Friday, 29 October 2021

Exxon posts highest quarterly profit in years, but revenue disappoints

Exxon topped earnings expectations during the third quarter of 2021, but revenue came up short of estimates.

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Chevron reports highest free cash flow on record as rebound in oil boost results; shares gain

Chevron said Friday that it generated the highest free cash flow on record during the third quarter as commodities prices surged.

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Thursday, 28 October 2021

Amazon set to report third-quarter earnings after the bell

Amazon is grappling with higher costs tied to employment and fulfillment expansion, as well as heightened pressures from global supply chain constraints.

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Apple will report fourth-quarter earnings after the bell

Apple is currently in the middle of massive growth as sales of iPhones, iPads and Macs exploded during the pandemic.

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Starbucks is about to report its earnings. Here's what to expect

Shares of the company have risen more than 5% this year, giving it a market value of $133 billion.

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Taco Bell parent earnings beat, fueled by strong demand for KFC

KFC's same-store sales climbed 6% after falling 4% a year ago.

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Comcast beats expectations for revenue, earnings and internet customers in third quarter

NBCUniversal saw a large revenue boost from Olympics broadcasts in the summer.

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Oil giant Shell misses on third-quarter profit as Dan Loeb calls for the company to break up

Oil giant Royal Dutch Shell on Thursday reported weaker-than-expected third-quarter earnings and announced it had set itself a bigger carbon reduction target.

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Wednesday, 27 October 2021

Ford is set to report results after the bell. Here's what Wall Street expects

Ford previously raised its guidance for the year, but said the second half of the year would be weaker than the first six months.

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Boeing takes $183 million charge from 787 Dreamliner flaws, cuts production to 2 a month



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GM shares jump after reporting third-quarter earnings that beat Wall Street estimates

Analysts say they expect relatively solid results, despite a global shortage of semiconductor chips that has depleted vehicle inventories and suttered plants.

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McDonald's is about to report earnings. Here's what to expect

Investors want to see how McDonald's is weathering issues hitting the restaurant industry, like labor challenges, higher food costs and the delta variant.

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Coca-Cola earnings top estimates as consumers drink more beverages away from home

Coca-Cola reported fiscal third-quarter earnings and sales that topped analysts' estimates, prompting the beverage giant to hike its annual outlook again.

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Tuesday, 26 October 2021

Twitter shares rise after company says Apple privacy changes had less of an impact than expected on third-quarter results

Twitter on Tuesday reported its third-quarter earnings, meeting analysts' expectations for revenue and user growth.

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Robinhood shares tank as revenue falls way short of expectations on lighter crypto trading

Stock trading app Robinhood reported third quarter results after the bell on Tuesday.

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AMD sales rise 54% on strong demand for chips for servers and game consoles

AMD has benefitted from a surge in electronics sales as its central processors and graphics processors power PCs, servers, and game consoles.

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Alphabet reports third-quarter earnings after the bell

Alphabet's advertising revenue is increasing as businesses reopen from the pandemic and spending returns.

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Microsoft set to report earnings after the bell

While Microsoft expects fast growth to continue in its Azure cloud business, the company is investing in security, with a major executive hire and acquisitions.

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Wealth management boom helps UBS report $2.3 billion profit, beating estimates

UBS has beaten analyst expectations in the third quarter as its wealth management division continues to outperform.

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Monday, 25 October 2021

Thursday, 21 October 2021

Snap plummets 25% after missing on revenue expectations

Snap reported its third-quarter earnings on Thursday, missing revenue expectations after Apple’s iPhone privacy changes disrupted its advertising business.

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Intel shares fall after company blames shrinking PC chip business on component shortages

Intel is in a period of massive capital expenditure as it spends $20 billion this year, including on a new semiconductor factory in Arizona.

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Here's what to expect from Chipotle earnings

Shares of Chipotle have risen 31% this year, giving it a market value of $51.3 billion.

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AutoNation shares hit new all-time high after reporting record quarterly earnings

AutoNation's stock Thursday morning topped $130 a share for the first time ever, according to FactSet.

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J&J Covid vaccine added $502 million to third-quarter sales

Johnson & Johnson reported earnings that beat Wall Street's profit expectations but revenue missed estimates.

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P&G earnings top estimates as price hikes help offset some costs. Warns more inflation ahead

Procter & Gamble raised its forecast for inflation, predicting that higher commodity and freight costs could hit fiscal 2022 earnings by $2.3 billion.

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American Airlines posts profit thanks to federal aid, revenue improves

For the fourth-quarter American expects its revenue to be down about 20% from 2019.

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Southwest Airlines' October flight cancellations cost carrier $75 million

Southwest said flight cancellations in October cost it $75 million as it grappled with understaffing.

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Wednesday, 20 October 2021

IBM shares drop on weaker-than-expected quarterly revenue

IBM expects to spin out its managed infrastructure services unit early next month, CEO Arvind Krishna said in a statement. The move should boost revenue growth.

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Tesla set to report third-quarter results after the bell

Tesla's deliveries rose during the quarter, setting a new company record, despite chip shortages and supply chain challenges weighing on the industry.

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Tuesday, 19 October 2021

Friday, 15 October 2021

Thursday, 14 October 2021

Domino's Pizza stock falls 3% after U.S. same-store sales turn negative

Domino's Pizza stock fell as much as 5% in premarket trading after the pizza chain's U.S. same-store sales turned negative.

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Wells Fargo profit jumps nearly 60% in the quarter, revenue tops expectations

Wells Fargo on Thursday posted a jump in profit in the third quarter with net income of $5.1 billion, marking a sharp increase from $3.2 billion a year ago.

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Citigroup is set to report third-quarter earnings — here’s what the Street expects

Citigroup will report its latest earnings report on Thursday as major Wall Street banks announce their third-quarter results.

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Morgan Stanley beats estimates on record investment banking and asset management results

Morgan Stanley is well positioned for the moment.

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Walgreens earnings top estimates, as drugstore gives twice as many Covid vaccines as expected

The drugstore chain will hold an investor day and lay out its growth plans on Thursday.

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Bank of America tops estimates on reserve release, strong advisory and asset management results

Banks have been releasing loan loss reserves when defaults didn't arrive.

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Tuesday, 12 October 2021

Consumers are splurging on diamonds. Signet Jewelers just hiked its full-year outlook — again

Signet Jewelers also announced it agreed to buy the off-mall jewelry chain Diamonds Direct USA for $490 million.

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Friday, 8 October 2021

Shares of semiconductor giant Samsung fall after it says third-quarter profit likely rose 28%

Samsung said its operating profit for the quarter that ended in September was up 28% from a year ago to 15.8 trillion Korean won ($13.26 billion).

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Wednesday, 6 October 2021

Levi Strauss earnings beat as new denim styles drive sales growth, retailer raises outlook

Although many apparel companies have been hit by global supply chain bottlenecks, Levi has fared well comparatively due to its diversified manufacturing.

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Tuesday, 5 October 2021

Pepsi earnings top estimates despite higher supply chain costs, company raises revenue forecast

PepsiCo on Tuesday raised its full-year forecast after its quarterly earnings and revenue topped analysts' expectations.

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Monday, 4 October 2021

Ford's sales improving but still down by 27.4% in the third quarter

The drastic fall was narrower than auto forecasters expected, but wider than the overall industry that was projected to be down between 13% and 14%.

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