After the bell this Tuesday, we are seeing lots of earnings reports hitting the tape. Microsoft (MSFT - Free Report) , United Airlines (UAL - Free Report) and Discover Financial (DFS - Free Report) all posted quarterly results, with positive performances if somewhat varied.
Microsoft pulled off an early win in the aftermarket with a 19% positive earnings surprise in its fiscal Q4, posting 69 cents per share on $22.64 billion in revenues. These figures topped the 58 cents per share and $22.11 billion, and pushed year-over-year revenues into positive territory for the software giant.
Cloud computing was up 7%, Office software up 5% and Services revenue up 9%. But it was its global data center platform Azure that performed strongest: +102% in Microsoft's Q4. For more on Microsoft's earnings, click here.
United also soared past expectations on both top and bottom lines this afternoon: $2.61 per share beat the $2.53 consensus estimate, and sales of $9.4 billion marginally improved on the $9.3 billion expected. The Chicago-based airline major also bought back 4.4% of shares outstanding, amounting to $694 million. Shares are up more than 1% in late trading; ahead of the Q2 report, UAL has traded down 16% year-to-date. For more on United's earnings, click here.
Discover Financial also outperformed expectations with an earnings per share of $1.47 on revenues of $2.216 billion, compared with $1.42 per share and $1.80 billion in revenues. Credit card loans grew 4%, whereas Payment Services volume fell 6% in the firm's Q2. This marks Discover's second straight earnings beat and fourth out of the past five quarters.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
After the bell this Tuesday, we are seeing lots of earnings reports hitting the tape. Microsoft (MSFT - Free Report) , United Airlines (UAL - Free Report) and Discover Financial (DFS - Free Report) all posted quarterly results, with positive performances if somewhat varied.
Microsoft pulled off an early win in the aftermarket with a 19% positive earnings surprise in its fiscal Q4, posting 69 cents per share on $22.64 billion in revenues. These figures topped the 58 cents per share and $22.11 billion, and pushed year-over-year revenues into positive territory for the software giant.
Cloud computing was up 7%, Office software up 5% and Services revenue up 9%. But it was its global data center platform Azure that performed strongest: +102% in Microsoft's Q4. For more on Microsoft's earnings, click here.
United also soared past expectations on both top and bottom lines this afternoon: $2.61 per share beat the $2.53 consensus estimate, and sales of $9.4 billion marginally improved on the $9.3 billion expected. The Chicago-based airline major also bought back 4.4% of shares outstanding, amounting to $694 million. Shares are up more than 1% in late trading; ahead of the Q2 report, UAL has traded down 16% year-to-date. For more on United's earnings, click here.
Discover Financial also outperformed expectations with an earnings per share of $1.47 on revenues of $2.216 billion, compared with $1.42 per share and $1.80 billion in revenues. Credit card loans grew 4%, whereas Payment Services volume fell 6% in the firm's Q2. This marks Discover's second straight earnings beat and fourth out of the past five quarters.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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