Cisco posted adjusted earnings of 83 cents a share, topping analysts’ expectations of 82 cents a share. Revenue of $13.1 billion also beat expectations ($12.73 billion.). Cisco’s top business segment, Secure, Agile Networks, fell 1% to $6.09 billion during the fourth quarter. Product ($9.69 billion) and Service ($3.41 billion) businesses were flattish from the year-ago period. For the full...
Lowe’s reported earnings per share of $4.67, exceeding the Zacks Consensus Estimate of $4.63. Net sales fell -0.3% from the year-ago quarter to $27,476 million, missing the Zacks Consensus Estimate of $28,195 million. Same-store sales slipped -0.3% in the quarter. However, comparable sales for the U.S. home-improvement business rose 0.2% in the reported quarter, and pro-customer sales climbed...
Target posted its second quarter earnings that plunged almost -90%, while missing analysts' expectations. The retail giant’s earnings for the quarter came in at $0.39 a share, vs. $3.65 a share a year ago. The figure is also well below FactSet's consensus estimate of $0.79 a share. Revenue of $26.04 billion, up from $25.16 billion a year earlier. Analysts expected $26.03 billion. Gross margin...
Janus International Group, Inc. adjusted earnings for the second quarter came in at $0.17 per share, exceeding the Zacks Consensus Estimate of $0.14 per share. It was $0.21 per share a year ago. Revenues of $247.71 million beat the Zacks Consensus Estimate by 7.38%. It was also higher than the year-ago quarter’s $174.18 million. The company has topped consensus revenue estimates four times...
Absa Group headline earnings rose +27% to Rands 11 billion in the first half of the year, bolstered by revenue growth. The African financial services company’s revenue for the first half climbed +14%, on the back of growth across business segments, a rebound in the insurance business in South Africa, and rising interest rates across key markets. Absa’s net interest income rose +12%, and...
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...
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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...
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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,...