The Hershey Company posted fourth-quarter results, with both earnings and revenue beating the Zacks Consensus Estimate. The chocolate maker’s adjusted earnings for the quarter grew +13.4% from the year-ago quarter to $2.10 a share, surpassing Zacks Consensus Estimate of $1.69. Consolidated net sales climbed +6.4% year-over-year to $2,326.1 million, compared to the Zacks Consensus Estimate of...
The U.S. economy added 467,00 new jobs last month, exceeding expectations. The Bureau for Labor Statistics data revealed that the figure was well above the Street consensus forecast of 150,000. The data also showed that headline unemployment rate rose to 4.0 percent in January, little changed from December's new pandemic low but slightly higher than market expectations of 3.9 percent. Hourly...
Match Group reported its fourth-quarter earnings, that fell short of analysts' expectations. The dating app company incurred a loss of -$0.47 per share, compared to the Street expectations of earnings of $0.60 a share. Revenue came in at $806 million in the quarter, below analysts’ expectation of $821 million. Total revenue per payer (RPP) rose +8% year over year to $16.16 million. RPP from...
Alphabet reported its fourth quarter earnings that surpassed analysts’ expectations. Revenues also came in higher than anticipated. The tech behemoth’s earnings for the quarter was $30.69, well above the $27.34 expected by analysts according to Refinitiv. Revenue of $75.33 billion also beat expectations of $72.17 billion according to Refinitiv. Google’s advertising revenue in the quarter rose...
Intel reported fiscal fourth-quarter earnings that surpassed analysts’ expectations, The cloud computing company’s adjusted earnings came in at $1.09, handily topping the $0.91 expected by analysts polled by Refinitiv. Revenue of $19.5 billion also exceeded analysts’ estimate of $18.31 billion. The company expected $18.3 billion in adjusted sales in the first quarter of 2022, higher than...
Comcast posted its fourth quarter earnings that surpassed analysts’ expectations, even as it missed estimates on high-speed internet additions. The telecom giant’s adjusted earnings came in at 77 cents, topping the 73 cents expected by analysts polled by Refinitiv. Revenue of $30.34 billion also exceeded the $29.61 billion estimated. The company’s net additions of high-speed internet...
Mondelez posted its fourth quarter earnings that missed analysts' expectations, even as revenue surpassed forecasts. The confectionary giant’s earnings came in at $0.71 a share, below the $0.7187 expected by analysts polled by Investing.com. Revenue of $7.66 billion was above analysts’ expectations of $7.58 billion. Adjusted operating income of the North America business for the full year...
Apple posted its earnings for the three months ending December 25, crushing analysts’ expectations. The iPhone maker’s earnings for the quarter climbed +25% from the year-ago quarter to $2.10 a share, well ahead of the $1.89 expected by analysts polled by Refinitiv. Revenue rose +11% year-over-year to $123.9 billion vs. $118.66 billion estimated. iPhone revenue came in at $71.63 billion,...
Caterpillar reported its fourth quarter earnings that surpassed analysts’ expectations, on the back of a rebound in construction equipment sales and increasing commodity prices. The agricultural equipment maker's adjusted earnings for the three months ending in December rose +27% from the year-ago period to $2.69 per share, exceeding the Street consensus expectations of $2.26 per share...
3M posted fourth-quarter earnings of $2.31 per share, beating analysts’ expectations of $2.02 (based on Investing.com poll). Revenue came in at $8.61 billion, vs. analysts’ estimate of $8.6 billion. The company’s free cash flow of $1.5 billion was also ahead of the $1.3 billion expected by the Street. However, operating profit margins in the fourth quarter narrowed to 18.8%, from 21.5% in the...
Microsoft Corp. posted its fiscal second quarter earnings on Tuesday that surpassed analysts’ expectations. However, the technology behemoth mentioned a modestly slowing growth rate in its key cloud unit Azure, leading to its shares falling in extended-hours trading. Microsoft's adjusted earnings for the three months ending December climbed +22.1% from the year-ago period to $2.48 per share,...
IBM posted adjusted earnings of $3.35 per share for the fourth quarter, beating the $3.30 per share expected by analysts polled by Refinitiv. The tech/cloud company’s revenue came in at $16.70 billion also surpassed analysts’ expectations of $15.96 billion. IBM streamlined its reporting segments for the fourth quarter amid its spin-off of infrastructure services business Kyndryl. Revenue from...
Alcoa posted its fourth quarter results that surpassed analysts’ expectations. The aluminum producer’s fourth-quarter loss widened to -$2.11 a share, compared with a loss of -2 cents a share in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, came in at $2.50 a share, compared with 26 cents a share in the year-ago period. Analysts polled...
Estee Lauder posted second quarter earnings that fell short of analysts' forecasts. The beauty company’s earnings for the quarter came in at $2.62, behind the $2.64 expected by analysts polled by Investing.com. Revenue was $5.49 billion, vs. $5.5 billion expected by the analysts. Estee Lauder shares are down around -18% year-to-date, and about -19.55% below from its 52 week high of $374.20...
U.S. Bancorp reported fourth-quarter 2021 earnings per share of $1.07, which missed the Zacks Consensus Estimate of $1.11. The figure was 95 cents in the year-ago quarter. The bank holding company’s total revenues fell -1.2% from the year-ago quarter to $5.6 billion. It marginally missed the Zacks Consensus Estimate of $5.76 billion. Tax-equivalent NII was $3.2 billion in the reported...
Procter & Gamble posted fiscal second-quarter earnings and revenue that beat analysts’ expectations. The consumer goods company’s earnings came in at $1.66, vs. $1.65 expected Revenue of $20.95 billion also surpassed analysts’ expectations of $20.34 billion. Net sales rose 6% to $20.95 billion, exceeding expectations of $20.34 billion. Organic revenue, which strips out the impact of foreign...
Peloton Interactive shares climbed on Friday, following Thursday’s plunge that wiped $2.5 billion off the fitness equipment maker’s market value. The company refuted reports that it will suspend production of its bikes and treadmills. Thursday's CNBC report cited an internal memo suggesting that the group was planning to halt production for two months production due to a post-pandemic...
Netflix posted its fourth-quarter earnings, which surpassed analysts’ expectations. However, the streaming giant reported slowing subscriber growth. The company’s earnings came in at $1.33, compared to 82 cents expected by analysts polled by Refinitiv. Revenue of $7.71 billion was in line with analysts’ expectations. Global paid net subscriber additions was 8.28 million vs 8.19 million...
U.S. Bancorp posted adjusted earnings of $1.07 per share for the quarter ended December 2021, missing the Zacks Consensus Estimate of $1.11 per share. Earnings were $0.95 per share a year ago. Over the last four quarters, the company has exceeded consensus EPS estimates thrice. Revenue of $5.66 billion for the quarter missed the Zacks Consensus Estimate by -1.76%. The figure was $5.73 billion...
Beyond Meat shares climbed higher Thursday, after McDonald's announced that it would expand the test market for its plant-based burger next month onwards. McDonald's said it would begin offering the McPlant created in collaboration with Beyond Meat, at around 600 test locations in U.S. restaurants, beginning on February 14. Location would mostly be in and around San Francisco and Dallas...