Rental car giant Hertz reported fourth-quarter earnings that were better than Wall Street expected, on renewed demand for travel as the Covid-19 pandemic eased in many parts of the world. The company ...
Tag: Estimates
Chipotle earnings misses estimates on revenue, earnings, same-store sales
Chipotle Mexican Grill (CMG) reported quarterly results that missed expectations on Tuesday, sending shares down more than 5% in after-hours trading. In its fourth-quarter results, Chipotle posted sam...
WHO Estimates Death Toll May Cross 20,000 As Freezing Weather And Aftershocks Slow Rescue Efforts
Topline The death toll from the powerful earthquake that struck Turkey and Syria on Monday could rise above 20,000, a World Health Organization official warned late Monday, as ongoing efforts to rescu...
Wall Street Estimates On US Federal Reserve Rate Hike Decision
The U.S. Federal Reserve will announce another crucial rate hike decision during the FOMC meeting on Wednesday, February 1, primarily based on the aim to reduce inflation to 2%. Considering the coolin...
Altria tops earnings estimates for Q4, board approves $1 billion share buyback program
Altria Group Inc. MO, +4.95% said Wednesday it had net income of $2.690 billion, or $1.50 a share, in the fourth quarter, up from $1.624 billion, or 88 cents a share, in the year-earlier period. Exclu...
WDC Stock: Western Digital Earnings Miss Estimates
Western Digital (WDC) reported quarterly results late Tuesday that beat revenue estimates but fell short on earnings. WDC stock dropped. The maker of disk drives and memory chips reported an adjusted ...
Analyst picks Exxon over Chevron after latter missed profit estimates
Chevron Corporation (NYSE: CVX) is trading down this morning after reporting its fourth-quarter profit that came in shy of street estimates. Chevron has a new stock buyback programme In its upstream b...
U.S. Economy Beats Estimates And Grows 2.9% In Q4
(Photo by Spencer Platt/Getty Images) Getty Images Key takeaways The U.S. economy grew at an annualized rate of 2.9% in Q4 2022, ahead of the forecast 2.8% It’s the second consecutive quarter of posit...
Blackstone profit falls, but distributable earnings beat estimates
Blackstone Inc. BX, +3.02% stock fell 1% in premarket trades on Thursday after the private equity firms said its fourth-quarter net income fell to $557.9 million, or 75 cents a share, from $1.4 billio...
Archer Daniels Midland blows past Wall Street’s profit and revenue estimates
Archer Daniels Midland Co. ADM, -1.24% said Thursday its fourth-quarter profit rose to $1.02 billion, or $1.84 a share, from $782 million, or $1.38 a share, in the year-ago quarter. Adjusted earnings ...
US economic growth tops estimates, grew by 2.9% during the fourth quarter
The U.S. economy grew by 2.9% during the fourth quarter, narrowly topping estimates of 2.8%. Growth in the final three months of last year was primarily driven by consumer and federal government...
IBM Stock: Tech Giant Beats Quarterly Estimates As Consulting Biz Leads Growth
IBM stock sank late Wednesday, though the technology mainstay beat Wall Street’s fourth-quarter expectations. X During the December period, IBM (IBM) earned $3.60 per share, minus some items, on...
T Stock: AT&T Earnings, Full-Year Free Cash Flow Top Estimates
AT&T (T) early Wednesday reported fourth-quarter earnings that topped estimates while revenue came in just below Wall Street targets. T stock popped, moving into a buy zone, as full-year free cas...
Union Pacific Q4 Earnings Miss Estimates Hit By Winter Weather & Network Congestion
Union Pacific Corp (NYSE: UNP) reported fourth-quarter FY22 sales growth of 8% year-on-year to $6.18 billion, missing the consensus of $6.31 billion. Higher fuel surcharge revenue, core pricing gains,...
Raytheon sales fall slightly short of estimates as it announces to realign into three business segments
Raytheon Technologies Corp. RTX, -0.54% said Tuesday it had net income of $1.422 billion, or 96 cents a share, in the fourth quarter, more than double the $686 million, or 46 cents a share, posted in ...
Goldman Sachs And Morgan Stanley Both Miss Earnings Estimates As Mixed Banking Results Continue
(Photo by Spencer Platt/Getty Images) Getty Images Key Takeaways It’s been a mixed bag for Wall Street this earning season, with some banks beating estimates and some notching major misses Some themes...
American Airlines hikes revenue estimates after strong Q4
American Airlines shares surged Thursday after the carrier hiked its revenue and profit estimates for the fourth quarter thanks to strong demand and high fares. American stock gained nearly 10% to $16...
World’s Biggest Chipmaker TSMC Tops Estimates, Bucking Trend as Industry Cools
(Bloomberg) — Taiwan Semiconductor Manufacturing Co. reported quarterly profit that exceeded analysts’ estimates, using its clout to boost earnings even as the chip industry braces for a potenti...
Chip Giant TSMC Reported Record Sales But Missed Estimates
As the world’s largest chip manufacturer, TSMC was positioned to bear the brunt of the slowing demands in general. Taiwanese multinational chip manufacturing giant Taiwan Semiconductor Mfg. Co. Ltd (N...
World Bank Estimates the Global Economic Slowdown will Last Long
Given the global economic conditions over the past few months, the expectations from the world economy to perform better in the near future seems quite low. Many prestigious international organization...
Netflix stock jumps 4% as Goldman Sachs boosts estimates amid weakening dollar
Netflix (NFLX) stock rose nearly 4% on Tuesday after Goldman Sachs boosted its estimates for the streaming giant amid a weakening U.S. dollar, extending a recent winning streak for shares of the strea...
Alibaba Is Top Pick, Analyst Boosts Estimates Expecting Growth Recovery And Easing Logistics From Fiscal 24
Benchmark analyst Fawne Jiang reiterated Buy on Alibaba Group Holding Limited (NYSE: BABA) with a $180 price target. Jiang views BABA stock as a top pick for a big-cap China value play in 2023. Fundam...
How Much Will Bank Stocks Move On Earnings? Draw Estimates With Option Prices
Earnings season kicks off this week with banks starting to report earnings on Friday before the market opens. X We have Citigroup (C), Bank of America (BAC), Wells Fargo (WFC), JPMorgan Chase (JPM) an...
EXAS Stock Jumps As It Raises Estimates
Exact Sciences (EXAS), a provider of cancer screening and diagnostic tests, raised revenue estimates for its fourth quarter on Monday. EXAS stock soared on the news. X The company expects revenue in t...
Buy Tesla stock even though its Q4 deliveries missed estimates: Analyst
Shares of Tesla Inc (NASDAQ: TSLA) are down more than 5.0% this morning after the EV company reported its quarterly deliveries and production figures. Tesla reports record deliveries in Q4 The multina...
Tesla Posts Record Q4 Deliveries, But Misses Street Estimates
Tesla (TSLA) – Get Free Report posted weaker-than-expected fourth quarter deliveries, the carmaker detailed Monday, but still notched a all-time high overall tally for the year amid the biggest...
Amazon Analyst Slashes FY23 Estimates As Investors Seek Its Upside Pricing Power
Needham analyst Laura Martin reiterated Buy on Amazon.com Inc (NASDAQ: AMZN) with a $120 price target. Martin believed that AMZN’s economic model has problems created by itself. The analyst held...
How Much Power Does Bitcoin Network Consume? Here’s What Glassnode Estimates
Here’s some data from Glassnode that reveals estimates related to the power consumption of the Bitcoin network, if all miners used the same mining machines. Bitcoin Network Best-Case Scenario Would Be...
Bitcoin miner CleanSpark reports $42.3 million net loss, missing estimates
Bitcoin miner CleanSpark reported $26.2 million in revenue, missing the average estimate of $27.1 million. The non-GAAP net loss of $42.3 million was also worse than the estimate of $15.4 million for ...