Walmart posted its fiscal second quarter earnings that exceeded analysts’ expectations, even amidst cooling off of consumers’ demand for discretionary items, The big box retail giant’s adjusted earnings came in at $1.77 per share, well above the $1.62 expected by analysts’ polled by Refinitiv. Revenue of $152.86 billion was also higher than analysts’ expectations of $150.81 billion. The...
Swing trader: Long-Short Equity Strategy The main goal of this AI Robot is to allow traders to make profit consistently regardless of the current market conditions. Long-short equity is a trading strategy that takes long positions in stocks that are expected to grow and short positions in stocks that are expected to decline. Based on our proprietary fundamental analysis methods, we have...
Electric vehicle maker Rivian Automotive reported second-quarter revenue that exceeded Wall Street expectations. The electric vehicle maker’s adjusted loss was -$1.62 per share, compared to the -$1.63 per share loss anticipated by analysts. Revenue of $364 million came in higher than expectations of $337.5 million. Rivian reaffirmed its expectations to make about 25,000 vehicles in 2022, in...
Siemens AG posted a net loss of EUR1.66 billion ($1.71 billion) for the quarter ending June 30, compared to analysts’ forecast of EUR532 million loss according to consensus estimates provided by Siemens (as reported in MarketWatch). This is the German company's first quarterly loss since the fourth quarter of 2010, It had a profit of EUR1.35 billion a year earlier. Revenue for the quarter...
Brookfield Asset Management posted its second quarter earnings that surpassed analyst expectations, according to Zacks Consensus Estimate. For the quarter ending June, the company’s adjusted earnings came in at $0.84 per share, beating the Zacks Consensus Estimate of $0.73 per share. Earnings were $0.49 per share a year ago. Revenues of $23.26 billion for the quarter also beat the Zacks...
Since January 2022, the main US stock index S&P 500 has fallen by 12%. And the maximum drawdown in June reached 23%... During the same period, several of our AI Robots have shown excellent results. Take a look at this robot: Trend Robot With Pattern Entries This AI Robot generate trades by finding oversold or overbought dips on charts with 15 min time frames. The Entry Points (Buy signals for...
Fox Corporation reported its fiscal fourth-quarter adjusted earnings of 74 cents, which fell short of the Zacks Consensus Estimate by 6.3%. The figure is +13.8% higher year over year. Revenues rose +4.9% year over year to $3.03 billion, but missed the Zacks consensus estimate by 0.8%. The company’s Affiliate fees (56.9% of revenues) increased +3.7% to $1.72 billion. Revenues from Advertising...
Walt Disney reported third quarter earnings that surpassed expectations. The entertainment giant also announced adding more than 14 million new subscribers to its Disney+ streaming service. Disney’s adjusted diluted earnings for the three months ending in June increased +36.5% from the year-ago quarter to $1.09 per share, well above the Street expectations of 97 cents per share. Revenues...
Cigna Corp. Q2 adjusted earnings came in at $6.22 a share, surpassing analysts’ expectations of $5.49 a share ( based on FactSet poll). The healthcare company's revenue climbed +5.45% year-over-year to $45.48 billion vs. analysts’ estimates of $44.49 billion, (according to FactSet). Evernorth segment, which covers pharmacy services, benefits management, care solutions and data and analytics,...
ANSYS Inc. posted its second-quarter 2022 earnings fell -4.3% from the year-ago quarter to $1.77 per share, but surpassed the Zacks Consensus Estimate by 9.94%. Non-GAAP revenues rose +5% year-over-year (up +12% at constant currency or cc) to $475.9 million, beating the Zacks Consensus Estimate by 1.97%. The software company’s Subscription lease revenues (28.4% of non-GAAP revenues) rose...
Fortinet Inc. posted second-quarter 2022 non-GAAP earnings of 24 cents per share, which surpassed the Zacks Consensus Estimate of 22 cents. The figure is also higher than the year-ago quarter’s 19 cents per share. Total revenues surged +28.6% from the year-ago quarter to $1.03 billion, in line with the Zacks Consensus estimate. Growth was bolstered by solid demand for FortiGate technology...
ConocoPhillips posted its second-quarter adjusted earnings per share of $3.91, which exceeded the Zacks Consensus Estimate of $3.78. The prior-year quarter’s $1.27 per share. The oil and gas major’s quarterly revenues came in at $21,989 million(vs. prior-year quarter’s 2021 $10,211 million), beating the Zacks Consensus Estimate of $18,019 million. The results were bolstered by higher...
eBay adjusted earnings for the second quarter came in at 99 cents per share, exceeding expectations of 89 cents. The company’s revenue fell -9% from the year-ago quarter to $2.42 billion, topping expectations of $2.37 billion. The y/y decrease was attributed to the softening transactional activities on eBay’s and weakening marketing services. Active buyer base fell -12% y/y to 138 million as...
Allianz total revenues increased + 8.2% from the year-ago quarter to 37.1 billion euros in the second quarter, while the company's operating profit rose +5.3 percent to 3.5 billion euros, the key driver being Property-Casualty business. Net income attributable to shareholders, however, fell -23.3% to 1.7 billion euros. For full-year 2022, Allianz expects operating profit at 13.4 billion...
Caterpillar reported second quarter adjusted earnings of $3.18 per share, beating the FactSet consensus of $3.01. The figure is also higher than the year-ago quarter’s $2.60 a share. Total sales climbed +10.5% from the year-ago quarter to $14.25 billion, but was just below the FactSet consensus of $14.28 billion. Sales from Construction Industries rose +6.7% year-over-year to $6.03 billion,...
Suncor Energy reported a more than fourfold surge in profit in its second quarter, thanks to higher crude oil prices. The company also indicated its plans to divest assets. Net earnings rose more than fourfold to C$3.996 billion ($3.11 billion), or C$2.84 per share for the quarter ended June, compared with C$868 million, or 58 Canadian cents a year earlier. The company's net synthetic crude...
Yum! Brands, Inc. posted its second quarter earnings that fell short of analysts’ expectations. The fast food company’s earnings excluding special items fell -9% from the year-ago quarter to $1.05 per share, compared to the $1.10 expected by analysts polled by Thomson Reuters. GAAP earnings came in at $0.77, which is -40% lower year-over-year. Revenues rose +2% year-over-year to $1.64...
Advanced Micro Devices, Inc. (AMD) reported its fiscal second quarter earnings that topped analysts’ expectations, while revenue was close to estimates. The semiconductor company’s earnings for the quarter were $1.05 per share, which exceeded analyst’ expectations of $0.91 per share. Revenue surged +70% year-over-year to $6.6 billion, in line with expectations. The company’s revenue from its...
Starbucks posted its fiscal third quarter earnings that crushed analysts’ expectations, as strong demand in the U.S. offset weakness from China. The coffeehouse chain’s adjusted earnings in the quarter came in at 84 cents, well above the 75 cents expected by analysts polled by Refinitiv. Revenue climbed +9% from the year-ago quarter to $8.15 billion vs. $8.11 billion expected by analysts...
Apple posted net income of $1.20 a share, compared with $1.30 a share, in the year-earlier period. Analysts polled by FactSet had expected $1.16 in earnings per share. The iPhone maker’s revenue came in at $83 billion (vs. $81.4 billion in its fiscal third quarter), surpassing the $82.8 billion expected by analysts polled by FactSet. Apple had cautioned on the last earnings call about...