Earnings Reports

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Shares of food delivery company GrubHub collapsed over 40% after reporting dismal earnings and lowered guidance before the market led analysts to agressively downgrade $GRUB. Competition from Uber, Doordash and Postmates is eating marketshare.

ConocoPhillips reported better than expected third 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. 

Retail monster Amazon.com reported lower than expected third quarter earnings Thursday, beating on revenue but missing on EPS. The growth in AWS sales fell from 40% in Q1 to 35%, slowest growth in five years. $AMZN fell $116 or 6% on the release

Electric vehicle and storage company Tesla reported a surprise profit for the third quarter after the close Wednesday sending $TSLA up over 20% on short coveringe. Tesla also said it was ahead of schedule with a new factory in Shanghai.

Software giant Microsoft reported better than expected September quarter earnings Wednesday after the close. LinkedIn,  Cloud offerings, Azure infrastructure services, Office 365 productivity software and Dynamics enterprise software were all ahead of forecasts. 

Global industrial equipment manufacturer Caterpillar reported worse than expected third quarter 2019 EPS before the market open Wednesday and again warned that China demand was falling. $CAT fell 2.5% but reversed to close up 1.2% on the day. Caterpillar also lowered full-year earnings guidance.

Oil and gas servicing giant Halliburton reported in line third second quarter earnings Monday before the market but with lower revenue. $HAL followed earnings from Schlumberger.. $HAL said momentum building internationally and activity improvement should continue, the stock popped 8% squeezing short interest.

The world's largest oil fields service company Schlumberger reported better than expected Q3 earnings Friday. The report reflected the expected reduction in North America land activity and seasonal activity in the Northern Hemisphere.

Railway giant CSX Corp delivered better than expected Q3 earnings, though earnings fell 4% as weakness in coal and intermodal dragged revenues lower. $CSX train velocity improved 13% to record levels while car dwell remained relatively stable near record levels.

Aluminum producer Alcoa reported worse than expected second quarter earnings on Wednesday with a wider-than-expected loss hit by lower alumina prices. $AA has been hurt by demand, and the implications for the global economy with the Trade War affect and tariffs.

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