2Q16 Earnings

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Earnings Calendar

Earnings for the current quarter will be reported at this page; the link will be on the sidebar at the right, under "Earnings Central." When we start to see earnings reports for any quarter, the "Earnings Central" link is moved to the top of the sidebar until the earning season is over.

I don't have time to check/update earnings on all companies listed below. If you see one that I have missed, feel free to send it in (anonymous comment or by e-mail) and I will post it.

Much of this information is done in haste. I assume there are factual and typographical errors. It is for my personal use only. If this information is important to you, go to the source.

August 5, 2016

BRK: profit jumps 25%. "B" shares up 2.5% on a huge day for the market. 
NOG: press release here. 

August 4, 2016

EOG: here. 

Chesapeake Energy: here. A huge miss.

SRE: here. A huge miss.

August 3, 2016

Tesla: all eyes on Tesla. Huge miss.
CLR: earnings. Transcript.

August 2, 2016

MDU: forecast, 21 cents; beat at 24 cents.

July 29, 2016

XOM: big miss; unusual for XOM; usually hits its numbers; 41 cents vs $1.00 year ago; but expectations were for 64 cents/share this quarter.

July 28, 2016

Amazon Bezos: becomes world's third-richest man, leap-frogging Warren Buffett; part of the reason was that Warren Buffett continued to donate part of his worth to charity;
COP: misses by 18 cents; billion-dollar loss.
Baker Hughes: missed;
Alphabet (Google): beats expectations; shares surge.
Amazon: beats again in Q2; thanks to cloud services; a very high bar had been set; analysts expected $29.54 billion in revenue, $1.11/share. Actual: $30.4 billion and, wow, a $1.78/share. Incredible.
Cabela's: misses 2Q profit forecasts; shares slump;
Carbo Ceramics: a loss of 50 cents easily beats expectations; shares surge;
Helmerich & Payne: wider-than-expected losses; shares down;
SolarCity: it now looks like SCTY will report August 3, 2016; forecast a loss of $2.47/share
TransCanada: the Keystone folks; profit beats; asset sales plan moving forward; shares up; net income 40 cents/share;

July 27, 2016

Comcast: revenue grew 2.8% to $19.27 billion; net income fell to 83 cents from 84 cents a hear ago;

Exelon: 
Facebook: slams earnings/revenue; 97 cents vs 81 cents; $6.44 billion vs $6 billion
Hess: reports a $1.29/share loss; expectations, $1.26/share loss; shares down in pre-market trading
Murphy Oil: wow, holy mackerel, is this correct? earnings at 36 cents/share vs a forecast of a loss of 41 cents/share;
NextEra Energy: huge beat; $1.67/share vs $1.16/share; a subsidiary, FPL: net income was essentially flat at 96 cents vs 97 cents same period a year ago;
QEP: 23 cents/share loss vs 38 cents/share expectations, but shares drop
Whiting: a loss of $1.33; adjusted, 70 cents/share; missed expectations, a loss of 48 cents/share; WLL down almost 6%, at $7.35;
XLNX: revenue, $2.214 vs $2.377 last year; earnings, $2.05 vs $2.35 last year; shares up before announcement; down minimally after announcement

July 26, 2016

McDonald's misses estimates. Analysts worry restaurants headed toward recession.
APPL beats expectations. Huge story.
Baxter slammed estimates; earned 46 cents vs 38 - 40 cents/share.
CAT: regardless of details, investors must be happy. Shares surge over 5%.
EW: up almost 2%. 

July 22, 2016

SLB: beats on top and bottom lines. Earnings of 23 cents vs estimate of 22 cents; revenue of $7.164 billion vs estimate of $7.126 billion. Still, huge decrease y-o-y. But they are still making money.
GE: reported best profit gain in more than five years; earnings soared 65% to 51 cents/share, beating estimates by 5 cents. Shares fell slightly in early trading.

July 21, 2016

ATT: shares down slightly on a down day for the market; profit meets estimates; TV subscribers drop; 72 cents/share; in-line

Chipotle: bad report though Chipotle tried to "talk it up"; same-store sales still more than 20% lower than this time last year; 87 cents/share; underperformed analysts' expectations significantly; shares slump
GM: earnings released for 2Q16. GM profit more than doubles on US earnings. Incredible. 

Earnings of $2.87 billion; cut low-profit sales to rental car companies. GM raised its earnings guidance for the year. Even eked out a $137 million profit in Europe, but made $500 million on its joint venture in China. 

Starbucks: sales growth is slowing; earnings beat forecast; particularly worrisome was the 4% growth in the Americas, Starbucks' largest segment
Union Pacific: profit falls 19%; demand remains under pressure; 

July 20, 2016

KMI: matched earnings at 15 cents/share; but missed on revenue estimates. Shares up slightly.

Qualcomm: improved results; a solid outlook for 3Q16; earned a whopping 97 cents/share, up from 73 cents/share. Shares jumped in after-hours trading.

HAL: beat expectations; sees rig count rising in 2H16. I'm not as optimistic.

Morgan Stanley: profits fells 14% but beat forecasts, and stories remain positive about banks and Morgan Stanley.

July 19, 2016

 

Microsft earnings reported as "surprisingly strong":

Microsoft posted revenue of $20.6 billion in the fourth quarter of its 2016 financial year, a decline of 7 percent year on year. Operating income was $3.1 billion, compared to a $2.1 billion loss in the same quarter last year. Net income was also $3.1 billion, as compared to a $3.2 billion loss, and earnings per share were $0.39.

The full 2016 financial year figures were revenue of $85 billion, down 9 percent year on 2015, operating income of $20.2 billion, up 11 percent, net income of $16.8 billion, up 38 percent, and earnings per share of $2.79, up 42 percent.

Those 2015 losses were substantially a result of the $7.6 billion write-down of Nokia's assets. 2016 also included a further, final Nokia-related write-down but this one was a mere $950 million.  

Goldman Sachs Group: quarterly profit soared 78%, handily beating expectations, as the Wall Street bank earned more from bond trading and debt underwriting.

UnitedHealth's profit surges. Quarterly earnings soared above Wall Street expectations, though the nation's largest health insurer took another hit from coverage linked to ObamaCare. Earnings at $.196 vs $1.89 forecast; added another $200 million more in losses this year due to ObamaCare.

July 18, 2016

Hasbro: Hasbro fascinates me because of my interest in Lego.

Hasbro posted the biggest decline among S&P 500 constituents following its Q2 earnings release. The headline numbers were strong, as sales, operating profit, and earnings all improved. Hasbro's licensed brands led the way higher. In particular, demand for Disney's Star Wars, Princess, and Frozen-branded toys and games pushed that segment up by 15%, compared with a 5% gain for company-owned brands such as Nerf and Play-Doh.

Hasbro squeezed more profit out of those sales gains as well. Operating margin rose to 9.7% of revenue from 9.5% a year ago. The company is reaping the financial rewards from its success at "driving strong consumer and retailer demand for our brands globally," CEO Brian Goldner said.  

Netflix: long-time readers know my fascination with Netflix.

Netflix shares dropped as much as 15 percent in after-hours trading after it posted subscriber numbers that missed its own guidance. This news overshadowed its earnings results that beat analysts' expectations on Monday. The company said it added 1.7 million subscribers during the quarter, below its own expectations of 2.5 million. For the quarter, Netflix added 160,000 memberships in the U.S. and 1.52 million internationally. The streaming giant had said in April it expected to add 500,000 members in the U.S. and 2 million internationally. Netflix said membership churn increased slightly during the quarter.