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Wall Street starts this week's final session with declines
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US PPI inflation reading comes in above expectations
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Semler Scientific (SMLR.US) shares gain 20% after publication of very strong quarterly results
The start of this week's final session on Wall Street brings declines in the listings of most listed companies. Weaker market sentiment was initiated today by the US PPI inflation reading, which came in above analysts' expectations.
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Open account Try demo Download mobile app Download mobile appUS companies categorised by sector and industry. Size indicates market capitalisation. Source: xStation5
The US100 index is losing nearly 0.8% at the start of today's session. Source: xStation 5
Company news:
Semler Scientific (SMLR.US) shares are up more than 18% after the company reported higher-than-expected revenue and net income for the second quarter yesterday. Revenues were US$18.6 million, up 25% from the same period in 2022. Net profit was US$5.9 million, up 44% from the same period in 2022.
Source: xStation 5
IonQ (IONQ.US) shares are up nearly 7% early in the session after the company raised its earnings guidance for the year. Revenue for 2023 is expected to be between $18.9m and $19.3m (previously forecast between $18.8m and $19.2m). Q2 revenue was $5.5m; +111.5% year-on-year (analysts had forecast $4.3m). EPS, however, turned negative at -$0.22.
Source: xStation 5
Maxeon Solar Technologies (MAXN) shares fell 24% after the renewable energy equipment maker reported weaker-than-expected revenue guidance for the third quarter. Second-quarter revenue of US$348.4 million fell short of analysts' expectations, which started at US$360 million.
Source: xStation 5
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