Johnson & Johnson reported third quarter earnings that topped the Street expectations. The company also boosted its full-year profit outlook, as strength in pharmaceuticals sales offset a decrease in Covid vaccine revenues. Johnson & Johnson’s adjusted earnings for the three months ending in September fell -1.9% year-over-year to $2.55 per share, but exceeded analysts’ expectations by 7...
Goldman Sachs Group posted third quarter earnings that exceeded expectations. The banking behemoth also announced plans to restructure its business divisions. Goldman’s earnings for the three months ending in September fell -44.7% from the year-ago quarter to $8.25per share, topping the Street expectations of $7.69 per share. Revenues fell -12% year-over-year to $11.98 billion, compared to...
The PNC Financial Services Group, Inc. reported third-quarter adjusted earnings of $3.78, which surpassed the Zacks Consensus Estimate of $3.66 (as reported in Zacks Equity Research). Revenues rose +6.8% from the year-ago quarter to $5.55 billion, surpassing the Zacks Consensus Estimate of $5.39 billion.(as reported in Zacks Equity Research). Net interest income surged +21.8% from the...
Morgan Stanley posted its quarterly diluted earnings of $1.47 per share, missing the $1.52 a share expected by analysts polled by FactSet. Revenues of $12.99 billion for the quarter ended September, vs. analysts' expectations of $13.29 billion (based on FactSet poll) . Revenues were $14.75 billion a year ago. The financial firm’s net interest income climbed +49% year-over-year to $2 billion,...
Citigroup’s revenue rose +6% from the year ago quarter to $18.51 billion, beating analysts’ expectations of $18.25 billion. The bank’s adjusted earnings came in at $1.50 per share, exceeding analysts’ expectations of $1.42 per share (according to Refinitiv poll). Revenues from Citi’s fixed income segment came in at $3.06 billion, missing analysts’ expectations of $3.19 billion. Equities...
BNY Mellon reported its third quarter earnings that exceeded the Street expectations. The banking behemoth’s adjusted earnings came in at $1.21 a share , topping analysts’ expectations of $1.10 a share. Revenue climbed + 6% from the year-ago quarter to $4.28 billion, vs. analysts’ expectations of a 4.2% growth (as reported in Sharecast.com) . Net interest revenues were up +44%. BNY chief...
Bank of America posted its earnings of 81 cents per share, surpassing the Street consensus forecast of 77 cents per share. The figure, however, is -4.7% lower from the year-ago quarter. The bank’s revenues climbed + 8% year-over-year to $24.5billion, compared to analysts’ expectations of $22.87 billion tally. Net interest income climbed +24% from the year-ago quarter to $13.8 billion. The...
Delta Air Lines’ third-quarter adjusted earnings (excluding 42 cents from non-recurring items) came in at $1.51 per share, lower than the Zacks Consensus Estimate of $1.56 (as reported by Zacks Investment Research). Operating expenses, multiple flight cancellations and weakness in booking due to Hurricane Ian contributed to the earnings miss. The carrier’s revenues rose +52% from the year-ago...
BlackRock, Inc. ‘s third-quarter 2022 adjusted earnings climbed +15.8% year-over-year to $9.55 per share, beating the Zacks Consensus Estimate of $7.93 (as reported by Zacks Equity Research). Total expenses were $2.79 billion, down -10.6% year-over-year.. Revenues (on a GAAP basis) fell -14.6% from the year-ago quarter to $4.31 billion, vs. the Zacks Consensus Estimate of $4.41 billion. The...
PepsiCo posted its third-quarter earnings and revenue that surpassed analysts; expectations. The beverage giant also boosted its guidance. Earnings for the quarter came in at $1.97, crushing the $1.84 expected by analysts polled by Refinitiv. Revenue was $21.97 billion vs. $20.84 billion expected. Frito-Lay North America division revenue climbed +20% notwithstanding a volume decrease. Quaker...
Levi’s posted third quarter sales that surpassed expectations. However, the denim company slashed its guidance for the full-year. Revenue came in at $1.51 billion, compared to the Street’s consensus for $1.59 billion. The company now expects net revenue growth of between 6.7% to 7% for the full-year, down from a prior forecast of 11% to 13% growth. The outlook revision comes amidst an...
Conagra Brands Inc, posted its earnings and revenue for the quarter to Aug. 28, that surpassed the Street expectations. The food company, and owner of brand such as Birds Eye, Health Choice, and Slim Jim, incurred a net loss of -$77.5 million, or -16 cents a share, compared to a net income of $235.4 million, or 49 cents a share in the year-ago quarter. Adjusted earnings for the quarter came...
SMART Global Holdings, Inc. posted adjusted earnings of $0.80 per share for the quarter ended August, well above the Zacks Consensus Estimate of $0.65 per share. The figure, however, is lower than the year-ago quarter’s $1.08 per share. The company’s revenues came in at $437.7 million, falling short of the Zacks Consensus Estimate by 0.53%. Revenues were $467.71 million a year ago. Non-GAAP...
Abercrombie & Fitch Co . shares got a reiterated Outperform rating and a price target of $25.00 from Telsey Advisory Group analyst Dana Telsey. According to Telsey, inventory balances are expected to be right-sized to demand trends ahead of the holidays. The pullback in orders from companies such as Walmart Inc creates a more favorable chase environment, the analyst indicated. Telsey...
Walt Disney Co. shares got a reaffirmed Hold rating from Needham analyst Laura Martin. For 4Q22, Martin maintained the revenue estimate at $21.2 billion (representing a y/y growth of 14% ). However, she lowered her forecast for the operating income by 29% to $1.9 billion. Martin’s guidance reflects Content Sales Licensing & Other OI estimate of $100 million below 4Q21 levels (a loss of $65...
Honeywell Board of Directors approved a hike in the company's regular annual cash dividend to $4.12 per share from $3.92. “Honeywell continues to deliver strong financial performance despite challenging economic headwinds, and we are pleased to announce an increase to our dividend today for the 13th time over twelve consecutive years," said Chairman and CEO Darius Adamczyk. The dividend boost...
Alibaba Group Holding Limited shares got a price target cuts from JPMorgan Chase & Co and Morgan Stanley analysts who cited sales concerns amidst softening demand conditions. According to Bloomberg reports on analysts’ views, Alibaba’s sales outlook for the September quarter is dampening on soft China consumption. JPMorgan slashed its price target for Alibaba to $135 from $145, mentioning...
Cintas Corporation reported first-quarter fiscal 2023 (ended Aug 31, 2022) earnings of $3.39 per share, rising +9% year-over-year, and surpassing the Zacks Consensus Estimate of $3.15. Total revenues grew +14.2% year-over-year to $2,166.5 million, also beating the Zacks Consensus Estimate of $2,078.2 million. Organic sales climbed +13.9% year over year. Revenues from the Uniform Rental and...
Cognyte Software Ltd posted its second-quarter FY23 non-GAAP loss per share of -$0.04, narrower than consensus expectation of a -$0.17 loss. Non-GAAP revenue plunged -30.1% year-on-year to $81.3 million, missing the consensus expectation of $92.5 million. The company’s revenue in Software segment fell -43.7% year-on-year to $27.02 million. Software service revenue was down -15.7% year-on-year...
Vizsla Silver shares coverage was initiated by Stifel Nicolaus with a buy rating on the stock (The Fly reports), In recent times, some other research analysts have also issued reports about the shares: HC Wainwright raised their price target to $2.00 from $1.90 and gave the stock a buy rating in a research report on Thursday, September 22nd; Raymond James in a report on July 19th, gave an...