Major Wall Street indices posted mixed performance Wednesday as investors and traders assessed the latest corporate earnings. Microsoft MSFTMore Provided weak guidance on earnings briefings. The Nasdaq Composite closed 0.18% lower, while the S&P 500 dropped his 0.018%. The Dow Jones finished slightly green.
1. Tesla Inc. TSLA: Tesla shares rose 5.44% in extended trading on Wednesday after the company posted quarterly results with record earnings, operating profit and net profit. Tesla reported fourth quarter earnings of $24.32 billion. That was a 37% year-over-year increase, topping Street’s estimate of his $24.16 billion. Adjusted earnings per share were $1.19, beating Street’s estimate of $1.13.
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2. Amazon.com, Inc. AMZN: Amazon shares closed 0.89% higher on Wednesday. Workers at a retail giant’s warehouse in central Britain left Wednesday and registered a wage protest, Reuters reported. This is the first time the company’s UK operations have faced a strike.
3. Shopify Inc. shop: Shopify’s shares closed 10.87% higher on Wednesday and rose another 1.23% after the company announced monthly price hikes for several plans. Shopify said starting Wednesday he will be updating prices for Basic, Shopify and Advanced plans.
Four. IBM IBM: IBM shares fell 2.12% in extended trading on Wednesday. The company reported fourth-quarter earnings for him of $16.69 billion, beating his average analyst estimate of $16.4 billion. Adjusted earnings of $3.60 per share were in line with consensus expectations. The company plans to cut about 3,900 jobs, or 1.5% of his global workforce, according to Bloomberg.
Five. Service Now Co., Ltd. now: The company’s shares closed 1.21% higher but fell 2.85% in extended trading on Wednesday. According to ServiceNow, revenue in the fourth quarter was $1.94 billion, up 20% year over year, in line with average analyst estimates.
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