Stock Movers

Sandisk, Verizon Rise after Earnings, Apple Fluctuates


Listen Later

Today's biggest winners and losers in the stock market.

On this episode of stock movers: 

-Apple (AAPL) shares are little changed after the tech giant delivered record quarterly sales and a better-than-anticipated forecast for the current period, even as the company warned that rising component costs are threatening to squeeze margins. Revenue will rise 13% to 16% in the second quarter, which runs through March, the company said Thursday during a conference call with analysts. That exceeded the 10% projected by Wall Street — showing that Apple can maintain momentum after an iPhone-fueled sales surge in the December quarter.

-Sandisk (SNDK) shares rally after the computer hardware and storage company’s second-quarter revenue beat expectations. The company said it sees adjusted earnings per share between $12 and $14 in the third quarter. Wall Street had expected $4.95 a share, spurring several analysts to raise their ratings and price targets for the stock, which is up roughly 160% to start the year and around $1,600% since it went public last February.

-Verizon (VZ) shares rise after the wireless provider reported its biggest gain in mobile phone subscribers since 2019 and announced plans to buy back as much as $25 billion in shares, signaling turnaround efforts under new Chief Executive Officer Dan Schulman are starting to bear fruit.

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Stock MoversBy iHeartPodcasts

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

19 ratings


More shows like Stock Movers

View all
Bloomberg Intelligence by Bloomberg

Bloomberg Intelligence

410 Listeners

Bloomberg Surveillance by Bloomberg

Bloomberg Surveillance

1,182 Listeners

Masters in Business by Bloomberg

Masters in Business

2,191 Listeners

Odd Lots by Bloomberg

Odd Lots

1,995 Listeners

Bloomberg Businessweek by Bloomberg

Bloomberg Businessweek

428 Listeners

Wall Street Breakfast by Seeking Alpha

Wall Street Breakfast

1,037 Listeners

Thoughts on the Market by Morgan Stanley

Thoughts on the Market

1,314 Listeners

Here's Why by Bloomberg

Here's Why

65 Listeners

Wall Street Week by Bloomberg

Wall Street Week

63 Listeners

The Big Take by Bloomberg

The Big Take

154 Listeners

Bloomberg Daybreak: US Edition by Bloomberg

Bloomberg Daybreak: US Edition

85 Listeners

The Markets by Goldman Sachs

The Markets

86 Listeners

Bloomberg News Now by Bloomberg

Bloomberg News Now

78 Listeners

Bloomberg Daybreak: Asia Edition by Bloomberg

Bloomberg Daybreak: Asia Edition

8 Listeners

Bloomberg Daybreak: Europe Edition by Bloomberg

Bloomberg Daybreak: Europe Edition

9 Listeners