Caterpillar's stock saw an increase despite reporting first-quarter earnings that did not meet analysts' expectations. The company maintains it may face reduced sales if economic conditions worsen due to tariffs and potential recession later in the year. Meanwhile, Starbucks' shares fell following multiple downgrades, as it reported a decline in same-store sales. Additionally, Snapchat's stock dropped significantly after warning of potential challenges in its advertising revenue, prompting concerns despite a revenue beat in the first quarter. Microsoft’s stock showed little change before its key earnings report release.
Caterpillar anticipates slightly lower sales if tariffs persist and recession hits; their Q1 earnings fell short of forecasts, yet full-year sales expected to remain flat.
Starbucks faces downgrades from several analysts as its same-store sales dropped 1%, below forecasts, impacting investor confidence in the stock.
Snapchat's stock tumbled as it warned of significant headwinds in advertising sales, causing uncertainty despite reporting better-than-expected revenue for the first quarter.
Microsoft's share price remains stable as it fluctuates prior to its important earnings report today, hinting at potential investor caution.
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