Saturday, 30 April 2022

Berkshire earnings decline in the first quarter on slowing economic growth, stock market pullback

Warren Buffett's Berkshire Hathaway reported Saturday a decline in first-quarter earnings, as the conglomerate was not immune to a slowing U.S. economy.

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Thursday, 28 April 2022

Amazon shares fall on bleak forecast and slowest growth since dot-com bust

Amazon gave a revenue forecast that trailed analysts' estimates and recorded a big loss on its Rivian investment.

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Intel beats but offers disappointing guidance

Intel called for weaker-than-expected second-quarter earnings and revenue as it plans exapansion through factories in the U.S. and Germany.

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Robinhood shares fall as retail brokerage reports shrinking revenue, fewer active users

Robinhood was up against some tough comparisons in the first quarter, when interest in so-called meme stocks in 2021 fueled its rapid growth. 

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Apple reports second-quarter earnings after the bell

Apple earnings: Investors are increasingly wondering how the demand for iPhones, iPads, and Macs is holding up during deteriorating macroeconomic conditions.

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

McDonald's and its franchisees have been raising prices in the U.S. as oil and other commodity costs soar.

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Huawei's first quarter revenue tumbles by nearly 14% as smartphone sales plunge

Chinese telecommunications giant Huawei said first quarter revenue fell by nearly 14% from a year ago, while its profit margin more than halved.

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Barclays beats expectations but suspends buybacks after U.S. trading blunder

Barclays said last month that it had sold $15.2 billion more in U.S. investment products — known as "structured notes" — than it was permitted to.

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Wednesday, 27 April 2022

Facebook shares spike on better-than-expected quarterly earnings

Meta, the company formerly known as Facebook, reported earnings after the bell. Here are the results.

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Ford sees first-quarter profit dragged lower by Rivian stake, but maintains 2022 earnings guidance

Rivian stock shed about 52% of its market cap during the first quarter, bringing the value of Ford's stake down from $10.6 billion to $5.1 billion.

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Pinterest jumps after earnings beat

The company missed analyst expectations slightly on monthly active users.

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Qualcomm revenue pops 41% driven by Android phone chip sales

Qualcomm makes most of its money from selling processors and modems for smartphones and licensing technology for connecting to cellular networks.

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Deutsche Bank posts seventh straight quarter of profit, warns of increasing cost pressures

Deutsche Bank reported Wednesday its seventh consecutive quarterly profit, but warned that the current environment is "challenging" and "cost pressures have intensified."

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Chipotle earnings beat estimates as customers paid more, helping offset surging costs

Chipotle's restaurant operating margins shrank as it paid more for beef, avocados, paper and labor.

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General Motors maintains 2022 guidance despite rising costs and supply chain issues

GM reaffirmed plans to produce 25% to 30% more vehicles this year than last year.

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Microsoft earnings beat across the board, stock up on outlook

Microsoft's Azure cloud revenue came in higher than analysts had expected, with the company citing strong demand for consumption-based services.

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Alphabet reports weak earnings and revenue on big YouTube miss

Alphabet reported earnings after the bell. Here are the results.

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Tuesday, 26 April 2022

Warner Bros. Discovery posts 13% revenue jump, 2 million new streaming subscribers in Q1

The results don't include first-quarter performance from WarnerMedia, which Discovery bought this month.

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PepsiCo raises revenue outlook as earnings beat estimates despite higher costs

Pepsi reported a $193 million impairment charge, after taxes, as it tries to discontinue or reposition some of its juice and dairy brands in Russia.

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UBS beats expectations for the first quarter; continues to reduce Russia exposure

The bank said macroeconomic, geopolitical and market factors created a high level of uncertainty in the first three months of the year.

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Monday, 25 April 2022

Coca-Cola is about to report earnings. Here's what to expect

Shares of Coke have climbed 19% over the last 12 months, giving it a market value of $283 billion.

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Friday, 22 April 2022

Old Navy CEO to exit as parent company Gap cuts sales guidance

Gap Inc. announced Thursday that the CEO of its Old Navy division, Nancy Green, is leaving her post this week.

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Thursday, 21 April 2022

Snap reports ‘challenging’ quarter that missed sales and profit estimates

Snap reported first-quarter results on Thursday after the bell.

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American forecasts second-quarter profit on soaring travel demand, stock surges 11%

American expects to fly as much as 94% of its 2019 schedule, more than competitors Delta Air Lines and United Airlines.

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Wednesday, 20 April 2022

United forecasts a 2022 profit as passengers return and pay more to fly

United says strong demand and higher fares are allowing the airline to cover its fuel costs.

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Tesla reports first-quarter earnings after the bell on Wednesday

Wednesday's earnings call comes amid news of CEO Elon Musk's hostile takeover bid for Twitter.

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Procter & Gamble is about to report earnings. Here's what to expect

Consumer goods giant P&G may serve as a bellwether for investors as costs rise shoppers weigh higher price tags.

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Tuesday, 19 April 2022

IBM first-quarter results beat estimates

IBM sees growth in 2022 after the company spun off its managed-infrastructure services unit.

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Netflix reports earnings after the bell — here's what to expect

All eyes are on Netflix's subscriber numbers after the company offered weak guidance of 2.5 million adds last quarter.

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J&J lowers 2022 revenue and earnings expectations, stops giving Covid vaccine sales guidance

When asked about halting guidance for J&J's Covid vaccine, CFO Joe Wolk said the shots are not for profit and do not impact the company's bottom line.

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Monday, 18 April 2022

Bank of America profit tops estimates as lender releases reserves for soured loans

Bank of America is supposed to be one of the big beneficiaries of rising interest rates — but will that be enough to offset declines in investment banking?

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Thursday, 14 April 2022

Morgan Stanley earnings top estimates fueled by trading revenue gains

Morgan Stanley saw stronger-than-expected revenue from equity and fixed income trading amid volatile markets.

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Wells Fargo shares fall as quarterly revenue misses estimates on weaker-than-expected mortgage lending

Wells Fargo on Thursday reported lower-than-expected first-quarter revenue amid a drop in mortgage lending.

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Citigroup tops earnings estimates on better-than-expected trading revenue

Citigroup topped first-quarter profit and revenue estimates helped by better-than-expected trading results.

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Goldman Sachs tops analyst estimates as trading desks crush expectations amid surging volatility

How will Goldman Sachs navigate trickier, more volatile markets?

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Rent the Runway CEO sees inflation as a competitive advantage for the company

On Wednesday, the fashion rental platform reported fiscal fourth-quarter revenue ahead of analysts' estimates along with a narrower-than-expected loss.

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Wednesday, 13 April 2022

Bed Bath & Beyond posts disappointing results after low inventory hurt business in the holiday quarter

Bed Bath & Beyond is in the middle of a turnaround effort and has been under pressure from an activist investor.

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Delta forecasts a quarterly profit as travelers keep flying despite higher fares, helping offset surging fuel costs

Delta said it expects a pretax profit in the second quarter and that it will restore capacity to 84% of 2019 levels.

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JPMorgan Chase earnings are out – Here are the numbers

JPMorgan, the biggest U.S. bank by assets, will be watched closely for clues to how Wall Street fared during a tumultuous first quarter.

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Thursday, 7 April 2022

Levi Strauss earnings top estimates as shoppers buy at higher prices, denim retailer reaffirms 2022 outlook

Levi Strauss sold more of its jeans and T-shirts at higher price points, often directly to consumers.

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