 was up 0.3%. It was a record close for Nvidia, bringing its market value to about $791.9 billion.‍ On Thursday, Nvidia shares jumped 8.3% to close at $316.75.

Apple iOS Changes to Dent Facebook Q4 Growth

Facebook (NASDAQ:FB) rose 2% after market hours and announced earnings per share of $3.22 on revenue of $29.01 billion.

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