United Healthcare [$UNH] issued a press release on its quarterly results before the market opened with the following headlines: Total Revenues of $60.4 Billion Grew by 7% or $3.8 Billion Year-over-Year Operating Earnings Grew 9% to $5.0 Billion, Including Double-Digit Growth Rates in Each Optum Business Net Earnings Per Share were $3.67, Adjusted Net Earnings …
Continue reading “UnitedHealth beats estimates and raises outlook”
Three important indexes in Europe are the STOXX Europe 50 for Europe and the EURO STOXX 50 for the Eurozone and the S&P 350 Europe. The EURO STOXX 50 Index, Europe’s leading blue-chip index for the Eurozone, provides a blue-chip representation of supersector leaders in the region. The STOXX Europe 50 Index, Europe’s leading Blue-chip …
Costco [COST] issued a press release on their quarterly results after markets closed. Quarterly results Comparable store sales missed estimates and the growth is slowing down in all segments. The US segment represents three quarters of the overall revenue. Comparison with peers Costco has very low gross margins relative to its peers, and despite its …
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Constellations Brands issued a press release on its quarterly results before markets opened. Canopy equity loss All segments performed well in terms of both shipment volume, revenue and profit. But due to continued Canopy equity losses Constellation Brands yet again reported negative earnings for the quarter. The announcement of a positively revised outlook in terms …
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PepsiCo issued a press release regarding its quarterly results before the market opened. CEO comments The financial results were accompanied by the following comments by CEO Ramon Laguarta. “We are pleased with our results for the third quarter. While adverse foreign exchange translation negatively impacted reported net revenue performance, organic revenue growth was 4.3% in …
HP Inc. [HPQ] has announced its 2020 outlook and restructuring plan in a press release with the following headlines. Estimates GAAP diluted net earnings per share (“EPS”) for fiscal 2020 of $1.98 to $2.10 Estimates non-GAAP diluted net EPS for fiscal 2020 of $2.22 to $2.32 Estimates fiscal 2020 free cash flow of at least …
Continue reading “HP to lay off 7000-9000 of its 55,000 employees”
H&M released their nine month report prior to the market opening on October 3rd. Some of the headlines from that report are: With well-received summer collections, the H&M group’s net sales increased by 12 percent to SEK 62,572 m (55,821) in the third quarter. In local currencies, net sales increased by 8 percent compared with …
McCormick [MKC] has issued a press release on its third quarter earnings. The company increased its full year earnings per share outlook. Strong growth was shown in volume/mix and net sales despite currency headwinds and weaknesses in the flavor solutions segment and the EMEA consumer segments. The headlines of the quarter were as follows. McCormick …
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The earnings season kicks into gear this week with earnings from PepsiCo, Costco, McCormick, Constellations Brands and others. The week from October 14th to 18th sees JP Morgan, Wells Fargo, BoA, J&J, UnitedHealth, Coca Cola and others reporting. Revenue as well as dividends and stock repurchases are at all time highs, but operating income and …
Continue reading “Status on the S&P500 going into the Q3 earnings season”