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Oil giant ExxonMobil reported worse than expected second quarter earnings Friday with its second quarterly oss in a row. The Covid pandemic caused plunging oil demand within a supply glut. Last quarter was $XOM's first quarterly loss in 32 years.
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Video game publisher Electronic Arts reported better than expected June quarter earnings after the market Thursday. The Covid lockdown saw gamers exceed all forecasts of interactions and purchasers. $EA guided higher for next quarter.
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Consumer electronics giant Apple reported better than expected june quarter earnings Thursday. Revenue from iPhones rebounded. $AAPL revenues increased 11%, despite the COVID-related supply chain disruptions.Apple also announced 4-for-1 stock split
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Social media company Snap, owner of Snapchat plunged 13% Tuesday after missing second quarter earnings expectations with another large net loss. $SNAP has been a great reminder of risk, herd mentality and like MySpace the perils of betting on social media longevity.
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Oil and gas servicing giant Halliburton reported better than expected second quarter earnings Monday before the market with a surprise profit in Q2. $HAL's aggressive approach to cutting costs flowed through. $HAL is ahead of Schlumberger's report
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Streaming giant Netflix reported worse than expected second quarter earnings missing analyst expectations on earnings per share but beating on revenue. $NFLX fell more than 12% after hours on weak subscriber growth guidance for the third quarter.
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Goldman Sachs, America's largest investment bank reported much stronger than expected second quarter earnings before the bell Wednesday. $GS bond trading revenue surged almost 150% to $4.24 billion, and equities trading revenue rose 46% to $2.94 billion.
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Wells Fargo reported worse than expected Q2 earnings before the bell on Tuesday with its first quarterly loss since the Great Recession. $WFC reported along with JPMorgan $JPM
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JPMorgan Chase, America's largest bank reported better than expected Q2 earnings Tuesday before the open. $JPM bond and equity trading revenue surged 79% to a record $9.7 billion. Citbank and Wells Fargo also reported Tuesday.
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Online insurance company Lemonade made it's NYSE debut on thursday, surging over 100%. The insurance tech, under the ticker $LMND uses artificial intelligence and “behavioral economics” via a mobile app for property insurance.
