Dow Surges 250 Points; Exxon Mobil Earnings Miss Expectations
Portfolio Pulse from Lisa Levin
US stocks traded higher with the Dow Jones gaining around 250 points. Exxon Mobil Corp reported weaker-than-expected Q2 earnings with adjusted EPS of $1.94 missing the consensus estimate of $2.01. Business First Bancshares, Reata Pharmaceuticals, and Roku saw their shares rise following positive quarterly results. Shares of Tonix Pharmaceuticals, Sleep Number Corporation, and Eos Energy Enterprises fell.
July 28, 2023 | 4:08 pm
News sentiment analysis
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NEGATIVE IMPACT
Eos Energy Enterprises shares fell after the company said it expects Q2 revenue of $0.2 million.
Eos Energy Enterprises' low Q2 revenue expectation has led to a drop in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Sleep Number Corporation shares fell after the company reported mixed Q2 results.
Mixed Q2 results have led to a drop in Sleep Number Corporation's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tonix Pharmaceuticals shares dropped after the company priced public offering of 7 million common shares at $1 per share.
Tonix Pharmaceuticals' decision to price its public offering at $1 per share has led to a drop in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Exxon Mobil reported weaker-than-expected Q2 earnings, missing the consensus estimate.
Exxon Mobil's weaker-than-expected earnings report could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Business First Bancshares shares rose following positive quarterly results.
Positive quarterly results have led to a rise in Business First Bancshares' stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Reata Pharmaceuticals shares rose after Biogen agreed to acquire the company.
The acquisition agreement with Biogen has led to a rise in Reata Pharmaceuticals' stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Roku shares rose after the company reported better-than-expected Q2 results and issued strong Q3 guidance.
Roku's positive Q2 results and strong Q3 guidance have led to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80