[ad_1] HP Inc. (NYSE: HPQ) reported first quarter 2024 earnings outcomes immediately. Web income of $13.2 billion was down 4.4% from the identical interval a 12 months in the past. GAAP web earnings have been $622 million, or $0.62 per share, in comparison with $469 million, or $0.47 per share, final 12 months. Adjusted EPS elevated 11% to $0.81. Income missed expectations whereas earnings got here in keeping with estimates. For the second quarter of 2024, HP expects GAAP EPS of $0.58-0.68 and adjusted EPS of $0.76-0.86. For fiscal 12 months 2024, GAAP EPS is predicted to be $2.61-3.01 and…
Author: Staff Correspondent
[ad_1] The Kroger Co. (NYSE: KR) might be reporting fourth-quarter outcomes on March 7 earlier than the opening bell, amid expectations for a rise in earnings and revenues. The administration’s technique is at the moment targeted on creating worth for purchasers – by aggressive costs, personalised promotion, and rewards – whilst shopper spending stays beneath strain. Shares of the grocery store chain entered 2024 on a vivid observe and made regular positive factors to this point, although the value briefly slipped beneath the one-year common in early February. The inventory has gained about 5% for the reason that starting of…
[ad_1] Shares of Hormel Meals Company (NYSE: HRL) stayed pink on Monday. The inventory has dropped 5% over the previous three months. The branded meals firm is slated to report its first quarter 2024 earnings outcomes on Thursday, February 29, earlier than markets open. Right here’s a have a look at what to anticipate from the earnings report: Income Analysts are projecting revenues of $2.92 billion for the primary quarter of 2024. This compares to gross sales of $3 billion reported in the identical quarter final 12 months. Within the fourth quarter of 2023, internet gross sales decreased 3% year-over-year…
[ad_1] Shares of Macy’s, Inc. (NYSE: M) rose over 2% on Friday. The inventory has gained 31% over the previous three months. The retailer is scheduled to report its fourth quarter 2023 earnings outcomes on Tuesday, February 27, earlier than markets open. Right here’s a take a look at what to anticipate from the earnings report: Income Macy’s has guided for web gross sales of $7.95-8.25 billion for the fourth quarter of 2023. Analysts are projecting income of $8.1 billion for This autumn. This compares to web gross sales of $8.3 billion reported in the identical interval final yr. Within…
[ad_1] Buyer relationship administration platform Salesforce, Inc. (NYSE: CRM) might be publishing its fourth-quarter 2024 outcomes subsequent week, amid expectations for a year-over-year enhance in revenues and earnings. Of late, the tech agency’s investments have been targeted on ramping up its AI capabilities to satisfy the rising demand amid widespread use of AI-enabled purposes. Salesforce’s inventory has made regular positive aspects in latest months and is at the moment hovering close to the file highs of 2021. CRM maintained the uptrend forward of subsequent week’s earnings, and it appears poised to cross the $300 mark within the coming weeks…
[ad_1] Shares of House Depot (NYSE: HD) stayed purple on Wednesday. The inventory has gained 17% over the previous three months. The corporate delivered fourth quarter 2023 earnings outcomes that declined on a year-over-year foundation however surpassed expectations. It additionally offered a cautious outlook for fiscal yr 2024 because it expects to proceed going through pressures to its enterprise throughout the interval. Quarterly numbers Gross sales for the fourth quarter of 2023 decreased almost 3% year-over-year to $34.8 billion. Comparable gross sales fell 3.5% and comparable gross sales within the US dropped 4%. Internet earnings decreased almost 17% to $2.8…
[ad_1] Main toymakers Hasbro, Inc. (NASDAQ: HAS) and Mattel, Inc. (NASDAQ: MAT) reported their fourth quarter 2023 earnings outcomes this month. Each corporations carried out otherwise, with Hasbro popping out of a difficult 12 months with disappointing outcomes whereas Mattel benefited from the success of its Barbie film. Right here’s a have a look at how these two companies fared within the ultimate quarter of fiscal 12 months 2023: Income and income In This autumn 2023, Hasbro’s revenues declined 23% year-over-year to $1.3 billion. The corporate reported a GAAP web lack of $1.06 billion, or $7.64 per share, in comparison…
[ad_1] Nvidia Company (NASDAQ: NVDA) has emerged because the frontrunner in offering cutting-edge options to enterprises for ramping up their generative AI deployments. The chipmaker is flourishing on the speedy transition from general-purpose computing to accelerated computing and generative AI. The market will probably be carefully watching the corporate’s upcoming earnings because it might trigger main actions within the inventory worth. The graphic card behemoth’s inventory has been in an upward spiral for greater than two years, setting new information usually. In 2023, NVDA was the top-performing Wall Avenue inventory, making document positive factors through the yr. The inventory hit…
[ad_1] Utilized Supplies, Inc. (NASDAQ: AMAT) on Thursday introduced monetary outcomes for the primary quarter of 2024, reporting a rise in adjusted revenue. Adjusted earnings of the semiconductor expertise firm elevated to $2.13 per share within the January quarter from $2.03 per share in the identical interval of 2023. Web earnings, together with particular objects, was $2.02 billion or $2.41 per share within the first quarter, in comparison with $1.72 billion or $2.02 per share final 12 months. Web income got here in at $6.71 billion throughout the three months, in comparison with $6.74 billion within the prior-year quarter. The…
[ad_1] Semiconductor know-how firm Utilized Supplies, Inc. (NASDAQ: AMAT) is scheduled to launch first-quarter outcomes on Thursday after the closing bell. Being a number one supplier of semiconductor fabrication tools and digital show options, the corporate is well-positioned to profit from the AI-driven upswing within the world semiconductor market. Inventory Beneficial properties The Santa Clara-headquartered tech agency’s shares have been in an upward spiral for over a 12 months, and so they climbed to a file excessive final week. Although the inventory has retreated from the height it continues to remain above the long-term common, forward of the earnings. Contemplating…