Reply To: Traders Market Weekly: Fed, Inflation and Profit Warnings

#43777
Truman
Participant

FedEx (FDX 162.61, -42.26, -20.63%): guides 1Q23 EPS well below consensus and guides Q2 EPS and revenue below consensus, citing global volume softness, particularly due to macroeconomic weakness in Asia and service challenges in Europe; also withdraws FY23 earnings guidance
Uber (UBER 31.84, -1.29, -3.89%): lower on security breach news
NCR Corp (NCR 24.20, -4.91, -16.87%): to separate into two independent companies
Roblox (RBLX 42.78, -0.72, -1.66%): reports August metrics – Daily active users were 59.9 million, up 24% yr/yr
Texas Instruments (TXN 163.03, +0.36, +0.22%): raises its quarterly dividend 8% to $1.24/share, payable November 15; authorizes an additional $15 bln for share repurchases
Adobe (ADBE 300.55, -8.58, -2.78%):BofA Securities downgrades to Neutral from Buy
General Electric (GE 66.00, -2.91, -4.22%): CFO acknowledges that supply chain issues will reduce profit, according to Bloomberg