All articles tagged with #wall street forecasts
Goldman Sachs reported a 37% increase in third-quarter profit to $4.1 billion, surpassing analyst expectations, driven by strong performance in trading, dealmaking, and asset management, although shares slightly declined in premarket trading.
Top Wall Street forecasters have revised their expectations for Micron Technology ahead of its Q4 earnings report, indicating a reassessment of the company's financial outlook and stock performance.
ExxonMobil's second-quarter profit fell 56% from a year earlier due to lower oil and natural gas prices, resulting in earnings below Wall Street expectations. The company earned $7.9 billion, or $1.94 a share, while analysts had forecasted $2.01 a share. Revenue also dropped 27% to $80.8 billion. However, recent increases in oil and gas prices may provide some relief, with the national average gas price reaching an eight-month high of $3.73 a gallon. This marks a rare earnings miss for ExxonMobil, as the last time it didn't surpass analysts' forecasts was in the first quarter of 2020 during the initial pandemic-induced demand plunge.