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May 24, 2022

quarter

Dividend payouts hit first quarter record, but outlook rocky

Reuters
U.S. one dollar banknotes are seen in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration//File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, May 24 (Reuters) – Mining and oil firms led an 11% jump in dividend payouts to a first-quarter record of $302.5 billion, according to......

Flowers Foods cuts guidance after strong quarter

FoodBusinessNews
THOMASVILLE, GA. — After generating record results in the first quarter 2022, Flowers Foods, Inc. anticipates headwinds in the second and third quarters and has lowered its earnings guidance for the year. Flowers Foods net income in the quarter ended April 23 was $85.6 million, equal to 40¢ per share......

Butler-led Heat ride 39-14 third quarter to G1 win

ESPN
1:37 AM ET Tim BontempsESPN MIAMI — The Boston Celtics exited their locker room at halftime Tuesday night in control of Game 1 of the Eastern Conference finals. But then the third quarter happened. And, after the Miami Heat demolished the Celtics, outscoring them 39-14 and using their physicality to......

Japan’s Nikkei 225 rises 1% after data shows economy shrank less than expected in the first quarter

CNBC
CNBC – For more and to sign up click here SINGAPORE — Shares in Asia-Pacific rose in Wednesday morning trade as investors watch for market reaction to comments from U.S. Federal Reserve Chairman Jerome Powell on his resolve to raise rates till inflation comes down. The Nikkei 225 in Japan......

Walmart’s lousy quarter has us looking to exit our position in the retailer

CNBC
CNBC – For more and to sign up click here We aren’t very interested in waiting around for management to show us that they can turn things around. So we’re downgrading the stock to a 3 rating. Source – Click here for more To Return to the Main Aggregate News......

Oil giant Aramco reports record first quarter as oil prices soar

CNBC
CNBC – For more and to sign up click here Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly......

Warriors Close Fourth Quarter Strong to Eliminate Grizzlies, Advance to Conference Finals

Sports Illustrated
http://www.si.com/.image/c_limit%2Ccs_srgb%2Cfl_progressive%2Ch_1200%2Cq_auto:good%2Cw_1200/MTg5NDY2OTUxNDE4OTE0NDAx/klay.jpg Mike McDaniel After an injury-plagued last couple of seasons, the Warriors looked like the championship team of old on Friday night, as they used a dominant offensive stretch in the fourth quarter to pull away from the Grizzlies, 110–96, to advance to the Western Conference Finals for the first......

Peloton took $182 million impairment charge last quarter as inventories piled up

CNBC
CNBC – For more and to sign up click here A Peloton stationary bike for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton‘s goodwill took a $182 million hit in its previous fiscal quarter as inventory......

We’re adding to another tech stock that had a strong quarter, a favorite earnings strategy of ours

CNBC
CNBC – For more and to sign up click here In addition to the positive headline numbers, the underlying dynamics of the company’s business confirmed the CEO’s narrative. Source – Click here for more To Return to the Main Aggregate News Page – click here...

Wynn Resorts’ strong quarter in Vegas, Boston was wiped out by Covid restrictions in Macao

CNBC
CNBC – For more and to sign up click here The biggest question for Wynn continues to be about China’s unsustainable zero Covid policy. Source – Click here for more To Return to the Main Aggregate News Page – click here...

Novavax posts first profitable quarter as Covid vaccine rolls out around the world

CNBC
CNBC – For more and to sign up click here Novavax on Monday reported its first profitable quarter as its Covid vaccine rolls out across several countries around the world, though the company still missed earnings and revenue expectations. Novavax reported net income of $203 million in the first quarter,......

Belgium’s Solvay hikes 2022 profit forecast after 1st quarter beat

Reuters
The logo of Belgian chemical group Solvay is seen at its headquarters in Brussels, Belgium, July 29, 2015. REUTERS/Francois Lenoir Register now for FREE unlimited access to Reuters.com Register May 4 (Reuters) – Solvay SA (SOLB.BR) on Wednesday raised its full-year core profit forecast after the Belgian chemicals group reported......

Chipmaker AMD posts amazing quarter, gains share despite supply chain challenges

CNBC
CNBC – For more and to sign up click here Advanced Micro Devices reported first-quarter results that easily beat expectations Tuesday after the bell. Source – Click here for more To Return to the Main Aggregate News Page – click here...

Pfizer reports combined sales of $15 billion for Covid vaccine and antiviral treatment in first quarter

CNBC
CNBC – For more and to sign up click here Albert Bourla, chief executive officer of Pfizer pharmaceutical company, arrives to ring the closing bell at the New York Stock Exchange. Drew Angerer | Getty Images Pfizer beat on its top and bottom line in its first quarter earnings report,......

Devon Energy’s mixed quarter comes with its unwavering commitment to shareholder returns

CNBC
CNBC – For more and to sign up click here Pump it, print it, pay it: That was the plan when we initiated our position in Devon Energy back in January, and it remains the plan now. Source – Click here for more To Return to the Main Aggregate News......

Berkshire earnings decline in the first quarter on slowing economic growth, stock market pullback

CNBC
CNBC – For more and to sign up click here Warren Buffett Gerry Miller | CNBC Warren Buffett’s Berkshire Hathaway reported Saturday a decline in first-quarter earnings, as the conglomerate was not immune to a slowing U.S. economy. The company’s net earnings came in at $5.46 billion, down more than......

AbbVie disappoints for the quarter as several promising drugs come up short

CNBC
CNBC – For more and to sign up click here This was a letdown from Abbvie because some key products that are expected to drive the company’s growth missed the mark. Source – Click here for more To Return to the Main Aggregate News Page – click here...

Chevron’s mixed quarter doesn’t tell the full story of why we own the stock

CNBC
CNBC – For more and to sign up click here Shares were under pressure on Friday’s release, but we believe further weakness in Chevron would be a buying opportunity. Source – Click here for more To Return to the Main Aggregate News Page – click here...

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