Tuesday, July 16, 2019

2Q19 Earnings

CLR: mixed; EPS way down from last year, but only missed estimates by a penny; on the other hand, revenues up.

ETP: nice.

Oasis: beats. Barely.

Morgan Stanley: mixed; shares up slightly so investors must have liked the results; but not a particularly good story;

Baker Hughes (GE): beats; shares up 5% on the news

Whiting: huge, unexpected loss. Forecast to earn 30 cents; in fact, lost 28 cents. Cut one-third of its work-force. Banks are probably "driving" the company. 

AAPL: July 30, 2019, after close; EPS forecast, $2.10; a year ago: $2.34;  

Suncor: 5% rise in 2Q19 operating profit and higher upstream production.

July 25, 2019:
  • GOOGL: jumps 9%; up $103/share; sales beat expectations; 
  • AMZN: shares down about 1.5%, hardly concerning; "Amazon reports disappointing Q2 results"; revenue growth accelerating but costs associated with same-day delivery cut into EPS -- hardly a concern;
  • INTC: shares jump 5%; up $2.65 to trade at $54.81; beats on 2Q19 results; raises guidance
  • CMCSA: shares down a percent; earnings beat; revenue light as video subscriber loss grows
  • FSLR: delays report; will report August 1
  • TMUS: shares down 1.5%; strong earnings trumped by silence on Sprint merger deal
  • SBUX: up 6%; soars to all-time high on strong earnings
  • BAX: reported earlier; shares up 1.5% today; boosts full-year outlook after topping 2Q19 estimates
TSLA: the stock of the day -- plunges 12% after earnings come out; loss of $1.12; consensus, a loss of only 40 cents; but the big problem: margin of 19%; only good news: free cash flow greater than forecast

F: beats on both top and bottom line but shares plunge 7% due to weak guidance

FB: beats; shares up about 1%

BA: huge loss; much worse than expected; MAX 737 a disaster

CAT: down 5% after reporting miss; down $7 to $131.

EW: huge earnings; outlook -- stock jumped as much as 13%; up $25; hitting all-time high of almost $220.

HAL: jumped 9% today after announcing earnings.

SLB: earnings of 35 cents in line with estimates; the bottom line, however, declined from 43 cents a year ago; revenues of $8.269 billion almost identical to last year; beat estimates of $8.115 billion

UNP: huge beat

BK: beats on earnings; but a mixed report overall;

BAC: beats on earnings; net income rose 13% year-over-year.

IBM: met on revenue; beat on earnings.

Deere and Tractor Supply: see this note.

JP Morgan: huge beat; see this note;

Citi: beat

July 16, 2019: QCOM, BK, railroads --

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