HOME DEPOT RESULTS FOR 3Q
Economic results
Home Depot's revenue declined 2% year-over-year to $37.71 billion, which was in line with market expectations. Comparable sales overall declined 3.1% YoY on expectations of a 3.31% decline. Directly in the United States, comparable sales fell by 3.5%, slightly below the market estimate of -3.67%.
Gross margin was 33.8% against...
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TYSON FOODS RESULTS
Results
Tyson Foods generates sales from four segments, namely beef, pork, chicken and prepared meats.
Beef sales volume declined 6.7% year-over-year. A decline of 5.68% was expected.
The volume of pork sales fell by 0.2% year-on-year, while growth of 1.2% was expected.
Chicken sales volume was up 1.7% year-on-year.
The volume of sales of semi-finished products...
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Thanks for the summary. I have this company on my watchlist and have been following it for a while.
Emirates Group, the influential Dubai-based state-owned entity, is shattering records by posting an all-time high half-year profit of 10.1 billion dirhams ($2.75 billion) in the 2023-24 fiscal year, a rocketing 138% increase from the previous year's half-year profit of 4.2 billion dirhams.
The unprecedented profit success is largely attributed to strong international demand for...
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Shares in cloud monitoring software company Datadog saw a stunning 28% rise on Tuesday, marking its most successful day to date. The surge followed the release of the company's third-quarter results and full-year outlook, both of which beat expectations. The company's quarterly revenue was reported at $547.5 million, representing an impressive 25% year-over-year growth rate...
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WARNER BROS 3Q RESULTS
Economic result
Revenue increased 2% year-over-year to $9.979 billion. At constant exchange rates, revenue grew 1%.
Total operating expenses decreased year-on-year to USD 9.88 billion from USD 12.013 billion. The largest year-on-year decrease in operating expenses was recorded in the restructuring item, from USD 1.52 billion to USD 0.269 billion.
In 3Q 2022,...
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I don't know how to feel about this. The results are bad, but again, where there was a discount to the stock. But I don't buy and stick to DIS stock instead.
Berkshire Hathaway and a record amount of cash.
Berkshire Hathaway on Saturday reported a big jump in third-quarter operating profit and also a record amount of cash as Warren Buffett saw few opportunities to close deals.
Operating profit for the Omaha-based conglomerate, which includes profits from myriad wholly owned businesses such as insurance, railroads and utilities,...
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AIRBNB $ABNB
Shares of Airbnb fell about 3% in after-hours trading Wednesday, despite reporting better-than-expected revenue for the quarter. The decline came after the company reported a weaker-than-expected outlook for the upcoming fiscal period.
According to data from LSEG, formerly known as Refinitiv, Airbnb reported earnings of $6.63 per share in the recently ended quarter,...
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I really don't like the insider sales on $ABNB. I'm wondering what could be behind it since the results have been good. The high SBC is also not great.
Match Group reports 3Q results and posts weaker outlook for the upcoming quarter
Match Group, a technology company that operates several online dating sites, released its 3Q 2023 results. Adjusted operating profit was up 17% from the same period last year. In the outlook, the company accounts for negative effects related to exchange rate developments and geopolitical events in...
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Intel surprised with 4Q outlook
US technology company Intel presented its quarterly results for 3Q 2023. The company managed to beat expectations. The outlook also pleased investors.
Financial results
Revenues fell year-on-year from USD 15.34bn to USD 14.16bn. Cost of sales also saw a year-on-year decline, from USD 8.80 billion to USD 8.14 billion.
Gross margin was USD 6.018...
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Eurozone: ECB rates unchanged, deposit rate at 4.0%
ECB refinancing rate (26 October):
current value: 4.5%
market expectations: 4.5%
previous value: 4.5%
ECB lending rate (26 October):
current value: 4.75%
market expectation: 4.75%
previous value: 4.75%
ECB deposit rate (26 October):
current value: 4.0%
market expectation: 4.0%
previous value: 4.0%
Snap returns to revenue growth in 3Q after two periods of decline
US-based Snap, whose business is the social network Snapchat, has released its second-quarter earnings results.
Results
Snap's revenue grew 5.3% year-on-year.
North American revenue fell 3.1% year-on-year to $786.2 million. USD 788 MILLION. Analysts had expected $736.3 million in revenue. USD 778 MILLION.
Revenue from...
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3M raises its full-year outlook after last quarter
US multinational conglomerate 3M reported its third quarter results. Within these, it reported sales and earnings per share above analysts' expectations and raised its full-year outlook on both earnings per share and cash flow.
3Q results
On a revenue level, the company generated $8.31 billion in the third quarter, down 3.6% year...
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It looks really good. I still have confidence in the company and hold its stock. I like the EPS outperformance of over 14% and the stock's move up 5% signals that I probably won't be alone :)
Expected events: consumer confidence (Eurozone), Chicago Fed activity index (USA)
Eurozone:
16:00 Consumer Confidence (October - preliminary): market expectation: -18.4, previous reading: -17.8
US:
14:30 Chicago Fed Activity Index (September): market expectation: -0.01, previous value: -0.16
USA: September state budget deficit of USD 171bn vs. USD 166bn expected
State budget ...
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The US manufacturer of WD-40 oils and lubricants has released its fourth quarter results for 2023.
Results
The company's revenue grew 7.7% year-on-year with a gross margin of 51.4%.
Sales in the U.S. market for fiscal year 2023 increased 11% year-over-year to $266.8 million. USD 6.6 BILLION.
Sales in Europe, Africa and Middle East for fiscal year 2023 decreased 7% year-on-year to ...
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WELLS CARGO RESULTS FOR 3Q (USA)
US bank Wells Fargo beats analyst consensus on almost all levels with its 3Q 2023 results and has once again raised its outlook for the full fiscal year 2023.
3Q results
Among the segments, consumer banking earned Wells Fargo the most, at USD 9.58 billion. Corporate and investment banking earned $4.92 billion. Commercial banking and wealth...
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The results are not great, but it is a good company. At what price would you buy HD stock?