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Nike earnings results are here

The world’s biggest sporting goods company, Nike Inc. (NYSE: NKE), reported Q2 of fiscal 2024 after the US market closed on Thursday. Nike reported revenue of $13.388 billion for the quarter (up by 1% year-over-year and down by 1% on neutral currency basis), narrowly falling short of Wall Street estimate of $13.391 billion. Earnings per sha...

December 22, 2023
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Micron Technology results top estimates – the stock rises in the after-hours

Micron Technology Inc. (NASDAQ: MU) released first quarter of fiscal 2024 earnings results after the market close in the US on Wednesday. US semiconductor company reported revenue of $4.726 billion, which was above Wall Street analyst estimate of $4.581 billion. Earnings per share (EPS) reported loss per share of -$0.95 for the quarter vs. -$...

December 21, 2023
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General Mills posts mixed results

US food company, General Mills Inc. (NYSE: GIS), reported its latest financial results for second quarter of fiscal 2024 before the US open on Wednesday. Revenue reached $5.139 billion for the quarter, falling short of analyst estimate of $5.354 billion. Revenue was down by 2% year-over-year. Earnings per share (EPS) reported at $1.25 per sha...

December 21, 2023
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FedEx falls short – the stock is down

The World's second largest courier company, FedEx Corporation (NYSE: FDX), released its latest financial results for second quarter of fiscal year 2024 after the market closed in the US on Tuesday. The US company fell short of estimates for both revenue and earnings per share (EPS) for the quarter. Revenue reached $22.2 billion vs. $22.356 bi...

December 20, 2023
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Accenture results revealed

Irish-American professional services company, Accenture plc (NYSE: ACN), announced Q1 FY24 financial results before the opening bell in the US on Tuesday. The company reported revenue of $16.224 billion for the three months that ended on 30/11/23, which was narrowly above analyst estimate of $16.169 billion. Earnings per share (EPS) reached $...

December 20, 2023
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NIO gets a boost from the Middle East

It was positive start to a new week for the Chinese electric vehicle company, NIO Inc. (NYSE: NIO), after it announced a $2.2 billion strategic investment from an Abu Dhabi based investment firm CYVN Holdings on Monday. The deal is expected to be completed in the last week of December and it will make CYVN a major shareholder in the company with...

December 19, 2023
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Costco posts solid results

American wholesale chain, Costco Wholesale Corporation (NASDAQ: COST), announced financial results for the first quarter of fiscal year 2024 after the closing bell in the US on Thursday. Company overview Founded: September 15, 1983 Headquarters: Issaquah, Washington, United States Number of employees: 316,000 (2023) Industry:...

December 15, 2023
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Lennar exceeds expectations

World’s 4th largest construction company, Lennar Corporation (NYSE: LEN), released its fourth quarter and full-year of fiscal 2023 financial results after the market close on Wall Street on Thursday. Company overview Founded: 1954 Headquarters: Waterford District, unincorporated Miami-Dade County, Florida (Miami, Florida postal address...

December 15, 2023
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Adobe beats estimates and reaches $5 billion quarterly revenue for the first time

US software giant, Adobe Inc. (NASDAQ: ADBE), reported Q4 and fiscal year 2023 financial results after the market close in the US on Wednesday. Company overview Founded: December 1982 Headquarters: San Jose, California, United States Number of employees: 26,000 (2022) Industry: Software Key people: Shantanu Narayen (Chairman &am...

December 14, 2023
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Johnson Controls International results announced – the stock is down

On Monday, Citigroup raised its target price for the Irish multinational conglomerate, Johnson Controls International plc (NYSE: JCI), from $58 to $61 a share. On Tuesday, Johnson Controls announced its latest financial results for its fiscal fourth 2023. Let’s see how it performed. Company overview Founded: 1885 Headquarters: Cork,...

December 13, 2023
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Oracle revenue falls short of Wall Street estimates – the stock is falling

US software and hardware manufacturer, Oracle Corporation (NYSE: ORCL), announced results for its fiscal 2024 second quarter after the market close on Monday. Company overview Founded: June 16, 1977 Headquarters: Austin, Texas, United States Number of employees: 164,000 (2023) Industry: Enterprise software, business software, cloud...

December 12, 2023
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lululemon posts better-than-expected results

World’s second largest sporting goods company, lululemon athletica inc. (NASDAQ: LULU), released Q3 2023 financial results after the closing bell on Wall Street on Thursday. Company overview Founded: 1998 Headquarters: Vancouver, British Columbia, Canada Number of employees: 34,000 (2023) Industry: Sportswear Key people: Calvi...

December 8, 2023
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Broadcom fourth quarter and full-year results are here

US technology giant and one of the largest semiconductor companies in the world, Broadcom Inc. (NASDAQ: AVGO), announced fourth quarter and fiscal year 2023 results after the market close in the US on Thursday. Company overview Founded: 1961 Headquarters: San Jose, California, United States Number of employees: 20,000 (2023) Indust...

December 8, 2023
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AutoZone latest financial results announced

The largest US retailer of aftermarket automotive parts, AutoZone (NYSE: AZO), released its latest earnings report for its fiscal first quarter that ended on November 18, 2023, before the US market opened on Tuesday. Company overview Founded: July 4, 1979 Headquarters: Memphis, Tennessee, United States Number of employees: 119,000 (20...

December 6, 2023
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NIO Q3 results have arrived – the stock is rising

Chinese electric vehicle company, NIO Inc. (NYSE: NIO), reported Q3 results before the opening bell in the US on Tuesday. Company overview Founded: November 2014 Headquarters: Shanghai, China Number of employees: 20,000+ (2023) Industry: Automotive Key people: William Li (CEO), Lihong Qin (President), Wei Feng (CFO) The resul...

December 6, 2023
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