IBM posted stronger-than-expected third quarter earnings. Revenues, too, beat expectations. The software company’s adjusted earnings came in at $1.81 per share for the three months ending in September, topping the Street forecasts by around 3 cents per share. Revenues rose +6% from the year-ago quarter to $14.1 billion, exceeding the Street consensus forecast of $13.5 billion. Revenues from...

Tesla shares plunged on Thursday, after the electric carmaker's s third quarter sales came in lower than analysts’ expectations. The company also cautioned that its full-year vehicle deliveries may be lower than its 50% growth target. Revenues climbed +56% from the year-ago quarter to $21.45 billion, shy of analysts' expectations of $21.96 billion. Tesla’s adjusted earnings for the quarter...

J.B. Hunt reported third quarter earnings of $2.57 per share, beating analysts’ expectations of $2.45 per share. Revenue rose by +22.1% year-over-year to $3.83 billion, also exceeding the Street forecast of $3.8 billion. The current consensus EPS estimate is $2.44 on $3.81 billion in revenues for the coming quarter and $9.62 on $14.96 billion in revenues for the current fiscal year (according...

Netflix posted diluted earnings of $3.10 per share, that exceeded the Street expectations of $2.13 per share. Revenue rose +6% from the year-ago quarter to $7.93 billion, compared to analysts’ expectations of $7.84 billion. Netflix added almost 2.4 million global subscribers in the quarter, beating estimates of 1 million. However, the figure is lower than the 4.4 million in the year-ago...

Hasbro posted its third quarter earnings that missed the Street expectations. The toymaker’s earnings came in at $1.42 a share compared to the $1.52 expected by analysts (based on Refinitiv poll). Revenue for the quarter fell -15% from the year-ago quarter to $1.68 billion vs. $1.68 billion expected. Hasbro’s entertainment segment experience a – 34% plunge in revenue, while Film and TV...

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...