Earnings beats underwhelm as Wall Street looks for good news – Reuters
- Date: 02-Feb-2022
- Source: Reuters
- Sector:Retail
- Country:Middle East
Earnings beats underwhelm as Wall Street looks for good news – Reuters
NEW YORK, Feb 1 (Reuters) - U.S. earnings news has been less impressive this reporting season than in recent quarters, giving some investors another reason to worry after Wall Street's tumultuous start to the year.
Disappointments from companies like Goldman Sachs Group (GS.N), which missed quarterly profit expectations, and Netflix Inc , which gave a downbeat forecast, have added to recent pressure on stocks, while reports from a number of heavyweights are still expected. read more
Google parent Alphabet Inc (GOOGL.O) provided some upbeat news after the bell on Tuesday, with its shares up more than 7% as it reported higher-than-expected fourth-quarter sales. read more At the same time, PayPal Holdings Inc (PYPL.O) shares sank more than 17% as the online payments company failed to match up to its pace of growth a year earlier. Amazon.com Inc and Meta Platforms Inc (FB.O) are slated to release earnings later this week. read more
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