Category: Earnings

Coca-Cola Shares Pop on Earnings Beat

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The company’s earnings and revenue increased thanks to a partnership with Netflix and a variety of new products. 

Shares of Coca-Cola rose 5% on Tuesday thanks to a positive second-quarter earnings report. The company’s earnings and revenue both beat investor expectations…

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CrowdStrike Shares Jump After Earnings Report

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This was the company’s first earnings report since its June IPO.

Shares of CrowdStrike jumped nearly 15% on Friday after investors got a look at the company’s first earnings report since its IPO. This added more than $2 billion to the company’s market cap, bringing it to $16.7 billion. 

The cybersecurity company has been beating investor expectations on all fronts since going public in June. The company raised over $600 million at its IPO and its shares have consistently outperformed its initial asking price of $34 per share. As of Friday, CrowdStrike’s stock is up 150% from its IPO price. 

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Here’s Why Netflix Shares Fell

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This is the first time the company has lost subscribers since 2011.

2019 is a year of highs and lows for Netflix. The company started the year coming off of a 52-week low, but its shares rebounded in the months since. 

The company has dealt with announcements from Disney and Apple of new rival streaming services. And most recently, it learned it will lose two of its most popular shows: “The Office” and “Friends.” 

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Nu Skin Shares Fall 16% After Updating Second-Quarter Guidance

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The company’s shares are down nearly 50% in 2019.

On Wednesday, shares of Nu Skin fell sharply after the company warned investors about a disappointing upcoming earnings report. The company said that China has been cracking down on health products, which is causing a drag on its sales. 

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Wells Fargo Shares Fall Despite Second-Quarter Revenue Gains

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Wells Fargo’s shares fell more than 2% due to concerns about spending and its net interest income.

Wells Fargo is one of several major banks to release its earnings reports this week. The bank released its second-quarter earnings report on Tuesday and despite beating investor expectations, Wells Fargo saw its shares fall more than 2%.

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Citigroup Kicks Bank Earnings Season Off With a Bang

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The bank’s second-quarter earnings report gave investors a lot to be happy about. 

Citigroup kicked off bank earnings season with strong second-quarter results. Wells Fargo, Bank of America, and JP Morgan Chase are all expected to post quarterly earnings report later this week. 

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Levi Strauss Investors Are Frustrated

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The company’s shares fell after a disappointing earnings report.

On Tuesday, Levi Strauss released its second-quarter earnings report and the results weren’t quite what investors were expecting. The company’s shares fell 6% after investors learned it had fallen short on profit expectation.

During the second quarter, Levi Strauss earned 7 cents per share in comparison to earnings of 19 cents per share a year earlier.

So, what’s happening?

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Pepsi EPS Up in Q2 Earnings Report

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Pepsi did it again…

This morning, Pepsi announced that earnings per share once again beat expectations, marking a 13-quarter run for the soda pop blue chip.

PepsiCo’s second-quarter core earnings per share (EPS) were reported at $1.54, beating predictive estimates of $1.49. Even though core EPS declined 7.2% year over year, the current numbers show Pepsi is returning value to shareholders.

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G20 Brings Good News for American Chip Makers

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Today, we’re seeing big gains in U.S. markets based on easing of trade conflict with China.

Why the significant jumps in U.S. stock futures today? Part of the enthusiasm that’s driving renewed market activity: the technology sector.

In past weeks, as tariff activity seem to be ratcheting up, chipmakers like Broadcom came out with poor earnings reports and projected sales reports partially based on the fact that they source products and materials from Chinese companies. As American businesses were under a mandate not to buy from China, it was hurting their supply chains.

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