Author: Bruno T
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Mastercard 4Q Profit Rises as Consumers Continue to Spend
In the last quarter of 2023, Mastercard (NYSE:MA) reported increased earnings and revenue, driven by high consumer spending during the holiday season. The credit card giant announced a profit of $2.79 billion, or $2.97 per share, up from $2.53 billion, or $2.62 per share, in the corresponding quarter of the previous year. After adjustments for…
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Alphabet 4Q23: Profit Rises, But Shares Fall Due To Advertising Revenue Below Expectations
Alphabet (NASDAQ:GOOGL) shares experienced a drop of up to 6% in pre-market trading on Wednesday (31), after the company released fourth-quarter results. While it posted earnings per share of $1.64, beating LSEG (formerly Refinitiv) expectations, and revenue of $86.31 billion, slightly above estimates, advertising revenue of $65.52 billion was below expectations. YouTube, which has been…
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Microsoft beats expectations with strong AI-driven growth in Q3 results
At the end of trading on Tuesday (30), Microsoft (NASDAQ:MSFT) presented fiscal third-quarter results for December, surpassing Wall Street estimates and demonstrating significant progress in its artificial intelligence (AI) strategy. The company reported total revenue of $62 billion, beating estimates by about $1 billion. Earnings per share were $2.93, above analyst expectations of $2.76 per…
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AMD: EPS up 12% in Q4
AMD – Advanced Micro Devices (NASDAQ:AMD) on Tuesday evening reported fourth-quarter 2023 adjusted EPS (non-GAAP) up 12% to 77 cents and adjusted gross margin stable at 51%, on revenues up 10% to 6.17 billion. “We ended 2023 on a strong note, thanks to record quarterly sales of AMD Instinct GPUs and EPYC CPUs, as well…
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General Motors Records Annual Profit Growth And Is Optimistic For The Financial Future; Stocks Soar
General Motors (NYSE:GM) announced a 5.2% increase in its fourth-quarter net income, reaching $2.1 billion compared to the previous year. During the period from October to December, the North American car manufacturer recorded revenues of US$42.9 billion, a slight reduction of 0.3% compared to the same quarter in 2022. Mary Barra, CEO of GM, expressed…
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Pfizer records a loss of US$3.36 billion in the last quarter, but remains optimistic for 2024
In the last quarter, Pfizer (NYSE:PFE) reported a loss of $3.36 billion, contrasting with the previous year’s gain of $4.99 billion. During the October-December period, the pharmaceutical company brought in $14.2 billion in revenue, representing a 41% decrease compared to the same quarter in 2022. Albert Bourla, CEO of Pfizer, expressed delight with the solid…
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AT&T: EPS down 11% in Q4
AT&T (NYSE:T) reported a net income of $2.13 billion in the fourth quarter of 2023, reversing a loss of $23.5 billion a year ago. Revenues totaled $32 billion between October and December, a growth of 2.2% over the same period in 2022. In the last three months of 2023, AT&T reported an adjusted earnings per…
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Netflix’s Remarkable Q4 Growth: Subscriber Surge and Strategic Shifts”
Shares of Netflix (NASDAQ:NFLX) jumped 7% after the closing bell Tuesday, following the announcement of a significant increase in subscribers. The streaming giant added 13.1 million subscribers in the fourth quarter, bringing its total to 260.8 million paid subscribers. This growth exceeded expectations set in October, when Netflix reported adding 8.76 million paid memberships in…
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Investment Insights: Expert Analyst Opinions on Apple, Chewy, Estee Lauder, Lululemon, Wells Fargo…
Alliant Energy: Barclays downgrades to equalweight from overweight with a price target raised from $50 to $53. Apple: Barclays downgrades to underweight from equalweight with a price target reduced from $161 to $160. Avalonbay Communities: Wolfe Research downgrades to peerperform from outperform. Capital One Financial: Barclays maintains its equalweight recommendation and raises the target price…
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Global Oil Markets Fluctuate Amid Middle East Tensions and Prospects of Monetary Easing
Oil futures prices fell about 1% on Thursday, as tensions disrupting maritime transport in the Red Sea eased. However, the conflict in the Middle East is worsening. The Danish shipping company Maersk reported that it has scheduled several dozen container ships to travel through the Suez Canal and the Red Sea in the coming weeks…