Apple is set 🌞to unveil its new iPhone 15 and Oracle shares plunge after it missed forward guidance expectations on revenue shortfalls ꦚin services and hardware. Here’s what investors need to know today.
1. Apple to Unveil iPhone 15🅰 With USB-C Charging Standard
At 1 p.m. ET, Apple’s (AAPL) “澳洲幸运5开奖号码历史查询:Wonderlust” event will begin, where the tech giant is set to release an updated iPhone 15, which is expected to feature a change to the USB-C charging port, as well as an upgraded camera and titanium design in some models. The company is also expected to release upgraded versions of its smartwatch and AirPods. Apple shares ticked higher by 0.3% in pre-market trading.
2. Oracle Shares Plunge After Guidance Misses on Services, 𓂃Hardware Shortfalls
Oracle (ORCL) shares plummeted more than 9% in pre-market trading after the cloud database company reported guidance that fell short of analyst expectations, as cloud licensing, services, and hardware revenue streams came in lower than forecasted. Oracle forecasted second-quarter earnings of $1.30 to $1.34 a share, on revenue of $12.89 billion to $13.13 billion, lower than the $1.34 a share earnings and $13.28 billion in revenue anticipated.
3. Alphabet S𒊎hares Dip as Antitrust Trial Starts
Shares of 澳洲幸运5开奖号码历史查询:Google parent Alphabet (GOOGL) dipped 0.4% in pre-market trading as the company goes on trial today in Washington on Justice Department charges it violated 澳洲幸运5开奖号码历史查询:antitrust laws. The government’s case in the civil trial 澳洲幸运5开奖号码历史查询:focuses on Googleജ’s search practices and whether the company used illegal agreements to cut out competitors, harming consumers and advertisers in the process. The case is expected to last until mid-November.
4. Cas𒉰ey’s Share๊s Rise on Earnings Beat From Pizza Sales
Casey’s General Stores (CASY) shares jumped more than 2% as the convenience store chain topped analyst earnings estimates on the success of sales of its whole pizza pies and launch of its thin-crust pizzas. Casey’s reported a quarterly 澳洲幸运5开奖号码历史查询:net income of $4.52 a share, better than the $4.09 a share in the same quarter last year, and ahead of the $3.36 a share earnings that analysts forecasted.
5. WestRock Shares Jump on Merger ꦍwith Smurfit Kappa
Shares of WestRock Co. (WRK) shares moved higher by more than 8% after it signed a 澳洲幸运5开奖号码历史查询:merger agreement with Smurfit Kappa Group, creating a global paper and packaging company worth $20 billion. Shareholders of WestRock will get a share of the newly-formed Smurfit WestRock and $5 in cash, equal to $43.51 a share.