Financialbuzz.com: 'Wild Volatile Market Swings' Earnings Recap Week Ending Oct. 26th, 2018

NEW YORK, October 26, 2018 /PRNewswire/ --

U.S. stocks had a shaky week after the Dow Jones Industrial Average plummeted to 25,574.85, falling 3.7% and erasing year to date gains. However, The Dow Jones rebounded on Thursday, jumping over 500 points, or 2.04%, after stronger-than-expected earnings reports. The Nasdaq Composite fell by 5.3% throughout the week, but opened 3.5% stronger on Thursday. The S&P 500 Index fell by 4.4% and also opened stronger, gaining 2.2%. Concerns over slowing global economies and weaker earnings drove stocks lower throughout the week. Weaker earnings by Caterpillar, 3M and AT&T also contributed to the loss early on in the week. Despite the market dragging down, Boeing, Microsoft, Tesla, Twitter and Shopify smashed their quarterly earnings, leading the strong opening on Thursday morning. Amazon and Alphabet both reported their financial results on Thursday after hours, and both companies missed estimates. Amazon shares plummeted 8.42%, while Google shares fell by 4.2% during after-hours. Microsoft Corporation (NASDAQ: MSFT), Tesla, Inc. (NASDAQ: TSLA), Amazon.com, Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Chipotle Mexican Grill, Inc. (NYSE: CMG).

The stronger earnings seemed to suppress investors' fear of the bearish market throughout the month of October. Fears regarding global policies and growth still remain among investors however. Although tech companies like Microsoft and Twitter were able to recover losses from earlier in the week, Amazon and Google's weaker than expected earnings could continue to drag the market down. "From a valuation standpoint, the market is very affordable after Wednesday's declines, and the economic fundamentals remain really solid," Randy Frederick, Managing Director of active trading and derivatives at Charles Schwab, told MarketWatch. He warned, however, that investor sentiment is cautious, as markets wait for more information on the health of the global economy, trends in global trade policy, and the results of upcoming elections. "This volatility is going to hang around until at least the midterms."

Amazon.com, Inc. (NASDAQ: AMZN) on Thursday reported third quarter revenue that fell short of analysts' estimates, sending its stock down roughly 5% in after-hour trading. The e-commerce giant said revenue rose 29% to USD 56.6 Billion in the quarter ended September 30^th, 2018, missing analysts' estimates of USD 57.1 Billion. Net income jumped more than 10-time to USD 2.8 Billion from USD 256 Million in the same period a year ago. Operating income rose to USD 3.7 Billion in the third quarter, compared with operating income of USD 347 Million in third quarter 2017.

Alphabet Inc. (NASDAQ: GOOGL) reported financial results for the third quarter on Thursday. Google's parent company beat earnings estimates but fell short of revenue expectations, sending its shares down as much as 4.4% in after-hours trading. Alphabet's revenue increased 21% to USD 33.7 Billion in the third quarter, missing analysts' expectation of USD 34.04 Billion. The advertising business accounted for most of revenue, reaching USD 28.95 Billion. Net income was USD 9.19 Billion, or USD 13.06 per share, in the third quarter, compared to USD 6.73 Billion, or USD 9.57 per share, in the same period a year ago.

Microsoft Corporation (NASDAQ: MSFT) reported its quarterly earnings report on Wednesday and surpassed analyst' estimates, sending shares 5.8% higher on Thursday. Revenue across the Company's segment showed strong growth, especially in its cloud segment. For their first quarter, Microsoft reported earnings per share of USD 1.14, topping analysts' estimates of USD 96 cents. Revenue was reported at USD 29.08 Billion, also beating analysts' estimates of USD 27.9 Billion.

Tesla, Inc. (NASDAQ: TSLA) reported its quarterly financial results and crushed analysts' earnings estimates, sending shares 10.2% higher on Thursday. The stronger than expected earnings were due to Tesla's Model 3 delivery and production, allowing it to return to profitability. For the third quarter, Tesla reported revenue of USD 6.82 Billion, increasing 128.9% year over year and topping estimates of USD 6.33 Billion. The Company reported an adjusted earnings per share of USD 2.90, increasing from a loss of USD 2.92 per share last year and smashing analysts' estimates of an earnings per share loss of 19 cents.

Chipotle Mexican Grill, Inc. (NYSE: CMG) on Thursday reported third quarter earnings that beat analysts' expectation. However, same-store sales fell short of analysts' estimates. Shares of the Company were up about 1% in the after-market trading. Revenue increased 8.6% to USD 1.2 Billion in the quarter ended September 30^th, 2018. The Company said the increase was driven by new restaurant openings and a 4.4% increase in comparable restaurant sales. The Company opened 28 new restaurants during the quarter and closed or relocated 32. Net income for the third quarter of 2018 was USD 38.2 Million, or USD 1.36 per diluted share, compared to net income of USD 19.6 Million, or USD 0.69 per diluted share, in the same period a year ago.

Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has not been compensated for financial news dissemination and PR services by any parties. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.FinancialBuzz.com .

For further information:
Media Contact:
info@financialbuzz.com
+1-877-601-1879

URL: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com