SAP posted fourth-quarter 2020 non-IFRS earnings, which fell -7% year-over-year to €1.69 per share ($2.02). The Zacks Consensus Estimate for earnings was $2.00. The software company’s revenues fell -6% from the year-ago quarter to €7.541 billion ($8.993 billion), (down 2% constant currency or cc). The Zacks Consensus Estimate was $9.09 billion. Cloud revenues rose +7% year-over-year to €2.04...
Canon ADR reported fourth quarter earnings of ¥0.4633 per share, compared to ¥0.3603 expected by analysts polled by Investing.com. Revenue of ¥9.08B. also beat analysts’ expected ¥8.78B. For fiscal year, net income attributable to Canon Inc. was 83.32 billion yen, down -33.3% . Earnings per share was 79.35 yen compared to 116.77 yen. Net sales fell -12.2% to 3.16 trillion yen. Looking ahead,...
Beverage company Diageo’s earnings for the first half of the year beat analysts’ expectations. The company’s adjusted earnings plunged almost -13% year-over-year to 69 (73 cents) per share, but surpassed the 67.8 pence analysts had expected. Higher operating costs and a stronger pound affected earnings. The result was bolstered by strong demand in North America, with 80% of its sales coming...
On Friday, Johnson & Johnson Inc. said that its developing coronavirus vaccine has a 72% efficacy rate in U.S. trials, a lower-than-expected result. It had an overall/global efficacy rate of 66% in the 44,000 person study of patients with moderate to severe forms of COVID-19. J&J’s one-shot vaccine doesn't require excessively low temperatures to store. The trial also revealed an 85% rate of...
Stocks like Moderna and Novovax have enjoyed sharp rallies in the swirl of coverage about Covid-19 vaccines. Missing from the action to date has been Johnson & Johnson, which has quietly developed another messenger RNA vaccine to join those already approved and in circulation. Johnson & Johnson's vaccine only requires one shot, which could make it easier to distribute in large quantities,...
Climate change is a defining issue of the next 20, 50, 100 years and beyond. The question, in my view, is whether corporations and governments ultimately do enough to temper alarming trends in carbon emissions. So far, efforts have fallen woefully short. One British hedge fund billionaire is taking a new approach to bring urgency -- and the potential for financial repercussions -- into the...
You may already know what company I'm referring to: Apple, Inc. The Cupertino-based tech behemoth just reported $111 billion of revenue in the final three months of 2020, a record-shattering level of earnings for the company. Perhaps the wildest part of the earnings announcement was CEO, Tim Cook, saying that he's never been more optimistic about Apple's future. CEOs have to say that, of...
Tesla shares have experienced a meteoric rise over the past couple of years. And that was before the company ever booked a full-year profit. 2020 changed that, with Tesla reporting a profit of $721 million on about $31.5 billion in sales. These earnings fell short of Wall Street estimates, however, and the stock traded down on the news. In 2019, Tesla booked a $862 million loss on $24.6...
Microsoft Corp. posted earnings much stronger than expected by analysts. The performance was bolstered by the tech behemoth’s cloud revenues and personal computer sales.
Microsoft’s earnings for the three months ending in December, (the company's fiscal second quarter) increased +34% year-over-year to $2.03 per share, well ahead of the Street consensus forecast of $1.64 per share.
Revenues surged +17% year-over-year to $43.1 billion, again exceeding analysts' estimates of $40.2 billion.
Intelligent Cloud revenues climbed +23% from the year-ago period to $14.6 billion, with server products and cloud services sales rising 26%, driven by a 50% jump in revenues for Azure, Microsoft's cloud offering.
Revenues in Personal computing segment rose +14% to $15.1 billion, apparently driven by the 'work-from-home' culture amid pandemic.
Tickeron's platform of Artificial Intelligence-generated can help.
According to Piper Sandler analysts, retail trading volume that goes through wholesale market makers accounted for nearly half of all trading in the first 11 days in January. For some wealth managers and trading platforms, this has been welcome news.Morgan Stanley just completed its takeover of E*Trade, reporting 900,000 new self-directed accounts over the last two quarters.
Approximately 175.5 million shares of GameStop traded hands on Monday, the
second highest one-day total ever. You can't make this stuff up.
Entering the year, GameStop was one of the most shorted stocks in the marketplace, which perhaps set it up for even more speculative bets and trading on where shares would go.Small investors, urged along on Reddit and other chat forums, piled into GameStop, sending shares surging well over 100% on Monday morning, before giving it all back and surging higher before close.
But perhaps a better question to ask today is:
will there even be movie theaters to go back to?
Perhaps the answer is yes and no.For small, independent movie theaters across the country, it may have been difficult or impossible to obtain the bridge financing needed to keep the business afloat.
BlackBerry announced an expanded partnership with Baidu, on automated high-definition mapping software that is used in Baidu's autonomous vehicle technology.
The deal broadens Baidu’s use of BlackBerry’s operating system in its "Apollo" autonomous driving open platform.The integrated system will be available on Guangzhou Automobile Group electric vehicle arm’s upcoming GAC New Energy Aion models.
).
The two companies will form joint venture PLANeT Partnership LLC, that will combine PepsiCo's marketing with Beyond Meat's plant-based food production technology.In recent years, the beverage giant has been trying to add healthier options in its snacks and drinks portfolio.
"We are thrilled to formally join forces with PepsiCo in The PLANeT Partnership, a joint venture that unites the tremendous depth and breadth of their distribution and marketing capabilities with our leading innovation in plant-based protein.
Brown & Brown reported fourth quarter earnings that beat analysts' forecast.
The insurance company’s adjusted earnings came in at $0.32 per share, beating the Zacks Consensus Estimate of $0.28 per share.The figure is also higher than the year-ago quarter’s $0.28 per share a year ago.
Over the last four quarters, the company has topped consensus EPS estimates four times.
Revenues of $642.10 million also exceeded the Zacks Consensus Estimate by 3.62%.
BancorpSouth Bank reported Q4 earnings that surpassed analysts’ expectations.Revenue, too, beat estimates.
The bank’s earnings per share came in at $0.65, compared to expectations of $0.62.
Revenue rose +4.19% year-over-year to $255.76 million, exceeding the estimate of $255.4 million.
BancorpSouth Bank is a $13 billion bank based in Mississippi, with banking and insurance operations in eight different states through almost 300 branches.
“The content threshold of 50% [isn’t] high enough, and the way we measure the content doesn’t account for U.S. jobs and economic activity,” Biden said.The executive action I’m signing today will not only require the companies make more of their components in America, but that the value of those components is contributing to our economy, measured by things like a number of American jobs created and/or supported.”
However, the conglomerate projected but strong industrial free cash flow growth for the coming year.
General Electric’s adjusted non-GAAP earnings for the three months ending in December plunged -62% year-over-year to 8 cents per share, one penny shy of the Street consensus forecast.
Revenues fell -16.5% from the year-ago quarter to $21.9 billion, slightly above the $21.822 billion expected by analysts.
“As 2020 progressed, we significantly improved GE's profitability and cash performance despite a still-difficult macro environment.said CEO Larry Culp.
Looking ahead, GE expects its adjusted earnings for the 2021 financial year in the range of 15 cents to 25 cents per share.
Many of the stocks are among the highest rated when it comes to strong fundamentals and the price performance reflects that.
Looking through a bunch of weekly charts recently, there were two software companies that really jumped out at me.The weekly stochastic indicators recently reached oversold territory for the first time in a number of years.
There are at least 10 companies set to report their latest earnings results, but I want to focus on three in particular.
Lockheed Martin (LMT) will report on Tuesday, January 26.Northrop Grumman (NOC) will release its fourth quarter results on Thursday, January 28.
All three companies have “buy” ratings on the Tickeron scorecards and all three are expected to see earnings growth compared to last year and compared to last quarter.