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Delta Air Lines
beat earnings estimates in the fourth quarter as air travel demand remained strong but the stock fell in early trading Friday as the carrier’s first quarter guidance disappointed.
The airline (ticker: DAL) reported adjusted earnings per share of $1.48 in the fourth quarter, and revenue of $12.3 billion, an 8% increase on the same period in 2019.
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Oracle
shares were moving higher late Monday after the company posted better-than-expected financial results for its latest quarter. The enterprise software giant continued to see success in shifting more of its business to the cloud during the period.
“Simply put, we had an outstanding quarter,” Oracle CEO Safra Catz said on a call with analysts. “More and more customers are recognizing our second generation infrastructure cloud as being better architected for higher performance, better security and unmatched reliability” than other cloud providers.
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Home Depot
third-quarter earnings results beat expectations, giving the stock a boost on Tuesday.
The home-improvement retailer reported third-quarter earnings of $4.24 a share, topping analysts’ projections of $4.12 a share. Revenue came in at $38.9 billion, up 5.6% from a year earlier and topping estimates for $38 billion. Same-store sales rose 4.3%, ahead of estimates for 3.1%. U.S. same-store sales rose 4.5%.
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Netflix
shares were trading sharply higher after the streaming giant posted better-than-expected subscriber growth for the third quarter.
The company added 2.41 million net new subscribers in the quarter, beating its own forecast of 1 million additions. Netflix (ticker: NFLX) said it expects to add another 4.5 million subscribers in the December quarter.
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Micron Technology
shares are under renewed pressure after the memory chip company posted weak results and provided softer-than-expected financial forecasts.
The anemic quarterly results, reported after the close of trading on Thursday, were no real surprise. Micron had ratcheted down expectations amid weak demand from personal-computer manufacturers and other customers, reflecting softening consumer spending. But even with the market braced for bad numbers, the severity of the expected downturn flagged in management’s earnings guidance still managed to surprise the Street.
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