'iPad Christmas' Helps Apple Beat Street, Q2 Guidance a Grinch
Apple posted earnings of $14.50 per share on revenue of $57.6 billion in its fiscal first quarter, beating analyst estimates of $14.07 on sales of $57.46 billion. During the same period a year ago, Apple posted $54.5 billion in sales and $13.81 in earnings per share.
HP Beats Street As Turnaround Continues
Hewlett Packard posted Q1 earnings of 90 cents per share on revenue of $28.15 billion. Analysts were looking for 84 cents on sales of $27.19 billion. Last year, HP earned 82 cents on sales of $28.36 billion in its first quarter.
Macy's Posts Strong Q3; Shares Near 52 Week High
This morning, Macy's (M) reported third quarter earnings of $177 million, or 47 cents per, as revenue climbed by 3% to $6.28 billion. The company easily beat Wall Street estimates for both sales and earnings and issued full year guidance in the range of $3.80 to $3.90 per share.
Macy’s Profit Beats Expectations On Stronger Sales
Macy's reported a quarterly profit that handily beat Wall Street expectations on Wednesday, with the department store chain citing stepped up advertising for a stronger sales. Its shares surged more than 7 percent in premarket trading. Macy's earned $177 million, or 47 cents per share. That compares with $145 million, or 36 cents per share, a year ago. Revenue rose 3 percent to $6.28 billion. Analysts expected earnings per share of 39 cents on revenue of $6.19 billion.
LinkedIn Earnings Beat Street and Guidance Sinks Stock
LinkedIn posted fourth quarter earnings of 39 cents per share on revenue of $447 million. Analysts were looking for 38 cents on sales of $438 million. Last year LinkedIn earned 35 cents on sales of $304 million in its fourth quarter.
New Adds Help Netflix Beat Street
Netflix posted fourth quarter earnings of 79 cents per share on revenue of $1.18 billion after the bell, beating Wall Street consensus estimates on the top and bottom lines. The company's results were boosted by domestic net additions of 2.33 million, up 14% from last year. Netflix shares were surging in post-market trading, as were eBay's which also reported Q4 results. eBay beat the Street's earnings estimate by a penny, but missed slightly on the top.
Apple Inc (NASDAQ: AAPL) Earnings: Will Tech Giant Beat Estimates In First Quarter?
Keith Bliss, senior vice president and director of sales & marketing at Cuttone & Co., Inc., weighs in on the top technology and social media earnings this week from Apple Inc. (NASDAQ: AAPL), Facebook Inc. (NASDAQ: FB), Google Inc. (NASDAQ: GOOG) and Amazon.com, Inc. (NASDAQ: AMZN). Tech giant Apple Inc. (NASDAQ: AAPL) on Monday is expected to report fiscal first-quarter earnings of $14.05 on revenue of $57.46 billion, according to analysts polled by Reuters. Shares of Apple rose 1.38 per
Investors Like Facebook Results, Love Mobile Ad Growth
Facebook posted earnings of 31 cents per share on revenue of $2.59 billion in its fourth quarter, beating Wall Street's consensus estimate of 27 cents on sales of $2.33 billion. As for details, monthly active users came in at 1.23 billion, up 16%. Mobile monthly active users came in at 945 million, up 39%, while all-important mobile ad revenue was 53% of total revenue. The company's shares finished down 3% in the regular session but are surging in post-market trading.
Visa Shares Climb Following Earnings Beat
This morning, Visa (V) reported fiscal first quarter earnings of $1.41 billion, or $2.20 per share, as revenue climbed by 11% to $3.16 billion. The credit card company topped Wall Street estimates on both the top and bottom line, sending shares higher on Thursday morning.
Caterpillar Pops Following Earnings Beat
This morning, Caterpillar (CAT) reported fourth quarter earnings of $1 billion, or $1.54 per share, topping Wall Street estimates of $1.27 per share. Revenue slid by 10% to $14.4 billion, but shares were trading higher today, as the drop in revenue was smaller than Wall Street expected.
Wells Fargo & Co (WFC) Earnings: How Does Fed Taper Impact Housing Market In First Quarter?
Wells Fargo & Co. (NYSE: WFC) issued fiscal fourth-quarter net income of $5.37 billion, or $1 per share, compared with $4.86 billion, or 91 cents per share, a year earlier. Wall Street had expected the bank to post earnings of 98 cents per share, according analysts polled by Reuters. Shares of Wells Fargo rose 0.09 percent to $45.60 in afternoon trading. Jonathan Corpina, senior managing partner with Meridian Equity Partners Inc. , weighed in on JPMorgan and Wells Fargo earnings on Tuesday a
Apple Inc (AAPL) Q4 Earnings: Why the iPhone Maker's Stock Is Well Position
After the closing bell on Monday, Apple Inc. (NASDAQ:AAPL) reported fiscal-fourth quarter profit fell to $7.5 billion, or $8.26 per share, on revenue of $37.5 billion. During the same period a year-ago, the tech giant posted earnings of $8.2 billion, or $8.67 per share, on revenue of $35.97 billion. Analysts had expected the tech giant to post earnings of $7.96 a share on revenue of $36.93 billion, according to Reuters. “I think the guidance was better than anyone had expected, and I think the