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    • Breaking News
    Feb 28, 2023
    • Advance Auto Parts said revenue in the fourth quarter increased 3.2% to $2.5 billion and comparable store sales rose 2.1%. Net income in the quarter decreased to $106.7 million from $81.7 million and diluted earnings per share rose to $1.79 from $1.30 a year ago. 

      Full- year 2022 revenue increased 1.4% to $11.2 billion and comparable sales rose 0.3% from a year ago. Net income decreased to $501.8 million from $616.1 million and diluted earnings per share declined to $8.27 from $9.55 a year ago. 
      • AutoZone, Inc said revenue in the fiscal second quarter ending on February 11 increased 9.5% to $3.7 billion from $3.4 billion and net income rose to $476.5 million from $471.7 million and diluted earnings per share increased to $24.64 from $22.30 a year ago. 

        Domestic same store comparable sales rose 5.3% from the previous year. 

        The aftermarket automotive parts retailer repurchased 372,000 shares of its common stock for $906.0 million during the second quarter, at  an average price of $2,434 per share and $1.8 billion were still remaining under its current share repurchase  authorization at the end of the fiscal second quarter. 
        • Cracker Barrel Old Country Store, Inc said revenue in the fiscal second quarter ending on January 27 increased 8.3% to $933.9 million from a year ago. Comparable store restaurant sales increased 8.4% and retail store sales rose 4.1%. 

          Net income decreased 19% to $30.5 million from $37.6 million and diluted earnings per share fell to $1.37 from $1.60 in the previous year. The restaurant chain announced a quarterly dividend of $1.30 per share payable on May 9 to shareholders of record as of April 14.    
          • Itron Inc said revenue in the fourth quarter declined to $467.5 million from $485.6 million and measuring equipment maker for utilities swung to a net profit of $22.2 million from  a loss of $58.9 million in the previous year. Diluted earnings per share was 49 cents from a loss of $1.30 in the previous year. 

            Revenue in the full-year 2022 increased to $1.80 billion from $1.98 billion and net loss declined to $9.7 million from $81.7 million and diluted loss per share fell to 22 cents to from $1.83 a year ago. 
            • Feb 27, 2023
            • Zoom Video Communications said revenue in the fourth quarter increased 4% to $1.1 billion and the company swung to a net loss of $104.4 million from a profit of $490.5 million. The earnings per share was ($0.36) compared to $1.60 a year ago. 

              Revenue in the fiscal year ending in January increased 7.0% to $4.4 billion and net income dropped to $103.7 million from $1.4 billion and diluted earnings per share dropped to 34 cents from $4.50 a year ago. 
              • Occidental Petroleum said revenue in the fourth quarter increased to $8.2 billion from $4.2 billion and net income rose to $1.7 billion from $1.3 billion and diluted earnings per share rose to $1.74 from $1.37 a year ago. 

                In full-year 2022, revenue increased to $37 billion from $16.2 billion and net income surged to $12.5 billion from $1.5 billion and diluted earnings per share oared to $12.40 from $1.58 a year ago. 

                Average worldwide realized crude oil prices decreased by 12%  from the prior quarter to $83.64 per barrel and realized natural gas liquids  prices fell 25% from the prior quarter to $26.35 per barrel and average domestic  realized gas prices plunged 37% from the prior quarter to $4.45 per Mcf.
                • Feb 25, 2023
                • Berkshire Hathaway said operating earnings in the fourth quarter declined 8% to $6.7 billion from $7.3 billion and net income attributable to shareholders fell to $18.2 billion from $39.6 billion a year ago. Diluted earnings per Class A Share fell to $12,412 from $26,690 and Class B Share dropped to $8.27 from $17.79 in the previous year.   

                  In 2022, operating earnings rose to $30.8 billion from $27.4 billion a year ago and net earnings attributable to shareholders swung to ($22.8 billion) from $89.8 billion and diluted earnings per Class A Shares to ($15,539) from $59,460 in the previous year.  

                  Berkshire repurchased $2.6 billion of its own shares during the fourth quarter bringing the total for  the year to approximately $7.9 billion.
                  • Feb 24, 2023
                  • Sweetgreen, Inc said revenue in the fourth quarter increased 23% to $118.6 million and same store sales slowed to 4% from 36% in the previous year. Net loss shrank to $49.3 million from $66.2 million and diluted loss per share fell to 44 cents from $1.14 a year ago. 
                    • MercadoLibre Inc said revenue in the fourth quarter increased to $3.0 billion from $2.1 billion a year ago. The company swung to a profit of $165 million from a loss of $46 million and diluted earnings per share was $3.25 compared to a loss of 92 cents in the previous year.  
                      • The PCE price index and core index excluding food and energy accelerated to 0.6% in January compared to 0.2% and 0.4% increases in December. On an annual basis the PCE index and core index accelerated to 5.2% and 4.7% from 5.3% and 4.6% respectively.