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Pfizer Stock Gains After Earnings Beat. Revenue and Outlook Aren’t So Good.
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https://www.barrons.com/articles/servicenow-earnings-stock-price-ef3bea69
ServiceNow
posted better-than-expected results for its latest quarter and lifted its full-year outlook.
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American Express
delivered a fifth consecutive quarter of record revenue and all-time high earnings per share, but the group remains cautious on debt struggles among cardholders as it continued to build its reserves for credit losses.
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Applied Materials Stock Drops as Management Says Chip Markets Are Still Weak
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Self-driving-technology company
Mobileye Global
reported a disappointing quarter, and cut full-year financial guidance. The electric-vehicle price war, being led by
Tesla
is the main reason.
Mobileye
stock (ticker: MBLY) is down significantly in Thursday trading, falling more than 23%. The
S&P 500
and
Nasdaq Composite
are up about 0.6% and 0.9%, respectively.
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SAP
missed expectations for sales in its key cloud division and cut its outlook in first-quarter earnings released Friday. But the stock is still rising after the German software giant beat estimates for overall profit and revenue.
SAP
(ticker: SAP) reported earnings of €1.27 ($1.39) a share on revenue of €7.44 billion in the first three months of 2023. Analysts surveyed by FactSet had expected profit of €1.10 on sales of €7.30 billion.
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Price wars have consequences, even for Tesla, the world’s most valuable car company.
Tesla‘s (ticker: TSLA) first-quarter earnings, reported Wednesday evening, met expectations, but its first-quarter automotive gross profit margins were bad. No matter how investors slice and dice the numbers, results will leave them with questions about EV demand and Tesla’s pricing strategy.
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Alibaba
reported better-than-expected earnings in the final three months of 2022, giving Wall Street exactly what it wanted as analysts remain positive on the Chinese tech giant.
But there are signs that the destructive Covid-19 lockdowns that hurt the world’s second-largest economy last year continue to linger.
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Cisco
Systems shares are trading sharply higher in late trading Wednesday after the networking equipment provider posted solid results for its fiscal second quarter ended Jan. 28, while sharply increasing its outlook for the full year.
Cisco now expects fiscal 2023 to be its best growth year in at least a decade. The strong earnings report and surprising outlook should provide a boost to investor sentiment on the outlook for enterprise technology spending.
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PepsiCo
beat earnings and revenue estimates in the fourth quarter, driven by higher prices. It increased its annual dividend, sending the stock higher in premarket trading Thursday.
The beverages and snacks giant (ticker:PEP) reported adjusted earnings per share (EPS) of $1.67 on sales of $28 billion. Analysts were expecting EPS of $1.65 on sales of $26.8 billion.
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Royal Caribbean Group
did better than anticipated in the fourth quarter, turning in a narrower-than-expected loss and saying bookings were nearing record highs at higher prices.
The stock surged more than 6% in early trading Tuesday. It is now up close to 50% so far in 2023.
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Marlboro maker
Altria
Group beat earnings and revenue estimates in the fourth quarter and announced a new $1 billion share buyback plan.
The cigarettes company reported adjusted earnings per share (EPS) of $1.18 on revenue of $6.1 billion in the final three months of the year. Analysts expected EPS of $1.17 on sales of $5.15 billion in the quarter, according to FactSet data.
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Microsoft
posted better-than-expected results for the December quarter, driven by strength in cloud computing. But the strong results were tempered by disappointing guidance for the March quarter.
While the company saw weakness in its PC software business, Microsoft (ticker: MSFT) posted solid results in cloud computing and enterprise applications. In particular, the Azure public cloud business beat Wall Street growth estimates, which is a relief to investors nervous about the outlook for corporate IT spending.
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Netflix
posted better-than-expected subscriber growth in the fourth quarter, adding 7.66 million net new subscribers, well ahead of the 4.5 million the company had projected.
The company also announced that founder and co-CEO Reed Hastings was moving to the executive chairman role to “complete our succession process.” Netflix said that Chief operating officer Greg Peters will join Ted Sarandos as co-CEO of the company.
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Procter & Gamble
stock recovered from an early loss, edging higher after the consumer goods company posted second-quarter earnings that matched analysts’ expectations. Gross margins declined largely due to higher costs.
Net sales came in at $20.8 billion, while diluted earnings were $1.59 per share, Procter & Gamble said Thursday. Analysts had anticipated $20.7 billion of sales and a per-share profit of $1.59, according to FactSet.
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