Schlumberger N.V. (NYSE:SLB) will target multi-billion dollar business opportunities

/ / Energy /

Schlumberger N.V. (NYSE:SLB) changed its name to SLB three and a half months ago and aims to capture billions of dollars in business opportunities through its New Energy division alone. Gavin Rennick, president of Schlumberger N.V., said: “We value two things: impact and scale. If the scale is not in place, it is not a real energy transition business. By focusing on five areas – carbon solutions, hydrogen, geothermal – geothermal energy, energy storage and critical minerals – the new energy business will generate approximately $3 billion in revenue by the end of this decade and at least $10 billion by the end of the next decade.

Schlumberger N.V. (NYSE:SLB) will target multi-billion dollar business opportunities Read Post »

BP’s (NYSE:BP) Q4 2023 adjusted net profit was $4.81 billion

/ / Energy

On February 7, BP (NYSE:BP) announced its fourth quarter and full year 2022 results. Like other supergiants, the company took advantage of soaring oil and gas prices, delivering record profits throughout 2022 and opting to raise its dividend and expand share buybacks. BP’s Q4 adjusted net profit was $4.81 billion, down from a record level earlier this year and below the average analyst estimate of $5.11 billion. But full-year profit reached $27.65 billion, a record high. Q4 adjusted earnings per ADS were $1.59, compared to $8.74 for the full year. Increase dividend by 10% to 6.61 cents per share and further repurchase of $2.75 billion in shares. Invest USD 8 billion each by 2030. Total capital expenditures are likely to be slightly higher than previously planned, totalling between $16 billion and $18 billion in 2023 and between $14 billion and $18 billion per year for the 2024-30 period.

BP’s (NYSE:BP) Q4 2023 adjusted net profit was $4.81 billion Read Post »

Astrazeneca Plc(NASDAQ:AZN)：Dapagliflozin is approved in the EU for the treatment of symptomatic chronic heart failure

/ / Health Care /

According to Astrazeneca Plc (NASDAQ: AZN) official WeChat message, Andatang (generic name: dapagliflozin) has been approved in the European Union, expanding the indication for the treatment of heart failure with reduced ejection fraction (HFrEF) to cover patients with the entire range of left ventricular ejection fraction (LVEF), including mild and reserved heart failure (HFmrEF, HFpEF).

Astrazeneca Plc(NASDAQ:AZN)：Dapagliflozin is approved in the EU for the treatment of symptomatic chronic heart failure Read Post »

Goldman Sachs downgraded Tyson Foods, Inc. (NYSE:TSN) to “neutral” with a price target of $66

/ / Consumer Staples / ,

Goldman Sachs analyst Adam Samuelson downgraded Tyson Foods, Inc. (NYSE:TSN) from Buy to Neutral and lowered its price target to $66 from $91. The analyst said the company’s first-quarter results showed a sharp deterioration in profitability across the organization and a disappointing shift in margins in its chicken business. He added that with cyclical headwinds from declining cattle supply set to increase in fiscal year 2024-2025 and further weigh on profitability in the beef business, continued profitability improvement in chicken and prepared foods is critical to its previous positive rhetoric about Tyson Foods.

Goldman Sachs downgraded Tyson Foods, Inc. (NYSE:TSN) to “neutral” with a price target of $66 Read Post »

On Semiconductor (NASDAQ:ON) generated $8.3 billion in 2022, up 24% year-over-year

/ / Technology /

On Semiconductor (NASDAQ:ON) announced its Q4 and full-year 2022 results, with Q4 revenue of $2,103.6 million, up 14% year-over-year; Gross margin for the fourth quarter was 48.5%, up 343 basis points year-over-year, and non-GAAP gross margin was 48.4%, up 321 basis points year-over-year. Full-year fiscal 2022 revenue was $8.3 billion, up 24% year-over-year. In addition, On Semiconductor announced that its Board of Directors has approved a new share repurchase program authorizing the repurchase of up to $3 billion of the Company’s common stock through December 31, 2025.

On Semiconductor (NASDAQ:ON) generated $8.3 billion in 2022, up 24% year-over-year Read Post »

Bank of America: Raised Apple’s (NASDAQ:AAPL) price target to $158 with neutral rating

/ / Technology / ,

Bank of America Securities issued a rating report saying that it is still concerned about the following points, including Apple’s (NASDAQ:AAPL) total revenue is lower than the bank and market expectations; We believe that there is no catalyst to drive the increase in demand; Weak end-market demand as customer confidence remains sluggish; iPad and Mac face tough year-over-year comparisons; and share buybacks lower than in previous quarters. The bank pointed out that even if the exchange rate is unfavorable and the macroeconomy is weak, the company’s profit margin is still strong; The bank lowered its revenue forecast for this year to $384 billion from $389 billion, raised its EPS estimate to $5.86 from $5.73 and raised its price target to $158 from $153, reiterating its neutral rating.

Bank of America: Raised Apple’s (NASDAQ:AAPL) price target to $158 with neutral rating Read Post »

Activision Blizzard Inc. (NASDAQ:ATVI) Q4 2023 revenue of $2.334 billion Net income down 29% year-over-year

/ / Consumer Discretionary /

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.

Activision Blizzard Inc. (NASDAQ:ATVI) Q4 2023 revenue of $2.334 billion Net income down 29% year-over-year Read Post »

Spirit Airlines Inc. (NYSE:SAVE) reported Q4 2022 operating income of $1.39 billion

/ / Consumer Discretionary /

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 »

Skyworks Solutions Inc. (NASDAQ:SWKS) had Q1 2023 adjusted EPS of $2.59 versus analyst expectations of $2.58

/ / Technology /

Skyworks Solutions Inc. (NASDAQ:SWKS) had a fiscal first-quarter adjusted EPS of $2.59 versus analyst expectations of $2.58. First-quarter revenue was $1.33 billion, versus analysts’ expectations of $1.32 billion. First-quarter adjusted operating profit was $491.3 million, versus analysts’ expectations of $487.9 million. Announced a $2 billion share repurchase program. Second-quarter adjusted EPS is expected at $2.02, versus analysts’ expectations of $2.23. Second-quarter revenue was $1.13-1.18 billion, versus analysts’ expectations of $1.19 billion.

Skyworks Solutions Inc. (NASDAQ:SWKS) had Q1 2023 adjusted EPS of $2.59 versus analyst expectations of $2.58 Read Post »

Pinterest (NYSE:PINS) Q4 2022 revenue of $877 million versus analyst expectations of $887.2 million

/ / Technology /

Pinterest Inc. (NYSE:PINS) had Q4 2022 revenue of $877 million, versus analyst expectations of $887.2 million; Fourth-quarter adjusted EBITDA of $195.8 million versus analyst expectations of $181 million; fourth-quarter monthly active users of 450 million versus analysts’ expectations of $449.8 million; Board of Directors authorized repurchase of up to $500 million of shares; departure of CFO Todd Morgenfeld; First-quarter revenue growth is expected to be 0% to less than 10% year-over-year.

Pinterest (NYSE:PINS) Q4 2022 revenue of $877 million versus analyst expectations of $887.2 million Read Post »

Activision Blizzard Inc. (NASDAQ:ATVI) adjusted EPS for the fourth quarter of 2022 was $1.87

/ / Consumer Discretionary /

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.

Activision Blizzard Inc. (NASDAQ:ATVI) adjusted EPS for the fourth quarter of 2022 was $1.87 Read Post »

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