Wednesday, July 20, 2022

Earnings -- 2Q22

Note: this is, hands down, one of the most boring things I to do each quarter. I doubt anyone really looks at it but the day I quit doing this will be the day I miss posting something important. The word "important" is used loosely. Very loosely.

This is so boring that I actually didn't record a thing for 1Q20, but that was two years ago. Maybe things have changed. LOL.

This is linked at the top of the sidebar at the right during earnings season. After earnings -- pretty much after XOM and Apple posts their earnings -- this post will move back into obscurity.


Disclaimer: this is not an investment site.

Earnings -- 2Q22
April - May, 2022

This is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here. If this is important to you, go to the source. There will be content and typographical errors on this page. If something looks wrong, it probably is.

Cash flow of the oil companies, 2Q22: link here.

Deere: a hit and a miss.

MRNL: huge quarter.

BRK: link here.

NOG: link here.

OXY: Link here.

  • net profit: $3.6 billion vs $4.7 billion in the 1Q22
  • adjusted income for shareholders: $3.2 billion vs $2.1 billion
  • free cash flow: $4.2 billion
  • highest quarterly FCF to data

DVN: link here; beat; raised dividend

CLR: July, 2022, corporation investor presentation.

AAPL: beats, huge. Record revenue.

AMZN: shares surge; up 13%!

Huge quarter for:

  • Mercedes
  • Ford
  • Shell
  • TTE

Meta (Facebook):    

  • third consecutive quarter misses expectations
  • in deep trouble with Apple blocking ads
  • Zuckerberg says Apple and Meta in philosophical fight

Refiners: link here.

Tesla: Big bottom line beat. Earnings --

  • non-GAAP EPS: $2.27 vs $1.80 forecast;
  • non-GAAP revenue: $16.9 billion vs $17.1 billion beat
  • vehicle prices are up 25% to 30% from a year ago, automotive margins compressed for the quarter to 28%
  • previously: margins were 33% in 1Q22
  • a slightly disappointing delivery figure of 254,695 EVs for 2Q22
  • the company sold 75% of its position in Bitcoin: total Bitcoin sales, $936 million
  • shares up nicely for the day

BKR: 2Q22 earnings. Shares are down 6% in pre-market trading. 

Netflix: I've long lost interest in Netflix, but for the record, 2Q22 earnings. Link here.

  • after numbers came out, shares closed 6% higher; closed just short of $202;
  • worldwide subscriber much loss than expected: 970,000 vs forecast of two million
  • guidance: expects to add one million subscribers
  • revenue up nine percent
  • will clamp down on "account sharing."

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