Category: earnings
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Costco Q3 earnings beat all key metrics after shares closed at an all-time high
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Costco (COST) posted another huge quarter as consumers look for wallet-friendly prices on everyday essentials. On Thursday afternoon, the company reported net sales of $58.52 billion, compared to estimates of $57.98 billion. Its adjusted earnings of $3.78 also beat estimates of $3.70. “We’re definitely winning in consumer items, where we…
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Alibaba Health surges 13% on strong FY earnings By Investing.com
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Investing.com–Stocks Ali Baba Health IT (HK:) rose sharply on Tuesday after the company reported a sharp jump in its annual profits thanks to improving margins and strong demand for healthcare services and pharmaceuticals on its platforms. The company, which was acquired by e-commerce giant Alibaba Group (HK:) (NYSE:) in 2014,…
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Earnings week ahead: Salesforce, Costco, Canopy Growth, Dell, Dollar General, and more
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Nikolaeva Elena The last week of May, although shortened by the holiday, is still packed with major earnings reports from various sectors. The list of notable names includes Salesforce (New York Stock Exchange: Customer Relationship Management), Costco Wholesale (Nasdaq: Cost) and canopy growth (Nasdaq: CGC). On the technological front, investors…
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Retailers on one side and Nvidia on the other – Earnings Scorecard
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Half the spotlight this week was shared with retailers on one side, and then there was Nvidia (NVDA), the market driver, on the other. Let’s quickly recap some of the important findings reported this week in the aftermath First quarter earnings season. Fifteen companies included in the Standard & Poor’s…
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Walmart and Target earnings show Americans are struggling with inflation
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Economists have been looking for cracks in U.S. consumer spending for years now amid persistent inflation and rising interest rates, but until recently, Americans have been defying the odds at every turn. Despite persistent recession forecasts and dismal consumer sentiment numbers due to rising costs of living, Americans have managed…
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US stocks closed lower ahead of Nvidia earnings
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All major US stock indices closed lower, led by the Dow Jones Industrial Average, which fell -0.51%. Nvidia’s post-close earnings were released with expectations of $5.65 on revenue of $24.69 billion (give or take – I see other estimates of $5.60 on $24.60 billion). The company reported adjusted EPS of…
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Sky Harbour Reports Positive Outlook in Q1 Earnings By Investing.com
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Sky Harbour (ticker not provided), a company specializing in airport infrastructure, reported a strong start to 2024 in its first-quarter earnings call. The company announced increased revenues, with expectations for further growth in the second quarter as their three campuses are fully leased. The CEO, Tal Keinan, detailed plans for…
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Major earnings releases for the week starting May 20 highlighted by Nvidia.
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Next week’s earnings calendar is arguably not over, with the most important earnings announcement scheduled for Wednesday, May 22nd when Nvidia reports earnings after the close. Summary of the most important releases: Monday 20 May Zoom in Palo Alto Networks Trip.com Tuesday 21 May Louise Take care of the brothers…
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The ‘Magnificent 7’ term needs to be retired after Q1 earnings: Goldman Sachs By Investing.com
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Goldman Sachs noticed a major shift among major technology companies, often dubbed the “Magnificent Seven,” following its first-quarter results. Collectively, Apple Inc (NASDAQ:)., Amazon.com Inc (NASDAQ:)., Alphabet (NASDAQ:) Inc., Meta Platforms Inc (NASDAQ:)., Microsoft Corporation (NASDAQ:), NVIDIA Corporation (NASDAQ:). ? Tesla (NASDAQ:) Inc. An increase in its profits by 48%…
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Faraday Future Announces Fourth Quarter and Full Year 2023 Earnings Webcast Timing By Investing.com
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LOS ANGELES–( BUSINESS WIRE )– Faraday Future Intelligent Electric (Nasdaq: FFIE) (“Faraday Future or FF or the Company”), today announced… California-based Intelligent Electric Mobility Ecosystems Co., said it is scheduled to hold a conference call on its fourth-quarter and full-year 2023 results after the market close on Tuesday, May 28,…
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Deutsche Bank lifts S&P 500 target on strong earnings By Investing.com
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Strategists at Deutsche Bank increased their target for the end of the year to 5,500, compared to the previous 5,100. The review is based on a strong earnings cycle and the expectation that market confidence will grow by the end of the year, which should positively impact US stocks. “We…
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Copart Posts Steady Q3 Earnings; Matches Estimates By Investing.com
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DALLAS – Copart, Inc. announced (NASDAQ:), the global leader in online auto auctions, announced its financial results for the third quarter ending April 30, 2024, with flat earnings per share (EPS) and an increase in revenue compared to the same quarter last year. The company reported third-quarter EPS of $0.39,…
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Commerzbank rises on decade-high quarterly earnings
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Commerzbank AG raised its lending income forecast this year after recording its best quarterly profit in more than 10 years. The German lender generated net income of 747 million euros ($808 million) in the three months through March, beating analysts’ consensus of 656 million euros, Commerzbank said in a statement…
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Sony shares rally 10% as $1.6 bln buyback offsets weak earnings By Investing.com
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Investing.com — Japanese stocks of electronics group Sony Shares of Corp (TYO:) rose sharply on Wednesday after it announced a massive stock buyback and stock split, offsetting weak annual earnings and middling guidance. Sony shares jumped 10% to 13,170.0 yen, the highest level in nearly two months. The stock was…
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NAT) “ 1Q 2024 Earnings Report By Investing.com
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Tuesday, May 14, 2024 Dear shareholders and investors, Please note that the 2024 Q1 earnings report is scheduled to be released on Wednesday, May 29, 2024 before the opening of the New York Stock Exchange. sincerely, Herbjörn HanssonFounder, Chairman and CEO Nordic American Tankers Ltd. www.nat.bm Cautionary statement regarding forward-looking…
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US stock futures just higher; key inflation data, retail earnings due By Investing.com
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Investing.com — U.S. stock index futures rose on Monday, trading in tight ranges as caution set in ahead of key inflation data, due later this week, which will likely factor into interest rate expectations. At 06:20 EST (10:20 GMT), it rose 34 points, or 0.1%, rose 6 points, or 0.1%,…
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Emerson shares inch up on earnings, revenue beat By Investing.com
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street. LOUIS – Emerson Electric Company (NYSE: NYSE:) reported stronger-than-expected second-quarter performance, with adjusted earnings per share (EPS) and revenue beating analysts’ expectations. EMR shares rose 0.9% in pre-market trading. The company reported second-quarter adjusted EPS of $1.36, which beat analysts’ estimates of $1.25. Revenue also beat expectations, coming in…
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Disney posts surprise profit in streaming, raises earnings forecast
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Written by Lisa Richwine LOS ANGELES (Reuters) – Walt Disney’s streaming entertainment unit reported its first earnings on Tuesday, two quarters ahead of schedule, and the media company raised its annual earnings per share forecast, as it said its turnaround efforts were paying off. The company’s shares fell 1.4% in…
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Kosmos Energy stock gains as Q1 earnings top estimates By Investing.com
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Dallas – COSMOS ENERGY LIMITED . (NYSE:) reported earnings beat for the first quarter of 2024, with adjusted earnings per share (EPS) coming in at $0.21, beating analysts’ expectations by $0.04. However, the company’s revenue of $419.1 million was below the consensus estimate of $422.68 million. Despite the slight shortfall…
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How Nvidia is dominating an AI-obsessed earnings season without even reporting yet
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Andrecraf/iStock, Michael M. James/Getty, Tyler Low/PI Nvidia is dominating earnings season, and has yet to report results. Other big tech giants have mentioned on earnings calls that they are ramping up investment in AI infrastructure. Nvidia It offers the popular H100 GPU chip used by many companies, and is specifically…