Workday posted its fiscal Q3 quarterly adjusted earnings of $0.99 per share, which exceeded the Zacks Consensus Estimate of $0.84 per share. Earnings were $1.10 per share a year ago (according to Zacks Equity Research). Revenues came in at $1.6 billion for the quarter (rising from $1.33 billion a year ago), beating the Zacks Consensus Estimate by 1.18%. Subscription revenue climbed +22% to...
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Hormel Foods reported fourth-quarter earnings that topped analysts’ expectations. However, the food company’s forecast for 2023 sales were lower than anticipated. Diluted earnings for the quarter came in at 51 cents a share, vs. Wall Street analysts’ expectations of 50 cents a share. Net sales in the quarter were down -5% year-over-year to $3.3 billion, with organic net sales up +2%,...
Biogen shares plunged on Monday, following reports that a woman who participated in a trial of the drugmaker's developing Alzheimer's treatment died due to a brain hemorrhage. The company is developing the drug with Eisai Co. According to Science.org, the case involved a 65-year-old woman who died of a massive brain hemorrhage following a stroke and a type of brain swelling and bleeding in a...
Campbell Soup Company reported fiscal Q4 earnings in line with expectations. For the three months ending September 1st, the food company’s earnings came in at $0.56 per share, matching the consensus. The figure is above the year-ago quarter’s $0.55 per share. Revenue of $1.99 billion was slightly higher than the year-ago quarter’s $1.98 billion. Earlier in the week, Campbell Soup entered into...
Nordstrom posted its third quarter adjusted earnings of $0.20 per share, well above analysts’ expectations of $0.14 per share. The figure was lower than $0.39 per share a year ago, though. Revenues for the quarter slipped -2.5% from the year-ago quarter to $3.55 billion, just ahead of Street forecasts. Sales at Nordstrom Rack fell -1.8% year-over-year. Digital sales were down -16%, partly due...
Ingles reported its net sales of $1.45 billion for the quarter ended September 24, 2022, compared with $1.34 billion in the year-ago quarter. Excluding gasoline sales, the supermarket chain’s comparable store sales climbed +5.2%. Gross profit for the fourth quarter of fiscal 2022 totaled $364.8 million, or 25.1% of sales (vs. $341.3 million, or 25.6% of sales in the year-ago period). Diluted...
Deere reported net income for the quarter ending Oct. 30 of $7.44 a share, which surpassed the FactSet consensus of $7.11 a share. Earnings were $4.12 a share in the year-ago quarter. Total revenue climbed +37.2% year-over-year to $15.54 billion, well above Wall Street expectations of $14.40 billion (according to FactSet). Price realization was positive by about 19 percentage points, thereby...
Autodesk posted third-quarter fiscal 2023 non-GAAP earnings of $1.70 per share, in line with the Zacks Consensus Estimate (as reported by Zacks Equity Research). Revenues grew +14% from the year-ago quarter to $1.28 billion, meeting the consensus (according to Zacks Equity Research ). On a constant-currency basis, revenues climbed +15%. The software company’s subscription revenues (~93% of...
Chinese online search engine Baidu reported non-GAAP earnings per American depository share (EPADS) of $2.37, which was 17 cents higher than Wall Street consensus. Sales of $4.57 billion were climbed + 2% year-over-year. "Baidu Core delivered a solid set of financial and operational results in the third quarter, despite the continued challenges posed by the COVID-19 resurgence," mentioned CEO...
Best Buy posted third quarter earnings that crushed analysts’ expectations. The consumer electronics retail company’s adjusted earnings for the quarter came in at $1.38, well above analysts’ expectations of $1.03 per share. Revenue of $10.59 billion also topped consensus of $10.31 billion expected. Comparable sales decreased by -10.4%, less sharp vs. - 12.9% that analysts expected( according...
Alibaba Group Holding Limited posted its second-quarter fiscal 2023 non-GAAP earnings of $1.82 per ADS (RMB 12.92), exceeding the Zacks Consensus Estimate by +9% (as reported by Zacks Equity Research). Revenues were up +3% year-over-year to RMB 207.2 billion ($29.1 billion), missing the Zacks Consensus Estimate by -6.3% (as reported by Zacks Equity Research). China Commerce segment (65% of...
Bath & Body Works Inc. reported net income of 40 cents a share for its third quarter, handily topping analysts’ expectations of 20 cents a share (based on FactSet poll). The figure was 66 cents a share in the year-ago quarter. The fragrance and skincare company’s revenue decreased -5% to $1.6 billion, vs. analysts’ expectations of $1.56 billion. For the fourth quarter (including the key...
Applied Materials posted fourth quarter earnings that surpassed analysts’ expectations. The chip equipment company’s adjusted earnings came in at $2.03 a share for the October quarter, beating the consensus of $1.73 (based on FactSet survey). Revenue of $6.75 billion also topped analysts’ expectations of $6.45 billion. Applied Materials’ Semiconductor Systems segment generated sales of $5.04...
Nvidia posted its third-quarter adjusted earnings, which exclude stock-based compensation expenses and other items, of 58 cents a share, much lower than the year-ago quarter’s $1.17 a share. Analysts had expected 71 cents a share. The fabless company’s revenue fell to $5.93 billion from $7.1 billion in the year-ago quarter as gaming sales plunged. The figure is still higher than analysts’...
Cisco posted its fiscal first quarter earnings that surpassed analysts’ expectations. The IT/Networking company’s earnings for the quarter came in at 86 cents per share, above the 84 cents expected by analysts polled by Refinitiv. Revenue rose +6% year-over-year to $13.6 billion, also topping analysts’ estimates of $13.3 billion (according to Refinitiv). Revenue from Cisco’s largest business...
Target posted earnings that missed analysts’ expectations, while also warning of possible fourth quarter challenges. The retail company’s adjusted earnings came in at $1.54 per share, compared to analysts’ estimates for $2.17. Operating profit margin, at 3.9%, was well below estimates for 5.35%. “With high rates of inflation continuing to erode their purchasing power, many consumers this year...
Lowe’s reported third quarter earnings of $3.27 per share, beating analysts’ expectations of vs. $3.10 The home improvement retail chain’ s revenue rose +3% from the year-ago quarter to $23.48 billion, also topping the Street estimates of $23.13 billion. According to CNBC report, Chief Executive Marvin Ellison indicated that the tough housing market and rising interest rates haven't impacted...
Apple CEO Tim Cook indicated, in an interview with CBS Mornings, that the iPhone maker has slowed some hiring into the final quarter this year, Cook said during the interview that while Apple will continue to hire, it will make targeted additions to its estimated global headcount of around 165,000. "What we're doing as a consequence (to the economic uncertainty) in this period, is we're being...
Amazon might be planning to layoff around 10,000 people, according to a report from the New York Times. The retrenchment would be the largest in Amazon history. The report indicated that the layoffs (which would represent around 3% of Amazon’s global workforce) will be concentrated in the devices, retail and human resources segments. Some employees working on the company’s virtual assistant...