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General Electric Co (GE) revises guidance upward after Q3 profits
October 26, 2021 11:37 AM PDT| By Sanjeeb BaruahHighlights The General Electric Co’s (NYSE: GE) revenue from the jet engine and service division rose by 9.7% YoY to US$5.4 billion in the latest quarter. In addition, GE’s industrial free cash flow of US$1.7 billion was higher tha.....
Raytheon (RTX) raises sales guidance, 3M (MMM) narrows EPS outlook
October 26, 2021 09:47 AM PDT| By Ipsita SarkarHighlights Raytheon Technologies Corporation’s (NYSE: RTX) net sales surged 10% YoY in Q3, FY21. Raytheon projected its annual net sales to be US$64.5 billion in fiscal 2021. The 3M Company’s (NYSE: MMM) net sales rose by 7.1% YoY .....
Eli Lilly (LLY), Novartis (NVS) profits up on robust sales growth
October 26, 2021 09:07 AM PDT| By Ipsita SarkarHighlights Eli Lilly and Company (NYSE: LLY) posted Q3 revenue of US$6.773 billion, up 18% YoY. Novartis AG’s (NYSE: NVS) net income rose 43% YoY to US$2.8 billion on net sales of US$13.0 billion. LLY raises revenue forecast for 2021; NV.....
UPS lifts guidance as demand, higher shipping costs boost Q3 results
October 26, 2021 07:50 AM PDT| By Sanjeeb BaruahHighlights United Parcel Service Inc’s (NYSE: UPS) third-quarter 2021 consolidated revenue jumped 9.2% YoY to US$23.2 billion. UPS CEO Carol Tomé said the results reflect the company’s sustained efforts to ensure productivit.....
Facebook (FB) misses Q3 revenue estimates, profit up 17%
October 25, 2021 07:08 PM PDT| By Sanjeeb BaruahFacebook Inc (NASDAQ: FB) on Monday reported third-quarter profit of US$9.19 billion as its ad revenue saw modest growth despite a flurry of negative publicity over privacy and other issues. Facebook said it will create new reporting segments focu.....
Top artificial intelligence stocks to explore amid AI boom
October 25, 2021 02:03 PM PDT| By Ipsita SarkarHighlights Alphabet's revenue surged 62% YoY to US$61.88 billion in Q2, FY21. The revenue of Twilio Inc. (NYSE: TWLO) rose 67% YoY n Q2, FY21. The revenue of Twilio Inc. (NYSE: TWLO) rose 67% YoY n Q2, FY21. A growing number of in.....
Roper (ROP) & Seagate (STX) stocks rally after Q3 reports
October 22, 2021 11:58 AM PDT| By Team Kalkine MediaHighlights Roper Technologies, Inc. (NYSE: ROP) saw its revenue increase 22% to US$1.46 billion in the third quarter of 2021, and gross profit grew 23% YoY. Seagate Technology Holdings (NASDAQ: STX) had a net income of US$526 million, a 13.....
Top 7 REITs with over 50% YTD returns to explore
October 22, 2021 10:10 AM PDT| By Team Kalkine MediaHighlights Simon Property Group, Inc. (NYSE: SPG) had a dividend yield of 4.14%. The company owns and has an interest in 202 properties in the United States. Its stock increased 70.27% YTD. EPR Properties (NYSE: EPR) leases experiential propert.....
5 industrial stocks with over 40% YTD returns to explore
October 22, 2021 09:14 AM PDT| By Team Kalkine MediaHighlights The net earnings of General Dynamics Corporation (NYSE: GD) increased by more than 17% YoY in the second quarter of fiscal 2021. The net sales of Carrier Global Corporation (NYSE: CARR) was up 37% YoY in Q2, FY21 The net income of O.....
Boston Beer (SAM) & Chipotle Mexican Grill (CMG) see Q3 revenue gains
October 22, 2021 08:27 AM PDT| By Team Kalkine MediaHighlights Boston Beer Company, Inc. (SAM) posted net revenue of US$561.6 million for the third quarter of 2021, a 14% increase YoY. The revenue of Chipotle Mexican Grill, Inc. (CMG) was US$2 billion for Q3, 2021 and its total restaurant count .....
Intel (INTC) & Snap Inc stocks fall amid Q3 results, supply chain woes
October 22, 2021 06:52 AM PDT| By Team Kalkine MediaHighlights The revenue of Intel Corporation (NASDAQ: INTC) rose 5% YoY in Q3, FY21 Intel expects its revenue to be US$18.3 billion in Q4, FY21 The revenue of Snap Inc (NYSE: SNAP) jumped 57% YoY in Q3, FY21 The stocks of Intel Corpo.....
Five hot small-cap stocks that gave over 390% return YTD
October 21, 2021 04:56 PM PDT| By Ipsita SarkarSmall-cap stocks are publicly traded companies with a market cap of between US$300 million and US$ 2 billion. The share prices of these companies can be volatile at times. Hence, some small-cap stocks sometimes climb higher than their peers. Howev.....
Dow Inc. (DOW) total revenue jumps 53% in third quarter
October 21, 2021 04:38 PM PDT| By Sanjeeb BaruahHighlights Dow Inc’s (NYSE: DOW) net sales were up 53% YoY to US$14.8 billion, and the GAAP EPS was US$2.23 in the quarter. The GAAP net income was US$1.7 billion, while the operating EBIT1 was US$2.9 billion, up over US$2.1 billion from .....
American Airlines Group (AAL) posts third-quarter profit of US$169 million
October 21, 2021 03:18 PM PDT| By Sanjeeb BaruahHighlights American Airlines’ net profit was US$169 million, or US$0.25 per diluted share, in the third quarter. The Texas-based airline plans to operate over 6,000 daily flights during peak days in the fourth quarter. Its average daily .....
IBM stock dives 9% after lackluster third-quarter results
October 21, 2021 01:44 PM PDT| By Sanjeeb BaruahHighlights IBM’s (NYSE: IBM) revenue rose by 0.3% YoY to US$17.6 billion in the quarter. The net cash from operating activities was US$2.7 billion. Its revenue from cloud & cognitive software was US$5.7 billion, up 2.5% YoY, and cloud.....
Crocs Inc. (CROX) stock jumps on strong Q3 results, revenue guidance
October 21, 2021 12:20 PM PDT| By Sanjeeb BaruahHighlights Crocs’ revenue jumped 73.0% YoY to US$625.9 million, helped by strong sales growth, mainly in the Americas, followed by Asia Pacific, Europe, Middle East, and Africa. The company’s online sales accounted for 36.8% of the .....
Southwest Airlines’ (LUV) Q3 revenue up YoY but down from 2019 levels
October 21, 2021 10:38 AM PDT| By Sanjeeb BaruahHighlights Southwest Airlines Co’s (NYSE: LUV) operating revenues rose by 161.0% YoY to YS$4.7 billion but fell 17.0% compared with Q3 of 2019 due to the pandemic. The company’s operating revenue per available seat mile (RASM) was .....
Tesla (TSLA) beats Q3 revenue estimates, boosted strong China sales
October 20, 2021 08:29 PM PDT| By Ipsita SarkarHighlights Tesla Inc’s (TSLA) revenue rose to US$13.76 billion in the third quarter, beating estimates. Tesla said it sold more Model 3 and Model Y cars, which are lower-priced, during the quarter. In addition, Tesla’s Shanghai fac.....
Taiwan’s Foxconn eyes EV manufacturing in India, Europe
October 20, 2021 07:22 PM PDT| By Sanjeeb BaruahHighlights The company will “indirectly” collaborate with German firms in the EV venture. India would be the second destination after Europe, followed by Latin America, most likely Mexico. In August, it had purchased a semiconductor.....
NextEra Energy (NEE) posts solid Q3 results, EPS up 12%
October 20, 2021 06:16 PM PDT| By Sanjeeb BaruahHighlights NextEra Energy, Inc’s (NYSE: NEE) adjusted EPS rose by 12% YoY to US$0.75. The company holds the No. 1 rank on Fortune's list of "World's Most Admired Companies" in the electricity and gas utility sector for 2021. The NextEra .....
