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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Earnings -- 4Q19
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CLR: full press release here.
Daimler Benz: crashes and burns; huge loss; slashes dividend;
BA: huge loss against forecast of a gain. Stock drops day before; after earnings report, shares surge. Report here. Also here.
AAPL: best quarter ever. Shares surge.
MDU: great quarter; shares unchanged.
F: tanks; bad, bad report.
BA: not related to earnings, but a bad day for Boeing, January 21, 2020 -- dropped $10.78 during the day and another $2.67 after hours. Down about 11% for the day; 737 MAX will be further delayed;
FuelCell: wider-than-expected losses; revenue misses forecasts; stock tumbles 23%. It's a penny stock; trading at $2.13, it fell 75 cents or 26%. This tells me all I need to know about recent oilprice article suggesting hydrogen costs could drop by 50% in the long run.
Earnings season begins: off to the races and right out of the gate -- BAX --
- 4Q19 net sales increased 7% on a reported basis and 9% on an operational basis
- shares: spike -- up 3.81%; up $3.29; trading at $89.16
Netflix reports that it added 8.8 million subscribers despite growing competition; shares up almost $6.00; up 1.85%; earnings exceed estimates, up 31% year-over-year, and more or less in line with predictions of $5.25 billion; GAAP earnings of $1.47/share vs analyst estimates of $1.05/share.IBM: after-hours, surged $5.59, up 4.02%;
forecast full-year profit above market expectations on Tuesday after reporting surprise growth in quarterly revenue, boosted by its high-margin cloud computing business, sending its shares up more than 4%.Schlumberger: stock surges after profit, revenue beat expectations.
The company forecast an adjusted profit of at least $13.35 per share for the year, compared with estimate of $13.29.IBM reported adjusted gross profit margin of nearly 52% for the quarter, a rise of 230 basis points, which was its largest in more than 10 years.
Adjusted EPS came in at 39 cents vs 37 cents forecast. Net income fell to $333 million of 24 cents/share, from $538 million, or 39 cents/share in the same period a year ago. Revenue rose to $8.32 billion from $8.18 billion, beating a forecast of $8.16 billion. Free cash flow was $1.5 billion for the quarter and $2.7 billion for the year. From a year ago, 4Q18: SLB: beat/meet; stock surges; 36 cents vs 36 cents forecast; revenues of $8.18 billion vs expectations of $8.06 billion.Baker Hughes: income fell to 7 cents/share; $48 million, from 28 cents/share year ago/$131 million.
Adjusted earnings grew to 27 cents from 26 cents; but below the consensus of 31 cents.CSX: revenues drop 8% year-over-year; due to loss of coal shipments; shares dropped 2.5% on the news; guidance not good.
- BK: beats estimates, but barely; $1.01 vs 99 cents; layoffs continue; will spend huge amount on tech in new year; shares plunge 8%;
- Morgan Stanley: $1.30/share on $10.9 billion in revenue; topping analyst expectations of $1.02/share on $9.8 billion.
- JP Morgan earnings crushed analysts' estimates; best year ever in the history of any bank, ever; profit rose 21% to $8.52 billion or $2.57/share; forecast, $2.35/share; revenue of $29.2 billion vs estimate of $27.94 billion;
- Citi: $1.90/share vs $1.84 forecast; revenue, $18.378 billion vs forecast of $17.855 billion;
- Wells Fargo: per-share earnings of 60 cents missed the $1.12 expected by analysts; earnings totaled $2.87 billion vs $6.06 billion a year earlier;
Alcoa: misses by a mile.CMCSA (Comcast): huge pre-market but then plunged almost 4% during / after earnings call; link here.
- forecast: an adjusted loss of 21 cents/share; sales of $2.5 billion
- actual: an adjust loss of 31 cents/share; sales of $2.4 billion
- cord-cutting will get worse
- less-then-stellar numbers (mostly due to "Cats")
- good news:
- adding broadband customers at record rates;
- young wireless service on way to being profitable
- NBCU is getting ready to debut new theme parks and attractions
- will focus on those that don't mind paying more for a "premium experience" with its next-generation, set-top box X1
- Comcast added enough new broadband subscribers to more than offset its video subscriber losses, bringing on 1.1 million new customers in 2019, a record high;
- Peacock: free; but not quite
- Comcast's Xfinity Mobile: cell phone service launched two and a half years ago
- 2 million customer lines
- added 816,000 in 2019
- added 854,000 in 2018
- big addition at theme park in Japan: Super Nintendo World
- comments: mixed bag; what I particularly don't like: a set-top box; what I also don't like: multi-tier pricing