Core Insights - HSBC Holdings reported better-than-expected third-quarter results, driven by a significant increase in revenue from its wealth unit [1][2] - The bank announced a new $3 billion stock buyback after completing a previous repurchase program [1][2] - U.S.-listed shares of HSBC reached their highest level since 2018, reflecting positive market sentiment following the earnings report [1][2] Financial Performance - Earnings per share (EPS) for HSBC was $0.34, surpassing analyst expectations [1] - Total revenue increased by 5% year-over-year to $17.00 billion, exceeding consensus estimates [1] - The Wealth and Personal Banking division saw revenue growth of nearly 13%, amounting to $7.41 billion, while net fee income rose 4% to $3.12 billion [1] Strategic Outlook - HSBC's CEO, Georges Elhedery, emphasized that the results indicate the effectiveness of the bank's strategy [2] - Jefferies described the results as "steady," indicating that investors are looking for more insights on the group's strategic direction [2] - The board's approval for an additional $3 billion buyback is intended to be completed within four months before the FY24 results announcement [2]

Core Insights - D.R. Horton shares fell 12% following disappointing fourth-quarter results and a weak outlook for fiscal 2025 [1][2][4] Financial Performance - For the fourth quarter of fiscal 2024, D.R. Horton reported revenue of $10.00 billion, a decrease from $10.50 billion year-over-year and below the consensus estimate of $10.22 billion [2][3] - The company reported net income of $1.28 billion, down from $1.51 billion, and below the expected $1.37 billion [3] Future Outlook - D.R. Horton projected fiscal 2025 revenue between $36 billion and $37.5 billion, significantly lower than the $39.39 billion expectation from analysts [3] - Executive chairman David Auld noted that potential homebuyers are holding out for lower mortgage rates, impacting sales [4]

McDonald's shares slipped in premarket trading Tuesday after it reported higher third-quarter revenue but lower profit than last year, as the fast-food giant's same-store sales fell more than expected. The fast-food giant registered $6.87 billion in revenue, up from $6.69 billion last year and the $6.81 billion analysts expected, according to consensus estimates compiled by Visible Alpha. McDonald's also posted $2.26 billion in net income, down from last year's $2.32 billion and the $2.30 billion analysts ...

Key TakeawaysBoeing shares could remain on radar screens Tuesday after the embattled plane maker upsized a share offering announced earlier yesterday in a bid to shore up its finances.The stock recently rallied from the lower trendline of a falling wedge pattern but ran into resistance around the 50-day moving average, indicating underlying selling pressure.Investors should monitor key support levels on Boeing's chart around $146 and $121, while also eyeing resistance areas near $192, $234, and $268. Boeing ...

Key Takeaways Ford shares dropped 6% in extended trading on Monday after the automaker posted third-quarter profit below Wall Street expectations and trimmed its full-year outlook. The stock has consolidated within an ascending triangle, a chart pattern that can signal a move lower if formed within an established downtrend. Investors should watch key support levels on Ford's chart around $9.50, $8.70, and $7.50. A breakout above key resistance at $11.30 could act as a catalyst for a bullish trend reversal. ...

Analyst Estimates for Q3 2024 Q2 2024 Q3 2023 Revenue $12.18 billion $11.3 billion $9.50 billion Earnings Per Share (Loss) $1.87 $3.28 (6 cents) Net Income (Loss) $1.69 billion $2.97 billion ($57.4 million) Key Metric: Research and Development Costs, Guidance Ahead of Wednesday's earnings announcement, Eli Lilly said it expects to report an IPR&D charge of about $2.83 billion for the quarter, well above the $154 million and $111 million, respectively, the company reported for the first two quarters of the y ...

Ford (F) reported third-quarter profit that missed analysts' expectations and trimmed its full-year outlook, sending shares lower in extended trading Monday. The automaker posted third-quarter revenue of $46.2 billion, up more than 5% year-over-year and above the analyst consensus from Visible Alpha. However, net income of $900 million or 22 cents per share declined from the $1.2 billion or 30 cents per share Ford posted a year earlier, missing estimates. Ford said it now expects full-year adjusted earnings ...

Group 1 - Apple has launched the first wave of "Apple Intelligence" capabilities through a free iOS update for iPhone 16 and other devices [1][2] - The new iMac, powered by the M4 chip, was also unveiled, starting at a price of $1,299, with deliveries beginning on November 8 [4] - Analysts expect the introduction of Apple Intelligence to positively impact the iPhone upgrade cycle, with increased demand anticipated post-initial release [2][3] Group 2 - The M4 chip in the new iMac is claimed to be up to 1.7 times faster for daily productivity and up to 2.1 times faster for demanding tasks compared to the M1 chip [4] - Further product announcements are expected, including potential updates to the MacBook Pro and a redesign of the Mac Mini [5]

Key Takeaways S&P 500 companies this earnings season have exceeded earnings estimates at a below-average rate and a narrower-than-average margin. Mentions of the "bottom" of the business cycle have surged on earnings calls while references to weak demand have declined, possibly signaling an inflection point for corporate earnings. Five of the Magnificent Seven will report earnings this week, with AI spending and monetization a likely focus for Wall Street. Corporate earnings are lagging a key historical ave ...

Key Takeaways ON Semiconductor, or Onsemi, beat third-quarter profit and revenue estimates, but sales continued to decline and the chipmaker gave weak guidance. All three of the company's units posted sales drops. The midpoint of Onsemi's current-quarter profit outlook was below forecasts. ON Semiconductor (ON) beat third-quarter profit and revenue estimates Monday, but sales continued to decline and the chipmaker gave weak guidance. The company also known as Onsemi reported third-quarter adjusted earnings ...