Tag: STOCKS & FUNDS

Nike has published excellent financials for its fourth fiscal quarter. Revenue for the quarter ended May 31, 2021 jumped 96% to $ 12.3 billion, up from $ 6.3 billion in the same period a year earlier, when the company’s sales fell sharply amid the spread of the coronavirus pandemic. The company posted net income of $ 1.5 billion, or $ 0.93 per share, versus a net loss of $ 790 million, or $ 0.51 per share, a year earlier. The market consensus assumed the growth of the indicator to the level of $ 0.51 per share on revenue of $ 11.03 billion.

Microsoft posted record-breaking net income and revenues for fiscal 2021 that ended June 30, which far surpassed market consensus. The company’s net profit rose 38% to $ 61.27 billion, adjusted profit increased 37% to $ 60.65 billion. Revenue increased 18% to $ 168.1 billion. In the fourth fiscal quarter, net income jumped 47% – to $ 16.458 billion, or $ 2.17 per share, compared with $ 11.202 billion, or $ 1.46 per share received in the comparable period of the previous year. Quarterly revenue increased by 21% and reached $ 46.152 billion against $ 38.033 billion a year earlier. The market expected the company’s quarterly earnings of $ 1.92 per share on revenue of $ 44.22 billion.

Zimmer Biomet Holdings announced that the FDA has approved Persona IQ, which will enable ZBH to launch the world’s first intelligent implant that can completely replace the knee joint. Persona IQ will be a significant addition to ZBEdge ZBH’s growing portfolio, contributing to the expected acceleration in Kneefranchise’s revenue growth

Ulta Beauty posted excellent Q2 financials. Earnings per share were $ 4.56 versus the market consensus of $ 2.59. Returning shoppers and an improved product range have provided significant support to the company’s financial performance. Total sales of cosmetics for the past quarter approached 2019 levels. The company’s management improved its forecast for 2021, which assumes accelerated growth in revenue and margins in 2H21, but at a slower pace compared to 1H21 due to the risk of rising inflation, persisting supply chain problems and uncertainty over COVID-19. A loyalty program, multi-channel engagement, and an innovative brand lineup serve as good long-term drivers of business growth. We are raising our target price for ULTA shares from $ 385 to $ 490.

The Netherlands-based ASML Holding NV, Europe’s largest chip maker, increased its second-quarter net profit and improved its annual revenue forecast, and announced a share buyback program of up to € 9 billion by the end of 2023. ASML’s revenue last quarter was € 4.02 billion, up from € 3.33 billion in the same period in 2020. The market consensus assumed the figure at the level of 4.09 billion eurosю

We’re highlighting Farfetch because we focus on the fast-growing online luxury goods market. The company operates a leading platform connecting luxury brands and boutiques. The global luxury goods market is undergoing a structural shift towards digitalization and we believe that Farfetch will be the main beneficiary of the $ 300 billion market transformation. The company’s management predicts revenue growth of an average of 16% per year over the next ten years, primarily due to growth demand from China and other emerging markets.

Applied Materials posted record revenue and earnings per share in the third fiscal quarter. Revenue for the reporting quarter ended August 1 amounted to $ 6.2 billion, which is 41% higher than the level of the same period last fiscal year. The company’s net profit more than doubled – to $ 1.72 billion from $ 841 million a year earlier. Earnings per share jumped to $ 1.87 from $ 0.91, while earnings excluding one-off factors jumped to $ 1.9 from $ 1.06. The numbers exceeded both management expectations and market consensus.

Southwest Airlines recorded net income of $ 348 million, or $ 0.57 per share, in the second quarter of 2021, thanks to a one-off payment of $ 724 million received under the government’s anti-crisis employment program. A year earlier, Southwest Airlines had a net loss of $ 915 million, or $ 1.63 per share. The loss excluding one-off factors in April-June amounted to $ 206 million, or $ 0.35 per share. Market consensus assumed a loss of $ 0.23 per share. Southwest is the largest local airline in the United States and is considered by many to be the industry’s pricing trendsetter. We maintain a positive outlook on the company’s business.