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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.....
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.....
