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- Written by ThePitBoss
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PNC Financial reported better than expected first quarter earnings before the bell on Friday after Wells Fargo $WFC and JPMorgan $JPM.PNC beat on revenue with a growing loan book with improving interest rate margins.
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- Category: Earnings Reports
JPMorgan Chase, America's largest bank reported better than expected Q1 earnings Friday before the open. $JPM announced record revenue and profits led by Consumer & Community Banking. Wells Fargo $WFC and PNC Financial $PNC also reported.
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- Written by Super Harley
- Category: Earnings Reports
Iconic American blue jean maker Levi Strauss & Co. released its first earnings report since the company’s initial public offering last month with first quarter earnings per share of 37 cents on revenue of $1.44 billion.
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- Category: Earnings Reports
Athletic apparel company Lululemon Athletica, best known for it's yoga gear reported better than expected fourth quarter earnings sending the stock to all time highs, up over 10%. $LULU business is high margin, accelerating and expanding in new lines, online sales and in China.
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Lennar Corporation reported worser than expected Q1 earnings after the market profit up from last year but a decline in homebuilding revenue hurt the top line. $LEN is benefitting from the new income tax regime.
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KB Homes reported better than expected Q1 earnings after the market swinging to profit from a loss last year. A decline in homebuilding revenue hurt the top line. $KBH is benefitting from the new income tax regime.
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Open source Linux software provider Red Hat, who will be acquired by IBM reported earnings after the close Monday, missing on earnings and on revenue. $RHT new products OpenShift and OpenStack have been ramping up revenue from hybrid cloud computing.
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Nike reported stronger earnings than expected after the close Thursday however weaker-than-expected sales in North America during its fiscal third quarter and lower margins than expected saw $NKE shares fall about 4.5% after closing at a record high of $88.01.
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Memory chip maker Micron reported better than expected earning and revenues after the close Wednesday. $MU had scaled back its forecasts on DRAM and NAND memory chips. $MU was up 8.6% on the news and is now up more than 37% for 2019.
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- Category: Earnings Reports
FedEx Corp reported after the close Tuesday missing expectations on tax benefits and with costs and wage rises. $FDX also lowered guidance giving us insight into the slowing international global trade growth trends and threats from online retail giant $AMZN and rivals $UPS and DHL.
