MicroStrategy Inc. Q3 Loss decreases, but misses estimates

Mondelez International, Inc. Q3 Profit Decreases, but beats estimates

Mondelez International, Inc. (MDLZ) revealed a profit for third quarter that decreased from the same period last year but beat the Street estimates.

The company’s earnings came in at $532 million, or $0.39 per share. This compares with $1.26 billion, or $0.89 per share, in last year’s third quarter.

Excluding items, Mondelez International, Inc. reported adjusted earnings of $1.02 billion or $0.74 per share for the period.

Analysts on average had expected the company to earn $0.69 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 8.1% to $7.76 billion from $7.18 billion last year.

Mondelez International, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $532 Mln. vs. $1.26 Bln. last year.
-EPS (Q3): $0.39 vs. $0.89 last year.
-Analyst Estimates: $0.69
-Revenue (Q3): $7.76 Bln vs. $7.18 Bln last year.

Blucora Inc. Q3 Loss Decreases, but misses estimates

Blucora Inc. (BCOR) reported Loss for third quarter that decreased from the same period last year but missed the Street estimates.

The company’s earnings came in at -$21.8 million, or -$0.46 per share. This compares with -$27.8 million, or -$0.57 per share, in last year’s third quarter.

Excluding items, Blucora Inc. reported adjusted earnings of -$9.8 million or -$0.20 per share for the period.

Analysts on average had expected the company to earn -$0.16 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 1.4% to $171.7 million from $174.2 million last year.

Blucora Inc. earnings at a glance (GAAP) :

-Earnings (Q3): -$21.8 Mln. vs. -$27.8 Mln. last year.
-EPS (Q3): -$0.46 vs. -$0.57 last year.
-Analyst Estimates: -$0.16
-Revenue (Q3): $171.7 Mln vs. $174.2 Mln last year.

-Guidance:
Full year EPS guidance: $1.75 – $1.84
Full year revenue guidance: $909.0 – $915.0 Mln

Advanced Micro Devices Lowers FY22 Revenue Outlook

While reporting its results for the third quarter on Tuesday, Advanced Micro Devices, Inc. (AMD) lowered its revenue outlook for the full year 2022.

For the full year 2022, AMD now expects revenue to be approximately $23.5 billion, plus or minus $300 million, an increase of approximately 43% over 2021.

Analysts polled by Thomson Reuters currently estimate revenues of $23.88 billion for the quarter.

Previously, the company expected revenues to be about $26.3 billion, plus or minus $300 million, an increase of approximately 60% over 2021.

AMD now expects adjusted gross margin to be about 52% for 2022, down from prior estimate of about 54%.

Devon Energy Q3 Profit Rises, Beats Street View

Devon Energy Corp. (DVN) on Tuesday posted higher earnings in the third quarter, which came in better than the Street view. The company also lifted its production forecast for the fourth quarter.

The company posted third-quarter earnings of $1.9 billion or $2.88 per share, higher than $838 million or $1.24 per share in the same period last year. Excluding items, core earnings came in at $1.4 billion or $2.18 per share in the three-month period.

The company’s total revenues climbed to $5.43 billion from $3.47 billion a year ago.

On average, 22 analysts polled by Thomson Reuters expected the company to post earnings of $2.13 per share on revenues of $4.95 billion in the third quarter.

Due to the impact of acquisitions, Devon is revising its production forecast higher in the fourth quarter to a range of 640,000 to 660,000 Boe per day, a 6 percent increase compared to the year-ago quarter. This fourth-quarter volume growth will be driven by 35,000 Boe per day of incremental production from the company’s Eagle Ford acquisition.

Advanced Energy Industries Inc Q3 Profit Increases, beats estimates

Advanced Energy Industries Inc (AEIS) released a profit for its third quarter that increased from the same period last year and beat the Street estimates.

The company’s earnings totaled $74.2 million, or $1.97 per share. This compares with $21.0 million, or $0.55 per share, in last year’s third quarter.

Excluding items, Advanced Energy Industries Inc reported adjusted earnings of $2.12 per share for the period.

Analysts on average had expected the company to earn $1.38 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 49.2% to $516.3 million from $346.1 million last year.

Advanced Energy Industries Inc earnings at a glance (GAAP) :

-Earnings (Q3): $74.2 Mln. vs. $21.0 Mln. last year.
-EPS (Q3): $1.97 vs. $0.55 last year.
-Analyst Estimate: $1.38
-Revenue (Q3): $516.3 Mln vs. $346.1 Mln last year.

MicroStrategy Inc. Q3 Loss decreases, but misses estimates

MicroStrategy Inc. (MSTR) reported Loss for third quarter that decreased from last year but missed the Street estimates.

The company’s earnings came in at -$27.1 million, or -$2.39 per share. This compares with -$36.1 million, or -$3.61 per share, in last year’s third quarter.

Analysts on average had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 2.0% to $125.4 million from $128.0 million last year.

MicroStrategy Inc. earnings at a glance (GAAP) :

-Earnings (Q3): -$27.1 Mln. vs. -$36.1 Mln. last year.
-EPS (Q3): -$2.39 vs. -$3.61 last year.
-Analyst Estimates: $0.27
-Revenue (Q3): $125.4 Mln vs. $128.0 Mln last year.