Earnings Reports

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DocuSign, leading provider of electronic signature technology reported better than expected Q2 earnings as digitization of documents continues to become standard practice. Many had expected revenue growth to slow after the work-from-anywhere boom. $DOCU actually raised revenue guidance for Q3 and FY22.

Database software developer MongoDB soared to record highs after announcing better than expected Q2 (Jul) earnings as the demand for NoSQL databases runs hot. MDB also raised its FY22 earnings and revenue guidance for the second time this fiscal year.

Leading video conferencing software company Zoom Video Communications reported better than expected fiscal second-quarter earnings, but the guidance sent shares plunging more than 9% in after-hours trading. Investors will want to hear updates on the Five9 transaction.

British oil major BP PLC reported better than expected second quarter earnings Tuesday. $BP approved a dividend hike of 4% & plans to buy back $1.4 billion worth of shares. Higher profit margins at convenience stores in BP’s petrol stations boosted results.

Texas independent oil and natural gas company Diamondback Energy reported better than expected second quarter earnings after the market close Monday. $FANG raised 12.5% dividend of 45 cents per share.

Chevron reported better than expected second quarter earnings Friday. With oil and natural gas prices at significant highs we look at capital spending and Noble Energy acquisition updates. Fellow oil major Exxon also reports Friday.

Oil giant ExxonMobil reported better than expected second quarter earnings Friday as oil and natural gas prices hit long term highs after the Covid pandemic. The chemical segment hit record profits with surging plastic prices.

Retail monster Amazon.com reported June quarter earnings Thursday,first report since founder Jeff Bezos stepped down, beating on earnings but missed on revenues. $AMZN stock tumbled after they guided much lower than  expected. Q2 midline revenue of $109BN is projected to grow  the slowest in the past decade.

Social media beast Facebook reported better than expected second quarter earnings after the close Wednesday. $FB stock lost around 4% after guiding total revenue growth rates to decelerate significantly on a sequential basis. Sees itself transitioning from a social media company to a metaverse company in coming years.

Internet giant Alphabet, owner of Google reported huge beats in second quarter earnings after the close Tuesday. Google advertising, which includes search and YouTube ads, exhibited accelerating momentum again as did cloud and YouTube revenues sending $GOOGL higher.

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