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...

Visa posted its third quarter earnings of $1.98 a share, exceeding the consensus expectation of $1.74. Revenue climbed +19% from the year-ago quarter (or 21% on a constant-dollar basis) to $7.3 billion, also beating the consensus estimate of $7.06 billion. CEO Alfred F. Kelly, Jr. said, "Sustained levels of growth in overall payments volume, cross-border volume and processed transactions...

3M posted quarterly adjusted earnings of $2.48 per share, lower than the $2.65 a share that analysts polled by FactSet had expected. Sales decreased to $8.70 billion from the year-ago quarter’s $8.95 billion and reflected a negative impact from foreign-exchange rates of 4 percentage points. The FactSet consensus estimate was $8.57 billion. The company slashed its outlook to -2.5% to -0.5%...

Lam Research reported quarterly adjusted earnings of $8.83 per share, topping the Zacks Consensus Estimate of $7.31 per share. The year-ago quarter’s earnings were $8.09 per share. The semiconductor equipment company’s revenues grew +11.8% from the year-ago quarter to $4.64 billion for the quarter ,exceeding the Zacks Consensus Estimate by 10.14%. Revenues from the company’s system business...

CME Group posted second quarter earnings of $1.97 per share, exceeding the Zacks Consensus Estimate of $1.92 per share. The figure is higher than the year-ago quarter’s $1.64 per share. The company’s revenues came in at $1.24 billion for the quarter, missing the Zacks Consensus Estimate by 0.77%. Revenues were $1.18 billion a year ago. Following their earnings release, research analysts at...

Equinix reported its second quarter earnings that topped analysts' expectations. Revenue was in line with estimates. The company’s earnings per share came in at $2.37, exceeding analysts’ expectations of $1.8 (based on Investing.com poll). Revenue was $1.82 billion in the quarter, similar to analysts’ estimates. For the current quarter ending in October, Equinix is expecting revenue in the...

Automatic Data Processing, Inc. reported fourth-quarter fiscal 2022 results that surpassed the Zacks Consensus Estimate. The human resources company’s adjusted earnings in the quarter came in at $1.50 per share, exceeding the Zacks Consensus Estimate by 1.4%. Revenues rose +10.5% from the year-ago quarter to $4.13 billion, beating the consensus estimate by 1.8%. The company’s employer...

Intel reported its second quarterly earnings that heavily fell short of analysts’ expectations. The tech giant’s outlook for the full-year is also weaker than the Street estimates. Adjusted earnings came in at 29 cents per share, well below the 70 cents per share expected by analysts polled by Refinitiv. Revenue decreased 22% from the year-ago quarter to $15.32 billion. It fell short of...

Amazon posted a second-quarter loss of -$2 billion, or -20 cents a share. The loss was attributed partly to its investment in electric truck manufacturer Rivian. It is also the first time that the e-commerce giant has posted back-to-back quarterly losses since the second and third quarters of 2014. In the year-ago quarter, Amazon reported earnings of 76 cents a share. The company’s revenue in...

Mondelez second quarter earnings exceeded analysts’ expectations, on the back of strong revenue. Adjusted earnings came in at 67 cents per share, 3 cents above estimates. Net revenue rose about +10% from the year-ago quarter to $7.27 billion, beating estimates of $6.78 billion, according to IBES data from Refinitiv. The Oreo maker expects 2022 organic net revenue growth of more than 8%,...

Qualcomm posted its third quarter earnings that topped analysts’ expectations on solid revenue growth. Quarterly non-GAAP earnings for the quarter were $2.96 per share, growing from the year-ago quarter’s $1.92 per share. The bottom line also surpassed the Zacks Consensus Estimate by 10 cents. Non-GAAP revenues in the reported quarter were $10,928 million compared with consensus expectation...

Coca-Cola posted its second-quarter earnings this week, beating analysts’ expectations as sales at several public places recovered from the pandemic. The beverage behemoth’s adjusted earnings in the quarter came in at 70 cents, well above the67 cents expected by analysts. Revenue was $11.3 billion, versus $10.56 billion expected. Revenue grew +12% year-over-year on higher pricing and an...

Alphabet reported its second-quarter earnings that missed analysts’ expectations. The tech giant’s adjusted earnings fell -11% from the year-ago quarter to $1.21 per share, also lower than the $1.28 expected by analysts (according to Refinitiv poll of analysts). Revenue grew +12.6% from the year-ago quarter to $69.7 billion compared to $69.9 billion expected. The company’s revenue from...

Hasbro reported earnings that surpassed the Zacks Consensus Estimate for the fiscal second quarter, although revenues fell short of expectations. The toy and games company’s adjusted earnings came in at $1.15 per share, well above the Zacks Consensus Estimate of 88 cents. The figure is also higher than the year-ago quarter’s $1.05. Revenues inched up +1% year-over-year to $1,339.2 million in...

DR Horton reported third quarter earnings that exceeded analysts' expectations, despite revenue missing estimates. The homebuilding company’s earnings came in at $4.67 per share, compared to analysts’ expectations of $4.5 (per Investing.com poll). Revenue of $8.79 billion fell short of analysts’ expectations of $8.81 billion. The company now expects full-year revenue in the range of $33.8...

Equifax posted its second quarter earnings that surpassed analysts' forecasts, while its revenue was in line with estimates. The company’s earnings came in at $2.09 per share, compared to $2 expected by analysts polled by Investing.com. Revenues climbed +7% to $1.32 billion, similar to analysts’ forecasts. Core revenue growth in the quarter was +19%, and core organic revenue growth came in at...