– Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) reported third-quarter 2019 earnings of NT$3.90 per share (US$0.62 per ADR, vs. US$0.60 per ADR expected). – Net income was NT$101.07 billion, up 13.5% from last year – Revenues grew 10.7% annually to US$9.40 billion, vs. US$9.18 billion expected – TSMC expects fourth-quarter revenues to be between US$10.2…
— Crown Castle International Corp. (NYSE: CCI) reported third-quarter 2019 earnings of $0.58 per share, vs. $0.49 per share expected. — Revenues grew 10% to $1.51 billion, vs. $1.48 billion expected. Site rental revenues came in at $1.26 billion, up 6% year-over-year. — AFFO per share for the quarter jumped 12% to $1.55. — For…
Chinese smartphone company Huawei Technologies reported revenues of CNY610.8 billion for the first three quarters of 2019, representing a year-over-year increase of 24.4%. This is higher than the 23.2% increase the company saw in the first six months of the year. Net profit margin for the year-to-date period was 8.7%. Huawei’s smartphone business saw healthy…
— Ally Financial (NYSE: ALLY) reported 3Q19 earnings of $1.01 per share, vs. $0.97 expected, driven by higher net financing revenue. — Total net revenue grew 6% to $1.60 billion, vs. $1.57 billion expected. — Consumer auto originations of $9.3 billion, up 14% YoY — Total retail deposit customers grew 20% YoY — ALLY shares…
Abbott Laboratories’ (NYSE: ABT) third quarter 2019 earnings came in line with the market’s projections, while sales missed the expectations. The pharma company reported adjusted EPS of $0.84 on sales of $8.08 billion. Wall Street had forecasted Abbott to post earnings of $0.84 on sales of $8.11 billion. Abbott stock dipped 2% in the pre-market…
ASML Holding N.V. (NASDAQ: ASML) reported third-quarter 2019 earnings of EUR1.49 per share, down from EUR1.60 per share in the previous year quarter. — Net sales increased 8% to EUR2.99 billion in Q3. — Net bookings soared 132% from the year-ago quarter to EUR5.11 billion. — ASML Holding expects Q4 net sales of around EUR3.9…
US Bancorp (NYSE: USB) on Wednesday reported third-quarter results that exceeded analysts’ expectations, driven by robust mortgage revenue, as well as strong loan and deposit growth. Total net revenue increased 4% to $5.92 billion, which was ahead of the Wall Street target of $5.82 billion. Average total loans grew 4% year-over-year, while average total deposits…
PNC Financial Services Group (NYSE: PNC) reported a 4% increase in third-quarter earnings, aided by higher interest income. The results also exceeded analysts’ expectations. The bank’s stock gained modestly early Wednesday, immediately after the announcement. PNC Financial Q3 2019 Earnings Infographic Third-quarter earnings rose to $2.94 per share from $2.82 per share last year. Driving…
Bank of America (NYSE: BAC) beat earnings expectations for the third quarter of 2019 while revenues came in line with estimates. The consensus forecast was for earnings of $0.51 per share on revenue of $22.8 billion. Shares climbed 2% in premarket hours on Wednesday. Total revenue, net of interest expense, increased slightly to $22.8 billion…
The Bank of New York Mellon Corporation (NYSE: BK) reported a 7% decline in earnings for the third quarter of 2019 as interest rate headwinds and deposit mix continued to challenge net interest revenue and asset management continues to be negatively impacted by prior-year outflows. The bottom line exceeded analysts’ expectations while the top line…