Marriott International Inc. posted its fourth-quarter earnings that surpassed analysts’ expectations. The hotel chain’s earnings came in at $1.42. Earnings, adjusted for non-recurring gains, were $1.30 per share. Zacks Investment Research analysts expected $1.02 per share. For the full year, Marriott reported net income of $3.34 per share. Revenue was $13.86 billion...
ViacomCBS VIAC shares fell Wednesday, after the media giant reported its fourth quarter earnings that fell short of analysts’ expectations. The company also announced its change of name to Paramount. Viacom’s earnings for the quarter ended December came in at 26 cents per share, well below the Street forecasts. Revenues rose +16% from the year-ago quarter to $8 billion. Streaming revenues...
Tesla shares rose further Tuesday, following the news that founder and CEO Elon Musk now owns more than a fifth of the company. According to a SEC filing, Musk held a passive 21.2% stake in the electric carmaker, as of December 31. This represents around 231,715 shares and is a 2% increase from a 2020 filing. Musk also donated just over 5 million shares to a charity between November 19 and...
Under Armour reported fourth-quarter earnings and sales that beat analysts’ expectations. However, supply chain constraints weigh on its projection. Adjusted earnings came in at 14 cents , well ahead of 7 cents expected by analysts polled by Refinitiv. Revenue of $1.53 billion also topped the Street estimates of $1.47 billion. Net revenue in North America grew +15% year-over-year ...
PepsiCo reported its fourth quarter earnings that topped analysts’ expectations. Revenue, too beat Street estimates. However, the beverage behemoth’s projection on the full-year performance fell short of analysts’ forecasts. The company’s adjusted earnings came in at $1.53 a share, compared to $1.52 expected by analysts polled by Refinitiv. Revenue of $25.25 billion also beat $24.24 billion...
Disney posted its fiscal first quarter earnings that crushed analysts’ expectations. The entertainment giant’s revenue also surpassed estimates. Adjusted earnings for the quarter came in at $1.06, vs 63 cents expected by analysts polled by Refinitiv. Revenue of $21.82 billion was well above expectations of $20.91 billion. Disney+ total subscriptions was 129.8 million as of quarter-end, also...
Pfizer Inc. reported its fourth quarter earnings that surpassed expectations. The biotech company’s adjusted earnings for the three months ending in December surged +157% from the year-ago quarter to $1.08 per share, beating the Street consensus forecast of 87 cents. Revenues rose +104% year-over-year to $23.8 billion, compared to analysts' estimates of $24.1 billion. Looking ahead, Pfizer...
General Motors shares fell lower Tuesday, after analysts at Morgan Stanley lowered their rating and price target on the automaker’s stock. Morgan Stanley analyst Adam Jonas slashed his rating on General Motors to equal-weight. The analyst lowered his price target by $20 to $55 per share. Jonas mentioned that GM’s shift to electric vehicles will likely lead to a negative compound annual growth...
Amazon posted its fourth quarter earnings that handily topped analysts’ expectations. The e-commerce behemoth’s earnings came in at $5.80 a share, compared to $3.57 expected by analysts polled by a Refinitiv survey. Revenue for the quarter was $137.4 billion vs $137.6 billion expected, according to a Refinitiv. The company projects first quarter revenue in the range of $112 billion and $117...
Honeywell International Inc. reported its fourth-quarter earnings that beat expectations. However, the guidance offered by the conglomerate was weaker than expected. The company's earnings came in at $2.09 a share, compared to analysts’ expectations of $2.08 a share. Revenue was $8.66 billion compared to the Street estimates of $8.73 billion. The company said it was "an extremely challenging...
The Hershey Company posted fourth-quarter results, with both earnings and revenue beating the Zacks Consensus Estimate. The chocolate maker’s adjusted earnings for the quarter grew +13.4% from the year-ago quarter to $2.10 a share, surpassing Zacks Consensus Estimate of $1.69. Consolidated net sales climbed +6.4% year-over-year to $2,326.1 million, compared to the Zacks Consensus Estimate of...
The U.S. economy added 467,00 new jobs last month, exceeding expectations. The Bureau for Labor Statistics data revealed that the figure was well above the Street consensus forecast of 150,000. The data also showed that headline unemployment rate rose to 4.0 percent in January, little changed from December's new pandemic low but slightly higher than market expectations of 3.9 percent. Hourly...
Match Group reported its fourth-quarter earnings, that fell short of analysts' expectations. The dating app company incurred a loss of -$0.47 per share, compared to the Street expectations of earnings of $0.60 a share. Revenue came in at $806 million in the quarter, below analysts’ expectation of $821 million. Total revenue per payer (RPP) rose +8% year over year to $16.16 million. RPP from...
Alphabet reported its fourth quarter earnings that surpassed analysts’ expectations. Revenues also came in higher than anticipated. The tech behemoth’s earnings for the quarter was $30.69, well above the $27.34 expected by analysts according to Refinitiv. Revenue of $75.33 billion also beat expectations of $72.17 billion according to Refinitiv. Google’s advertising revenue in the quarter rose...
Intel reported fiscal fourth-quarter earnings that surpassed analysts’ expectations, The cloud computing company’s adjusted earnings came in at $1.09, handily topping the $0.91 expected by analysts polled by Refinitiv. Revenue of $19.5 billion also exceeded analysts’ estimate of $18.31 billion. The company expected $18.3 billion in adjusted sales in the first quarter of 2022, higher than...
Comcast posted its fourth quarter earnings that surpassed analysts’ expectations, even as it missed estimates on high-speed internet additions. The telecom giant’s adjusted earnings came in at 77 cents, topping the 73 cents expected by analysts polled by Refinitiv. Revenue of $30.34 billion also exceeded the $29.61 billion estimated. The company’s net additions of high-speed internet...
Mondelez posted its fourth quarter earnings that missed analysts' expectations, even as revenue surpassed forecasts. The confectionary giant’s earnings came in at $0.71 a share, below the $0.7187 expected by analysts polled by Investing.com. Revenue of $7.66 billion was above analysts’ expectations of $7.58 billion. Adjusted operating income of the North America business for the full year...
Apple posted its earnings for the three months ending December 25, crushing analysts’ expectations. The iPhone maker’s earnings for the quarter climbed +25% from the year-ago quarter to $2.10 a share, well ahead of the $1.89 expected by analysts polled by Refinitiv. Revenue rose +11% year-over-year to $123.9 billion vs. $118.66 billion estimated. iPhone revenue came in at $71.63 billion,...
Caterpillar reported its fourth quarter earnings that surpassed analysts’ expectations, on the back of a rebound in construction equipment sales and increasing commodity prices. The agricultural equipment maker's adjusted earnings for the three months ending in December rose +27% from the year-ago period to $2.69 per share, exceeding the Street consensus expectations of $2.26 per share...
3M posted fourth-quarter earnings of $2.31 per share, beating analysts’ expectations of $2.02 (based on Investing.com poll). Revenue came in at $8.61 billion, vs. analysts’ estimate of $8.6 billion. The company’s free cash flow of $1.5 billion was also ahead of the $1.3 billion expected by the Street. However, operating profit margins in the fourth quarter narrowed to 18.8%, from 21.5% in the...