SolarEdge Technologies Inc. posted its third quarter results after the bell Monday, leading to its shares soaring on Tuesday. The smart energy technology company’s third-quarter revenue rose to $836.7 million, from $526.4 million in the year-ago quarter. The company mentioned that it generated a record revenue of $788.6 million in its solar segment. SolarEgde’s revenues in Europe surged +90%...
Alliant Energy Corporation reported third-quarter 2022 operating earnings of 93 cents, which is -8.8% lower than the year-ago figure. The company’s revenues climbed +10.8% year over year to $1,135 million in the quarter, on the back of its Electric and Gas operations growth. Retail electric and gas utility customers increased 0.8% and 0.7% year over year, respectively. Gas volumes sold and...
The Mosaic Company reported earnings of $2.42 per share in third-quarter 2022, compared to 97 cents per share in the year-ago quarter. The company’s adjusted earnings came in at $3.22 per share, below Zacks Consensus Estimate of $3.52 (as reported by Zacks.com). Net sales climbed +56% year over year to $5,348.5 million, missing the Zacks Consensus Estimate of $6,010.1. The Potash division...
Fortinet Inc.’s quarterly earnings and revenue surpassed analysts’ expectations. However, the cybersecurity company issued billings guidance lower than expectations. Fortinet posted third-quarter adjusted earnings of 33 cents a share, up from 20 cents a share a year before, and well-above the 27 cents a share expected by analysts polled by FactSet. Revenue rose to $1.15 billion from the...
Yum! Brands posted earnings of $1.09 per share for the third quarter, missing the Street expectations of $1.14 a share. Nevertheless, the owner of fast food chains’ revenue of $1.64 billion came in higher than analysts’ expectation of $1.62 billion. Same-store sales climbed +5% in the quarter, beating StreetAccount estimates of +2.5%. Revenues from the company’s KFC business were up +1.7%...
Equinix Inc.’s third-quarter adjusted funds from operations (AFFO) per share grew +11.4% year-over-year to $7.73, exceeding the Zacks Consensus Estimate of $7.19. Revenues climbed +9.9% to $1.84 billion for the quarter , beating the Zacks Consensus Estimate of $1.83 billion. For the full-year, the company boosted its revenue outlook by $15 million compared to prior guidance to a range of...
Estee Lauder posted its fiscal first quarter adjusted earnings of $1.37 per share, that exceeded the Zacks Consensus Estimate of $1.29 per share. Earnings were $1.89 per share a year ago (as reported in Zacks Equity Research) The beauty company’s revenues for the quarter fell -11% from the year-ago period, but topped the Zacks Consensus Estimate by 0.34%. While net sales for the company’s...
NextEra Energy Partners reported its third-quarter operating earnings per unit of 93 cents, beating Zacks Consensus Estimate of 63 cents. Operating revenues were up +19.8% from the year-ago quarter to of $302 million on the back of new projects. However, it was below the Zacks Consensus Estimate of $415 million. NextEra board of directors announced a quarterly distribution of 78.25 cents per...
AbbVie Inc. ‘s third quarter earnings came in at $3.66 per share for the third quarter of 2022 (up +29.3% from the year-ago quarter), exceeding the Zacks Consensus Estimate of $3.56 per share. Revenues rose +3.3% year-over-year to $14.81 billion, missing the Zacks Consensus Estimate of $14.92 billion. In immunology, AbbVie’s flagship drug Humira experienced a 3.9% sales growth to $5.56...
Caterpillar Inc. posted its third-quarter adjusted earnings per share, which rose +48.5% from the year-ago quarter to $3.95, and was well above the Zacks Consensus Estimate of $3.19 (as reported in Zacks Equity Research). Amidst higher material and freight costs, strong demand and favorable price realization boosted earnings in the quarter. The construction equipment maker’s revenues jumped...
Honeywell International Inc. posted quarterly adjusted earnings of $2.25 per share, higher than the year-ago quarter’s $2.02 per share a year ago, and surpassing the Zacks Consensus Estimate of $2.16 per share (as reported in Zacks Equity Research). Revenues of $8.95 billion, however, missed the Zacks Consensus Estimate by 1.37%. (as reported in Zacks Equity Research). It was $8.47 billion in...
T-Mobile US posted third-quarter earnings and revenue – both of which fell short of analysts' forecast. The wireless carrier’s earnings came in at 40 cents per share for the quarter , below the 50 cents a share expected by analysts polled by Investing.com. Revenue was $20 billion, v. analysts’ estimates of $19.36 billion. For the full-year T-Mobil US now expects adjusted earnings before...
Comcast third quarter earnings topped analysts’ expectations, while the company added a few thousand net new internet subscribers. The telecom company’s adjusted earnings came in at 96 cents, beating the 90 cents expected by analysts polled by FactSet. The figure is also higher than the year-ago quarter’s 87 cents a year. Overall net loss for the third quarter was -$4.6 billion, or -$1.05 a...
Exxon Mobil Corporation’s third-quarter adjusted earnings came in at $4.45 per share, surpassing the Zacks Consensus Estimate of $3.88 (as reported in Zacks Equity Research). The figure is also higher from the year-ago quarter’s $1.58. The oil company’s revenues rose to $112,070 million (from the year-ago quarter’s $73,786 million), but missed the Zacks Consensus Estimate of $115,188 million...
Altria reported third quarter earnings that were below analysts’ expectations. The tobacco company’s adjusted earnings came in at $1.28 per share in the quarter vs. $1.30 expected by analysts polled by Refinitiv. Revenue in the quarter was $5.41 billion, missing analysts’ expectations of $5.59 billion. Looking ahead, Altria narrowed its adjusted earnings per share outlook to a range of $4.81...
Amazon shares plummeted -11% on Friday, amidst disappointing revenue outlook. The e-commerce company's third-quarter revenue climbed +14.7% from the year-ago quarter to $127.10 billion, missing analysts' expectations of $127.46 billion (according to Refinitiv). Earning for the quarter came in at 28 cents per share. For the fourth quarter, Amazon predicted revenue in the range of $140 billion...
Intel Corp.’s shares rose +5.7% in pre-market trading Friday, following the company’s third-quarter earnings beat. The chip company’s earnings for the quarter came in at $1.01 billion, or 25 cents a share, compared with $6.82 billion, or $1.67 a share, in the year-ago quarter. After adjusting for restructuring charges and other items, earnings were 59 cents a share, compared with $1.45 a...
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Automatic Data Processing, Inc. posted its fiscal first quarter adjusted earnings of $1.86 per share, up +13% year-over-year, and exceeding analysts’ expectations of $1.79 per share (according to figures compiled by Thomson Reuters). Revenues in the quarter ending September grew +10% from the year-ago period to $4.2 billion. Revenue was up +11% in organic constant currency. Looking ahead, the...
Coca-Cola posted its third quarter earnings that surpassed analysts’ expectations. The beverage maker also boosted its full-year outlook, on expectations of its strategy of hiking prices coupled with more affordable options to bolster sales growth. Coca-Cola’s adjusted earnings for the third quarter came in at 69 cents, well above the 64 cents expected by analysts (based on Refinitiv poll)...