{"id":72111,"date":"2023-11-09T08:52:21","date_gmt":"2023-11-09T13:52:21","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=72111"},"modified":"2023-11-09T08:52:21","modified_gmt":"2023-11-09T13:52:21","slug":"coffee-with-greta-extending-gains","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/11\/09\/coffee-with-greta-extending-gains\/","title":{"rendered":"Coffee With Greta: Extending Gains"},"content":{"rendered":"

DJIA Futures: <\/b>+79 (+0.2%)<\/span><\/p>\n

SPX Futures: <\/b>+9 (+0.2%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+4 (+0.02%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are rising as the S&P 500 extends its longest win streak since 2021.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Disney Jumps On Earnings Beat<\/span><\/h2>\n

Walt Disney <\/b>(DIS) shares are up 4.3% ahead of the open after beating fiscal Q4 profit expectations and announcing plans to expand its cost-cutting efforts.\u00a0<\/span><\/p>\n

Here\u2019s how the company\u2019s results compared to analysts\u2019 estimates:<\/span><\/p>\n

    \n
  • Adjusted EPS: $0.82 vs $0.70 expected<\/span><\/li>\n
  • Revenue: $21.24 billion vs $21.33 billion expected<\/span><\/li>\n
  • Disney+ subscribers: 150.2 million vs 148.15 million expected<\/span><\/li>\n<\/ul>\n

    Revenue rose 5% year over year but marked the second straight miss for the first time since early 2018.\u00a0<\/span><\/p>\n

    Disney\u2019s experience division, which includes the theme parks, saw revenue jump 13% to $8.16 billion.\u00a0<\/span><\/p>\n

    The company said it plans to continue to \u201caggressively manage\u201d its cost base, increasing those efforts by $2 billion to a target of $7.5 billion.<\/span><\/p>\n

    Arm Falls After First Post-IPO Earnings\u00a0<\/span><\/h2>\n

    Arm Holdings <\/b>(ARM) shares are falling 6.3% in premarket trade despite beating expectations in its first post-IPO earnings report.<\/span><\/p>\n

    Here\u2019s how the chip designer\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Adjusted EPS: $0.36 vs $0.26 expected<\/span><\/li>\n
    • Revenue: $806 million vs $740 million expected<\/span><\/li>\n<\/ul>\n

      Total revenue rose 28% year over year.\u00a0<\/span><\/p>\n

      In a letter to investors, company management said, \u201cWe are delighted with Arm\u2019s first quarter as a listed company, which has demonstrated the strength of our business model and the robustness of our diversified products and end markets.\u201d<\/span><\/p>\n

      But Arm\u2019s guidance for the current quarter fell short.\u00a0<\/span><\/p>\n

      The company expects EPS between $0.21 and $0.28 on revenue between $720 million and $880 million.<\/span><\/p>\n

      Analysts were forecasting EPS of $0.27 on between $730 million and $805 million in revenue.<\/span><\/p>\n

      Lyft Slips Despite Earnings Beat<\/span><\/h2>\n

      Lyft <\/b>(LYFT) shares are down 4.1% ahead of the open despite beating Q3 expectations.\u00a0<\/span><\/p>\n

      Here\u2019s how the ride-hailing giant\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

        \n
      • Adjusted EPS: $0.24 vs $0.15 expected<\/span><\/li>\n
      • Revenue: $1.16 billion vs $1.14 billion expected<\/span><\/li>\n<\/ul>\n

        Revenue jumped 10% year over year while total rides rose 20% to 187 million.\u00a0<\/span><\/p>\n

        Lyft\u2019s active riders grew 10% from a year ago to 22.4 million.<\/span><\/p>\n

        The company forecast Q4 sales growth in the \u201cmid-single-digits quarter over quarter\u201d vs 3.5% expected.\u00a0<\/span><\/p>\n

        Lyft said it expects gross bookings in the current quarter of around $3.6 billion to $3.7 billion.<\/span><\/p>\n

        Weekly Jobless Claims Fall<\/span><\/h2>\n

        Weekly jobless claims fell more than expected as the labor market remains tight.\u00a0<\/span><\/p>\n

        The Labor Department reported 217,000 Americans filed initial claims for unemployment benefits last week.\u00a0<\/span><\/p>\n

        That was a decrease of 3,000 from the week before and lower than 220,000 expected.\u00a0<\/span><\/p>\n

        Continuing claims rose by 22,000 to 1.83 million the week ending October 28, the highest level in seven months.\u00a0<\/span><\/p>\n

        This figure indicates it\u2019s taking unemployed workers longer to find new jobs.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

        DJIA Futures: +79 (+0.2%) SPX Futures: +9 (+0.2%) NASDAQ Futures: +4 (+0.02%) Good morning friends! Futures are rising as the S&P 500 extends its longest win streak since 2021. Let\u2019s get right to it! Disney Jumps On Earnings Beat Walt Disney (DIS) shares are up 4.3% ahead of the open after beating fiscal Q4 profit expectations and announcing plans to expand its cost-cutting efforts.\u00a0 Here\u2019s how the company\u2019s results compared to analysts\u2019 estimates: Adjusted EPS: $0.82 vs $0.70 expected Revenue: $21.24 billion vs $21.33 billion expected Disney+ subscribers: 150.2 million vs 148.15 million expected Revenue rose 5% year over year but marked the second straight miss for the first time since early 2018.\u00a0 Disney\u2019s experience division, which includes the theme parks, saw revenue jump 13% to $8.16 billion.\u00a0 The company said it plans to continue to \u201caggressively manage\u201d its cost base, increasing those efforts by $2 billion to a target of $7.5 billion. Arm Falls After First Post-IPO Earnings\u00a0 Arm Holdings (ARM) shares are falling 6.3% in premarket trade despite beating expectations in its first post-IPO earnings report. Here\u2019s how the chip designer\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.36 vs $0.26 expected Revenue: $806 million vs $740 million expected Total revenue rose 28% year over year.\u00a0 In a letter to investors, company management said, \u201cWe are delighted with Arm\u2019s first quarter as a listed company, which has demonstrated the strength of our business model and the robustness of our diversified products and end markets.\u201d But Arm\u2019s guidance for the current quarter fell short.\u00a0 The company expects EPS between $0.21 and $0.28 on revenue between $720 million and $880 million. Analysts were forecasting EPS of $0.27 on between $730 million and $805 million in revenue. Lyft Slips Despite Earnings Beat Lyft (LYFT) shares are down 4.1% ahead of the open despite beating Q3 expectations.\u00a0 Here\u2019s how the ride-hailing giant\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.24 vs $0.15 expected Revenue: $1.16 billion vs $1.14 billion expected Revenue jumped 10% year over year while total rides rose 20% to 187 million.\u00a0 Lyft\u2019s active riders grew 10% from a year ago to 22.4 million. The company forecast Q4 sales growth in the \u201cmid-single-digits quarter over quarter\u201d vs 3.5% expected.\u00a0 Lyft said it expects gross bookings in the current quarter of around $3.6 billion to $3.7 billion. Weekly Jobless Claims Fall Weekly jobless claims fell more than expected as the labor market remains tight.\u00a0 The Labor Department reported 217,000 Americans filed initial claims for unemployment benefits last week.\u00a0 That was a decrease of 3,000 from the week before and lower than 220,000 expected.\u00a0 Continuing claims rose by 22,000 to 1.83 million the week ending October 28, the highest level in seven months.\u00a0 This figure indicates it\u2019s taking unemployed workers longer to find new jobs.<\/p>\n","protected":false},"author":41,"featured_media":72117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-72111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=72111"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72111\/revisions"}],"predecessor-version":[{"id":72120,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72111\/revisions\/72120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/72117"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=72111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=72111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=72111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}