Earnings Reports

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Memory chip maker Micron reported stronger earnings after the close Wednesday. Both business lines, DRAM and NAND memory chips exceeded forecasts. $AMD has been trying to recover from near their six months lows with the technology selloff.

KB Homes reported better than expected Q1 earnings after the market Tuesday on lower than expected revenue from the weatherand power issues in Texas. The stock was higher with other homebuilders after robust order numbers. $KBH had the company's highest backlog level in the last 15 years.

Cloud data platform Snowflake, who launched it's IPO last September reported Fiscal 4th quarter earnings Wednesday. $SNOW sold off after it's full-year guidance did not exceed analysts’ estimates, a miss in a hugely overvalued technology sector. SNOW also announced an end to its dual-share class structure.

Oil giant ExxonMobil reported its fourth quarter earnings Friday with its fourth quarterly loss in a row. The Covid pandemic caused plunging oil demand within a supply glut but early stages of demand recovery are seen. Q1 was $XOM's first quarterly loss in 32 years, leading to the first annual loss in that time. XOM’s new focus is on carbon capture energy-transition technologies

ConocoPhillips reported better than expected fourth quarter earnings before the market opened Tuesday on higher production. Houston based $COP is the largest U.S. based independent exploration and production firm based on production volumes. On Jan. 15, 2021, ConocoPhillips closed the acquisition of Concho.

Chevron reported worse than expected fourth quarter earnings Friday for the third quarter in a row. Nevertheless $CVX increased their dividend payout for the 33rd consecutive year. Capital spending was down, the Noble Energy acquisition completed in October 2020. Revenue continues to be hammered by the coronavirus economic collapse.

The world's largest oil fields service company Schlumberger reported better than expected Q4 earnings Friday. Revenues in all four reporting segments of Schlumberger fell. Strength came from digital solutions and multiclient seismic license sales.

Morgan Stanley reported better than expected fourth quarter earnings before the bell Wednesday as a resurgence in investment banking dealmaking saw a 46 per cent surge in Q4 revenues versus a year earlier. $MS will resume $2bn in share repurchases back. The bank followed Bank of America, JPMorgan Chase, Wells FargoPNC FinancialGoldman Sachs and Citigroup reporting.

Goldman Sachs, America's largest investment bank reported much stronger than expected fourth quarter earnings before the bell Tuesday. Revenue at all four of $GS businesses rose in the quarter with trading adding the most, jumping 23% to $4.3 billion

Bank of America reported better than expected fourth quarter earnings before the bell Tuesday and announced a $2.9 billion share buyback plan for Q1, the maximum allowed under Federal Reserve regulations. $BAC followed Citigroup $C JPMorgan Chase $JPM. Wells Fargo $WFC reporting

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