Visa (V) beats profit estimate; Robinhood (HOOD) monthly users jump 76%
Highlights Visa Inc’s (NYSE: V) net income increased to US$1.65 per share in the fourth quarter of FY2021, above analysts' estimate of US$1.54 a share, according to Refinitiv data. Visa’s total payment volumes rose 17% from the year...
- October 26, 2021 06:14 PM PDT
- Sanjeeb Baruah
AMD’s Q3 profits soar, Twitter (TWTR) hits 211 mn daily active users
Highlights 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,...
- October 26, 2021 05:26 PM PDT
- Sanjeeb Baruah
Alphabet Inc (GOOGL), Microsoft Corp see profits soar in Q3
Highlights 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 ...
- October 26, 2021 04:17 PM PDT
- Ipsita Sarkar
NextEra to Bloom Energy: 5 renewable stocks gear up for green race
The 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...
- October 26, 2021 01:25 PM PDT
- Ipsita Sarkar
Lockheed (LMT) lowers guidance; Sherwin-Williams (SHW) flags supply woes
Defence 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...
- October 26, 2021 12:21 PM PDT
- Ipsita Sarkar
General Electric Co (GE) revises guidance upward after Q3 profits
Highlights 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...
- October 26, 2021 11:37 AM PDT
- Sanjeeb Baruah
Raytheon (RTX) raises sales guidance, 3M (MMM) narrows EPS outlook
Highlights 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 ...
- October 26, 2021 09:47 AM PDT
- Ipsita Sarkar
Eli Lilly (LLY), Novartis (NVS) profits up on robust sales growth
Highlights 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...
- October 26, 2021 09:07 AM PDT
- Ipsita Sarkar
UPS lifts guidance as demand, higher shipping costs boost Q3 results
Highlights 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...
- October 26, 2021 07:50 AM PDT
- Sanjeeb Baruah