The consumer products maker said first quarter 2022 sales increased 7% but net income declined 10%. The company also lifted its annual sales and organic sales outlook but left its annual earnings estimate unchanged.
KMB
KMB
Schlumberger quarterly net income soared 70% on 14% increase in revenues. The oil field services provider indicated that the company is poised to benefit from the new investment committed to increase drilling activities and diversify energy supply base and the duration and scale of upcycle may last longer than 2023.
SLB
SLB
The S&P 500 and Nasdaq indexes trade lower as bond yields continue to rally and global markets adjusts to Fed's willingness to lift rates faster. European markets are down 1.5%, Nikkei fell 1.6% and the Japanese yen dropped to a 20-year low. Sensex in India drooped 1.2% as bond yields advanced.
Quarterly revenues increased 38% to $1 billion and daily active users increased 18% from a year ago. The company also highlighted its moves in the Augmented Reality technology and the rapid adoption by its user base.
UAL
UAL
The company reported record quarterly total sales, margin expansion, and double-digit earnings growth.
GPC
GPC
Union Pacific said quarterly revenues rose 17% and earnings per share advanced 29% on improved business mix, fuel surcharges, and volume growth.
UNP
UNP
U.S. Treasury yields gained after the comments from Fed Chairman Powell increased the possibility of a 50 basis points hike at the next policy meeting in May.
AutoNation sales were impacted by lower new sales and higher used vehicle sales in the quarter. Net income more than doubled after gross margins on new vehicles doubled.
AN
AN
The airline said it plans to moderate its capacity expansion plan as it exits Airbus planes, retrains pilots, and lower the impact of higher fuel prices.
ALK
ALK
American Airlines said quarterly revenues jumped as more business travel picked up and total passenger load factor improved. The airline also guided return to profitability in the current year.
AAL
AAL
The S&P 500 and Nasdaq Composite indexes are trading higher on earnings optimism. Crude oil is trading up 1% and 10-year U.S. Treasury bond yield climbed up to 2.85%.
Passenger Revenue per Available Seat Mile in the quarter increased to 11.92 cents from 7.63 cents a year ago but below 13.29 cents in the first quarter of 2019.
UAL
UAL
Tesla, Inc said first quarter 2022 revenues shot up 81% to $18.8 billion, net income jumped 658% to $3.3 billion, and diluted earnings per share jumped to $2.86 from 39 cents a year ago. Cash and equivalents at the end of the quarter increased to $18 billion and net declined to $0.1 billion. Total vehicle production increased to 305,407 units from 180,338 a year ago.
TSLA
TSLA
Lifted quarterly dividend to 25 cents from 13 cents. Cash at quarter end was $139 million with no net debt.
MLI
MLI