- Details
- Written by ThePitBoss
- Category: Earnings Reports
Consumer electronics giant Apple reported better than expected September quarter earnings Thursday. Revenue from iPhones dissppointed. $AAPL did not other guidance given the COVID-related supply chain and consumer disruptions. Sales in Greater China were weak, down 28% on the year.
- Details
- Written by Super Harley
- Category: Earnings Reports
Etsy reported better than expected third-quarter earnings after the market Wednesday. Revenues came in over $400 million with the marketplace platform expected to have sustained momentum during the coronavirus lockdown with orders and customer relationships becoming more developed.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
Software giant Microsoft reported better than expected September quarter earnings Tuesday after the close. The Azure public cloud for hosting applications and websites grew 48%, accelerating from 47% in the prior quarter, faster than the 44% growth. Server products and cloud services revenue advanced 22%.
- Details
- Written by Super Harley
- Category: Earnings Reports
Social media company Snap, owner of Snapchat reported better than expected third quarter earnings expectations with revenues up 52% year-over-year and a adjusted EPS of $0.01 versus a loss of $0.04 last year. Daily active users rose by 18% year-over-year to 249 million.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
Texas Instruments reported better than expected quarter earnings Tuesday and guided higher for the second quarter. $TXN's earnings report ahead of other chipmakers Advanced Micro Devices $AMD, Qualcomm $QCOM and Intel $INTC.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
Citigroup posted better than expected results before the market as equity and fixed interest revenue helped overcome lockdown related credit-loss losses. $C reported after other money center banks JPMorgan Chase $JPM, Wells Fargo $WFC.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
JPMorgan Chase, America's largest bank reported better than expected Q3 earnings Wednesday before the open. $JPM Investment banking revenue rose 12% to $2.1 billion on higher stock and bond underwriting fees. Citbank and Wells Fargo also reported Tuesday.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
KB Homes reported better than expected Q3 earnings after the market Tuesday. The stock jumped 3% after it had been bid up over 4% with other homebuilders after a robust existing housing sales number before the report. A rise in homesales since the COVID lockdown has suprised many experts..
- Details
- Written by Super Harley
- Category: Earnings Reports
Machine data analytics specialist Splunk reported mixed second quarter earnings, missed on revenue but beat on earnings. In a mirror of last quarter $SPLK traded sharply down initially but bounced after the conference call focused on the successful shift to a SaaS model accelerating with cloud driving.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
Occidental Petroleum reported for the second quarter on Monday a loss of $8.13 billionn including impairment charges of $6.6 billion. $OXY is the biggest Permian Basin producer is living on a knife edge. ExxonMobil , Chevron and Diamondback reported a much sounder position.
