GameStop reported fourth quarter revenue that surpassed analysts expectations. However, the video game retail company incurred a surprise loss for the quarter amid decelerating sales of video game console. The company posted an adjusted loss of -$1.86 per share, compared to analysts’ expected earnings of $0.84 per share. Revenue came in at $2.25 billion, beating analyst estimates of $1.95...
FedEx reported its fiscal third-quarter earnings that fell short of analysts’ expectations, as inflation hurt profit margins. The transportation/logistics company’s adjusted earnings came in at $4.59 a share, compared to $4.65 expected by analysts. The figure was $3.47 in the year-ago quarter. Revenue was $23.6 billion, vs. analysts’ expectations of $23.5 billion. The year-ago quarter...
BRC Inc., the parent of coffee retailer Black Rifle Coffee, incurred a fourth-quarter loss from a year-earlier profit. The company posted a loss of -$4.6 million, compared with net income of $976,000 in the year-earlier quarter. Revenue climbed +20% to $71.8 million. For full-year 2022, Black Rifle boosted its revenue outlook and said it would open 15 to 20 new stores to the 16 it had at...
Absa Group headline earnings more than doubled to R18.6 billion in 2021 (R8 billion in 2020), on the back of an increase in pre-provision profit and reduction in the impairments charge. Absa generates most of its income from South Africa. The country’s gross domestic product strengthened from a low base in 2020 and experienced upward momentum for most of the year. Revenue growth came in at...
Buckle reported its fourth quarter earnings that surpassed analysts’ expectations. The retail company’s adjusted earnings for the quarter ended January 2022 came in at $1.69 per share, well above the Zacks Consensus Estimate of $1.48 per share. Earnings were $1.33 per share a year ago. Buckle has surpassed consensus EPS estimates four times, over the last four quarters. Revenues of $380.93...
JD.com reported its fourth-quarter earnings that exceeded analysts’ expectations, even amid slower sales growth. The Chinese e-commerce company’s adjusted earnings per ADR came in at 2.21 yuan (35 cents) , well above 28 cents expected by analysts polled by FactSet. Earnings were also higher compared to the year-ago quarter’s 1.49 yuan. Net revenue in the quarter grew +23% year-over-year to...
Wheaton Precious Metals Corp. posted its quarterly earnings that fell short of Zacks Consensus expectations. The precious metals streaming company’s adjusted earnings came in at $0.29 per share for the quarter ended December, compared to the Zacks Consensus Estimate of $0.30 per share. The figure was $0.33 per share a year ago. Over the last four quarters, the company has not been able to...
Ulta Beauty posted its fiscal fourth-quarter 2021 results, with earnings and revenue both exceeding the Zacks Consensus Estimate. The beauty and cosmetics company’s earnings came in at $5.41 a share, well above the Zacks Consensus Estimate of $4.61. The figure is also substantially higher than the year-ago quarter’s $3.41. Net sales climbed +24.1% from the year-ago quarter to $2,729.4...
Oracle reported third quarter earnings that were weaker than expected. The software giant’s adjusted earnings came in at $1.13 per share, falling short of the Street expectations by 5 cents. Revenues climbed +4% to $10.5 billon. Organic revenue in application subscription products grew 10% to $3.2 billion, and overall organic revenues rose +7%, the strongest in ten years. The company’s Cloud...
Bumble reported its fourth quarter results that fell short of analysts’ expectations. The online dating platform posted a net loss of -8 cents per share, wider than the -2 cents a share loss expected by analysts polled by FactSet. The company’s revenue came in at $208.2 million, vs. analysts’ forecast of $209.6 million. Total paying users count climbed +10.6% year-over-year to 3 million...
MongoDB Inc. posted fiscal fourth-quarter results this week that handily surpassed analysts’ expectations. The database company incurred a loss (before certain costs such as stock compensation) of -9 cents per share – narrower than analysts’ expectation of -22 cent a share. Revenue grew +56% from the year ago quarter to $266.5 million, vs. analysts’ expectation of $243.4 million. “Our strong...
General Electric shares fell Thursday, after the company reaffirmed its lower earnings forecasts, amid supply chain disruptions. According to GE, supply chain and input cost pressures are likely to last into at least the second half of the year, and that these would affect growth profit and free cash flow well into the second half of the year. GE affirmed its expectations of adjusted earnings...
Ciena Corp posts its first quarter earnings that surpassed analysts' expectations, even as revenue missed forecasts. The telecom equipment company’s earnings came in at $0.47 a share, compared to the $0.4511 expected by analysts polled by Investing.com. Revenue of $84.44 million, however, fell short of analysts’ anticipated $853.68 million. Ciena shares are down about -14% since the beginning...
The Bank of Nova Scotia (operating under the name Scotiabank ) reported its first quarter 2022 earnings that surpassed analysts’ expectations. The banking behemoth’s adjusted earnings came in at C$2.15 a share in the quarter, beating analysts’ expectations of $2.05. The figure is also higher than year-ago quarter’s $1.88. The Canadian banking segment adjusted earnings climbed +32%...
Costco posted its fiscal second quarter earnings results that crushed analysts’ expectations. Th e retail company’s earnings for the quarter came in at $2.92 a share, well above the $2.73 a share predicted by analysts (based on Visible Alpha data). Revenue of $51.9 billion also exceeded analysts’ forecast of $51.3 billion. Comparable sales grew +14.4%, vs. +11.8% expected by analysts. The...
Cooper Companies reported its quarterly earnings results that surpassed analysts’ expectations. The medical device company’s earnings came in at $3.24 a share for the quarter, above the Zacks’ consensus estimate of $3.10. The figure was $3.17 per share a year ago. Cooper Companies revenue rose +15.7% from the year-ago quarter to $787.20 million, also exceeding analyst estimates of $739.30...
J. M. Smucker posted earnings that surpassed analysts’ expectations. The food products company’s earnings for the fourth quarter came in at $2.33 per share, topping the consensus estimate of $2.09. Revenue of $2.06 billion also exceeded analyst estimates of $2.04 billion. Recently, J. M. Smucker announced a quarterly dividend, which was paid on March 1st, of $0.99 to investors of record on...
AutoZone reported its quarterly earnings that exceeded Street expectations. The auto parts and accessories company’s earnings for the fourth quarter came in at $22.30 per share, well above the consensus estimate of $17.79. Revenue rose +15.8% from the year-ago quarter to $3.37 billion, also beating analysts' expectations of $3.16 billion. AutoZone has generated $102.82 earnings per share over...
Zoom Video Communications reported its fourth quarter earnings of $1.29 earnings per share, exceeding analysts’ expectations of $1.07. The communications technology company’s revenue rose +21.4% from the year-ago quarter to $1.07 billion for the quarter, also higher than analysts' estimates of $1.05 billion. Over the last year, Zoom Video generated $3.76 earnings per share ($3.76 diluted...
Hewlett Packard Enterprise posted its first-quarter fiscal 2022 non-GAAP earnings of 53 cents per share, exceeding the Zacks Consensus Estimate by 15.2%. The figure is also higher than the company’s guidance of 42-50 cents. The year-ago quarter’s earnings were 52 cents per share. Revenues rose +2% from the year-ago quarter to $7 billion, shy the consensus expectation of $7.02 billion...