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JPMorgan, Lululemon and more: The week in earnings

The article from MoneySense discusses the recent earnings reports of several major companies. JPMorgan Chase reported a significant profit increase, driven by higher interest rates and loan growth, although it set aside more money for potential loan losses. Lululemon Athletica exceeded expectations with strong sales growth, particularly in North America and China, and raised its full-year guidance. Tesla, on the other hand, faced challenges with lower-than-expected earnings due to price cuts and increased costs, but still managed to beat revenue forecasts. Additionally, Netflix saw a subscriber surge, thanks to its crackdown on password sharing and the introduction of an ad-supported tier, leading to a positive outlook for future growth. These earnings reflect a mixed economic environment where consumer spending remains robust in some sectors while others grapple with economic pressures.

Read the Full MoneySense Article at:
[ https://www.moneysense.ca/save/investing/jpmorgan-lululemon-and-more-the-week-in-earnings/ ]