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Tuesday, April 4, 2023

Earnings — 1Q23

Locator: 44309B.

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 threee 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.

Past reports.


Disclaimer: this is not an investment site.

Earnings -- 1Q23
January - March, 2023

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.

DE

Tesla: huge miss. Link here.

TSM: missed, beat. Link here.

SCHW: of interest following the failure of Silicon Valley Bank.
  • 4Q22 net income: rose 25% to $1.97 billion, 97 cents / share
  • one year ago: $1.58 billion, 76 cents / share
  • adj earnings: $1.07 / share; short of forecast of $1.09 / share
  • 4Q22 revenue rose 17% to just under $5.5 billion; forecast: $5.55 billion
  • added 4 million new accounts in 2022, bringing its total to 34 million
  • total client assets: $7.06 trillion; down from $8.14 trillion at the end of 2021
  • gathered $128 billion in net new assets to bring its annualized growth rate to about 8%
  • client allocations to fixed income increased 66% during the fourth quarter against the end of 2021, as investors took aim at self-directed tools and income-focused products such as tax-exempt and taxable bonds.

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