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Wells Fargo reported worse than expected Q1 earnings before the bell Tuesday. $WFC reported along with JPMorgan $JPM&. The bank was hit by ramifications from COVID-19 with a$3.1 billion reserve build and a $950 million impairment of securities
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JPMorgan Chase, America's largest bank reported worse than expected Q1 earnings Tuesday before the open. JPM suffered massive loan loss provisions after the coronavirus pandemic locked down the U.S. economy. Wells Fargo also reported Tuesday.
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- Written by Super Harley
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Integration Network and Identity Management Company Okta Inc reported better than expected fourth earnings Thursday after the market close. Subscription revenue surged by 46% to $158.5 million. The results reflected the growing importance of identity
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Iconic farming, forestry and construction equipment maker Deere beat first quarter earnings before the open Friday. $DE maintained guidance despite global risks, higher US dollar and higher raw materials and freight costs fueling higher expenses and uncertainty.
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Chevron reported fourth quarter results Friday along with fellow oil major ExxonMobil. $CVX announced loss in the fourth quarter of 2019 from a profit last year. from upstream impairments and write-offs on Appalachia shale, Kitimat LNG, Big Foot, and other projects.
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Oil giant ExxonMobil reported worse than expected fourth quarter earnings but higher revenue Friday before the market as revenue missed in the chenical and downstream segments on lower margins and oil prices. $XOM traded lower on the report and Coronavirus concerns.
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Video game maker Electronic Arts reported better than expected December quarter earnings after the market Thursday. However $EA traded lower after warning on next quarters revenue. FIFA Ultimate Team matches were up nearly 40% y/y as it competed with Fortnite.
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Retail monster Amazon.com reported higher than expected fourth quarter earnings Thursday, beating on revenue and on EPS. $AMZN was up 10% on upbeat guidance now expecting higher revenue.
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General Electric reported better than expected fourth quarter earnings before the open Wednesday. $GE Shares continued to recover, rising 10% to be up nearly 50% in the past 12 months to its highest level since October 2018.
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Advanced Micro Devices reported better than expected Q4 earnings after the close Tuesday but guided revenue lower than expected over the year. $AMD has been on a tear in 2019, it was down 4% after the report.
