This is linked at the top of the sidebar at the right during earnings season. After earnings -- pretty much after Whiting and Apple posts their earning, this post will move back into obscurity.
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EOG: missed / beat depending on how measured; reported; link here. In a Biden presidency, EOG looks in better position than many of its competitors;
SRE: preview November 4, 2020; will report November 5, 2020); conference call transcript here:
- consensus EPS: $1.52 (+1.3% y/y). Actual: $1.21 (misses by 31 cents -- huge)
- consensus revenue: $2.62 billion (-5.1% y/y). Actual: $2.64 -- interesting.
MDU: preview (November 3, 2020; will report November 4, 2020):
- consensus EPS: 63 cents vs 47 cents last year; day later: huge beat: 75 cents
- consensus revenue: $1.6 billion (+2.3% y/y); day later; misses by $10 million
- increases guidance to range of $1.80 to $1.90 vs guidance of $1.65 to$1.85;
COP: $500 million loss; vs $3.1 billion profit one year earlier.
AAPL; investors not happy but Apple actually exceeded expectations. Barely.
Ford: Link here.
Ford reported net income in the third quarter of $2.4 billion, or 60 cents a share, compared with $400 million, or 11 cents a share, a year earlier.
And, actually, even better than that:
Excluding items, Ford's profit was $3.6 billion, or 65 cents a share, topping the 19 cents analysts polled by Refinitiv had expected.Analysts get much of their information from guidance provided by the CEO. How was this missed? 60-plus cents reported vs expectations of 20 cents.
Boeing, link here:
- surprise beat
- sales, EPS, cash burn were stronger than expected
- looking to fire another 7,000 workers while another 4,000 to be lost through attrition
- revenue: $14.14 billion, down almost 30% y/y but beating estimates of $13.84 billion
- loss per share: $1.39 vs $1.45 y/y; beating estimate of a loss of $2.08/share
EPD reports in-line.
- EPS: 48 cents vs 48 cents forecast
- net income: $1.084 billion vs 1.045 one year ago
- adjusted EBITDA: $2.06 vs $2.023 one year ago
- 3Q20 cash distribution 0.6% increase compared to year ago
- distributable cash flow provided 1.7 time coverage of the distribution
- pays 10.31%
MSFT: earnings easily top expectations but forecast for Xbox's debut quarter dings stock;
- earnings beat across all three segments
- guidance comes in short of expectations for revenue as new video game consoles arrive
- EPS: $1.82/share; $13.9 billion; up from $1.38 a year ago;
- revenue reached $37.2 billion, up from $33.06 billion a year ago
- forecast: $154 and $35.76 billion
- adjusted EPS: 41 cents vs forecast of 35 cents;
- revenue exceeded analyst expectations;
- record 3Q20 revenue driven by strong demand for PC, gaming, and data center products; the latter drove the Xilinx acquisition;
AMD: buys XLNX for $35 billion; AMD earnings here;
- revenue of $5.0 billion for the quarter; up sequentially 7%; down 14% y/y
- adjusted operating loss of $234 million was favorable sequentially and down 45% y/y
- adjusted EPS was 4 cents
- free cash flow for the quarter was $52 million
OKE: link here.
- EPS: $2.01 vs $2.03; a surprise of -0.99%
- revenue: $4.92 billion vs $5.04 billion
- this was the killer: high margin coal and automobile shipping way down, and it won't get better;
CAT, link here: sales and revenues declined 23% y/y to $9 billion;
- net profit: $668 million, or $1.22/share
- compared to $1.4 billion, $2.66 one year earlier;
ATT, link here: overall a good report;
- revenue: $42.3 billion vs $44.6 billion a year earlier;
- operating income: $6.1 billion vs $7.9 billion a year ago;