News

Corporate Earnings

Kimberly Redmond | Equities.com |

Intuitive Surgical reported higher earnings and revenue during the fourth quarter of 2020 after the robotic surgical systems maker saw a pickup in procedure volume. 

 

On Thursday, the California-based company reported a fourth-quarter profit of $365 million, $3.02 a share, up from $358 million, or $2.99 per share, during the same period a year earlier.  () 

 

Fourth quarter revenue was $1.33 billion, a 4% increas...


Kimberly Redmond | Equities.com |

In its quarterly and annual earnings report released Friday, Schlumberger, the world’s top oilfield services provider reported fourth quarter net income of $374 million, or $0.27 per share, compared with $333 million, or $0.24 per share, during the prior year's quarter.

Revenue totaled $5.53 billion in the quarter, down from $8.23 billion a year earlier but above analyst estimates of $5.24 billion. It's the first quarter-over-quarter increase in revenue for Schlumberger since the third quarter of 2019.


Kimberly Redmond | Equities.com |

Volkswagen wrapped up 2020 with a strong finish, reporting a profit of more than $12 billion despite the ongoing COVID-19 pandemic.

On Friday, the world’s largest automaker announced its preliminary figures for 2020, reporting an operating profit of 10 billion euros ($12.2 billion).

After losing 1.4 billion euros ($1.7 billion) in the first six months of the year, Volkswagen said the second half of the year “proved to be quite robust.”  


Reuters | Equities.com |

IBM Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in its software unit as clients shied away from longer-term deals due to pandemic-induced economic uncertainty.

The 109-year-old firm is preparing to split itself into two public companies and the namesake firm will focus on the so-called hybrid cloud, where companies use a combination of their own datacenters and leased resources to manage and process data.


Reuters | Equities.com |

The incoming chief executive of Intel Corp said on Thursday that most of the company’s 2023 products will be made in the company’s factories but outlined a dual-track future in which Intel will lean more heavily on outside factories.

Shares rose 6.5% during regular trade Thursday to $62.46, when the results were released inadvertently ahead of the close. The Financial Times quoted the company as saying it had been hacked. After hours, shares fell 4.7% to $59.55.


Kimberly Redmond | Equities.com |

After reporting its first quarterly net profit since oil prices took a nosedive in March 2020, Baker Hughes believes a rebound is on the horizon. 

On Thursday, the Houston-based company posted fourth quarter net income of $653 million, or $0.91 a share, compared with $48 million, or $0.07 a share, during the fourth quarter of 2019.

On an adjusted basis, however, the oilfield equipment and services provider reported a loss of $50 million, or $0.07 per share, in the quarter ending Dec. 31. Analysts had been looking for adjusted earnings of $0.17 per share.


Kimberly Redmond | Equities.com |

Alcoa Corp, the largest producer of aluminum in the U.S., reported fourth quarter earnings and revenue that topped analyst expectations.

 

The results, released Wednesday, are an improvement over the previous three quarters of 2020, reflecting a pick-up in the automotive sector sales and higher aluminum prices.

 

The Pittsburgh-based company’s quarterly and annual earnings report show a fourth-quarter loss of $4 million, o...


Kimberly Redmond | Equities.com |

As COVID-19 pandemic-related travel restrictions and concerns about contracting the virus continue, United Airlines posted its fourth consecutive quarterly loss and said it expects sales to continue to struggle in the first quarter of 2021.

In its earnings report released Wednesday, the Chicago-based carrier reported an adjusted net loss of $2.1 billion for the final three months of 2020 and $7.7 billion for the entire year. 

 

The fourth-qu...


Kimberly Redmond | Equities.com |

ASML Holding posted better-than-expected results for the fourth quarter of 2020, a trend that the Netherlands-based technology giant expects to continue this year.

In its quarterly and yearly results released Wednesday, ASML reported 4.3 billion euros ($5.2 billion) in sales and net income of 1.4 billion euros ($1.6 billion), beating Wall Street’s expectations for the final three months of 2020.


Kimberly Redmond | Equities.com |

Netflix surpassed the 200 million subscriber mark during the fourth quarter of 2020, capping off its biggest-ever year of growth due to viewership gains prompted by the COVID-19 pandemic.

On Tuesday, in its quarterly earnings report, the streaming service announced it added 8.51 million paid subscribers during the period, blowing past Wall Street analyst estimates of 6.03 million. For the year, Netflix added 37 million paid members, boosting its subscribers by 22%. 

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