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IBES data

Mastercard profit falls nearly 6pc on cross-border spending slump

Mastercard profit falls nearly 6pc on cross-border spending slump

Published 29 Apr, 2021 06:05pm
  • Net income, excluding exceptional items, fell to $1.7 billion, or $1.74 per share, from $1.8 billion, or $1.83 per share, a year earlier. *Over the past year, major card companies and payment processors have been hit by a near collapse in travel demand and spending on non-essentials during the COVID-19 pandemic.
Insurer UnitedHealth raises 2021 profit view after upbeat quarter

Insurer UnitedHealth raises 2021 profit view after upbeat quarter

Published 15 Apr, 2021 04:11pm
  • Revenue from the company's main growth driver, Optum unit, which manages drug benefits and offers healthcare data analytics services, rose 10% to $36.4 billion.
  • The company reported adjusted earnings of $5.31 per share, beating estimates of $4.38 per share, according to IBES data from Refinitiv.
Macy's forecasts upbeat 2021 sales

Macy's forecasts upbeat 2021 sales

Published 23 Feb, 2021 05:20pm
  • The company expects sales between $19.75 billion and $20.75 billion for the full year, compared with analysts' estimates of $20.13 billion.
  • Same-store sales on an owned basis fell 17% in the fourth quarter ended Jan. 30, compared with Wall Street estimates of a 16.60% fall.
Walmart rides soaring holiday demand to beat same-store sales estimates

Walmart rides soaring holiday demand to beat same-store sales estimates

Published 18 Feb, 2021 07:17pm
  • Walmart, which employs 1.5 million people in the United States, also said it was raising wages for its workers in the country to more than $15 per hour on average.
  • Online sales rose 69% in the quarter, blowing past a 35% increase in the year-earlier period, but slower than a 79% surge in the third quarter.
Ralph Lauren sees revenue below estimates as lockdowns bite

Ralph Lauren sees revenue below estimates as lockdowns bite

Published 04 Feb, 2021 08:02pm
  • "Our current outlook could be negatively impacted if government-mandated lockdowns or restrictions are extended," the company said.
  • The company has already announced plans to cut 15% of its global workforce by the end of this fiscal year.
Johnson & Johnson promises 2021 profit jump, vaccine data ‘soon’

Johnson & Johnson promises 2021 profit jump, vaccine data ‘soon’

Published 26 Jan, 2021 07:53pm
  • Separately, J&J chief financial officer told CNBC that the company was expecting data sometime next week and was optimistic that it would be robust.
  • The company's fourth-quarter profit fell 56.7% to $1.74 billion after recording litigation expenses of $2.9 billion in the fourth quarter.
Lockheed Martin misses profit estimates on lower F-35 deliveries

Lockheed Martin misses profit estimates on lower F-35 deliveries

Published 26 Jan, 2021 07:02pm
  • Shares of the company fell 1.2% in premarket trading, after the company said fourth-quarter deliveries of its F-35 jets fell 17.6% from 51 jets a year earlier.
  • Lockheed forecast full-year earnings for 2021 to be in the range of $26.00 to $26.30 per share, above analysts' average expectation of $26.13 per share.
Raytheon posts better-than-expected profit and sales, shares jump

Raytheon posts better-than-expected profit and sales, shares jump

Published 26 Jan, 2021 06:35pm
  • Shares of the company rose 2.7% in premarket trading after the company said its free cash flow could almost double to $4.5 billion in 2021.
  • The company provided a full-year revenue outlook of about $63.4 billion to $65.4 billion which was below analysts' estimate of revenue of about $67.28 billion.
3M profit rises after boost from healthcare

3M profit rises after boost from healthcare

Published 26 Jan, 2021 05:06pm
  • 3M's healthcare unit - its third-largest business - has been the best performer among its four divisions.
  • 3M said its full-year total sales would grow in the range of 5% to 8%.
Reliance profit jumps as costs fall; revenue slides 21pc on oil hit

Reliance profit jumps as costs fall; revenue slides 21pc on oil hit

Updated 22 Jan, 2021 08:02pm
  • Reliance said on Friday its consolidated profit rose to 131.01 billion rupees ($1.79 billion) in the quarter ended Dec. 31 from 116.40 billion rupees a year earlier.
  • Analysts on average had expected a profit of 110.09 billion rupees, according to IBES data from Refinitiv.
Goldman Sachs profit surges on M&A, trading boost

Goldman Sachs profit surges on M&A, trading boost

Published 19 Jan, 2021 05:36pm
  • The bank's net earnings applicable to common shareholders rose to $4.36 billion in the quarter ended Dec. 31 from $1.72 billion a year ago.
  • Earnings per share rose to $12.08 from $4.69 a year earlier.
Tech's reign over US stock market to be tested in 2021

Tech's reign over US stock market to be tested in 2021

Published 28 Dec, 2020 11:40am
  • Even some strategists who like other stocks aren't straying far from tech. BMO Capital Markets cut tech to "market weight" for 2021 but urged investors to maintain positions rather than sell.
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