The figure matched analysts’ expectations. For the fourth quarter, the company has projected revenue of $2.1 billion (plus or minus $50 million), which is lower than analysts’ forecast of $2.149 billion.Increase in Ryzen, EPYC and Radeon product sales are expected be the main drivers of sequential and year-over-year, as indicated by AMD.  

Mastercard reported third-quarter earnings  that beat estimates, on the back of higher credit card transactions. The financial services company’s earnings for the three months ended in September increased to $2.07 a share, (vs. $1.82 a share in the year-ago quarter).The figure was also higher compare to the year-ago quarter’s $3.9 billion. CEO Ajay Banga emphasized on the launch of “faster, more secure click-to-pay online checkout experience" as one of the key strengths of the company.

Oil & gas exploration company EOG Resources (NYSE: EOG) is set to report earnings next week and analysts expect the company to report earnings of $1.13.The company sports a return on equity of 18.1% and a profit margin of 23.9%, both of which are slightly above average. Despite what seem to be decent fundamentals, the company doesn’t score very well with Tickeron’s Fundamental Ratings.

Kellogg reported its latest quarter results, which revealed better-than-expected adjusted earnings per share and revenue. The breakfast cereal maker’s adjusted earnings came in at $1.03, ahead of the 91-cent FactSet consensus expectation.  Sales fell - 2.8% year-over-year to $3.37 billion in the quarter, but still exceeded analysts’ estimate of $3.35 billion (based on FactSet poll). The  decline in sales were largely due to the divestiture of the cookie, fruit snack, pie crust and ice cream cone businesses. Unfavorable foreign-currency translations also affected performance.However, organic sales rose more than +2%. Within North America, Kellogg’s organic growth was bolstered by brands including Pringles potato chips, Cheez-It snacks, Rice Krispies Treats and Pop-Tarts. Currency headwinds hurt net sales in Europe, Latin America, and Asia-Pacific-Mideast-Africa. Kellogg expects its currency-neutral adjusted earnings per share  to decline by about -10%

Several analysts slashed their price targets on the stock on Tuesday. Analysts at Credit Suisse reduced their price target on Beyond Meat shares to $115 a share from $135 share.The analysts maintained their neutral rating. Analyst Robert Moskow indicated that they are “tamping down” 2026 sales estimate and  price-to-sales multiple to 5.5x (from 6.0x), on what they perceive to be increasing competition in the plant-based meat substitute category. J.P.

Amazon reported earnings on October 24 and the company came up short on the earnings estimate, but beat on the revenue side.Fellow FAANG member Netflix reported on October 16 and it beat its EPS estimate and its revenue estimate, but came up short on subscriber growth.

Baxter International Inc. reported preliminary third-quarter 2019 revenues of $2.85 billion, which were lower than the Zacks Consensus Estimate of $2.86 billion.However, the figure was +3% higher compared to  the year-ago quarter, on a reported basis.

Raytheon Company beat both earnings and revenue expectations for third quarter, with most of its business segments experiencing positive growth. The U.S. defense contractor and industrial corporation’s  third-quarter 2019 earnings of $3.08 per share from continuing operations exceeded analysts’ expectation of $2.85 (the Zacks Consensus Estimate).As of the end of third-quarter 2019, total backlog was $44.61 billion, +3.5% higher from the previous quarter’s figure. The company’s operating income of $1,206 million rose +1.9% year-over-year. Raytheon’s sales from Integrated Defense Systems segment increased +18% year-over-year, on the back of higher net sales from an international air and missile defense system program.

Service revenue increased to $91.6 million (from $84.1 million in the year-ago quarter). Looking ahead, Manhattan Associates raised its full-year 2019 adjusted earnings guidance to a range of $1.63 to $1.65 per share (vs. prior guidance of $1.46 to $1.50).The projection is also higher than analysts’ current forecast of $1.48 per share. The company has projected full-year revenues range of $610 million to $614 million (vs. prior guidance of $598 million to $604 million), which is higher than analysts’ estimate of $600.92 million.

On Monday, AT&T reported adjusted third-quarter earnings of 94 cents per share, which surpassed analysts’ expectation of 93 cents. The telecom behemoth’s quarterly sales of $44.588 billion, however, missed the analyst consensus estimate of $45 billion.The figure is also - 2.52% lower compared to the year-ago quarter’s $45.739 billion. CEO Randall Stephenson  emphasized that “strategic investments” that the company has made over the last several years have helped them meet growing demand for content and connectivity.

But top-line figure handily surpassed estimates. The e-commerce behemoth reported earnings of $4.23 a share, which fell behind analysts’ estimate of $4.62 (based on analysts surveyed by Refinitiv). However, revenue surged +24% year-over-year to $70 billion, beating analysts’ expectation of $68.8 billion (based on Refinitiv poll). Amazon Web Services registered revenue of $9 billion in the quarter, compared to $9.1 billion expected by analysts surveyed by FactSet.International revenues (26.2% of sales) increased +18% year over year to $18.35 billion.  Tailwinds to Amazon's revenue growth came in the form of strong performance of the company's  free one-day delivery service, and expansion of Prime Video content.

Carpenter Technology’s fiscal first quarter earnings and revenue missed analysts’ expectations The manufacturer of stainless steels and corrosion-resistant alloys reported adjusted earnings of 85 cents per share in the first quarter of fiscal 2020 (ended Sep 30, 2019), which fell short of the Zacks Consensus Estimate of 89 cents.Operating profit in this segment increased +53.4% year over year to $81 million, on the back of product mix strength. Net sales in the Performance Engineered Products’ segment  declined -2.1% year over year for the quarter.

Monolithic Power Systems, Inc. exceeded analysts expectations on Q3 earnings and revenue. The provider of power semiconductor solutions reported third-quarter 2019 non-GAAP earnings of $1.08 per share, which edged past the Zacks Consensus Estimate by a couple of cents.The EPS is also + 1.9% higher on a year-over-year basis. Revenues increased +5.5% year-over-year  to $168.8 million, beating Zacks Consensus Estimate of $165 million. While the company’s DC to DC segment (94.6% of total revenues) revenues increased +8.1% year-over-year, its Lighting Control (5.4% of total revenues) sales declined -25.8%. Computing & Storage (31.3% of total revenues) revenues increased +10.8%, thanks to successes from AI applications and high-end servers .

Its revenue, though increased from the year-ago period, still fell short of expectations. The electronic payment services company’s third-quarter 2019 earnings came in at $2.84 per share, surpassing the Zacks Consensus Estimate by 1.4%.Earnings were +31.5% higher compared to the year-ago quarter. Total revenue increased +10.1% year-over-year to $787 million – but missed the Zacks Consensus Estimate by -4%. EFT Processing Segment saw total revenues surge +21% (+26% in constant currency) year over year.

The  Travelers Companies reported third quarter earnings which fell short of analysts’ expectations. The insurance company’s third-quarter 2019 core earnings of $1.43 per share came in way lower than  Zacks Consensus Estimate of $2.38. Travelers’ total revenues increased + 4% from the year-ago quarter to $8 billion. Net written premiums rose +7% year over year to a record $7.6 billion.This happened primarily due to increase in each of the business segments.

Space System segment had +5% higher sales – particularly on the back of government satellite programs, Global Positioning System (GPS) III ,  strategic and missile defense programs.On the other hand, Rotary & Mission Systems experienced a -4% year-over-year decline in sales. As of Sep 29, 2019, Lockheed had $137.4 billion in the backlog, up +0.5% from $136.7 billion at the end of second quarter 2019. In the third quarter, the company paid dividends worth $621 million to its shareholders.

End-user demand turned out to be lower than anticipated. Sales at each of Construction Industries, Resource Industries, Energy & transportation, and Other segments declined by -7%, -12%, -2%, and -2% respectively from the prior year quarter. For the fourth quarter, Caterpillar is expecting end-user demand to remain flat on global economic uncertainty.  For the full-year 2019, Caterpillar lowered its projection of adjusted earnings per share to a range of to $10.59-$11.09, from the prior guidance of $11.75-$12.75.

Biogen Inc. topped analysts’ estimates in both earnings and revenue, while also indicating renewed hope for a Alzheimer’s therapy. The biotech company's  third-quarter 2019 earnings per share of $9.17 beat the Zacks Consensus Estimate of $8.28.Earnings rose +24% year over year. The company’s sales for the quarter increased +5% year-over-year to $3.6 billion, surpassing Zacks Consensus Estimate of $3.53 billion. Biogen’s product revenue increased +4% year-over-year  for the quarter, while its royalty from sales of Roche’s MS drug, Ocrevus surged +37% year-over-year.

Intel beat earnings and revenue expectation for the third quarter, on stronger-than-expected sales across various business segments. The information technology giant reported third quarter earnings of  $1.42 per share, beating analysts’ expectation of $1.24 per share (based on Refinitiv poll of analysts).its PC-centric unit) declined -5% year-over-year  to $9.71 billion in the quarter, beating the $9.59 billion average estimate among analysts polled by FactSet. The company's Data Center Group, which focuses on server chips, garnered $6.38 billion in revenue, which exceeded the $5.62 billion FactSet consensus estimate. The segment grew +4% year-over-year for the quarter.

 Illinois Tool Works beat analysts’ expectations on its third-quarter earnings, while re-iterating its full year outlook.Quarterly revenue, however, missed estimates. The industrial component & equipment maker’s  earnings came in at $2.04 a share for Q3, surpassing analysts’ estimate of $1.94 a share.