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Fox Corporation reported its fiscal fourth-quarter adjusted earnings of 74 cents, which fell short of the Zacks Consensus Estimate by 6.3%. The figure is +13.8% higher year over year. Revenues rose +4.9% year over year to $3.03 billion, but missed the Zacks consensus estimate by 0.8%. The company’s Affiliate fees (56.9% of revenues) increased +3.7% to $1.72 billion. Revenues from Advertising...

Walt Disney reported third quarter earnings that surpassed expectations. The entertainment giant also announced adding more than 14 million new subscribers to its Disney+ streaming service. Disney’s adjusted diluted earnings for the three months ending in June increased +36.5% from the year-ago quarter to $1.09 per share, well above the Street expectations of 97 cents per share. Revenues...

Cigna Corp. Q2 adjusted earnings came in at $6.22 a share, surpassing analysts’ expectations of $5.49 a share ( based on FactSet poll). The healthcare company's revenue climbed +5.45% year-over-year to $45.48 billion vs. analysts’ estimates of $44.49 billion, (according to FactSet). Evernorth segment, which covers pharmacy services, benefits management, care solutions and data and analytics,...

ANSYS Inc. posted its second-quarter 2022 earnings fell -4.3% from the year-ago quarter to $1.77 per share, but surpassed the Zacks Consensus Estimate by 9.94%. Non-GAAP revenues rose +5% year-over-year (up +12% at constant currency or cc) to $475.9 million, beating the Zacks Consensus Estimate by 1.97%. The software company’s Subscription lease revenues (28.4% of non-GAAP revenues) rose...

Fortinet Inc. posted second-quarter 2022 non-GAAP earnings of 24 cents per share, which surpassed the Zacks Consensus Estimate of 22 cents. The figure is also higher than the year-ago quarter’s 19 cents per share. Total revenues surged +28.6% from the year-ago quarter to $1.03 billion, in line with the Zacks Consensus estimate. Growth was bolstered by solid demand for FortiGate technology...

ConocoPhillips posted its second-quarter adjusted earnings per share of $3.91, which exceeded the Zacks Consensus Estimate of $3.78. The prior-year quarter’s $1.27 per share. The oil and gas major’s quarterly revenues came in at $21,989 million(vs. prior-year quarter’s 2021 $10,211 million), beating the Zacks Consensus Estimate of $18,019 million. The results were bolstered by higher...

eBay adjusted earnings for the second quarter came in at 99 cents per share, exceeding expectations of 89 cents. The company’s revenue fell -9% from the year-ago quarter to $2.42 billion, topping expectations of $2.37 billion. The y/y decrease was attributed to the softening transactional activities on eBay’s and weakening marketing services. Active buyer base fell -12% y/y to 138 million as...

Allianz total revenues increased + 8.2% from the year-ago quarter to 37.1 billion euros in the second quarter, while the company's operating profit rose +5.3 percent to 3.5 billion euros, the key driver being Property-Casualty business. Net income attributable to shareholders, however, fell -23.3% to 1.7 billion euros. For full-year 2022, Allianz expects operating profit at 13.4 billion...

Caterpillar reported second quarter adjusted earnings of $3.18 per share, beating the FactSet consensus of $3.01. The figure is also higher than the year-ago quarter’s $2.60 a share. Total sales climbed +10.5% from the year-ago quarter to $14.25 billion, but was just below the FactSet consensus of $14.28 billion. Sales from Construction Industries rose +6.7% year-over-year to $6.03 billion,...

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...