Tag Archives: earnings

Stock futures dipped Thursday morning as investors digested a host of mixed corporate earnings results and reassurances from monetary policymakers that the latest spike in inflation would likely prove temporary. Global data was also in focus, with a weaker-than-expected GDP report out of China pointing to a marked growth slowdown. Contracts on the S&P 500 declined after the index eked out a record intraday high during Wednesday’s regular session. The Dow looked to open nearly 200 points… Source link

Stock futures opened near the flat line Tuesday evening as investors looked ahead to more corporate earnings results and another batch of inflation data. Contracts on the S&P 500 was little changed. During Tuesday’s regular session, the blue-chip index rose to a record intraday high before pulling back and ending lower. Each of the Dow and Nasdaq also pulled back, with cyclical areas of the market like airline stocks and financials posting some of the biggest declines.  Concerns over the pace… Source link

Goldman Sachs (GS) reported second-quarter earnings results on Tuesday that far exceeded Wall Street’s expectations, driven by strength in investment banking. Here were the key figures versus expectations:  Adjusted earnings per share (EPS): $15.02 per share vs. $10.15 estimate Revenue: $15.39 billion vs. $12.43 billion estimate Goldman’s investment banking business posted its second-best quarter ever with $3.61 billion, following a record first quarter. Revenue from investment banking… Source link

JPMorgan Chase (JPM) kicked off the second quarter earnings season for bulge-bracket backs on Tuesday, reporting better-than-expected earnings results that were bolstered by a strong economy and the release of credit reserves. Here are the key figures versus estimates, according to Bloomberg: Adjusted earnings per share (EPS): $3.78 vs. $3.15 estimate Excluding credit reserve releases: $3.03 per share Revenue: $31.4 billion vs. $30.06 billion estimate During the quarter, the largest U.S. bank by… Source link

PepsiCo’s (PEP) second quarter earnings release is going down easy for investors.  The beverage and snacks giant — widely expected by analysts to have a strong quarter as economies globally re-open from the pandemic — blew away forecasts across the board. Total revenue rose 20.5% from a year ago, powered by strong double-digit sales gains in PepsiCo’s North America beverage, Latin America, EU and Africa businesses. Sales rose by 6% each in the Frito Lay North America and Asia Pacific… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, July 13, 2021 Huge earnings today don’t equal huge returns tomorrow The second quarter earnings season unofficially kicks off this morning, with Goldman Sachs (GS), JP Morgan (JPM), and PepsiCo (PEP) among the first companies out of the gate.  And as we’ve chronicled over the last few weeks here at the Morning Brief, expectations have… Source link

U.S. stocks traded mixed on Monday as investors awaited signs of a further rebound in corporate profits with the start of second-quarter earnings season this week. The Dow dropped to pull back from Friday’s record closing high. The S&P 500 also hovered just below an all-time high. The Nasdaq gained to reach a new record intraday high, however, as technology stocks outperformed. The 10-year Treasury yield steadied around 1.35%, recovering after dipping to a five-month low of below 1.3% last… Source link

Meme stock traders are once again showing their love for new bestie Bed Bath & Beyond.  Shares of Bed Bath & Beyond (BBBY) exploded more than 30% at one point in Wednesday’s session as traders digested the retailer’s first quarter earnings. To be sure, there were a lot of positives for the meme traders — which sent the stock surging 40% out of the blue in a session earlier this month — to hang their hats on from Bed Bath & Beyond’s latest results.  First, CEO Mark Tritton made mention of… Source link

Equities research analysts predict that Yandex (NASDAQ:YNDX) will report earnings of $0.39 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Yandex’s earnings. Yandex reported earnings of $0.09 per share in the same quarter last year, which would indicate a positive year over year growth rate of 333.3%. The firm is expected to issue its next quarterly earnings results on Tuesday, July 27th. On average, analysts expect that… Source link

Foot Locker (FL) is prepared to ride the coattails of serious momentum at key vendor Nike, analysts contend.  On Thursday evening, Nike reported record sales in North America for its fourth fiscal quarter. Sales surged 141% from last year, and 29% compared to the fourth quarter of 2019 (pre-pandemic). Digital sales soared 147% from the fourth quarter of 2019. Jordan brand sales rose an impressive 31% to $5 billion in Nike’s just completed fiscal year. Shares of Nike exploded 15% on Friday as… Source link