Daily Market Movers for November 7th, 2019

Daily Gainers:

iQIYI, Inc. (NASDAQ: IQ) reported its third quarter financial results after the closing bell on Wednesday. The Company reported narrower-than-expected losses, sending shares soaring by 14.3% on Thursday morning. For the quarter, iQiyi reported earnings loss of USD 0.70 per share on revenue of USD 1 Billion. FactSet analysts expected an earnings loss of 0.71 per share on revenue of USD 1.04 Billion.

Baidu, Inc. (NASDAQ: BIDU) rose by 10.8% on Thursday morning after better-than-expected quarterly results. For the quarter, Baidu reported earnings of RMB 12.61 per share on revenue of RMB 28.08 Billion (USD 3.93 Billion according to Baidu earnings release.) Refinitiv analysts polled earnings RMB 7.88 per share on revenue of RMB 27.49 Billion.

QUALCOMM Incorporated (NASDAQ: QCOM) shares popped by 7.3% on Thursday morning after reporting its fourth quarter financial results on Wednesday. For the quarter, Qualcomm reported earnings of USD 0.78 per share on revenue of USD 4.8 Billion. Refinitiv analysts anticipated earnings of USD 0.71 per share on revenue of USD 4.7 Billion. As for the first quarter, Qualcomm is expecting revenues between USD 4.4 Billion to USD 5.2 Billion versus Refinitiv analysts’ estimates of USD 4.8 Billion.

Square, Inc. (NYSE: SQ) shares gained 6% on Thursday morning after topping analysts’ estimates. For the quarter, Square reported earnings of USD 0.25 per share on total revenue of USD 1.27 Billion. FactSet analysts expected earnings of USD 0.20 per share. As for the remainder of the year, Square is expecting earnings between USD 0.19 to USD 0.21 per share, short of analysts’ expectations of USD 0.25 per share.

Teva Pharmaceutical Industries Limited (NYSE: TEVA) reported its quarterly financial results on Thursday morning. The Company surpassed revenue estimates, but fell short of earnings estimates. Teva shares rose by 11.1% after the opening bell. For the quarter, Teva reported earnings of USD 0.58 per share on revenue of USD 4.26 Billion. Analysts expected earnings of USD 0.60 per share on revenue of USD 4.24 Billion.

Daily Losers:

Expedia Group, Inc. (NASDAQ: EXPE) shares crashed by 24.5% on Thursday morning after reporting weaker-than-expected results. For the quarter, Expedia reported earnings of USD 3.43 per share on revenue of USD 3.56 Billion. FactSet analysts polled earnings of USD 3.79 per share on revenue of USD 3.57 Billion.

Roku, Inc. (NASDAQ: ROKU) reported its third quarter financial results after the closing bell on Wednesday. The Company topped revenue estimates, however, shares cratered by as much as 17% on Thursday morning. For the quarter, Roku reported earnings loss of USD 0.22 per share on revenue of USD 261 Million. Refinitiv analysts expected revenue of USD 256.9 Million. Analysts surveyed adjusted loss per share of USD 0.28, but it was not immediately clear whether the reported loss and expected loss were comparable, according to CNBC. As for the fourth quarter, Roku is expecting revenue between USD 380 to USD 396 Million. And as for the full year, Roku is projecting total revenues in the range of USD 1.09 Billion to USD 1.11 Billion. Roku’s higher end of its guidance falls in-line with analysts’ expectations.