Earnings

GoPro reported second-quarter earnings that beat analysts’ expectations on Thursday. Here’s how the company did compared with Thomson Reuters consensus estimates: Loss per share: 15 cents vs. 22 cents expected Revenue: $282.7 million vs $270.2 million expected The stock was up as much as 10 percent in after-hours trading before giving up those gains and
0 Comments
Tesla shares leaped higher after chief executive Elon Musk said the electric car maker beat Wall Street’s revenue expectations, apologized for prior bad manners toward analysts and reiterated a promise for future profitability. Tesla’s stock jumped 9 percent in trading Thursday. Oppenheimer, which upgraded Tesla shares to outperform following the earnings report, told clients the
0 Comments
“Elon Musk apologized multiple times for his inappropriate behavior on last quarter’s call,” analyst Brad Erickson said in the note to clients Wednesday. “TSLA’s forward commentary was mostly better than feared, … and the CEO worked to restore some faith and credibility with investors that he can be a plus to the investment narrative, not
0 Comments
The owner of Taco Bell, KFC and Pizza Hut beat expectations on the top and bottom lines Thursday, but fell short of a key sales metric in its second-quarter earnings report. Shares of Yum Brands slipped 2.5 percent in premarket trading Thursday and are down 2.6 percent since January. Net income rose 56 percent to
0 Comments
U.S. chemicals producer DowDuPont’s reported better-than-expected profit for the fourth straight quarter, driven by higher prices and strong demand for its products including paints and packaging materials. The company, formed after chemical giants Dow Chemical and DuPont merged last year, has launched new packing materials, components for laundry detergents and a new seed variety, Chief
0 Comments
On Wednesday, Musk said of his impoliteness towards analysts, “I violated my own rule in that regard…There’s no excuse.” The CEO’s contrite tone on Wednesday’s call may assuage the concerns of investors who worried about Musk’s leadership style under pressure. CFRA’s Efraim Levy wrote in a note to investors on Wednesday, even ahead of the
0 Comments
Fitbit shares jumped after releasing better-than-expected second-quarter numbers. Here’s how the company fared: Loss per share: 22 cents, vs. 24 cents forecast by Thomson Reuters. Revenue: $299.3 million, vs. $285.3 million forecast by Thomson Reuters. Analysts had projected second-quarter revenue of $285.4 million, or a 20 percent year-over-year sales decline. Fitbit reported a smaller-than-expected revenue
0 Comments
Archer Daniels Midland‘s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.–China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New York Stock Exchange. Operating profits
0 Comments
Caterpillar reported record second-quarter earnings per share Monday and bumped up its full-year forecast. The big machinery exporter also said it would offset a sizable second-half profit hit from the tariffs by raising prices. “Caterpillar delivered record second-quarter profit per share,” CEO Jim Umpleby said in a statement. “Based on outstanding results in the first
0 Comments
Cloud-based software company LogMeIn fell more than 24 percent during late-morning trading due to weak outlook for the third quarter. The Boston-based company reported earnings per share of $1.32 versus Wall Street expectations of $1.25, according to FactSet. However, it lowered its revenue expectations for the fiscal year by 2 percent. LogMeIn now expects its
0 Comments
Chevron reported quarterly profit and revenue that fell short of Wall Street’s expectations, but the company’s stock still rose after the oil major announced it would begin buying back $3 billion of its stock from shareholders each year. The plan to return cash to investors is another sign that Chevron is moving past a bruising
0 Comments
Amazon shares rallied after the e-commerce giant reported a second-quarter profit that doubled Wall Street’s expectations. Amazon’s stock jumped more than 4 percent in premarket trading Friday. “Amazon continues to perform at a level well-above its mega cap internet peers,” stated a note from Barclays. “In a critical time, Amazon’s stellar sales and burgeoning margin
0 Comments
Investors punished Exxon Mobil on Friday after the oil major’s latest quarterly report added to a growing string of earnings disappointments. The oil major’s profit has now fallen short of Wall Street’s expectation in four of the last five quarters. This latest earnings miss came as Exxon surprised analysts with a heavier-than-anticipated maintenance schedule for
0 Comments
Twitter shares closed more than 20 percent down on Friday after the company reported a decline in monthly active users and weak guidance. Twitter reported second-quarter earnings before the bell on Friday: Earnings per share: 17 cents vs. 17 cents, according to a Thomson Reuters consensus estimate Revenue: $711 million vs. $696.2 million, according to
0 Comments
Intel stock fell by more than 6 percent on Thursday following the release of the company’s second-quarter earnings, which were better than expected. Here’s how the company did in the quarter: Earnings: $1.04 per share, excluding certain items, vs. 96 cents per share expected by analysts, according to Thomson Reuters. Revenue: $16.96 billion, vs. $16.77
0 Comments
Revenue and profit at Starbucks surged to new records during its fiscal third quarter, topping Wall Street estimates in a tough period marred by public outcry over the coffee chain’s treatment of minorities. Total sales jumped 11.5 percent to $6.31 billion, up from $5.66 billion during the same period last year, Starbucks said in releasing
0 Comments
Advanced Micro Devices (AMD) closed out 14 percent higher on Thursday following a strong earnings report. The Santa Clara, California-based company exceeded Wall Street’s expectations in both earnings and revenue: Earnings per share: $0.14 vs. $0.13 , forecast by Thompson Reuters. Revenue: $1.76 billion vs. $1.72 billion, forecast by Thompson Reuters. The gains will build
0 Comments