Microsoft earnings for the fiscal first quarter came in at $2.35 per share, beating analysts’ expectations of $2.30 per share (based on Refinitiv poll). Revenue of $50.12 billion also exceeded the $49.61 billion expected by analysts, according to Refinitiv. Revenue from Microsoft's Intelligent Cloud business segment (which includes the Azure public cloud ) was $20.33 billion vs. the $20.36...
Shares of Alphabet fell about -7% in extended trading on Tuesday and then plunged more than -6% Wednesday, after the tech behemoth missed revenue and earnings expectations on Tuesday. Earnings came in at $1.06 per share, well below the $1.25 expected by analysts (according to Refinitiv estimates). Revenue of $69.09 billion also missed analysts’ expectation sof $70.58 billion (according to...
EssilorLuxottica SA posted third quarter revenue of 6.39 billion euros ($6.25 billion), which is +17% higher (+8.2% at constant currency rates). The figure is in line with analysts' expectations (based on FactSet poll). The luxury eyecare company’s revenue from North America rose +20.5% (+3.4% at constant currency rates) from the year-ago quarter, while those from EMEA were up +7.6%...
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Philips announced its plan to lay off 4,000 workers, which is over five per cent of the tech company's workforce. According to CEO Roy Jakobs, the move is intended to boost productivity and agility, (IANS reported), and to realize profitable growth potential and value creation for all the stakeholders. Philips estimates that severance and termination-related costs to be approximately 300...
Verizon posted adjusted earnings fell to $1.32 a share, from $1.42 a share a year ago. Nevertheless, the figure is well above the FactSet consensus of $1.29 a share. Revenue for the quarter came in at $34.2 billion, compared to $32.9 billion in the year-ago quarter. Analysts had expected $33.8 billion. The telecom company experienced a net loss of 189,000 consumer wireless retail postpaid...
Kinder Morgan Inc. posted third-quarter 2022 adjusted earnings of 25 cents, missing the Zacks Consensus Estimate of 29 cents per share. (as reported in Zacks Equity Research). Revenues of $5,177 million exceeded the Zacks Consensus Estimate of $4,522 million,and was also higher than $3,824 million posted in the prior-year quarter. While jet fuel volumes transported climbed +11% from the...
Equifax Inc. posted third-quarter 2022 earnings that exceeded the Zacks Consensus Estimates. The consumer credit reporting agency’s adjusted earnings fell -6.5% year-over-year to $1.73 per share, topping the Zacks Consensus Estimate by 5.5%. Revenues were up +1.8% year over year to $1.24 billion, exceeding the consensus estimate by 2.3%. The company’s US division revenue fell -9% from the...
Procter & Gamble reported its fiscal first quarter earnings that surpassed Wall Street expectations. The consumer products company’s earnings came in at $1.57 per share, beating expectations of $1.54 per share (based on Refinitiv poll). Revenue of $20.61 billion also topped analysts’ estimate of $20.28 billion. Unfavorable foreign exchange rates eroded revenue by 6%. When excluding the impact...
IBM posted stronger-than-expected third quarter earnings. Revenues, too, beat expectations. The software company’s adjusted earnings came in at $1.81 per share for the three months ending in September, topping the Street forecasts by around 3 cents per share. Revenues rose +6% from the year-ago quarter to $14.1 billion, exceeding the Street consensus forecast of $13.5 billion. Revenues from...
Tesla shares plunged on Thursday, after the electric carmaker's s third quarter sales came in lower than analysts’ expectations. The company also cautioned that its full-year vehicle deliveries may be lower than its 50% growth target. Revenues climbed +56% from the year-ago quarter to $21.45 billion, shy of analysts' expectations of $21.96 billion. Tesla’s adjusted earnings for the quarter...
J.B. Hunt reported third quarter earnings of $2.57 per share, beating analysts’ expectations of $2.45 per share. Revenue rose by +22.1% year-over-year to $3.83 billion, also exceeding the Street forecast of $3.8 billion. The current consensus EPS estimate is $2.44 on $3.81 billion in revenues for the coming quarter and $9.62 on $14.96 billion in revenues for the current fiscal year (according...
Netflix posted diluted earnings of $3.10 per share, that exceeded the Street expectations of $2.13 per share. Revenue rose +6% from the year-ago quarter to $7.93 billion, compared to analysts’ expectations of $7.84 billion. Netflix added almost 2.4 million global subscribers in the quarter, beating estimates of 1 million. However, the figure is lower than the 4.4 million in the year-ago...
Hasbro posted its third quarter earnings that missed the Street expectations. The toymaker’s earnings came in at $1.42 a share compared to the $1.52 expected by analysts (based on Refinitiv poll). Revenue for the quarter fell -15% from the year-ago quarter to $1.68 billion vs. $1.68 billion expected. Hasbro’s entertainment segment experience a – 34% plunge in revenue, while Film and TV...
Johnson & Johnson reported third quarter earnings that topped the Street expectations. The company also boosted its full-year profit outlook, as strength in pharmaceuticals sales offset a decrease in Covid vaccine revenues. Johnson & Johnson’s adjusted earnings for the three months ending in September fell -1.9% year-over-year to $2.55 per share, but exceeded analysts’ expectations by 7...
Goldman Sachs Group posted third quarter earnings that exceeded expectations. The banking behemoth also announced plans to restructure its business divisions. Goldman’s earnings for the three months ending in September fell -44.7% from the year-ago quarter to $8.25per share, topping the Street expectations of $7.69 per share. Revenues fell -12% year-over-year to $11.98 billion, compared to...
The PNC Financial Services Group, Inc. reported third-quarter adjusted earnings of $3.78, which surpassed the Zacks Consensus Estimate of $3.66 (as reported in Zacks Equity Research). Revenues rose +6.8% from the year-ago quarter to $5.55 billion, surpassing the Zacks Consensus Estimate of $5.39 billion.(as reported in Zacks Equity Research). Net interest income surged +21.8% from the...
Morgan Stanley posted its quarterly diluted earnings of $1.47 per share, missing the $1.52 a share expected by analysts polled by FactSet. Revenues of $12.99 billion for the quarter ended September, vs. analysts' expectations of $13.29 billion (based on FactSet poll) . Revenues were $14.75 billion a year ago. The financial firm’s net interest income climbed +49% year-over-year to $2 billion,...
Citigroup’s revenue rose +6% from the year ago quarter to $18.51 billion, beating analysts’ expectations of $18.25 billion. The bank’s adjusted earnings came in at $1.50 per share, exceeding analysts’ expectations of $1.42 per share (according to Refinitiv poll). Revenues from Citi’s fixed income segment came in at $3.06 billion, missing analysts’ expectations of $3.19 billion. Equities...
BNY Mellon reported its third quarter earnings that exceeded the Street expectations. The banking behemoth’s adjusted earnings came in at $1.21 a share , topping analysts’ expectations of $1.10 a share. Revenue climbed + 6% from the year-ago quarter to $4.28 billion, vs. analysts’ expectations of a 4.2% growth (as reported in Sharecast.com) . Net interest revenues were up +44%. BNY chief...