Yum China Holdings, Inc. (NYSE:YUMC) reported revenue of $2.09 billion for the fourth quarter of 2022 versus expectations of $2.22 billion. Fourth-quarter same-store sales were -4% versus -4.27% expected, and fourth-quarter quarterly adjusted earnings per share were $0.13, unchanged from $1.10 a year ago. It is expected to open 1,100 to 1,300 new stores in 2023.
Activision Blizzard Inc. (NASDAQ:ATVI) today announced its fiscal 2022 fourth quarter and full year results. Activision Blizzard’s fourth-quarter net revenue was $2.334 billion, compared to $2.163 billion in the year-ago quarter, net booking revenue was $3.57 billion, compared to $2.49 billion in the year-ago quarter, and net profit was $403 million, down 29% from $564 million in the year-ago quarter.
Spirit Airlines, Inc. (NYSE:SAVE) reported fourth-quarter 2022 operating income of $1.39 billion, in line with analyst expectations. Adjusted net profit for the fourth quarter was $12.6 million, compared with analysts’ expectations of $05.81 million.
Spirit Airlines Inc. (NYSE:SAVE) reported Q4 2022 operating income of $1.39 billion Read Post »
Activision Blizzard Inc. (NASDAQ:ATVI) adjusted EPS for the fourth quarter of 2022 was $1.87, versus analyst expectations of $1.52. Net bookings for the fourth quarter were $3.57 billion, versus analysts’ expectations of $3.08 billion.
UBS published a research report that Amazon (NASDAQ:AMZN) had mixed results in the fourth quarter of last year, with the retail business stronger than expected; AWS’s revenue growth fell sharply in January, and the company expects the business to experience a slowdown of several quarters before the economic environment stabilizes, which may affect margin performance. UBS expects that unless AWS’s performance becomes more stable, it will be difficult for the stock price to recover in the short term. Driven by the retail business, UBS has improved its outlook for this year and next, with its overall revenue forecast for this year rising from US$538 billion to US$555 billion and EBIT forecasts raising to US$22 billion. The revenue forecast for the first quarter of this year was raised to $124 billion, while the EBIT forecast was raised to $3.8 billion from $1.5 billion. The price target was raised to $127 from
UBS: Raised Amazon (NASDAQ:AMZN) price target to $127 with a Buy rating Read Post »
J.P. Morgan reported that Amazon (NASDAQ:AMZN) cloud services (AWS) growth slowed and profit margins were under pressure, but at the same time, better-than-expected retail revenue and improved leverage levels offset the impact, making the company’s fourth-quarter results last year and the outlook for the first quarter of this year mixed. Amazon CEO Andy Jassy revealed that he will focus on customers and reduce costs as a top priority, while not giving up long-term strategic investments and reducing costs and increasing efficiency. J.P. Morgan expects that the poorer-than-expected growth of AWS in the first quarter of this year, coupled with the pressure on margins in the fourth quarter of last year, will exacerbate concerns about the development of cloud business, but still believes that retail growth can accelerate this year, while looking forward to the recovery of operating profit in North America and the year-on-year decline in capital expenditure, which will
JPMorgan: Raised Amazon (NASDAQ:AMZN) price target to $142 with an overweight rating Read Post »
Credit Suisse raised its price target on Estée Lauder (NYSE:EL) to $305 from $215.
Credit Suisse raised its price target on Estée Lauder (NYSE:EL) to $305 from $215 Read Post »
Starbucks (NASDAQ:SBUX) Price Target Raised to $116.00/Share From $112.00 by Cowen & Co.
Starbucks (NASDAQ:SBUX) Price Target Raised to $116.00/Share From $112.00 by Cowen Read Post »
Barclays analyst Jeffrey Bernstein raised its Starbucks (NASDAQ:SBUX) price target to $123 from $121 and maintained an “overweight” rating. Starbucks had strong U.S. same-store sales growth in the fiscal first quarter, in line with consensus expectations, but lower-than-expected same-store sales in China had some impact on margins and profits, the analyst said. Still, Starbucks reiterated its fiscal 2023 guidance, showing the company’s confidence in growth momentum in the rest of the world and an upturn in the Chinese market.
Estée Lauder (NYSE:EL) Stock price trend forecast , price target , Support price , stop loss price , resistance price , trading range: Updated to: 2023.2.3 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: bullish Sell high and buy low of range : $260 – $280 Support: $260 resistance: $280 Stop Loss Price: $260 price target: $280 Buy the position again: stop fall and rise to $260 Medium-term trend: bullish High sell low buy range: none Support: 60-day moving average price resistance: $280 Stop Loss price: 60-day moving average price price target: $280 Buy the position again: stop fall and rise to 60-day moving average price Long-term trend: bullish High sell low buy of range: none Support : 60-day moving average price resistance: $280 Stop Loss price: 60-day moving average price price
Estée Lauder (NYSE:EL) revenue of $4.62 billion in Q2 2023, YoY-16.59% Read Post »
Starbucks (NASDAQ:SBUX) Stock price trend forecast and trading range: Updated to: 2023.2.3 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: bullish Sell high and buy low of range : $100 – $110 Support: $100 resistance: $110 Stop Loss Price: $100 price target: $110 Buy the position again: stop fall and rise to $100 Medium-term trend: bullish High sell low buy range: $100 – $110 Support: $81 resistance: $110 Stop Loss price: $81 price target: $110 Buy the position again: stop fall and rise to $83 Long-term trend: bullish High sell low buy of range: none Support : $100 resistance: $110 Stop Loss price: $100 price target : $110 Buy the position again: stop fall and rise to $100 From Analysis from financial statements: Revenue for the first quarter of 2023 was $8.713
Starbucks (NASDAQ:SBUX) revenue of $8.713 billion in Q1 2023, YoY+8.2% Read Post »
Amazon, Inc.(NASDAQ:AMZN) reported Q4 earnings of $0.03 per diluted share, down from $1.39 a year earlier. Analysts polled by Capital IQ forecast $0.16. Sales for the quarter ended Dec. 31 totaled $149.2 billion, up from $137.4 billion a year earlier. Analysts surveyed by Capital IQ called for $145.78 billion. The e-commerce giant said it expects Q1 net sales of $121 billion to $126 billion. Analysts polled by Capital IQ are looking for $125.04 billion. The guidance accounts for an unfavorable impact from foreign exchange rates, the company said.
Amazon, Inc.(NASDAQ:AMZN) reported Q4 EPS $0.03 Read Post »