Etsy’s fourth quarter earnings surpassed analysts’ expectations. The e-commerce company’s adjusted earnings came in at $1.11 a share, well above analysts’ expectations of 79 cents. Revenue increased +16% from the year-ago quarter to $717.1 million, vs. analysts’ estimate of $684.5 million. Gross merchandise sales per active seller rose +16% to reach an all-time high of $136. More than half of...
Lowe's Companies posted fourth quarter earnings that surpassed expectations. The home improvement company also raised its 2022 outlook, on gaining market shares from its larger rival. Lowe's adjusted earnings for the three months ending on January 28 came in at $1.78 per share, +33.8% higher from the year-ago quarter well ahead of the Street expectations of $1.71 per share. Revenues increased...
Moderna posted fourth quarter earnings that surpassed expectations. The pharma company also boosted its full-year revenue outlook for Covid vaccine sales. and unveiled a new $3 billion share repurchase plan. Moderna’s diluted GAAP earnings came in at $11.29 per share for the three months ending in December, beating the Street expectations of $9.90 per share. It incurred a loss of -69 cents...
Cronos Group reported its quarterly earnings that surpassed analysts’ expectations. The cannabis research company’s earnings came in at $0.21 per share for the quarter, beating the Zacks' consensus estimate of $0.13. Earnings in the prior-year quarter were $0.19 a share. Revenue rose +79.6% from the year-ago quarter to $20.40 million, compared to analysts' expectations of $23.03 million...
Pool Corporation posted fourth-quarter 2021 earnings and revenues that exceeded Zacks Consensus Estimate. The figures also rose from the same quarter a year ago. During fourth-quarter 2021, the wholesale distributor of swimming pool supplies reported adjusted earnings of $2.30 per share, well above the Zacks Consensus Estimate of $1.97. In the prior-year quarter, the company’s adjusted...
DraftKings posted fourth quarter earnings that exceeded expectations. However, the sports betting company issued a much wider loss over the coming year. The company’s revenues for the three months ending in December surged +47% year-over-year to $473 million, beating the Street expectations of $447 million. Marketing and expansion costs, at $128 million, squeezed the group's bottom line...
NatWest earned a pretax profit of 4 billion pounds ($5.45 billion) for the 2021 calendar year, a bounce back from a -351 million pound loss in 2020. British banks have benefited from a rebound in consumer spending, smaller than expected loan defaults and a solid housing market since the initial phase of the COVID-19 pandemic. NatWest also announced a dividend of 7.5 pence per share and a 750...
Keysight Technologies reported its first quarter earnings that rose substantially from the year-ago quarter. The electronics equipment company’s GAAP net income for the quarter came in at $1.24 per share, compared with $0.92 per share a year ago. Non-GAAP net income was $1.65 per share, also higher than $1.43 per share in the first quarter of 2021. Revenue rose +6% from the year-ago quarter...
Walmart posted its fourth-quarter earnings and sales that surpassed expectations. The retail behemoth also boosted its dividend. The company’s earnings for the quarter came in at $1.53, beating the FactSet consensus of $1.50. Revenue of $152.87 billion was up from $152.08 billion, and above the FactSet consensus for $151.72 billion. E-commerce sales rose +1% year-over-year. Walmart...
Nvidia crushed earnings expectations for the quarter ending January, and issued a strong guidance for the current quarter. The chipmaker’s adjusted earnings for the quarter rose +69% from the year-ago quarter to $1.32, and beating the $1.22 expected by analysts polled by Refinitiv. Revenue surged +53% year-over-year to $7.64 billion, versus $7.42 billion expected. Nvidia’s sales from its data...
Marriott International Inc. posted its fourth-quarter earnings that surpassed analysts’ expectations. The hotel chain’s earnings came in at $1.42. Earnings, adjusted for non-recurring gains, were $1.30 per share. Zacks Investment Research analysts expected $1.02 per share. For the full year, Marriott reported net income of $3.34 per share. Revenue was $13.86 billion...
ViacomCBS VIAC shares fell Wednesday, after the media giant reported its fourth quarter earnings that fell short of analysts’ expectations. The company also announced its change of name to Paramount. Viacom’s earnings for the quarter ended December came in at 26 cents per share, well below the Street forecasts. Revenues rose +16% from the year-ago quarter to $8 billion. Streaming revenues...
Tesla shares rose further Tuesday, following the news that founder and CEO Elon Musk now owns more than a fifth of the company. According to a SEC filing, Musk held a passive 21.2% stake in the electric carmaker, as of December 31. This represents around 231,715 shares and is a 2% increase from a 2020 filing. Musk also donated just over 5 million shares to a charity between November 19 and...
Under Armour reported fourth-quarter earnings and sales that beat analysts’ expectations. However, supply chain constraints weigh on its projection. Adjusted earnings came in at 14 cents , well ahead of 7 cents expected by analysts polled by Refinitiv. Revenue of $1.53 billion also topped the Street estimates of $1.47 billion. Net revenue in North America grew +15% year-over-year ...
PepsiCo reported its fourth quarter earnings that topped analysts’ expectations. Revenue, too beat Street estimates. However, the beverage behemoth’s projection on the full-year performance fell short of analysts’ forecasts. The company’s adjusted earnings came in at $1.53 a share, compared to $1.52 expected by analysts polled by Refinitiv. Revenue of $25.25 billion also beat $24.24 billion...
Disney posted its fiscal first quarter earnings that crushed analysts’ expectations. The entertainment giant’s revenue also surpassed estimates. Adjusted earnings for the quarter came in at $1.06, vs 63 cents expected by analysts polled by Refinitiv. Revenue of $21.82 billion was well above expectations of $20.91 billion. Disney+ total subscriptions was 129.8 million as of quarter-end, also...
Pfizer Inc. reported its fourth quarter earnings that surpassed expectations. The biotech company’s adjusted earnings for the three months ending in December surged +157% from the year-ago quarter to $1.08 per share, beating the Street consensus forecast of 87 cents. Revenues rose +104% year-over-year to $23.8 billion, compared to analysts' estimates of $24.1 billion. Looking ahead, Pfizer...
General Motors shares fell lower Tuesday, after analysts at Morgan Stanley lowered their rating and price target on the automaker’s stock. Morgan Stanley analyst Adam Jonas slashed his rating on General Motors to equal-weight. The analyst lowered his price target by $20 to $55 per share. Jonas mentioned that GM’s shift to electric vehicles will likely lead to a negative compound annual growth...
Amazon posted its fourth quarter earnings that handily topped analysts’ expectations. The e-commerce behemoth’s earnings came in at $5.80 a share, compared to $3.57 expected by analysts polled by a Refinitiv survey. Revenue for the quarter was $137.4 billion vs $137.6 billion expected, according to a Refinitiv. The company projects first quarter revenue in the range of $112 billion and $117...
Honeywell International Inc. reported its fourth-quarter earnings that beat expectations. However, the guidance offered by the conglomerate was weaker than expected. The company's earnings came in at $2.09 a share, compared to analysts’ expectations of $2.08 a share. Revenue was $8.66 billion compared to the Street estimates of $8.73 billion. The company said it was "an extremely challenging...