Bank of New York Mellon Corp. posted its second quarter adjusted earnings of $1.15 per share , surpassing the $1.12 per share analysts polled by Thomson Reuters expected. The bottom line climbed +1.8% from the year-ago quarter. The bank’s net income applicable to common shareholders (GAAP basis) came in at $835 million or $1.03 per share, down from $991 million or $1.13 per share in the...
Wells Fargo reported second quarter earnings that were below the Street expectations. The bank’s earnings for the three months ending in June fell -46.45 from the year-ago quarter to 74 cents per share, compared to the Street consensus forecast of 80 cents per share. Revenues plunged -16% to $17.028 billion. Wells Fargo set aside $580 million to cover potential bad loans. In the same period...
Citigroup posted its second quarter earnings that surpassed analysts’ expectations. The banking behemoth's earnings for the three months ending in June came in at $2.19 per share, which is 16.7% lower from the year-ago quarter, but well above the Street expectations of $1.70 per share. Group revenues climbed +10.6% year-over-year to $19.64 billion, also topping analysts' estimates of $18.22...
JPMorgan Chase reported its second quarter earnings that were lower than expected by analysts. The banking giant also announced that it is halting share buybacks. It mentioned setting aside $428 million for potential loan losses. The bank’s earnings plunged -28% from the year-ago quarter to $8.65 billion or $2.76 per share Thursday, missing the analyst expectations of $2.88 per share...
Morgan Stanley posted second quarter earnings and revenue that missed analysts’ expectations, amidst weakening of investment banking revenues. The financial behemoth’s diluted earnings came in at $1.39 per shar, well below the $1.53 expected by analysts. Revenue fell -11% from the year-ago quarter to $13.13 billion was also lower than analysts’ expectations of $13.48 billion (per Bloomberg...
Cintas posted earnings of $2.81 per share for the quarter ending May 31 2022, topping the Zacks Consensus Estimate of $2.68. The figure is +13.8% higher vs. the year-ago quarter. Revenues rose +13% from the year-ago quarter to $2,074.7 million, also exceeding the Zacks Consensus Estimate of $2,001 million. Organic revenue grew + 12.7% year over year. The company’s revenues from the Uniform...
Delta Airlines posted second quarter earnings that missed analysts’ expectations. The carrier’s adjusted earnings came in at $1.44 per share for the quarter, well below the $1.73 per share expected by analysts polled by Refinitiv. However, the company indicated that resilient travel demand will lead to a solid profit in the quarter through September and a "meaningful" profit for the...
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Helen of Troy posted adjusted earnings of $2.41 per share for the quarter ended May 2022, which surpassed the Zacks Consensus Estimate of $1.94 per share. Earnings were $3.48 per share a year ago. The cosmetics company has topped Zacks consensus EPS estimates four times over the last four quarters. Revenues of $508.08 million exceeded the Zacks Consensus Estimate by 8.27%. Year-ago revenues...
Kewpie Corp. shares plunged Friday morning, after the Japanese mayonnaise company posted its first-half net profit’s -7.6% decrease. The revenue decline was partly attributed to higher costs of raw materials. Following Thursday market close, Kewpie's net profit came in at Y8.89 billion ($65.4 million) for the six-month period ending May, compared to Y9.62 billion a year ago. Product-price...
American Electric Power posted its second quarter earnings that surpassed analysts' expectations. Revenue, however, came in lower than expected by the Street. The electric utility company’s earnings for the quarter were $1.21 per share, well above the $1.17 expected by analysts polled by Investing.com. Revenue of $4.01 billion came in slightly lower than expectations of $4.04 billion...
RVL Pharmaceuticals plc. announced its preliminary second quarter FY22 sales from Upneeq of $8.4 million. The figure represents a +42% growth sequentially. Upneeq is an approved ophthalmic solution for droopy eyelids. The company also mentioned that it had received orders from approximately 2,200 cumulative unique medical aesthetics practices from February through June of 2022. CEO Brian...
Costco has reportedly raised the prices of two of its popular food court items. According to information provided to Nexstar from several Costco locations throughout the U.S., the chicken bake price climbed from $2.99 to $3.99, while the price of a soda was raised from 59 cents to 69 cents. (as mentioned by The Hill). While a representative for Costco’s corporate offices declined to comment...
GameStop shares slipped on Friday, after the video game retailer fired its CFO, Michael Recupero, amid reports of wider staffing cuts. This comes less than 24 hours of its announcing a four-for-one stock split. According to a Securities & Exchange Commission filing, GameStop’s chief accounting officer, Diana Saadeh-Jajeh, will replace Recupero. Meanwhile, Axios reported that the company is...
Levi Strauss posted its fiscal second quarter earnings that exceeded analysts’ expectations. The denim behemoth also topped revenue estimates. For the quarter ending ending May 29, Levi’s adjusted earnings came in at 29 cents per share, well above the 23 cents expected by analysts polled by Refinitiv. Revenue rose +15% from the year-ago quarter to $1.47 billion, beating analysts’ expectations...
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Tesla posted second quarter deliveries that were lower than expected by analysts, amidst plant closures in China and disruptions in global supply chain. During the quarter ending in June, the electric carmaker delivered 254,695 new cars -- up 26.7% from last year. The is weaker than analysts’ original expectations of around 295,000 (but even that estimate was lowered over the past week...
SMART Global Holdings, Inc. posted quarterly adjusted earnings of $0.87 per share, surpassing the Zacks Consensus Estimate of $0.75 per share. Earnings were higher than $0.70 per share a year ago. The electronics company’s revenue in the quarter ended May 2022 rose to $462.54 million (from the year-ago quarter’s $437.73 million), and also topped the Zacks Consensus Estimate by 1.65%. The...
Mexco Energy Corporation posted net income of $1.36 per diluted share, for fiscal year 2022, compared to $0.08 per diluted share for fiscal 2021. Operating revenues in fiscal 2022 rose +135% to $6,587,780, on the back of 22% increase in barrels of oil equivalent (BOE) production and a 93% increase in BOE prices. The Company was engaged in the drilling of 40 wells consisting of 36 horizontal...
Beyond Air posted a loss of ($0.73) a share for the quarter, missing analysts’ consensus estimates of ($0.24). In the year-ago quarter, the company posted ($0.24) EPS. Analysts expect Beyond Air earnings per share of -1.18 for for the current year. Beyond Air shares got a price target raise by LADENBURG THALM/SH SH from $17.00 to $23.00 in a research report sent to investors on Wednesday,...