Walmart (NYSE: WMT), the major U.S. retailer, reported flat earnings on Tuesday in its fourth-quarter earnings call. The company reported a Net Income of $4.14 billion for the quarter, almost 12.3% higher than $3.69 billion reported in the 4th quarter of last year. Revenue reported was $140.6 billion, an increase of 2.1%; slightly below analyst expectations of $141.5 billion. Adjusted Earnings per share came to be $1.38 below analyst expectations of $1.44. This was a rate profit miss for Walmart.
Apple beats earnings estimates, shares rise Apple (NASDAQ: AAPL) reported financial results for its fiscal 2020 first quarter ending December 28, 2019. Quarterly revenue stood at $91.8 billion beating expectations of $88.43 billion by a good margin. The revenue growth represents a 9% increase from the year-ago quarter and an all-time record! Earnings were also very positive with the company reporting quarterly earnings per diluted share of $4.99 beating estimates of $4.54 per
This week we saw Google's parent company Alphabet (NASDAQ: GOOGL) closing with a market valuation of $1.02 Trillion and entering the exclusive Trillion Dollar tech market club. Alphabet now joins Microsoft (NASDAQ: MSFT) currently trading at $167 per share with a $1.27 Trillion market capitalization and Apple trading at $318.7 per share with a market cap of $1.40 Trillion. Alphabet has now joined this exclusive club on the back of an exemplary run over the past year.
Boeing (NYSE: BA) has started the year on the wrong footing. BA continues to make headlines for all the wrong reasons. Over the past year, Boeing stock has lost 6.3% of its value. In contrast, its competitor, in a market that is pretty much a duopoly, has gained 45.6%. This divergent performance reflects various negative developments and challenges that Boeing has had to deal with since early 2019. 2019 was already
Tesla started 2020 on a high reporting that it has delivered 367,500 vehicles in 2019. This exceeds the forecast of 360,000 deliveries made in October. Wall Street exhibited a renewed optimism in Tesla, in contrast to the damp sentiment of early 2019, driving Tesla's stock to a high of ~ $425 a share. Tesla's stock is up more than 50% from the year before. This impressive run-up is despite the stock
Netflix (NFLX) was the best performing stock of the last decade delivering a whopping 4,181% return outperforming all the current members of the S&P. To put things in perspective, the index as a whole returned a respectable but distant return of ~189% over the past 10 years. Netflix currently valued at ~$148 billon, delivered this impressive return within the past 10 years after a rather modest start with a few