Key Points To Watch Out For:
- Shares in Alphabet and AMD fall after financial reports fall short of expectations
- Chipotle and Match struggle, while Mattel and Snap make positive surprises
- Walt Disney and Uber publish their quarterly results today
Alphabet (GOOGL): Drop in cloud computing revenues
Alphabet’s income growth slowed to its lowest rate since 2023, affected by a drop in its cloud computing business. Its shares fell 7% in the pre-market.
Advanced Micro Devices (AMD): Disappointing data center figures
Even with strong revenue growth in its data center division, AMD failed expectations, leading to a 9% drop in its shares before the opening.
Chipotle Mexican Grill (CMG): Cut in sales forecast
Chipotle reduced its sales forecast for this year, raising concerns among investors. The threat of new tariffs by former President Trump on Mexican and Canadian imports might affect its costs. Its shares fall in pre-market trading.
Mattel (MAT): Up on Barbie sales optimism
Toys manufacturer Mattel made an unexpected announcement with an optimistic forecast for its profits this year, driven by higher demand for its Barbie dolls. The company also made an announcement about a share buyback, which led to a 15% rise in pre-market trading.
Nissan (JP:7201) and Honda (HMC): Tensions in merger negotiations
The Nissan-Honda proposed merger is faltering after Nissan’s board rejected the terms proposed by Honda. In Tokyo, Nissan shares fell 5%, while Honda rose 9%.
Novo Nordisk (NVO): Growth in sales and cautious forecast
The manufacturer of Ozempic and Wegovy beat revenue and profit expectations but anticipates a growth slowdown by 2025. Its shares rose 4%.
Match (MTCH): Change of CEO after disappointing quarter
Match Group, which owns Tinder and Hinge, replaced its CEO after reporting a drop in quarterly revenue and a weaker-than-expected sales forecast. Its shares fell 9%.
Snap (SNAP): Positive surprise in financial results
Snap, the mother company of Snapchat, amazed the market with unexpected profits and better than predicted sales. Its shares rose 3% in pre-market trading.
Companies presenting results today
Pre-market trading: Walt Disney (DIS) and Uber Technologies (UBER).
