Source: Dreamstime
Reading time: 2 minutes
Despite a 6.9% year-over-year increase in the company’s revenue and record net bookings for fiscal Q3 2022, it still didn’t match analysts’ expectations for $2.66 billion.
Tag Archives: earnings reports analysis
Exxon Mobil Delivered Strong Fourth-quarter Profits on the Wings of Surging Oil and Gas Prices
Source: Dreamstime
Reading time: 2 minutes
A big reason why Exxon managed to secure a solid financial foothold this quarter is the significant spike in crude oil, which has reached levels not seen in over seven years.
The multinational oil and gas corporation reported year-over-year revenue growth of over 80%, which has allowed it to kickstart its share buyback program as early as in the first quarter of 2022.
General Electric Reported a Weak Quarter Mired in Supply Chain Woes, Forecasts Better Performance in 2022
Source: Dreamstime
Reading time: 2 minutes
Besides delayed deliveries, the Boston-based industrial conglomerate is also wrestling with inflation, which has led to higher transportation costs and prices of key commodities, such as steel.
Tilray Inc Will Rebrand Itself to Tilray Brands Inc, Reported a Surprisingly Upbeat Quarterly Profit
Source: Dreamstime
Reading time: 2 minutes
At its earnings conference this Monday (14.01), the famous Canadian cannabis producer announced further budget cuts to a total of $100 million and promised to bring further innovations into the now overcrowded local hemp market. The news sent Tilray’s shares up by 15% to $9.39.
Chevron Reported Highest Free Cash Flow on Record, Paid Billions Worth of Dividends
Source: Dreamstime
Reading time: 2 minutes
The leading U.S. crude oil and natural gas producer posted refreshingly upbeat results on the backdrop of surging commodities prices and lower operational costs.
Wells Fargo’s Latest Quarterly Revenues Explode with Gains of Nearly 60%, But There’s a Catch
Source: Dreamstime
Reading time: 2 minutes
The U.S. banking service provider crushed analyst estimates with a stellar quarterly performance which, however, was somewhat backed by the release of its credit loss reserves: the money meant for covering losses on loans in the event of defaults or nonpayments. The company’s stock dipped 1.6% shortly after the news.