Apple is set to unveil its new iPhone 15 and Oracle shares plunge after it m▨issed forward guidance expectations on revenue shortfalls in servic♉es and hardware. Here’s what investors need to know today.
ꦅ 1. Apple to Unveil iPhone 🐬15 With USB-C Charging Standard
At 1 p.m. ET, Apple’s (AAPL) “澳洲幸运5官方开奖结果体彩网: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 Se𓆏rvices, Hardware 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 Shareꦬs Dip as Antitrust Trial Starts
Shares of 澳洲幸运5官方开奖结果体彩网: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官方开奖结果体彩网:antitrust laws. The government’s case in the civil trial 澳洲幸运5官方开奖结果体彩网:focuses on Google’sꦬ search prac🗹tices 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💙. Casey’s Shares Rise on E💝arnings 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官方开奖结果体彩网: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 Sharꦦes Jump on Merger with Smurfit Kappa
Shares of WestRock Co. (WRK) shares moved higher by more than 8% after it signed a 澳洲幸运5官方开奖结果体彩网: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.