— BlackRock Inc. (NYSE: BLK) reported Q4 2019 earnings of $8.34 per share, vs. $7.69 expected. — Revenues grew 16% to $3.9 billion, vs. $3.8 billion expected. — Quarterly total net inflows were $129 billion. — The company returned $3.8 billion to shareholders in 2019. — BLK shares gained 0.13% immediately following the announcement. Get…
Boston Scientific Corporation (NYSE: BSX) stock dropped over 6% on Tuesday after its preliminary fourth-quarter report. The shares have fallen over 5% in the past month and over 7% in the past five days despite rising over 20% in the past year. Investors remained concerned about the weakness that could lower the growth. For the…
Nike, Inc. (NYSE: NKE) has long been an investors’ favorite, due to the decent returns and dividend it offers, despite the relatively high stock price. Though the sneaker maker enjoys solid customer loyalty, there is concern that competition and margin pressures might weigh on its performance. The general outlook on the company is bullish and…
Western Digital Corporation (NASDAQ: WDC) stock jumped to a yearly high of $70.50 on Tuesday as signs of recovery are expected to drive the company’s future to stable growth. The shares have risen over 73% in the past year and over 19% in the past three months while it has fallen over 34% in the…
— Wipro Limited (NYSE: WIT) reported its third-quarter 2020 earnings of $0.06 per share, in line with the Wall Street projection. — Gross revenue rose by 2.7% to $2.2 billion. This came in line with the consensus estimates. — IT Services segment revenue grew by 2.2% sequentially to $2.09 billion. Non-GAAP constant currency IT Services…
Banking giant Wells Fargo (NYSE: WFC) reported a 5% fall in its fourth-quarter revenues, which resulted in a decline in earnings. The results also missed the Street view and the company’s stock dropped sharply early Tuesday, soon after the announcement. Related: Wells Fargo Q3 2019 Earnings Conference Call Transcript Net revenues dropped to $19.9 billion…
Citigroup (NYSE: C) topped analysts’ expectations on revenue and earnings for the fourth quarter of 2019. Shares were up 0.62% in premarket hours on Tuesday. Total revenues rose 7% year-over-year to $18.4 billion, beating estimates of $17.9 billion. Revenue growth was driven by strong results across the Institutional Clients Group and Global Consumer Banking businesses.…
Delta Air Lines (NYSE: DAL) reported an 8% increase in earnings for the fourth quarter of 2019 helped by stronger revenue, lower fuel and gain related to the unwinding of the GOL relationship. The results exceeded analysts’ expectations. Net income increased by 8% to $1.1 billion or $1.71 per share. Adjusted earnings climbed by 31%…
Aphria Inc. (NYSE: APHA) reported a net loss for the second quarter of 2020, compared to profit last year. The company’s stock dropped during Tuesday’s pre-market session immediately after the announcement. The Leamington, Canada-based cannabis company reported a net loss of CAD 7.9 million or CAD 0.03 per share for the quarter, compared to a…
JPMorgan Chase & Co. (NYSE: JPM) beat revenue and earnings estimates for the fourth quarter of 2019, allowing the stock to gain 1.9% in premarket hours on Tuesday. The consensus estimate was for earnings of $2.33 per share on revenue of $27.8 billion. On a reported basis, revenue rose 8% to $28.3 billion from the…