Earnings Report: Alibaba Rises, Marvell Declines as Reporting Season Wraps Up

Reported 2 days ago

As the second-quarter earnings season nears its end, Alibaba's stock saw significant gains while Marvell Technology's shares took a hit after disappointing guidance. With 98% of S&P 500 companies reporting, an unexpected 11.9% surge in earnings per share has been observed. Upcoming reports from major companies, including Macy's and Salesforce, are anticipated, as investors digest the recent earnings data amid varying economic challenges.

Source: YAHOO

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