Automatic Data Processing, Inc. reported fourth-quarter fiscal 2022 results that surpassed the Zacks Consensus Estimate. The human resources company’s adjusted earnings in the quarter came in at $1.50 per share, exceeding the Zacks Consensus Estimate by 1.4%. Revenues rose +10.5% from the year-ago quarter to $4.13 billion, beating the consensus estimate by 1.8%. The company’s employer...
Intel reported its second quarterly earnings that heavily fell short of analysts’ expectations. The tech giant’s outlook for the full-year is also weaker than the Street estimates. Adjusted earnings came in at 29 cents per share, well below the 70 cents per share expected by analysts polled by Refinitiv. Revenue decreased 22% from the year-ago quarter to $15.32 billion. It fell short of...
Amazon posted a second-quarter loss of -$2 billion, or -20 cents a share. The loss was attributed partly to its investment in electric truck manufacturer Rivian. It is also the first time that the e-commerce giant has posted back-to-back quarterly losses since the second and third quarters of 2014. In the year-ago quarter, Amazon reported earnings of 76 cents a share. The company’s revenue in...
Mondelez second quarter earnings exceeded analysts’ expectations, on the back of strong revenue. Adjusted earnings came in at 67 cents per share, 3 cents above estimates. Net revenue rose about +10% from the year-ago quarter to $7.27 billion, beating estimates of $6.78 billion, according to IBES data from Refinitiv. The Oreo maker expects 2022 organic net revenue growth of more than 8%,...
Qualcomm posted its third quarter earnings that topped analysts’ expectations on solid revenue growth. Quarterly non-GAAP earnings for the quarter were $2.96 per share, growing from the year-ago quarter’s $1.92 per share. The bottom line also surpassed the Zacks Consensus Estimate by 10 cents. Non-GAAP revenues in the reported quarter were $10,928 million compared with consensus expectation...
Coca-Cola posted its second-quarter earnings this week, beating analysts’ expectations as sales at several public places recovered from the pandemic. The beverage behemoth’s adjusted earnings in the quarter came in at 70 cents, well above the67 cents expected by analysts. Revenue was $11.3 billion, versus $10.56 billion expected. Revenue grew +12% year-over-year on higher pricing and an...
Alphabet reported its second-quarter earnings that missed analysts’ expectations. The tech giant’s adjusted earnings fell -11% from the year-ago quarter to $1.21 per share, also lower than the $1.28 expected by analysts (according to Refinitiv poll of analysts). Revenue grew +12.6% from the year-ago quarter to $69.7 billion compared to $69.9 billion expected. The company’s revenue from...
Hasbro reported earnings that surpassed the Zacks Consensus Estimate for the fiscal second quarter, although revenues fell short of expectations. The toy and games company’s adjusted earnings came in at $1.15 per share, well above the Zacks Consensus Estimate of 88 cents. The figure is also higher than the year-ago quarter’s $1.05. Revenues inched up +1% year-over-year to $1,339.2 million in...
DR Horton reported third quarter earnings that exceeded analysts' expectations, despite revenue missing estimates. The homebuilding company’s earnings came in at $4.67 per share, compared to analysts’ expectations of $4.5 (per Investing.com poll). Revenue of $8.79 billion fell short of analysts’ expectations of $8.81 billion. The company now expects full-year revenue in the range of $33.8...
Equifax posted its second quarter earnings that surpassed analysts' forecasts, while its revenue was in line with estimates. The company’s earnings came in at $2.09 per share, compared to $2 expected by analysts polled by Investing.com. Revenues climbed +7% to $1.32 billion, similar to analysts’ forecasts. Core revenue growth in the quarter was +19%, and core organic revenue growth came in at...
Tesla crushed analysts’ expectations for its second quarter earnings. However, soaring input costs attenuated profit margins of the electric vehicle maker. The company’s adjusted earnings for the three months ending in June rose +56.5% from the year-ago quarter to $2.27 per share, well above the Street expectations of $1.86 per share. Revenues climbed +41% from the year-ago period to $16.94...
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Verizon reported 12,000 net phone subscribers addition (who pay a monthly bill) in the quarter ended June 30, weaker than expectation of 150,800 additions (FactSet estimates). Chief Executive Hans Vestberg indicated during the earnings call (according to a transcript from Sentieo ) that inflation dampened customer additions at a time when the carrier is facing intense competition in the U.S...
Goldman Sachs reports its second quarter earnings that surpassed analysts’ expectations. The banking behemoth’s earnings for the three months ending June came in at $7.73 a share, handily topping analysts’ expectations of $6.61 a share. Revenue fell -23% from the year-ago quarter to $11.9 billion, but exceeded analysts’ estimates of $10.7 billion. The bank’s revenue from the fixed income...
Netflix lost -970,000 paid subscribers over the three months ending in June , less than half of the 2 million loss that the Street had expected. The video streaming behemoth’s earnings for the quarter came in at $3.12 per share, well above the Street consensus forecast of $2.97 per share. The figure is +5% higher from the year-ago quarter. Revenues climbed +8.6% from the year-ago quarter to...
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UnitedHealth Group Inc. reported its second-quarter adjusted earnings that exceeded analysts’ expectations. The company also boosted its earnings guidance for the full year. UnitedHealth’s adjusted earnings came in at $5.57 a share, exceeding the $5.21 a share expected by analysts surveyed by FactSet. Revenue of $80.3 billion also beat analysts’ forecasts for $79.7 billion (according to...
The PNC Financial Services Group, Inc posted quarterly adjusted earnings of $3.42 per share, exceeding the Zacks Consensus Estimate of $3.11 per share. The year-ago quarter earnings were $4.50 per share. The company has topped consensus EPS estimates four times over the last four quarters. Revenues of $5.12 billion for the quarter also exceeded the Zacks Consensus Estimate by 0.27%. This...
US Bancorp reported its earnings that missed analysts’ expectations. The company's earnings came in at $0.99 per share, lower than $1.28 per share the year-ago quarter. Analysts polled by Thomson Reuters expected $1.08 per share. Analysts' estimates typically exclude special items. Revenue for the quarter climbed +4.0% year-over-year to $6.01 billion in the quarter...