Breaking News
Apr 26, 2023
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Ameriprise Financial, Inc declined 5.6% to $295.27 after the company released its latest quarterly results.
Revenue in the first quarter increased 3% to $3.7 billion from $3.6 billion and net income dropped 49% to $417 million from $825 million and diluted earnings per share to $3.79 from $7.10 a year ago.
Total assets under management declined 9% to $1.0 trillion from $1.1 trillion a year ago. -
Cadence Design Systems Inc declined 5.1% to $202.09 after the semiconductor design software developer reported its quarterly results.
Revenue in the first quarter increased to $1.02 billion from $901 million and net income rose to $241.8 million from $235.3 million and diluted earnings per share increased to 89 cents from 85 cents a year ago.
For the second quarter, the company estimated total revenue in the range of $960 million to $980 million and operating margin in the range of 29% to 30% and diluted earnings per share in the range of $0.73 to $0.77. -
PepsiCo Inc rose 2.4% to $189.99 after the food and beverage maker reported better-than-expected quarterly results.
The company said first quarter revenue increased 10.2% to $17.8 billion and net income of $1.3 billion.
The company lifted its full-year 2023 growth estimate of organic revenue to 8% from the previous estimate of 6% and core constant currency earnings per share to 9% from 8%. -
United Parcel Service, Inc dropped 8.9% to $178.40 after the company reported weaker-than-expected quarterly results.
Ameriprise Financial, Inc decreased 5.8% to $294.47 despite the financial services provider reported better-than-expected earnings.
Consolidated revenue in the first quarter declined 6% to $22.9 billion and net income declined 28.8% of $1.9 billion from $2.6 billion and diluted earnings per share fell to $2.19 from $3.03 a year ago.
The parcel delivery company said the full-year 2023 revenue is likely to be near the low end of its previously released revenue and earnings range.
The company estimated full-year consolidated revenue of $97 billion and adjusted operating margin of 12.8% and capital expenditure of $5.3 billion.
The company estimated a dividend of $5.4 billion and set the share repurchase target of $3.0 billion. -
Alphabet Inc said revenue in the first quarter ending in March rose 3% to $69.8 billion, sharply slower than the 23% increase in the quarter a year ago.
Net income in the quarter fell to $15.1 billion from $16.4 billion and diluted earnings per share eased $1.17 from $1.23 a year ago.
Google advertising, which includes Google search, network ad YouTube ads, edged slightly lower to $54.5 billion from $54.7 billion and cloud ads increased to $7.4 billion from $5.8 billion a year ago. -
Microsoft Corp said revenue in the March quarter increased 7% to $52.9 billion, driven by the jump in cloud segment revenue.
Cloud segment revenue increased $22.1 billion, productivity and business processes increased 11% to $17.5 billion and personal computing segment decreased 9% to $13.3 billion. Microsoft search and news advertising revenue excluding traffic acquisition costs increased 10% but Windows OEM revenue plunged 28%.
Net income increased to $18.3 billion from $16.7 billion and diluted earnings per share advanced to $2.45 from $2.22 a year ago.
Microsoft returned $9.7 billion to shareholders in the form of share repurchases and dividends in the third quarter of fiscal year 2023. -
Corning Inc was unchanged at $32.89 after the optical fiber maker reported first quarter sales decreased 7% to $3.14 billion.
The company swung to a net income of $176 million from a loss of $36 million and diluted earnings per share was 20 cents compared to a loss of 4 cents a year ago.
The company forecasted second-quarter sales, earnings per share, and cash flow to increase sequentially, with core sales in the range of $3.4 billion to $3.6 billion and core earnings per share in the range of $0.42 to $0.49. -
CoStar Group Inc rose 0.4% to $68.75 after the real estate information services provider reported higher revenue and bookings in the first quarter.
Revenue in the first quarter increased 13% to $584 million and net income declined to $87 million from $89 million and diluted earnings per share fell to 21 cents from 23 cents a year ago.
The company forecasted revenue in the range of $2.465 billion to $2.48 billion for the full year of 2023, an increase between 13% and 14% and revenue for the second quarter in the range of $603 million to $608 million, an increase of 13% from a year ago at the midpoint of the range.
The new outlook range for non-GAAP net income per diluted share is $1.21 to $1.24 based on 407 million shares, an increase of $0.15 per diluted share compared to the prior outlook.
For the second quarter of 2023, the company expects non-GAAP net income per diluted share in a range of $0.29 to $0.30 based on 407 million shares. -
McDonald's Corp decreased 0.5% to $290.24 after the fast food chain reported a surge in sales and earnings.
Sales in the first quarter rose 4% to $5.9 billion and net income soared 63% to $1.8 billion from $1.1 billion and diluted earnings per share increased to $2.45, including 18 cents of restructuring charges, from $1.48 a year ago.
Global comparable store sales increased 12.6% and systemwide sales increased 9% from a year ago. -
Chipotle Mexican Grill, Inc rose 7.6% to $1,915.0 after the fast food chain operator reported higher earnings driven by new stores and price increases.
Total revenue in the first quarter increased 17.2% to $2.4 billion and comparable restaurant sales advanced 10.9%.
Net income increased to $291.6 million from $158.3 million and diluted earnings per share rose to $10.50 from $5.59 a year ago.
The restaurant operator forecasted second quarter and full-year comparable store sales to increase in mid to high-single digit range and estimated between 255 and 285 new restaurants openings, including 10 to 15 relocations.
