EconoTicker

The 154.68B market cap Total Energies reported quarterly earnings per share (EPS) of $1.98, missed estimates. The company's total revenue also at 49.18B was much less than the market forecasts.

The 265.07B market cap Nestle reported quarterly earnings per share (EPS) of $2.7, beating estimates. The company's total revenue also at 25.97B was better than the market forecasts.

The 129.61B market cap Honeywell reported quarterly earnings per share (EPS) of $2.49, beating estimates. The company's total revenue also at 9.58B was better than the market forecasts.

The 237.39B market cap AstraZeneca reported quarterly earnings per share (EPS) of $1.98, beating estimates. The company's total revenue also at 12.94B was better than the market forecasts.

➡️Universal Music Group (UMG) experienced a significant market value drop of over $16 billion, or 20.58%, after falling short of revenue expectations from subscription and online streaming services. 

➡️Shares in Amsterdam fell more than 25%, bringing the company's market value to approximately €36.8 billion. For the quarter ending in June, UMG reported a 9.6% increase in revenue to €2.93 billion, below analyst forecasts. 

➡️Revenue growth from subscriptions and streaming was just 4.1%, well under the expected 10%, and online streaming revenue declined by 3.9%.

The 169.00B market cap IBM reported quarterly earnings per share (EPS) of $2.43, beating estimates. The company's total revenue also at 15.8B was better than the market forecasts.

The 191.15B market cap General Electric reported quarterly earnings per share (EPS) of $1.2, beating estimates. However, the company's total revenue at 8.22B missed the market forecasts.

The 82.47B market cap Moody’s reported quarterly earnings per share (EPS) of $3.28, beating estimates. The company's total revenue also at 1.8B was better than the market forecasts.

The 170.41B market cap Philip Morris reported quarterly earnings per share (EPS) of $1.59, beating estimates. The company's total revenue also at 9.47B was better than the market forecasts.

The 280.84B market cap Coca-Cola reported quarterly earnings per share (EPS) of $0.84, beating estimates. The company's total revenue also at 12.4B was better than the market forecasts.

Existing home sales fell 5.4% in June to 3.89 million, down from 4.11 million in May and below the 3.99 million estimates.

A resurgence in mortgage rates has kept the housing market in a lull this year. The 30-year fixed mortgage rate surpassed 7.0% toward the end of April and stayed there through most of May, stifling buyer demand.

The 175.19B market cap Verizon reported quarterly earnings per share (EPS) of $1.15 with no up, or down surprise. The company's total revenue at 32.8B missed the market forecasts.