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Exxon (XOM), Chevron (CVX) profits soar on strong demand
October 29, 2021 10:05 AM PDT| By Ipsita SarkarHighlights Exxon Mobil (NYSE: XOM) net earnings were US$6.8 billion in Q3 2021 against a net loss of US$680 million a year ago. Exxon produced 3.7 million barrels per day of oil equivalents in the quarter. Chevron Corp (NYSE: CVX) posted reven.....
Are these 7 digital payment stocks primed for online shopping boom?
October 28, 2021 05:41 PM PDT| By Sanjeeb BaruahFintech companies offer products and services like digital payment processing, digital banking, financial software, and customer questions. The sector saw robust growth during the pandemic as these companies eliminated the need for physically .....
Amazon.com, Inc.’s (AMZN) net income falls, sales jump 15% in Q3
October 28, 2021 03:53 PM PDT| By Sanjeeb BaruahHighlights Amazon’s net sales increased by 15% to US$110.8 billion in the quarter from US$96.1 billion a year ago. The Seattle, Washington-based company has spent billions of dollars to bolster its fulfillment network globally amid labor.....
Caterpillar (CAT), Illinois (ITW) report solid revenue growth in Q3
October 28, 2021 01:30 PM PDT| By Ipsita SarkarHighlights Caterpillar, Inc. (NYSE: CAT) revenue rose 25% YoY to US$12.4 billion in Q3. Illinois Tool Works Inc. (NYSE: ITW) net income up 10% YoY to US$639 million. Caterpillar profit per share grew 113% YoY, Illinois GAAP EPS was US$2.0.....
Yum! (YUM) beats profit estimates, Hershey (HSY) raises guidance
October 28, 2021 12:18 PM PDT| By Sanjeeb BaruahHighlights Yum! Brands’ (NYSE: YUM) system sales grew 8%, excluding foreign currency translation. CEO David Gibbs said the purchase of Dragontail and its AI-powered kitchen orders strengthened Yum! Brands’ digital capabilities and .....
Northrop (NOC) ekes out US$1.1 bn profit but misses revenue estimates
October 28, 2021 09:56 AM PDT| By Sanjeeb BaruahHighlights Northrop's third-quarter sales in its space unit jumped 22% to US$2.68 billion. The results prompted the defense contractor to raise its fiscal-year adjusted EPS. However, the Colorado-based company's total sales fell by 4% to US$8......
Merck (MRK), Sanofi (SNY) raise profit guidance after solid Q3 results
October 28, 2021 09:17 AM PDT| By Ipsita SarkarHighlights Merck & Company, Inc’s (MRK) sales rose 20% YoY in Q3, FY21. Merck expects its adjusted annual profit to be between US$5.65 per share and US$5.70 per share. Sanofi (SNY) sales surged 10.1% YoY in Q3, FY21. Stocks of M.....
Sony Corp (SONY) posts net income of US$1.94 bn in Q2
October 28, 2021 07:55 AM PDT| By Sanjeeb BaruahHighlights Sony Corp’s (NYSE: SONY) total revenue was US$21.52 billion in the quarter. The Tokyo-based company has increased its full-year operating revenue outlook by 6% to 1 trillion yen (US$8.81 billion) from its August forecast. CF.....
Travel stocks to watch as the US lifts restrictions
October 27, 2021 04:55 PM PDT| By Ipsita SarkarThe travel industry is upbeat after President Joe Biden lifted the previous covid restrictions on foreign travelers from nearly three dozen countries, including China and India, effective Nov 8. The travel companies were among the hardest hit in t.....
Hess Corp (HES) revenue jumps 54% as sales improve in Q3
October 27, 2021 04:07 PM PDT| By Ipsita SarkarHighlights Hess Corporation’s (NYSE: HES) third-quarter revenue increased by 54% YoY to US$1.81 billion. Its total oil and gas production was 265,000 barrels of oil equivalent per day, excluding Libya. The Hess stock gained 187% i.....
McDonald's (MCD) Q3 profits soar as global store sales grow
October 27, 2021 01:59 PM PDT| By Sanjeeb BaruahHighlights McDonald's consolidated revenue increased by 14% YoY to US$6.20 billion in the quarter. The net income jumped 22% YoY to US$2.15 billion from 1.76 billion in Q3, 2020. McDonald's US sales were up 9.6% YoY in the quarter, while glo.....
Bristol Myers (BMY), GlaxoSmithKline (GSK) post strong revenue growth
October 27, 2021 11:18 AM PDT| By Ipsita SarkarHighlights Bristol-Myers Squibb Company (NYSE: BMY) revenue surged 10% YoY to US$11.5 billion in Q3, FY21. BMY raised its low-end adjusted EPS guidance by US$0.05 for fiscal 2021. GlaxoSmithKline PLC (NYSE: GSK) sales surged 10% YoY in Q3, FY2.....
Coca Cola (KO), Kraft Heinz (KHC) raise outlook after Q3 results
October 27, 2021 10:40 AM PDT| By Ipsita SarkarHighlights Coca-Cola Company (NYSE: KO) net revenues for the third quarter ended Oct 1, 2021, grew 16% to US$10.0 billion. The Kraft Heinz Company (NASDAQ: KHC) reported a 1.3% growth in organic net sales YoY. Its net income grew 23.2% YoY to U.....
Thermo Fisher (TMO), Boston Scientific (BSX) lift guidance after Q3 results
October 27, 2021 09:23 AM PDT| By Ipsita SarkarHighlights Thermo Fisher Scientific Inc’s (NYSE: TMO) revenue increased by 9% YoY in Q3, FY21. TMO raised its revenue guidance for fiscal 2021 to US$37.1 billion. Boston Scientific Corp (NYSE: BSX) expects EPS in the range of US$0.21 to .....
Boeing (BA) posts modest profit on 737 MAX deliveries, services growth
October 27, 2021 09:14 AM PDT| By Sanjeeb BaruahHighlights Boeing’s revenue rose by about 8% YoY to US$15.27 billion, helped by deliveries of 737 MAX jets and services growth. Boeing bagged 93 net orders during the period, the company said. Boeing President and CEO David Calhoun said .....
GM sees sharp fall in Q3 revenue, upbeat on full-year results
October 27, 2021 07:54 AM PDT| By Sanjeeb BaruahHighlights GM’s revenue dropped to US$26.8 billion in the quarter from US$35.5 billion a year ago. At the same time, profit declined to US$2.4 billion from US$4.0 billion in the comparable quarter a year earlier. In a letter to sharehol.....
AMD’s Q3 profits soar, Twitter (TWTR) hits 211 mn daily active users
October 26, 2021 05:26 PM PDT| By Sanjeeb BaruahHighlights Advanced Micro Devices, Inc’s (NASDAQ: AMD) revenue jumped 54% YoY in Q3, FY21. AMD raises revenue guidance for fiscal 2021 to 65% YoY from 60% projected earlier. Twitter, Inc’s (NYSE: TWTR) revenue surged 37% YoY in Q3,.....
Alphabet Inc (GOOGL), Microsoft Corp see profits soar in Q3
October 26, 2021 04:17 PM PDT| By Ipsita SarkarHighlights Alphabet Inc. (NASDAQ: GOOGL) posted revenue of US$65 billion, a 41% increase YoY in Q3, FY2021. Microsoft Corporation (NASDAQ: MSFT) revenue was US$45.3 billion, a 22% increase YoY, and its GAAP net income rose 48% YoY in .....
NextEra to Bloom Energy: 5 renewable stocks gear up for green race
October 26, 2021 01:25 PM PDT| By Ipsita SarkarThe clean energy sector is one of the most discussed topics around the world today. It is one of the top priority areas for governments in the fight against global warming. The global push for green energy has accelerated the development of the sec.....
Lockheed (LMT) lowers guidance; Sherwin-Williams (SHW) flags supply woes
October 26, 2021 12:21 PM PDT| By Ipsita SarkarDefence firm Lockheed Martin Corporation (NYSE: LMT) and paint and coating manufacturer Sherwin-Williams Company (SHW) reported their third-quarter results on Tuesday. The LMT stock fell over 10%, while the SHW stock rose about 2% in int.....
