U.S. equities had a rough day on Tuesday as the 2016 presidential election tightened up, tossing uncertainty back into the air. The S&P 500 Index fell 0.7%, the Dow Jones Industrial Average dipped 0.6%, while the Nasdaq Compositedropped 0.7%.
As incomes season progresses, a number of companies are on the relocation, consisting of Electronic Arts Inc.(NASDAQ: EA ), Gilead Sciences, Inc. (NASDAQ: GILD) and Square Inc (NYSE:SQ
. Square Inc (SQ) SQ shares were up robustly on Wednesday early morning on the strength of its third-quarter profits report.
The monetary companies reported a loss of $32 million, or 9 cents per share. That was dramatically much better than the year-ago loss of 35 cents per share, and was a narrower loss than the 11-cents of red ink projected by experts.
Earnings of $439 million were up 32% year-over-year and easily hurdled expectations for $430 million.
Gross payment volume– the combined total of all transactions processed using Square platforms– acquired 39% YOY to $13.2 billion. The company’s money advance and loan service was specifically strong, rising 70% compared with the year-ago quarter. About 35,000 loans were processed, totaling up to $208 million.
SQ shares responded with 5% gains in early Wednesday action, helping to cut into the business’s 15% year-to-date declines.
Electronic Arts Inc. (EA)
EA stock was up likewise on Wednesday after publishing its fiscal second-quarter report last night.
The gaming company published a loss of 13 cents per share, beating expectations for a 17-cent loss. Earnings came in at about $898 million for the quarter, missing the typical analysts’ outlook of $915 million. Digital sales amounted to a massive 63% of net sales.
Short article printed from InvestorPlace Media, http://investorplace.com/2016/11/3-stocks-to-watch-on-wednesday-square-inc-sq-gilead-sciences-inc-gild-and-electronic-arts-inc-ea-iplace/.
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