{"id":80284,"date":"2023-11-03T12:37:51","date_gmt":"2023-11-03T16:37:51","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/apple-stock-drops-on-poor-china-sales-while-cardinal-health-expedia-and-block-shares-surge\/"},"modified":"2023-11-03T12:37:55","modified_gmt":"2023-11-03T16:37:55","slug":"apple-stock-drops-on-poor-china-sales-while-cardinal-health-expedia-and-block-shares-surge","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=80284","title":{"rendered":"Apple stock drops on poor China sales, while Cardinal Health, Expedia and Block shares surge"},"content":{"rendered":"
\n

Here are the day\u2019s biggest movers:<\/p>\n

Stock gainers:<\/strong><\/p>\n

Shares of Block Inc<\/strong>.
\n SQ,
\n +12.21%<\/bg-quote>
\n soared 14% after the Jack Dorsey-backed parent of fintech company Square set its sights on 2024 adjusted EBITDA of $2.4 billion, far outpacing analyst expectations around $1.94 billion.<\/p>\n

\n

Shares of Cardinal Health Inc.\u00a0<\/strong>
\n CAH,
\n +8.75%<\/bg-quote>
\n rallied 8.2% into record territory after the drug distributor reported fiscal first-quarter profit that beat expectations and raised its full-year outlook, while revenue came up a bit shy.\u00a0<\/p>\n

DraftKings Inc.\u2019s<\/strong> stock
\n DKNG,
\n +14.42%<\/bg-quote>
\n was up 8.7% i after the sports-gambling and fantasy web site posted quarterly results that topped analyst revenue and earnings estimates, and raised its full year guidance range. <\/p>\n

Expedia Group Inc.<\/strong>
\n EXPE,
\n +17.83%<\/bg-quote>
\n soared by 15.4% at the top gainer in the S&P 500
\n SPX
\n after the travel services company\u2019s board authorized a $5 billion stock buyback representing about 35% of its recent market capitalization. The company also reported third-quarter adjusted profit of $5.41 a share, ahead of the FactSet consensus estimate of $4.96 a share.<\/p>\n

FuboTV Inc<\/strong>.
\n FUBO,
\n +7.85%<\/bg-quote>
\n soared by 8.4% after the sports-first TV-streaming company reported third-quarter revenue and record paid subscribers that rose well above expectations.<\/p>\n

Gartner Inc.<\/strong>\u2018s stock
\n IT,
\n +16.77%<\/bg-quote>
\n soared by 16.5% after its third-quarter adjusted earnings of $2.56 a share easily beat the FactSet consensus estimate of $1.96 a share.<\/p>\n

Icahn Enterprises LP<\/strong>\u2018s stock
\n IEP,
\n +14.38%<\/bg-quote>
\n rose 13.4% after its third-quarter loss narrowed from a year ago while revenue was ahead of expectations.<\/p>\n

Paramount Global\u2019s<\/strong> stock
\n PARA,
\n +12.79%<\/bg-quote>
\n rose 9.6% after the film, entertainment and streaming giant reported third-quarter earnings and revenue that beat expectations and highlighted strong viewership for the NFL on CBS and gains in sales at movie theaters. <\/p>\n

Stock decliners: <\/strong><\/p>\n

Apple Inc.<\/strong>\u2018s stock
\n AAPL,
\n -0.81%<\/bg-quote>
\n dropped 1% after the tech giant posted a revenue drop for the fourth straight quarter, topping overall sales expectations but coming up short in China.<\/p>\n

Bill Holdings Inc. <\/strong>shares
\n BILL,
\n -27.05%<\/bg-quote>
\n plunged 29% after the financial software company cut its full-year sales guidance and said inflation and consumer uncertainty pose a bigger threat to its small-business customers. <\/p>\n

Shares of Fortinet Inc. <\/strong>
\n FTNT,
\n -14.85%<\/bg-quote>
\n dropped 16.6% after investors looked past a third-quarter earnings beat for the cybersecurity company to focus on missed fourth-quarter revenue estimates. <\/p>\n

Atlassian Corp.\u2019s <\/strong>stock
\n TEAM,
\n -4.07%<\/bg-quote>
\n sunk 4.7% after the software company reported a wider loss.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Here are the day\u2019s biggest movers: Stock gainers: Shares of Block Inc. SQ, +12.21% soared 14% after the Jack Dorsey-backed parent of fintech company Square set its sights on 2024 adjusted EBITDA of $2.4 billion, far outpacing analyst expectations around $1.94 billion. Shares of Cardinal Health Inc.\u00a0 CAH, +8.75% rallied 8.2% into record territory after […]<\/p>\n","protected":false},"author":1,"featured_media":80285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-80284","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nApple stock drops on poor China sales, while Cardinal Health, Expedia and Block shares surge | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Here are the day\u2019s biggest movers: Stock gainers: Shares of Block Inc. SQ, +12.21% soared 14% after the Jack Dorsey-backed parent of fintech company\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=80284\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple stock drops on poor China sales, while Cardinal Health, Expedia and Block shares surge | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Here are the day\u2019s biggest movers: Stock gainers: Shares of Block Inc. 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