Entergy Partners with Meta, Stock Surges Over 8%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: CNBC
- Entergy Stock Surge: Entergy's stock jumped over 8% after announcing a partnership with Meta, which is expected to save Louisiana customers approximately $2 billion over 20 years, significantly enhancing the company's competitive position in the energy market.
- Carnival Lowers Profit Guidance: Carnival revised its full-year adjusted profit forecast down to about $2.21 per share from $2.48, resulting in a more than 3% drop in its stock price and causing peers like Norwegian Cruise Line and Royal Caribbean to experience similar declines.
- Meta Stock Decline: Meta's shares fell over 3% due to losing two pivotal court cases and announcing layoffs, leading to an 11% drop over the week, highlighting the legal and operational challenges the company is currently facing.
- Argan Exceeds Earnings Expectations: Argan reported fourth-quarter earnings of $3.47 per share on revenue of $262.1 million, surpassing analyst expectations, which led to a 35% increase in its stock price, showcasing its strong market performance and growth potential.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
