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Highlights of the day: 29 April

June 19, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day

 

Amazon
Q1 earnings report :
- $3.8 billion net loss for the quarter vs expected $4.4 billion net profit. The loss was largely due to a 7.6 billion loss from its investment in Rivian Automotive. 
- EPS -0.56 vs 8.48 expected by analysts

Apple 
- EPS: $1.52 vs. $1.43 estimated by analysts.
- Revenue: $97.28 billion vs. $93.89 billion estimated, up 8.59% year over year.
- Shares took a dip after Apple CFO Luca Maestri warned of challenges in the current quarter, including supply constraints that could hurt sales by up to $8 billion.

SpaceX
- SpaceXs Falcon 9 is aiming to launch another 53 Starlink satellites to Earths low orbit.

Tesla
- Elon Musk sold roughly $4 billion in Tesla stock after agreeing to buy Twitter.

Robinhood
- Losses per share: 45 cents vs. 36 cents expected by analysts.
- Revenue: $299 million vs. $355.8 million expected by analysts. This is a drop of 43% from a year ago.
- Monthly Active Users declined 1.8 million and average revenue per customer fell from $137 to $53
- Robinhood went public in July 2021 at $38 a share but is now trading at roughly $10 a share.

Biggest winners and losers: 
JSE
- Kumba Iron Ore +9.11%
- Sanlam -4.1%

US
- Tesla +4.01%
- Amazon -12.17%

Crypto
- Bitcoin -1.7%
- Ethereum -2.1%
- Avax -4.6%


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