Nordstrom, Inc. shares traded higher by 11 percent on Wednesday after the company reported strong first-quarter sales numbers and raised its full-year guidance. On Tuesday, Nordstrom reported a first-quarter adjusted EPS loss of 6 cents, slightly missing consensus analyst estimates of a 5-cent loss. First-quarter revenue of $3.57 billion exceeded Wall Street expectations of $3.28…
Q1 13F Roundup: How Buffett, Einhorn, Ackman and Others Adjusted Their Portfolios
The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From 13F Season: Investors who follow particular fund managers can easily look up what each was buying and selling in the quarter, but…
Safe-T Reiterates Record Q1 and April, Expects Minimum 50 Percent Annual Growth Through 2025
Safe-T Group Ltd., in its letter to shareholders, reiterated another record first quarter 2022 revenues of $4 million, representing growth of ~200 percent, primarily driven by its shift into the consumer business and its customer acquisition programs, which have attracted new subscribers. What Happened? Safe-T’s confidence is based on its proven ability to produce triple-digit growth…
Verizon Shares Drop After Q1 Earnings, Weaker Than Expected Outlook
Verizon Communications Inc. reported a first-quarter FY22 sales growth of 2.1 percent year-on-year, to $33.6 billion, beating the consensus of $33.5 billion. Adjusted EPS of $1.35 was in-line with the consensus. Total wireless service revenue was $18.3 billion, up 9.5 percent Y/Y, reflecting the first full quarter of TracFone ownership. Service and other revenue were down 2.5…
Here’s Why Analysts Expressed Caution Ahead of Netflix’s Q1
April 8, 2022
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Analysts expressed caution ahead of Netflix Inc. Q1 earnings, highlighting EMEA’s churn risk, the company’s second-largest region, due to potential consumer spending pressure tied to higher energy costs and broader inflationary pressures and loss of subscribers in Russia. Baird analyst William Power noted that each 10 bps increase in churn could negatively impact EMEA net additions by…
TD Synnex’s Q1 Earnings Exceed Expectations
TD Synnex Corp. reported first-quarter FY22 revenue growth of 213.2 percent year-over-year to $15.47 billion, beating the consensus of $15.31 billion. Revenue fell 0.9 percent Q/Q. Adjusted EPS of $3.03 beat the consensus of $2.73. The adjusted operating margin contracted by 37 bps to 2.79 percent. The trailing fiscal four quarters ROIC was 9.7 percent compared to…
‘Bringing Back the Magic’: 4 Disney Analysts React to the Mouse’s Q1 Beat
Walt Disney Co. shares were rallying Thursday after the company reported a big first-quarter earnings beat. Disney reported fiscal first-quarter adjusted EPS of $1.06 on $21.82 billion in revenue. Both numbers exceeded consensus analyst estimates of 63 cents and $20.91 billion, respectively. Revenue was up 34 percent from a year ago. Disney reported 129.8 million…
Read How Analysts Reacted to Micron Post Q1 Earnings
Analysts hailed Micron Technology Inc.’s Q1 results and Q2 outlook by lifting their price targets on the stock. Micron reported Q1 revenue of $7.69 billion, up 33.2 percent year-on-year, above the consensus of $7.67 billion. Adjusted EPS of $2.16 beat the consensus of $2.11. Micron sees Q2 revenue of $7.3 billion–$7.7 billion above the consensus of $7.28 billion. It considers…
Jabil Tops Q1 Consensus Backed by End-Market; Issues Robust Q2 Outlook
Manufacturing services and solutions provider Jabil Inc. FY22 revenue growth of 9.4 percent year-on-year to $8.6 billion, beating the consensus of $8.29 billion. Segments Diversified Manufacturing Services (DMS) revenue grew 11 percent Y/Y. Electronics Manufacturing Services (EMS) revenue decreased 7 percent Y/Y. Jabil’s non-GAAP EPS of $1.92 beat the consensus of $1.80. Jabil held $1.2. billion in…
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