Banking, Business, Stocks

“Citigroup profit beats estimates as stock trading jumps 23%”

“…Citi’s markets revenue rose 12% to $6 billion in the quarter, surpassing its earlier expectations for a mid-single-digit percentage gain. Equity revenue surged 23%, buoyed by more client activity. Fixed income revenue, a major driver of Citi’s markets business, jumped… Continue Reading…

Business

“Dick’s Sporting Goods blows past earnings estimates but issues cautious guidance ahead of 2024 election”

“…The sporting goods store comes behind a string of other retailers that issued muted or cautious guidance for the back half of the fiscal year as companies prepare for the presidential election in November and what some fear could lead… Continue Reading…

Business

“Apple sales rise 5%, topping estimates as iPad and Services revenues jump” [Aug 1 2024]

“…Here’s how Apple did versus LSEG consensus estimates for the quarter ended June 29:  Apple expects similar overall revenue growth in the current quarter, company finance chief Luca Maestri said on a call with analysts…” https://www.cnbc.com/2024/08/01/apple-aapl-earnings-report-q3-2024.html

Business, Stocks

“McDonald’s earnings, revenue miss estimates as consumer pullback worsens” [Jul 29 2024]

“Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: The fast-food giant reported second-quarter net income of $2.02 billion, or $2.80 per share, down from $2.31 billion, or $3.15… Continue Reading…

Stocks

“Starbucks stock plunges 14% after badly missing its Q2 earnings estimates”

“…For its second quarter earnings, the company missed expectations across the board, posting lower-than-expected revenue, earnings, and same-store sales growth, as customers pulled back on the frequency of their visits and the size of their orders. Its shares opened 14%… Continue Reading…

Business

“AT&T beats estimates for subscriber additions, free cash flow”

“…But revenue came in at $30 billion, below LSEG expectations of $30.54 billion, as the U.S. telecom space continues to see muted phone upgrades. Adjusted profit for the quarter was 55 cents per share, in line with expectations…” https://finance.yahoo.com/news/t-beats-estimates-subscriber-additions-103413531.html When… Continue Reading…

Business

“Exxon profit drops 28%, falls short of estimates”

” Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains… Profit per share fell 6% shy of Wall Street analysts’ consensus,… Continue Reading…

Economy

“NYC thinks Census Bureau estimates missed tens of thousands of [illegal aliens]”

“…The city rented out entire hotels to house some of the tens of thousands of migrants who came to New York City last year and also put cots in schools and temporarily housed people in tents, a cruise ship terminal and a former police… Continue Reading…

Business, Stocks

“Gap shares pop as company’s holiday earnings blow past estimates, Old Navy returns to growth”

“Gap’s largest banner Old Navy returned to growth for the first time in more than a year during its holiday quarter as the retailer delivered earnings on Thursday that came in well ahead of Wall Street’s expectations.  Sales at Old Navy… Continue Reading…

Stocks

“Nvidia stock surges after earnings beat estimates across the board”

“….For the quarter, Nvidia reported adjusted earnings per share (EPS) of $5.16 on revenue of $22.1 billion. Analysts were expecting EPS of $4.60 on revenue of $20.4 billion. That’s a massive jump from the same period last quarter when Nvidia… Continue Reading…