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NIO’s April delivery numbers are in

NIO Inc. reported its latest delivery numbers for April on Sunday. The Chinese electric vehicle company delivered 5,074 cars last month – a decrease of 28.55% year-over-year. Production and deliveries were impacted by supply chain issues and other constraints caused by COVID-19 outbreaks in China, according to the company. The deliveries in...

May 2, 2022
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Exxon Mobil latest results announced

Exxon Mobil Corporation reported its first quarter financial results before the opening bell on Wall Street on Friday. The oil and gas giant reported revenue of $90.5 billion in the first quarter of 2022 vs. $82.839 billion expected. Earnings per share came in below of analyst estimates at $2.07 per share vs. $2.23 per share expected. ''Th...

May 2, 2022
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AbbVie posts mixed results for Q1

AbbVie Inc. reported its financial results for the first quarter before the market open on Friday in the US. The biotechnology and pharmaceutical company reported revenue just shy of expectations at $13.538 billion (a 4.1% increase year-over-year) in Q1 vs. $13.662 billion expected. Earnings per share reported at $3.16 per share (a 9.3% incre...

May 2, 2022
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Chevron Q1 results are in

Chevron Corporation reported its latest financial results before the market open in the US on Friday. The company reported revenue of $54.373 billion in Q1, coming in above $51.14 billion expected by the analysts on Wall Street. Earnings per share reported at $3.36 per share vs. $3.41 per share expected. Mike Wirth, Chevron’s chairman an...

May 2, 2022
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Bristol-Myers Squibb exceeds Q1 expectations

US pharmaceutical company Bristol-Myers Squibb Co. reported first quarter financial results on Friday, beating analyst expectations. The company reported revenue of $11.648 billion (up 5% year-over-year) vs. $11.349 billion expected. Earnings per share reported at $1.96 per share (a 13% increase year-over-year) vs. $1.91 per share estimate. ...

May 2, 2022
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Apple exceeds Wall Street expectations

Apple Inc. reported financial results for its fiscal 2022 second quarter after the closing bell on Wall Street on Thursday. World’s largest company beat both revenue and earnings per share estimates. Total revenue reported at $97.278 billion in the quarter (a 9% percent year-over-year) vs. $94.034 billion expected. Earnings per share at $1....

April 29, 2022
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Amazon falls short in Q1

Amazon.com Inc. announced its first quarter results after the market close in the US on Thursday, falling short of Wall Street analyst expectations. The US online retailer reported revenue of $116.444 billion in the quarter vs. $116.45 billion estimate. Analysts were expecting earnings per share of $8.35 a share in Q1, however, the company re...

April 29, 2022
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McDonald’s delivers in Q1

McDonald's Corp. reported its Q1 financial results before the opening bell over in the US on Thursday. World’s biggest fast food company reported revenue of $5.666 billion in the quarter, beating analyst forecast of $5.57 billion. Earnings per share also topped analyst estimates at $2.28 per share vs. $2.17 per share expected. "In a quar...

April 29, 2022
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Microsoft Earnings impress after strong revenue from its cloud system

Technology leader Microsoft has released its quarterly report beating analysts’ expectations. The company's balance sheet and price surge were largely driven by strong revenue in its cloud computing Azure unit but was well supported by its other service areas. The results for the company's third quarter showed a double-digit growth figure with re...

April 28, 2022
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RBA rate day well in play after record CPI print

Going into yesterday's Aussie Inflation figures bond markets were pricing in around a 40% chance of a hike to 0.25% at next Tuesdays RBA May meeting. Most pundits including analysts at the big 4 banks thought this unlikely, with a move in June their predictions. Yesterday's eye watering CPI figure, took the market by surprise coming in at 2.1% f...

April 28, 2022
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Visa crushes Wall Street estimates

Visa Inc. announced its fiscal second quarter 2022 results after the closing bell on Wall Street on Tuesday. The financial services giant topped both revenue and earnings per share estimates, sending the share price higher on Wednesday. The company reported revenue of $7.189 billion in the quarter vs. $6.833 billion estimate. Earnings per ...

April 28, 2022
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Musk’s future for Twitter

The future of the large-cap tech giant and social media platform, Twitter, will be one to watch closely after the Board approved tech billionaire and Tesla CEO, Elon Musk's offer to buy the company. The question remains, is this a positive move for the company and its move into the future?   Takeover details Musk’s offer, which has already be...

April 27, 2022
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Coca-Cola tops Wall Street expectations in the first quarter

The Coca-Cola Company reported its latest financial results for the first quarter of the year before the Wall Street opening bell on Monday. World’s largest beverage producer reported revenue of $10.491 billion in the first quarter, surpassing analyst estimates of $9.832 billion. Earnings per share reported at $0.64 per share, also above an...

April 26, 2022
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Macquarie’s recent $3.5 billion sale to AustralianSuper and Singtel

AustralianSuper and Singtel’s company, Australian Tower Network (ATN), has recently won the auction for Axicom. Early this month, Macquire’s Axicom was looking for buyers and had settled for ATN. Shareholders from both ATN and Axicom signed the $3.5 billion deal early this month. The deal would allow ATN to add around 2000 of Axicom’s ...

April 21, 2022
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Netflix plumets 25% after hours after hours after disappointing quarterly results.

US streaming giant Netflix (NFLX) has seen its share price fall spectacularly after regular trading hours as the market released poor quarterly results. The concern for the company and the market concern is the first loss of subscribers in a decade. NFLX’s user base dropped by 200,000 and is expected to drop further by 2 million in the next pe...

April 20, 2022
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