Stock Market News Daily Roundup November 2

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Shares of Duke Energy (NYSE: DUK) rose 1.65% in morning trade after the company reported a better-than-expected profit for the third quarter of 2018. The utility had income of $1.08 billion, or $1.51 per share, versus $954 million, or $1.36 per share, a year ago. Total operating revenue jumped to $6.63 billion from $6.48 billion.

Exxon Mobil (NYSE: XOM) reported better-than-expected results for the third quarter of 2018. The oil giant posted earnings of $6.24 billion, or $1.46 a share, up from $3.97 billion, or 93 cents per share, in the same quarter a year earlier. Analysts polled by FactSet were expecting earnings per share of $1.22. Total revenue rose to $76.61 billion from $61.10 billion, versus the FactSet consensus of $75.68 billion. Shares of the oil giant were up 1.45% in morning.

Data storage firm Seagate Technology PLC (NASDAQ: STX) shares rose 2.7% in premarket trade after the company reported net income of $450 million, or $1.54 per share, for its fiscal first quarter, up from $181 million, or 62 cents per share, a year ago. Revenue rose to about $3.0 billion from $2.63 billion.

Apple Inc. (NASDAQ: AAPL) reported better-than-expected earnings for the fiscal fourth-quarter but shares fell 5.8% in premarket trade as investors were disappointed with the iPhone maker’s decision to no longer disclose unit sales for smartphones and other products The tech giant also delivered a disappointing forecast.

Alibaba Group Holding Limited (NYSE: BABA) posted lower-than-expected revenue for the quarter ended September 30, 2018. Revenue rose 54.5% to 85.15 billion yuan ($12.39 billion) for the three months through September, versus expected 86.51 billion yuan. The company’s quarterly profit rose 13% to 20.03 billion yuan, or 6.78 yuan per share.

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