Bank of Hawaii (BOH) Stock Down 3% as Q4 Earnings Lag Estimates yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
HomeStreet (HMST) delivered earnings and revenue surprises of 37.38% and 14.91%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
Raytheon reports better than expected fourth quarter; Collins struggles Tuesday, January 26, 2021 2:53 PM
Corridor Business Journal: Raytheon Technologies Corp. reported better than expected fourth-quarter earnings this morning, although its Collins Aerospace division continued to struggle amid ongoing tumult in the passenger aircraft industry. Raytheon announced earnings of 74 cents per share on revenue of $16.5 billion, beating the Zacks Consensus Estimate of 71 cents per share. The company had earnings of $1.94 per share a year ago. Its Collins Aerospace division continued to lag amid fallout from the pandemic, with fourth-quarter adjusted sales of just under $4.4 million, down 32% from the prior year, and a 92% year-over-year drop in operating profit. In an earnings call, Raytheon officials said Collins Aerospace would be making an additional $85 million in cost reductions this year. Collins Aerospace, Cedar Rapids’ largest employer, has already made about $170
Schlumberger (SLB) Q4 Earnings & Revenues Beat Estimates Zacks.com 1/22/2021
Schlumberger Limited SLB announced fourth-quarter 2020 earnings of 22 cents per share (excluding charges and credits), surpassing the Zacks Consensus Estimate of 18 cents. However, the bottom line declined from 39 cents a year ago.
The oilfield service giant recorded total revenues of $5,532 million, which beat the Zacks Consensus Estimate of $5,231 million but declined 33% from the year-ago quarter’s $8,228 million.
The better-than-expected results can be attributed to contributions from digital solutions and multiclient seismic license sales. This was offset partially by lower evaluation work and stimulation in Qatar and Saudi Arabia.
Among the major oilfield service players, Schlumberger is the second company to beat fourth-quarter earnings, following Halliburton Company HAL. Baker Hughes Company BKR, however, recently missed the Zacks Consensus Estimate for the bottom line.
Atlantic Capital Bancshares (ACBI) Q4 Earnings and Revenues Top Estimates yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.