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Episodes (543)
Advanced Micro Devices, Inc. (AMD) Q3 2020 Earnings Call
Advanced Micro Devices, Inc. (NASDAQ: AMD) Q3 2020 earnings call dated Oct. 27, 2020 Transcript: Click here Infographic: Click here Semiconductor company Advanced Micro Devices, Inc. (NASDAQ: AMD) Tuesday said its third-quarter revenues grew 56% as demand conditions continued to improve. Consequently, earnings increased and surpassed the consensus estimate. Separately, the company announced the acquisition of rival chipmaker Xilinx (XLNX). In the September quarter, revenues surged 56% year-over-year to $2.8 billion, which is also above the marketβs projection. Adjusted net income was $0.41 per share, compared to $0.18 per share in the third quarter of 2019. Analysts had predicted a slower bottom-line growth. Net income, including special items, jumped to $390 million or $0.32 per share from $120 million or $0.11 per share in the year-ago quarter. In a separate statement, the company said it signed an agreement to acquire Silicon Valley tech firm Xilinx, Inc. for $35 billion. The transaction, which is expected to close by the end of the calendar year 2021, will be immediately accretive to AMDβs margins, earnings, and free cash flow Corporate Participants: Ruth Cotter β Senior Vice President, Worldwide Marketing, Human Resources and Investor Relations Dr. Lisa Su β President and Chief Executive Officer Devinder Kumar β Senior Vice President, Chief Financial Officer and Treasurer Victor Peng β President and Chief Executive Officer of Xilinx, Inc. Analysts: Matt Ramsay β Cowen and Company β Analyst Vivek Arya β Bank of America Merrill Lynch β Analyst Toshiya Hari β Goldman Sachs β Analyst Stacy Rasgon β Bernstein Research β Analyst Mark Lipacis β Jefferies & Company β Analyst Joseph Moore β Morgan Stanley β Analyst John Pitzer β Credit Suisse β Analyst Hans Mosesmann β Rosenblatt Securities β Analyst Aaron Rakers β Wells Fargo β Analyst
Microsoft Corp. (MSFT) Q1 2021 Earnings Call
Microsoft Corp. (NASDAQ: MSFT) Q1 2021 earnings call dated Oct. 27, 2020 Transcript: Click here Infographic: Click here Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported higher revenues and earnings for the first quarter of 2021. The results also topped expectations and the software giantβs shares rose during the extended trading session. At $37.2 billion, first-quarter revenues were up 12% from the comparable period of fiscal 2020 and above analystsβ forecast. Server products and cloud services revenue avanced 22%, with Azure revenue gaining 48%. Net income came in at $13.9 billion or $1.82 per share in September-quarter, compared to $10.7 billion or $1.38 per share in the first quarter of 2020. The bottom-line also came in above estimates. Commenting on the results, Microsoftβs CEO Satya Nadella said, βThe next decade of economic performance for every business will be defined by the speed of their digital transformation. We are innovating across our full modern tech stack to help our customers in every industry improve time to value, increase agility, and reduce costs.β Corporate Participants: Michael Spencer β General Manager, Investor Relations Satya Nadella β Chief Executive Officer Amy Hood β Executive Vice President and Chief Financial Officer Analysts: Keith Weiss β Morgan Stanley β Analyst Heather Bellini β Goldman Sachs β Analyst Mark Moerdler β Bernstein Research β Analyst Phil Winslow β Wells Fargo β Analyst Karl Keirstead β UBS β Analyst Brent Thill β Jefferies β Analyst Keith Bachman β BMO β Analyst Brent Bracelin β Piper Sandler β Analyst
Eli Lilly & Co. (LLY) Q3 2020 Earnings Call
Eli Lilly & Co. (NYSE: LLY) Q3 2020 earnings call dated October 27, 2020 Dave Ricks, Lillyβs Chairman and CEO; Josh Smiley, Chief Financial Officer; Dr. Dan Skovronsky, Chief Scientific Officer; Anne White, President of Lilly Oncology; Patrik Jonsson, President of Lilly Bio-Medicines; and Mike Mason, President of Lilly Diabetes.
Pfizer Inc (PFE) Q3 2020 Financial Results Call
Pfizer (PFE) posts mixed results in Q3 Infographic: Click here October 27, 2020 Pfizer Inc (NYSE: PFE) reported third-quarter 2020 financial results before the opening bell on Tuesday. The pharmaceutical giant reported a 4% decline in Q3 revenues to $12.1 billion, which fell short of the Wall Street consensus. Earnings of $0.72 per share were, meanwhile a cent higher than what analysts had anticipated. PFE shares fell 0.2% immediately following the announcement. The stock has fallen 2.5% since the beginning of this year. CFO Frank DβAmelio said, βIn the first nine months of the year, our Biopharma business grew 7% operationally, despite a COVID-19-related negative impact of approximately 2%, driven by the strong performance of many of our key brands. This performance adds to our confidence in our ability to achieve our expectation of at least a 6% compound annual revenue growth rate through 2025 for New Pfizer.β Meanwhile, shares of Merck & Co., Inc. (NYSE: MRK) gained 1.65% after reporting Q3 earnings and sales that topped street targets.
JetBlue Airways (JBLU) Q3 2020 Earnings Results Call
JBLU Earnings: All you need to know about JetBlue Airways Q3 2020 earnings results October 27, 2020 JetBlue Airways Corporation (NASDAQ: JBLU) reported third quarter 2020 earnings results today. Total operating revenues declined 76% year-over-year to $492 million. The company reported a net loss of $393 million, or $1.44 per share, compared to net income of $187 million, or $0.63 per share, last year. Adjusted loss per share amounted to $1.75. The results were better than market expectations. Corporate Participants: David Fintzen β Vice President, Investor Relations Robin Hayes β Chief Executive Officer Joanna Geraghty β President and Chief Operating Officer Steve Priest β Chief Financial Officer Scott Laurence β Head of Revenue and Planning Analysts: Jamie Baker β J.P. Morgan β Analyst Duane Pfennigwerth β Evercore ISI β Analyst Catherine OβBrien β Goldman Sachs β Analyst Darryl Genovesi β Vertical Research Partners β Analyst Helane Becker β Cowen and Company β Analyst Brandon Oglenski β Barclays β Analyst Savanthi Syth β Raymond James & Associates β Analyst Joseph DeNardi β Stifel β Analyst Myles Walton β UBS β Analyst Michael Linenberg β Deutsche Bank β Analyst
Merck & Co. Inc. (MRK) Q3 2020 Earnings Call
Merck & Co. Inc. (NYSE: MRK) Q3 2020 earnings call dated Oct. 27, 2020 Infographic: Click here Transcript: Click here Merck & Co., Inc. (NYSE: MRK) reported stronger than expected earnings and sales for the third quarter of 2020. The companyβs stock gained early Tuesday immediately after the announcement. Worldwide sales edged up 1% year-over-year to $12.55 billion and far exceeded expectations. Excluding foreign exchange impacts, sales grew 2%. The top-line benefitted from strength in the oncology and human health vaccines. Net earnings, on an adjusted basis, rose to $1.74 per share from $1.51 per share in the third quarter of 2019 and surpassed the marketβs forecast. Unadjusted net income advanced to $2.94 billion or $1.16 per share from $1.90 billion or $0.74 per share last year.
Hasbro Inc. (HAS) Q3 2020 Earnings Call
Hasbro Inc. (NASDAQ: HAS) Q3 2020 earnings call dated Oct. 26, 2020 Transcript: Click here Infographic: Click here Net revenues fell 4% year-over-year to $1.78 billion. Net income was $220.9 million, or $1.61 per share, versus $216.5 million, or $1.57 per share, in the same period last year. Adjusted net earnings were $258.9 million, or $1.88 per share. Corporate Participants: Debbie Hancock β Senior Vice President, Investor Relations Brian D. Goldner β Chairman of the Board and Chief Executive Officer Deborah M. Thomas β Executive Vice President & Chief Financial Officer Analysts: Stephanie Wissink β Jefferies β Analyst Eric Handler β MKM Partners β Analyst Felicia R. Hendrix β Barclays Capital Inc. β Analyst Arpine H. Kocharyan β UBS Securities LLC β Analyst Dave Beckel β Berenberg Capital Markets β Analyst Tami Zakaria β J.P. Morgan β Analyst Drew E. Crum β Stifel Nicolaus β Analyst Michael Ng β Goldman Sachs β Analyst Devin Brisco β Bank of America Merrill Lynch β Analyst Gerrick L. Johnson β BMO Capital Markets β Analyst Jim Chartier β Monness Crespi Hardt β Analyst
Abbott Laboratories (ABT) Q3 2020 Earnings Call
Abbott Laboratories (NYSE: ABT) Q3 2020 earnings call dated Oct. 21, 2020 Transcript: Click here Infographic: Click here Abbott (NYSE: ABT) today announced its third quarter financial results for the period ended September 30, 2020. Net earnings for the third quarter was $1.23 billion, or $0.69 per share, compared to net earnings of $960 million, or $0.53 per share in the third quarter of 2019. Total net sales increased 10% to $8.9 billion. Corporate Participants: Scott Leinenweber β Vice President of Investor Relations, Licensing and Acquisitions Robert B. Ford β President and Chief Executive Officer Robert E. Funck β Executive Vice President of Finance and Chief Financial Officer Analysts: David Lewis β Morgan Stanley β Analyst Vijay Kumar β Evercore ISI β Analyst Robbie Marcus β JPMorgan β Analyst Larry Biegelsen β Wells Fargo β Analyst Bob Hopkins β Bank of America β Analyst Joanne Wuensch β Citigroup β Analyst Josh Jennings β Cowen and Company β Analyst
Biogen Inc. (BIIB) Q3 2020 Earnings Call
Biogen Inc. (NASDAQ: BIIB) Q3 2020 earnings call dated Oct. 21, 2020 Transcript: Click here Infographic: Click here Biogen tops market estimates in Q3, lowers guidance. Biogen (NASDAQ: BIIB) reported third-quarter 2020 financial results before the opening bell on Wednesday. The biotechnology giant reported a 6% decline in Q3 revenues to $3.38 billion, beating the Wall Street consensus. Earnings of $8.84 per share were also stronger than what analysts had anticipated. Corporate Participants: Joe Mara β Head of Investor Relations Michel Vounatsos β Chief Executive Officer Alfred W. Sandrock, Jr. β Executive Vice President Research & Development Michael McDonnell β Executive Vice President Chief Financial Officer Analysts: Terence Flynn β Goldman Sachs β Analyst Marc Goodman β SVB Leerink β Analyst Matthew Harrison β Morgan Stanley β Analyst Umer Raffat β Evercore ISI β Analyst Evan Seigerman β Credit Suisse β Analyst Phil Nadeau β Cowen & Company β Analyst Michael Yee β Jefferies β Analyst Cory Kasimov β JPMorgan β Analyst Ronny Gal β Bernstein β Analyst Geoff Meacham β Bank of America β Analyst Sumant Kulkarni β Canaccord β Analyst Jay Olson β Oppenheimer β Analyst Brian Abrahams β RBC Capital Markets β Analyst
Texas Instruments Inc. (TXN) Q3 2020 Earnings Call
Texas Instruments Inc. (NASDAQ: TXN) Q3 2020 earnings call dated Oct. 20, 2020 Corporate Participants: Dave Pahl β Vice President and Head of Investor Relations Rafael R. Lizardi β Senior Vice President, Chief Financial Officer and Chief Accounting Officer, Finance & Operations Analysts: Toshiya Hari β Goldman Sachs β Analyst Craig Hettenbach β Morgan Stanley β Analyst Stacy Rasgon β Bernstein Research β Analyst Timothy Arcuri β UBS β Analyst Harlan Sur β JPMorgan β Analyst John Pitzer β Credit Suisse β Analyst Ross Seymore β Deutsche Bank β Analyst Tore Svanberg β Stifel β Analyst Ambrish Srivastava β BMO β Analyst
Intel Corp. (INTC) Q3 2020 Earnings Call
Intel Corp. (NASDAQ: INTC) Q3 2020 earnings call dated Oct. 22, 2020 Transcript: Click here Infographic: Click here INTC Earnings: All you need to know about Intel Q3 2020 earnings results. Revenue fell 4% year-over-year to $18.3 billion. GAAP net income decreased 29% to $4.3 billion while EPS dropped 25% to $1.02. Adjusted EPS fell 22% to $1.11. For the fourth quarter of 2020, Intel expects revenues of approx. $17.4 billion, GAAP EPS of $1.02 and adjusted EPS of $1.10. For full-year 2020, revenues are estimated to be approx. $75.3 billion while GAAP EPS is projected to be $4.55 and adjusted EPS is expected to be $4.90. Corporate Participants: Trey Campbell β Vice President of Finance and Director of Investor Relations Robert H. Swan β Chief Executive Officer George S. Davis β Chief Financial Officer Analysts: Timothy Arcuri β UBS β Analyst Harlan Sur β JPMorgan β Analyst Blayne Curtis β Barclays β Analyst John Pitzer β Credit Suisse β Analyst Joe Moore β Morgan Stanley β Analyst Tristan Gerra β Baird β Analyst Pierre Ferragu β New Street Research β Analyst Chris Danely β Citi β Analyst
Affiliated Managers Group Inc. (NYSE: AMG) Q3 2020 Earnings Call
Corporate Participants: Anjali Aggarwal β Head of Investor Relations Jay C. Horgen β President and Chief Executive Officer Thomas M. Wojcik β Chief Financial Officer Analysts: Robert Lee β Keefe, Bruyette & Woods β Analyst Christopher Shutler β William Blair β Analyst Dan Fannon β Jefferies β Analyst Alexander Blostein β Goldman Sachs β Analyst Brian Bedell β Deutsche Bank β Analyst William Katz β Citigroup β Analyst Patrick Davitt β Autonomous Research β Analyst Michael Carrier β Bank of America Merrill Lynch β Analyst
Twilio Inc. (TWLO) Q3 2020 Earnings Call
Twilio Inc. (NYSE: TWLO) Q3 2020 earnings call dated Oct. 26, 2020 Earnings: Twilio (TWLO) reports surprise profit for Q3; revenues beat. Twilio Inc. (NASDAQ: TWLO) reported higher earnings for the third quarter of 2020, contrary to expectations for a loss. The bottom-line benefitted from a 52% growth in revenues, which also topped the Street view. The companyβs stock dropped on Monday evening, immediately after the announcement. The cloud communications platform reported adjusted earnings of $0.04 per share for the September-quarter, compared to $0.03 per share in the same period of last year. Analysts had forecast a loss for the latest quarter. On a reported basis, it was a net loss of $116.9 million or $0.79 per share, compared to last yearβs loss of $87.7 million or $0.64 per share. Corporate Participants: Andrew Zilli β Vice President of Investor Relations and Treasurer Jeff Lawson β Founder, Chief Executive Officer, & Chairman George Hu β Chief Operating Officer Khozema Shipchandler β Chief Financial Officer Analysts: Meta Marshall β Morgan Stanley β Analyst Nikolay Beliov β Bank of America β Analyst Michael Turrin β Wells Fargo β Analyst Matt Stotler β William Blair β Analyst Derrick Wood β Cowen & Company β Analyst Alex Kurtz β KeyBanc β Analyst Rishi Jaluria β D.A. Davidson & Company β Analyst Ittai Kidron β Oppenheimer & Company β Analyst Alex Zukin β RBC β Analyst Brent Bracelin β Piper Sandler β Analyst Mark Murphy β JPMorgan β Analyst Will Power β Baird β Analyst Siti Panigrahi β Mizuho β Analyst
Alaska Air Group Inc (ALK) Q3 2020 Earnings Call
Alaska Air Group is a Washington-based company which operates the low-cost carrier Alaska Airlines, which has hubs in Seattle, San Francisco, Los Angeles and Oregon, along with Horizon Air. The company has a market cap of $4.63 billion. Corporate Participants: Emily Halverson β Director, Investor Relations Brad Tilden β Chairman and Chief Executive Officer Ben Minicucci β President of Alaska Airlines Shane Tackett β Executive Vice President Finance and Chief Financial Officer of Alaska Air Group Andrew Harrison β Executive Vice President and Chief Commercial Officer of Alaska Airlines Nathaniel Pieper β Senior Vice President of Fleet, Finance and Alliances, and Treasurer Diana Birkett Rakow β Vice President, External Relations Kyle Levine β Senior Vice President of Legal and General Counsel Chris Berry β Vice President, Finance and Controller Analysts: Joseph DeNardi β Stifel β Analyst Savanthi Syth β Raymond James β Analyst Hunter Keay β Wolfe Research β Analyst Jamie Baker β JP Morgan β Analyst Catherine OβBrien β Goldman Sachs β Analyst Helane Becker β Cowen β Analyst Duane Pfennigwerth β Evercore ISI β Analyst Michael Linenberg β Deutsche Bank β Analyst Brandon Oglenski β Barclays β Analyst Darryl Genovesi β Vertical Research β Analyst Myles Walton β UBS β Analyst
American Airlines Group Inc (AAL) Q3 2020 Earnings Call
American Airlines Group Inc (NASDAQ: AAL) Q3 2020 earnings call dated Oct. 22, 2020 Will preserving liquidity help American Airlines (AAL) land safely post-crisis? Looks to leverage the modest improvement in passenger traffic and drive recovery by ensuring safety and eliminating certain fees.After several months of disruption and substantial losses, the airline industry is still looking at a bleak future as far as resuming normal operations is concerned. The COVID crisis could not have come at a worse time as the companies were already reeling under issues like the 737 MAX grounding and growing competition. American Airlines (NASDAQ: AAL), one of the worst-hit aviation firms, lost significant market value after the dismal travel demand clipped its wings a few months ago. Corporate Participants: Daniel Cravens β Managing Director of Investor Relations Doug Parker β Chairman and Chief Executive Officer Robert Isom β President Derek Kerr β Executive Vice President and Chief Financial Officer Analysts: Brandon Oglenski β Barclays β Analyst Vasu Raja β Chief Revenue Officer Mike Linenberg β Deutsche Bank β Analyst Joe DeNardi β Stifel Nicolaus β Analyst Helane Becker β Cowen Securities β Analyst Hunter Keay β Wolfe Research β Analyst Alison Taylor β Chief Customer Officer; Jamie Baker β J.P. Morgan β Analyst David Vernon β Bernstein β Analyst Joe Caiado β Credit Suisse β Analyst Duane Pfennigwerth β Evercore β Analyst Andrew Didora β Bank of America β Merrill Lynch β Analyst Alison Sider β Wall Street Journal β Analyst Leslie Josephs β CNBC β Analyst David Koenig β Associated Press β Analyst Justin Bachman β Bloomberg β Analyst Edward Russell β TPG β Analyst Kyle Arnold β Dallas Morning News β Analyst
Southwest Airlines Co. (LUV) Q3 2020 Earnings Call
Southwest Airlines Co. (NYSE: LUV) Q3 2020 earnings call dated Oct. 22, 2020 Southwest Airlines (LUV) expects business travel to remain down well into next year Fuel price is expected to range from $1.20-1.30 per gallon in the fourth quarter versus $2.09 per gallon in the same period a year ago Shares of Southwest Airlines Co. (NYSE: LUV) were up over 2% in afternoon hours on Friday. The stock has gained 35% over the past three months. The company reported better-than-expected results on Thursday and shared its demand outlook. Southwest expects to see better revenues and lower costs in the fourth quarter compared to Q3 and the company is looking to unblock the middle seats from the start of December which should help absorb the 50% increase in seats offered for sale as demand improves. Operating revenues fell 68% year-over-year to $1.8 billion and adjusted loss amounted to $1.99 per share compared to EPS of $1.23 last year. The company saw revenues decline across all of its segments with passenger revenue dropping 72%. Demand and bookings were hindered at the beginning of the quarter by the effects of the COVID-19 pandemic. July revenues dropped 71% year-over-year and capacity was down 31%. The trend improved slightly in August with the revenue decline at 69% and capacity down 27%. September saw revenues drop 66% while capacity was down 41% as the airline reduced its schedules to rightsize its capacity for post-summer demand. Corporate Participants: Ryan Martinez β Managing Director Investor Relations Gary C. Kelly β Chairman of the Board and Chief Executive Officer Michael G. Van de Ven β Chief Operating Officer Tom Nealon β President Tammy Romo β Executive Vice President and Chief Financial Officer Andrew Watterson β Executive Vice President and Chief Commercial Officer Mark Shaw β Executive Vice President, Chief Legal and Regulatory Officer Linda Rutherford β Senior Vice President and Chief Communications Officer Analysts: Myles Walton β UBS Equities β Analyst Duane Pfennigwerth β Evercore Partners β Analyst Helane Becker β Cowen Securities β Analyst Hunter Keay β Wolfe Research β Analyst Joseph DeNardi β Stifel β Analyst Jamie Baker β J. P. Morgan Securities Inc. β Analyst Kyle Arnold β Dallas Morning News β Analyst Alison Sider β Wall Street Journal β Analyst Tracy Rucinski β Reuters β Analyst Mary Schlangenstein β Bloomberg News β Analyst David Koenig β The Associated Press β Analyst Dawn Gilbertson β USA Today β Analyst Robert Silk β Travel Weekly β Analyst
Chipotle Mexican Grill, Inc. (CMG) Q3 2020 Earnings Call
Chipotle Mexican Grill, Inc. (NYSE: CMG) Q3 2020 earnings call dated Oct. 21, 2020 Chipotle Mexican Grill (NYSE: CMG) reported third-quarter 2020 financial results after the closing bell on Wednesday. The restaurant chain reported a 14% rise in Q3 revenues to $1.6 billion, narrowly beating the Wall Street consensus. Earnings of $3.76 per share were also stronger than what analysts had anticipated. CMG shares fell 5.8% immediately following the announcement. The stock has gained 58% since the beginning of this year. Corporate Participants: Ashish Kohli β Investor Relations Brian Niccol β Chairman and Chief Executive Officer John R. Hartung β Chief Financial Officer Analysts: David Palmer β Evercore ISI β Analyst Katherine Fogertey β Goldman Sachs β Analyst David Tarantino β Robert W. Baird & Co. β Analyst Jon Tower β Wells Fargo Securities , LLC β Analyst Andrew Charles β Cowen and Company β Analyst Nicole Miller Regan β Piper Sandler & Co. β Analyst Sharon Zackfia β William Blair & Company β Analyst Jeff Bernstein β Barclays Capital β Analyst Peter Saleh β BTIG β Analyst Dennis Geiger β UBS β Analyst Sara Senatore β Bernstein Research β Analyst Lauren Silberman β Credit Suisse β Analyst Greg Francfort β Bank of America Merrill Lynch β Analyst Andrew Barish β Jefferies β Analyst
Tesla, Inc. (TSLA) Q3 2020 Earnings Call with Elon Musk
Tesla (TSLA) stock gains after Q3 results beat Street view Elon Musk β "Q3 was our best quarter in history. We achieved record production deliveries, record revenue, record net income, both GAAP and non-GAAP and record free cash flow of $1.4 billion. This is really due to the amazing execution by the Tesla team. I could not be more proud to work with such a great group of people. Just really kickass performance across β throughout the world" October 21, 2020 Transcript: Click here Infographic: Click here Electric car maker Tesla Inc. (NASDAQ: TSLA) reported stronger-than-expected earnings and revenues for the third quarter of 2020 despite the disruption caused by coronavirus. The companyβs stock gained 10% on Wednesday evening soon after the announcement. The Silicon Valley tech firm reported adjusted earnings of $0.76 per share for the September-quarter, compared to $0.37 per share last year. On an unadjusted basis, net income was $331 million or $0.27 per share, up from $143 million or $0.16 per share recorded in the third quarter of 2019. Analysts were expecting a lower bottom-line number for the most recent quarter. Driving the earnings growth, revenues jumped 39% annually to $8.77 billion and exceeded the forecast. Teslaβs stock closed Wednesdayβs regular trading higher and continued to gain during the extended session. Corporate Participants: Martin Viecha β Head of Investor Relations Elon Musk β Chief Executive Officer Zachary Kirkhorn β Chief Financial Officer RJ Johnson β Senior Director, Energy Andrew Baglino β Senior Vice President, Powertrain and Energy Engineering Carl Peterson β Solar Roof Engineering and Installation Analysts: Rod Lache β Wolfe Research, LLC β Analyst Colin Rusch β Oppenheimer & Co. Inc. β Analyst Adam Jonas β Morgan Stanley β Analyst Pierre Ferragu β New Street Research β Analyst Dan Levy β Credit Suisse β Analyst Gene Munster β Loup Ventures β Analyst Benjamin Kallo β Robert W. Baird & Co. β Analyst Philippe Houchois β Jefferies LLC β Analyst
Netflix Inc (NFLX) Q3 2020 Earnings Call
Netflix Inc (NASDAQ: NFLX) Q3 2020 earnings call dated Oct. 20, 2020 Infographic: Netflix (NFLX) adds 2.2 mln subscribers in Q3; stock falls on earnings miss October 20, 2020 Video streaming giant Netfllix Inc. (NASDAQ: NFLX) reported a 23% growth in third-quarter revenues as it continued to expand the subscriber base. Earnings increased but missed Wall Streetβs prediction and the companyβs stock dropped on Tuesday evening following the announcement. At 195.15 million, the number of global paid members was up 23% from the year-ago period but below the consensus forecast. Total revenues surged 23% annually to $6.44 billion and topped the Street view. Stay tuned to read management/analystsβ comments on Netflixβs Q3 results Third-quarter net income was $790 million or $1.74 per share, compared to $665.2 million or $1.47 per share last year. However, earnings missed the estimates. Netflixβs stock dropped during Tuesdayβs extended trading session, after closing the regular session lower. Corporate Participants: Spencer Wang β Vice President of Finance, Corporate Development and Investor Relations Spencer Neumann β Chief Financial Officer Reed Hastings β Founder and Co-Chief Executive Officer Greg Peters β Chief Operating Officer and Chief Product Officer Ted Sarandos β Co-Chief Executive Officer and Chief Content Officer Analysts: Kannan Venkateshwar β Barclays Bank PLC β Analyst
Lockheed Martin Corp. (LMT) Q3 2020 Earnings Call
Lockheed Martin Corp. (NYSE: LMT) Q3 2020 earnings call dated Oct. 20, 2020 Transcript: Click here Infographic: Click here Aerospace company Lockheed Martin (NYSE: LMT) Tuesday said its sales increased 9% in the third quarter, driving up net profit. The top-line also came in above the marketβs prediction. The stock made modest gains soon after the announcement. In a sign that the virus-related disruption did not affect orders materially, net sales rose 8.6% from last year to $16.5 billion in the September-quarter. It is above the consensus estimate. In the most recent quarter, earnings rose to $1.7 billion or $6.05 per share from $1.6 billion or $5.66 per share in the third quarter of 2019. The bottom-line was slightly below the Street view. Corporate Participants: Greg Gardner β Vice President of Investor Relations James D. Taiclet β Chairman, President and Chief Executive Officer Kenneth R. Possenriede β Chief Financial Officer Analysts: Sheila Kahyaoglu β Jefferies β Analyst Myles Walton β UBS β Analyst Richard Safran β Seaport Global Securities β Analyst Noah Poponak β Goldman Sachs β Analyst Ron Epstein β Bank of America Merrill Lynch β Analyst Cai von Rumohr β Cowen & Company β Analyst Doug Harned β Bernstein β Analyst Jon Raviv β Citi Investment Research β Analyst Seth Seifman β JPMorgan β Analyst
Snap Inc. (SNAP) Q3 2020 Earnings Call
Snap Inc. (NYSE: SNAP) Q3 2020 earnings call dated Oct. 20, 2020 Revenues increased 52% year-over-year to $679 million. Net loss amounted to $200 million, or $0.14 per share, compared to $227 million, or $0.16 per share, last year. The company reported adjusted EPS of $0.01 versus a loss of $0.04 last year. Daily active users rose by 18% year-over-year to 249 million. Due to the uncertainty related to the COVID-19 pandemic, the company is not providing any guidance Corporate Participants: Betsy Miller Frank β Head of Investor Relations Evan Spiegel β Chief Executive Officer Jeremi Gorman β Chief Business Officer Derek Andersen β Chief Financial Officer Analysts: Ross Sandler β Barclays β Analyst Doug Anmuth β JPMorgan β Analyst Michael Levine β Pivotal Research Group β Analyst Heath Terry β Goldman Sachs β Analyst Rich Greenfield β LightShed Partners β Analyst Justin Post β Bank of America Merrill Lynch β Analyst Eric Sheridan β UBS β Analyst Brian Nowak β Morgan Stanley β Analyst Mark Shmulik β Bernstein β Analyst
Procter & Gamble Co (PG) Q1 2021 Earnings Call
Procter & Gamble Co (NYSE: PG) Q1 2021 earnings call dated Oct. 20, 2020 Click here for Transcript Click here for Earnings Infographic Jon R. Moeller β Vice Chairman, Chief Operating Officer and Chief Financial Officer
Zions Bancorporation (ZION) Q3 2020 Earnings Call
Zions Bancorporation (NASDAQ: ZION) Q3 2020 earnings call dated Oct. 19, 2020. Zions Bancorporationβs Third Quarter 2020 Earnings Results Webcast. Transcript link: CEO: "we are generally pleased with the overall results for the quarter. Earnings per share are back to a level experienced throughout much of 2019. Although, revenue has declined somewhat from what experienced then. Our non-interest expenses declined moderately, resulting in adjusted pre-provision net revenue, excluding the charitable contribution we made during the quarter of pre-provision net revenue of $297 million, which is actually somewhat stronger than the quarterly average in 2019. Additionally with the diluted shares have declined by about 17% from the levels in early 2019, which is the result of share repurchases prior to the pandemic and the expiration of warrants earlier this year." Corporate Participants: James R. Abbott β Senior Vice President, Investor Relations and External Communications Harris H. Simmons β Chairman and Chief Executive Officer Scott J. McLean β President and Chief Operating Officer Keith D. Maio β Executive Vice President, Chief Risk Officer Michael Morris β Executive Vice President, Chief Credit Officer Paul E. Burdiss β Chief Financial Officer Analysts: Dave Rochester β Compass Point β Analyst Ken Zerbe β Morgan Stanley β Analyst John Pancari β Evercore ISI β Analyst Steve Moss β B. Riley Securities β Analyst Ken Usdin β Jefferies β Analyst Steven Alexopoulos β JPMorgan β Analyst Brock Vandervliet β UBS β Analyst Jennifer Demba β SunTrust Securities β Analyst Erika Najarian β Bank of America β Analyst
International Business Machines Corporation (IBM) Q3 2020 Earnings Call
International Business Machines Corporation (NYSE: IBM) Q3 2020 earnings call dated Oct. 19, 2020 Tech giant IBM Corp. (NYSE: IBM) on Monday said its third-quarter revenues and profit declined, hurt mainly by the disruption caused by the pandemic. The top-line, however, surpassed expertsβ prediction, while earnings matched. Consequently, adjusted earnings declined to $2.58 per share in the September-quarter from $2.68 per share in the same period of fiscal 2019. Net profit was $1.70 billion or $1.89 per share, up from last yearβs income of $1.67 billion or $1.87 per share. The outcome was in line with analystsβ forecast. Infograph: https://news.alphastreet.com/earnings-ibm-corp-nyse-ibm-reports-q3-2020-financial-results/ Transcript: https://news.alphastreet.com/international-business-machines-corporation-ibm-q3-2020-earnings-call-transcript/ Corporate Participants: Patricia Murphy β Vice President of Investor Relations Arvind Krishna β Chief Executive Officer James J. Kavanaugh β Chief Financial Officer and Senior Vice President, Finance and Operations Analysts: Matt Cabral β Credit Suisse β Analyst Tien-Tsin Huang β JPMorgan β Analyst Toni Sacconaghi β Bernstein β Analyst Wamsi Mohan β Bank of America β Analyst Katy Huberty β Morgan Stanley β Analyst
Halliburton Company (HAL) Q3 2020 Earnings Call
Halliburton Company (NYSE: HAL) Q3 2020 earnings call dated Oct. 19, 2020 Transcript Link: https://news.alphastreet.com/halliburton-company-hal-q3-2020-earnings-call-transcript/ Total revenue fell 47% year-over-year to $2.9 billion. GAAP net loss attributable to the company was $17 million, or $0.02 per share, compared to earnings of $295 million, or $0.34 per share, last year. Adjusted net income was $100 million or $0.11 per share.