Posts by Kathy Cherpelis
Kathy Cherpelis at Yahoo Finance 4 hrs ago
Earnings parade continues on Wall Street.
Facebook (FB) shares were on the move in early trading. The social networking firm reporting earnings and revenue that topped analysts' estimates. Profits rose 34% while revenue jumped 49% from a year earlier thanks to strong growth in mobile advertising. However, the company continues to spend aggressively with expenses up 87%.
Qualcomm (QCOM) shares were down sharply ahead of the open. The mobile chip maker cut its earnings and sales outlook for the year because a major customer will not use its Snapdragon chip on its next smartphone and also due to increased competition in China. But the company did report a beat on both its top and bottom lines.
Kathy Cherpelis at Yahoo Finance 1 day ago
Apple (AAPL) stealing the show this earnings season.
Shares of the tech titan were soaring in early trading after it reported its best quarterly profit of any company in history on record iPhone sales...74.5 million to be exact during the holiday period. Profits surged more than 37%, crushing analysts' estimates. Revenue also topped forecasts, rising more than 29% from a year earlier.
Yahoo (YHOO) shares also surged ahead of the bell. Investors applauding the company's move to spin off its remaining $40 billion stake in Chinese e-commerce giant Alibaba ( BABA ) into a separate publicly traded firm owned by Yahoo shareholders. The tax-free transaction is expected to save the company billions of dollars. Yahoo is the parent company of Yahoo Finance.
Kathy Cherpelis at Yahoo Finance 2 days ago
A batch of disappointing earnings dominating the scene on Wall Street.
Microsoft (MSFT) shares were sharply lower in early trading. The tech giant reported a drop in quarterly profit as weak demand for PC's put pressure on corporate sales of Windows Software and it struggled with a stronger dollar. However, earnings per share came in line with analysts' estimates and revenue slightly beat forecasts.
Caterpillar (CAT) shares took a big hit ahead of the bell. The company gave a disappointing outlook for the year as the recent steep decline in oil prices and lower prices for commodities, such as copper, took a toll on Caterpillar's profits in the fourth quarter. The construction and mining equipment maker reporting a big earnings per share miss while revenue beat estimates.
Kathy Cherpelis at Yahoo Finance 3 days ago
IBM may be set to announce big layoffs this week.
IBM (IBM) shares were higher in early trading on unconfirmed reports that it’s getting set to slash 26% of its workforce, or nearly 112,000 jobs as part of reorganization plan dubbed "Project Chrome." The massive jobs cuts would be the biggest in IBM's history and comes after the company reported its 11th straight quarter of declining revenue. However, CNBC Jon Fortt is reporting that the number of layoffs could be much smaller, in the range of 10,000 or less.
Yahoo Finance reached out to IBM and they sent us this statement:
Microsoft (MSFT) getting set to kick off a big week for tech earnings. The company is scheduled to release quarterly results for the last three months of 2014 after the stock market closes. Investors will be looking to see how holiday sales of its Xbox One and Surface tablet fared after an aggressive ad campaign. Analysts expect Microsoft to report record revenue of $26.3 billion dollars, but profits are seen slipping from a year earlier to $0.71 a share.
Kathy Cherpelis at Yahoo Finance 6 days ago
McDonald's (MCD) reported another tough quarter.
The fast-food giant reported a 21% drop in fourth quarter profit. Earnings matched Wall Street forecasts, excluding a $0.09 per share supplier issue. However, revenue missed estimates as it continues to struggle with store traffic in the U.S. and overseas. U.S. same-store sales fell 1.7%, but that was slightly better than what analysts' expected. McDonald’s also warned that sales this month would be negative.
Starbucks (SBUX) shares got a jolt this morning, trading at a new 52-week high. The coffee chain's sales and earnings soared during the holiday period thanks to strong store traffic as the company continued to expand overseas. Earnings and revenue both came in right in-line with analysts' estimates with sales up more than 13% from a year earlier.
Kathy Cherpelis at Yahoo Finance 7 days ago
Layoffs in the works at a couple of major companies
American Express (AXP) said it plans to cut more than 4,000 jobs or 6% of its workforce in an effort to rein in expenses. The credit card company also set aside more money to cover bad loans in the fourth quarter. Shares of American Express were lower on the news.
EBay (EBAY) share were higher in early trading. The internet ecommerce company is also gearing up for some big layoffs ahead of its planned break up with PayPal. The company is cutting 2,400 jobs, or about 7% of its workforce after forecasting sluggish revenue growth for its current quarter. EBay is also looking into the potential sale or an initial public offering of its Enterprise unit.
Kathy Cherpelis at Yahoo Finance 8 days ago
Earnings remain in focus this morning.
IBM (IBM) shares were lower in early trading. The technology giant provided a disappointing outlook for 2015 after revenue fell for the 11th straight quarter at the end of last year, missing analysts’ estimates. This as the company shifts its focus to cloud services and security software. However, earning per share blew past forecasts.
UnitedHealth (UNH) shares were higher in pre-market trading. The largest U.S. health insurer reported earnings and revenue that topped Wall Street views. Revenue rose more than 7% from a year earlier as it benefited from higher premiums and it saw strong sales across all its divisions.
Netflix (NFLX) shares soared before the bell as the company's expansion overseas is paying off. Netflix reported stronger-than-expected subscriber growth in the fourth quarter as it added more customers abroad, offsetting a slowdown at home.
Kathy Cherpelis at Yahoo Finance 9 days ago
The last big bank checks in with quarterly results this morning.
Morgan Stanley (MS) reported fourth quarter earnings and revenue that missed analysts' estimates. The bank saw a big drop in legal expenses, but that was offset by a sharp decline in trading revenue. And revenue from its wealth management business rose more than 2% from a year earlier. Shares of Morgan Stanley were lower on the news in early trading.
Johnson & Johnson (JNJ) shares were down slightly before the bell. The consumer products giant posted fourth quarter earnings that topped estimates, but revenue came in slightly shy of expectations. Profits got a boost from sales of new drugs which helped offset weak demand for medical devices and consumer healthcare products.
Kathy Cherpelis at Yahoo Finance 13 days ago
Another Wall Street bank out with quarterly results this morning.
Goldman Sachs (GS) reported earnings and revenue that topped analysts' estimates. However, revenue fell more than 12% from a year earlier and net income also declined due to weak trading activity and a slowdown in investment banking. Shares of Goldman Sachs are lower on the news in early trading.
Intel (INTC) issued a weak outlook for its current quarter as demand for personal computers appeared to be slowing down. But Intel's fourth quarter earnings beat analysts' estimates, while revenue came in roughly in line-with Wall Street views.
Best Buy falls on dismal outlook; RadioShack sinks on bankruptcy talk; BofA and Citigroup miss estimatesKathy Cherpelis at Yahoo Finance 14 days ago
Some stocks to watch this morning.
Best Buy (BBY) shares are lower ahead of the open. The consumer electronics retailer said it doesn't expect the solid sales momentum it saw during the holiday period to continue this year. The company citing weak demand and price pressures.
BlackBerry (BBRY) shares were sharply lower in early trading after the struggling smartphone maker denied a report that it was in talks with Samsung about a buyout offer. Blackberry stock rallied almost 30% yesterday after Reutersreported that Samsung was interested in buying the Canadian company for as much as $7.5 billion.
A couple of earnings misses from the banking sector.