Intel Revenues Declined on Weakening Demand, Apple Shift, and Supply Disruptions

The company guided that supply chain problems are persisting longer than anticipated and consumers are holding back from purchasing new computers on rising inflation.

INTC

Apple Reports Record Sales, iPhone Sales Rise 9%

Apple Inc reported first quarter sales increased 12% driven broad gains across all of its products and services and many geographies. The company authorized share buyback program of $90 billion.

AAPL

Amazon Grapples With Slowing Growth, Rising Costs

Amazon.com Inc reported first quarter sales increased 7% and marked the sixth quarter of slowing growth in a row. Growth declined from 42% in the last quarter in 2022 to 7% in the first quarter in 2022.

AMZN

Twitter's Global Daily Active Users Rise 16%

Twitter reported first quarter 2022 advertising revenues increased 23% and global active daily users rose 16% to 229 million.

TWTR

McDonald's Global Comparable Sales Rise 12%, U.S. Sales Up 3.5%

McDonald's reported first-quarter sales increased 11% on strong growth in international locations. The U.S. restaurants same store sales increased 3.5% largely on menu price increases.

MCD

Cheesecake Net Jumps Five-fold, Reinstates Dividend and Buyback

Cheesecake Factory reinstated its stock repurchase program and quarterly dividend of 27 cents. Quarterly earnings shot up five-fold after all capacity restrictions were lifted at all restaurant concepts operated by the chain.

CAKE

Facebook Parent Meta Platforms Net Falls 21%

Facebook parent Meta Platforms added users in the first-quarter 2022 but net income fell 21% largely on the drop in ad revenues in the U.S. and Canada region.

META

Skechers Net Rises 23% On Record Quarterly Sales

Skechers USA Inc reported first-quarter 2022 sales increased 27% and earnings rose 23%. The third-largest footwear brand is on track to achieve $10 billion sales by 2026.

SKX

Chipotle Revenues Rise 16%, Plans to Add 235-250 Restaurants

Chipotle Mexican Grill, Inc said higher labor and food costs were offset by price increases across the menu. Comparable restaurant sales increased 9% and digital sales account for 42% of total food and beverage sales.

CMG

Alphabet Revenue Growth Slows, Plans $70 Billion Buyback

Alphabet Inc, parent of Google, said quarterly revenue growth slowed to 23% from 34% in the year ago period. YouTube revenue growth fell short of expectations and cloud services segment revenues soared 44%.

GOOG

Microsoft Quarterly Revenues Up 18%, Net Income Up 8%

Microsoft said March quarter revenues increased 18% driven by strong performance in its enterprise, personal, and cloud computing segments.

MSFT

UPS Revenues Jump on Price Increases, Shipment Volumes Fall

UPS reported first-quarter 2022 revenues increased 6.4% and adjusted net income rose 10% from a year ago. Average Total domestic package volumes declined to 19.7 million from 20.4 million a year ago.

UPS

PepsiCo Net Benefits from Higher Prices and Volumes, Lifts Outlook

PepsiCo said first-quarter 2022 revenues rose 9.3% and reported better-than-expected earnings on strong performance in its food and beverage businesses. The company also lifted its annual outlook.

PEP

Coca-Cola Sales Rise 16%, Net Jumps 24%

The Coca-Cola Company reported first quarter 2022 revenues increased 16% on unit case volume growth, improved business mix and price increase. Sparkling soft drinks grew 7% driven by increases in all geographies and hydration, sports, coffee and tea reported 10% increase in the quarter.

KO

Danaher Quarterly Revenues Advanced 12%, Net Income Up 1%

Danaher Corp said first quarter 2022 revenues rose 12% driven by a 4% increase in Covid-19 related testing revenues. Net income was flat. Diagnostic segment revenues in the quarter rose 21.5% followed by 9.5% growth in the Life Sciences segment.

DHR