Breaking News
PVH   MongoDB   Five Below   Lululemon   Lands’ End   Ciena   DocuSign   Broadcom   Dollar Tree  
  • ALL
    • Breaking News
    Oct 18, 2023
    • Procter & Gamble Co increased 1.2% to $148.0 after the consumer goods maker reported the fiscal first quarter 2024 earnings that surpassed estimates set by some analysts. 

      Revenue in the latest quarter increased 6% to $21.9 billion from $20.6 billion and and net income rose 15% to $4.5 billion from $3.9 billion and diluted earnings per share advanced to $1.83 from $1.57 a year ago. 

      Sales in the quarter were driven by 1% decline in volume and 7% increase in prices.  

      P&G guided sales in the fiscal 2024 to increase between 2% and 4% and diluted earnings per share to rise between 6% and 9% and fall between $6.25 and $6.43. 
      • United Airlines Holdings Inc dropped 5.1% to $37.65 after the international airline forecasted weak performance in the current quarter largely because of expensive fuel. 

        Revenue in  the Atlantic region was up 15% from a year ago, and 70% compared to the quarter in 2019. Pacific  revenue exceeded third-quarter 2019 levels despite capacity remaining 24% below third-quarter 2019, said the company in an update to investors. 

        The company also added profits in the Atlantic and Pacific regions were at record highs and domestic profits were the second-highest  

        Revenue in the third quarter rose 12.5% to $14.5 billion from $12.9 billion and net income advanced 20% to $1.1 billion from $942 million and diluted earnings per share rose to $3.42 from $2.86 a year ago. 
        • Oct 17, 2023
        • Bank of America Corp increased 1.3% to $27.33 after the financial services company reported quarterly results. 

          Revenue in the third quarter increased 3% to $25.2 billion from $24.5 billion and net interest income jumped 4% to $14.4 billion driven by higher interest rates and loan growth. 

          Net income in the quarter increased to $7.8 billion from $7.4 billion and diluted earnings per share edged up to 90 cents from 88 cents a year ago.  

          The provision for loan losses edged up by $336 million to $1.2 billion, reflecting weakening commercial real estate market conditions and stretched consumers.  
          • Goldman Sachs was unchanged at $314.50 after the financial services provider reported mixed quarterly results. 

            Third quarter revenue edged slightly lower to $11.8 billion from $11.97 billion and net income dropped to $2.1 billion from $3.1 billion and diluted earnings per share fell to $5.47 from $8.25 a year ago.. 

            The 6% decline in revenue in asset management was overshadowed by an 8% increase in global investment banking fees. 
            • Johnson & Johnson added 0.1% to $157.57 after the company reported slightly better-than-expected quarterly results. 

              Revenue in the third quarter increased 6.8% to $21.3 billion from $19.99 billion and net earnings was flat at $4.3 billion and diluted earnings per share edged up 4% to $1.69 from $1.62 a year ago. 

              Sales in the U.S. increased 11.1% to $12 billion from $10.8 billion and international sales rose 1.6% to $9.3 billion from $9.2 billion a year ago. 

              The company revised higher its estimate of non-GAAP annual sales growth estimate to between 8.5% and 9.0% from the previous estimate between 8.0% and 8.5%.   
              • Wyndham Hotels & Resorts Inc soared 10.4% to $76.28 after Choice Hotels International made a public offer to acquire the budget hotel chain operator. 

                Choice offered $90 a share, $49.50 in cash and 0.324 of its own stock, about 30% premium to its closing price in the previous regular trading session. 

                Choice decided to take its $7.8 billion offer directly to shareholders after merger talks between the two companies broke down after six months of discussion.  

                Before the merger talks broke down, Choice had increased its initial offer of $80 a share to $85 a share, but two parties failed to agree on a deal after discussions stalled since May. 
                • Lockheed Martin Corp jumped 1% to $444.71 after the defense contractor reiterated its full-year  guidance and released its latest quarterly results. 

                  Revenue in the third quarter ending on September 24 rose 2% to $16.9 billion and net income declined to $1.7 billion from $1.8 billion and diluted earnings per share edged up to $6.73 from $6.71 a year ago. 

                  Lockheed reiterated its full-year revenue range between $66.25 billion and $66.75 billion and diluted earnings per share between $27.0 and $27.20 and free cash flow of $6.2 billion. 
                  • Oct 16, 2023
                  • Pfizer Inc gained 4.5% to $33.69 after the pharmaceutical company lowered its annual revenue guidance. 

                    Pfizer revised lower its 2023 revenue in the range between $58 billion and $61 billion, from the previous estimate between $67 billion and $70 billion on the weakening demand for its Covid products. 

                    The company also lowered its full-year adjusted earnings per share outlook to a new range of $1.45 to $1.65 from the previous estimate between $3.25 and $3.45. 
                    • Lululemon Athletica soared 10.7% to $418.25 ahead of the company's addition to the S&P 500 index later in the week. 
                      • Charles Schwab Corporation increased 4.2% to $53.49 after the online brokerage firm reported mixed quarterly results.

                        Net revenue in the third quarter ending in September declined 16% to $4.6 billion from $5.5 billion and net income plunged 44% to $1.1 billion from $2.0 billion and diluted earnings per share dropped to 56 cents from 99 cents a year ago. 

                        Net interest revenue declined 24% to $2.2 billion but advised solution and asset management fees jumped 17% to a quarterly record of $1.2 billion.