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
Netflix plunged as much as 37% after the streaming service guided a loss of additional 2 million in the current quarter. Netflix's cautious outlook sparked widespread losses in other streaming services providers including Disney, Paramount and Discovery and in Internet-based growth stocks Shopify and Wayfair. NetGear regained some of the losses after reporting weaker than expected quarterly revenues. Halliburton reported 35 cents a share. Plug Power agreed to provide liquid green Hydrogen to power lift trucks at Walmart fulfillment centers.
NFLX NTGR HAL SHOP W
NFLX NTGR HAL SHOP W
Quarterly revenues increased 4% and jumped 10% on a constant currency basis. Repurchased $60 million of stocks in the quarter.
MAN
MAN
The company guided higher annual sales and earnings per share to increase in the range of 6% to 9%. Higher commodities, freight costs and negative foreign exchange to have a negative impact of $3.2 billion.
PG
PG