Category: Equity Earnings

Cognizant delivered strong results during the third quarter, posting revenue in line with expectations and broad based growth across segments and geography. Three of the four business segments were strong growth contributors. CTSH is focused on enhancing its digital capabilities and working to improve margins moving forward. Operating margin for the quarter was 20% and they are committed to a target of 22% in 2019 by balancing growth and profitability. CTSH has continued its momentum throughout 2017 and expects to close the year with solid revenue and earnings growth. Thesis intact. Price target unchanged.

Continue reading “Cognizant Technology Solutions Q3 ($CTSH.US): Revenue in Line; FY 17 Guidance Raised”

Fortive recorded its third consecutive quarter of double digit earnings growth as net earnings were up 16% yoy. The financial performance this quarter demonstrates the strength of Fortive’s market position, industry leading innovation, and the diversity of its product base. FTV also took steps to strategically position itself for enhanced long-term growth through M&A.

Continue reading “Fortive ($FTV.US) Q3: Fortive slightly above expectations; increases guidance for Q4 2017”

XOM’s earnings increased 50% yoy due to commodity price improvement and strengthened business performance. XOM remains focused on long-term value growth. Its integrated business has grown cash flow from operations and asset sales to over $20 billion year to date, an increase of over 40% compared to the first nine months of 2016. XOM continues to invest in new high-quality opportunities across the value chain but remains disciplined in capital allocation while delivering best in class execution.

Continue reading “Exxon Mobil ($XOM US) Q3: Modestly outpaced earnings estimates. Production up 1.7%”

MSFT reported FY Q1 2018 results that beat expectations. Revenue surpassed estimates by the highest percentage in two years and EPS was 10% above consensus. Growth was driven by commercial cloud services as Microsoft’s hybrid cloud is now used by nearly every Fortune 500 company. LinkedIn has performed better than internal expectations, and global performance was better than expected in large markets. MSFT continues to mobilize to pursue customer solutions across its core areas.

Continue reading “Microsoft ($MSFT.US) FQ1: Revenue and EPS ahead of consensus driven by cloud services”

GOOGL had another strong quarter led by accelerating growth in mobile search. Alphabet recorded revenue growth of 24% and EPS of $9.57, both ahead of consensus estimates. The company’s diversified product base has successfully expanded geographically as growth numbers were higher than expected in all major regions. While Alphabet remains an information company, they are focused on driving innovation with products like Google Cloud and Google Home. Reviewing price target.

Continue reading “Alphabet ($GOOGL.US) Q3: Alphabet’s revenue & EPS better than expected”

During the quarter, Visa exceeded expectations in revenue growth, operating margin and EPS. Global volume increased, and results in Europe exceeded expectations since the acquisition of Visa Europe last year. Visa predicts high single digit volume growth and adjusted EPS growth in the mid-teens for FY 2018. Visa continues to invest in the business while actually increasing its predicted shareholder payouts in 2018. Reviewing price target.

Continue reading “Visa ($V.US) FQ4: Another strong quarter. Issued guidance for FY18”

3M (MMM) reported strong Q3 2017 results with EPS of $2.33 (versus expectations of $2.21), an increase over last year of 8.4%. Organic sales growth was an impressive 6.6% as 3M had growth in all business groups across all geographies. Stock rallied 7% on the news. Continue reading “3M (MMM) Q3 2017 Results”

Sensata (ST) reported 3Q17 organic sales +3.7% and adjusted EPS +9.5%, beating consensus. Organic sales growth was 3.6% and organic growth in sensors for heavy off-road vehicles (HVOR) was 19.5%.  We are maintaining our price target and position size. Continue reading “Sensata (ST) Q3 2017 Results”

Bank of America (BAC) Q3 EPS of $.48 was above market expectations ($.46) due to solid expense control, modest loan growth and increase in net interest margin. BAC continues to be levered to rising rates, improve the balance sheet and return capital to shareholders. Continue reading “Bank of America (BAC) Q3 2017 Results”

Whirlpool (WHR) reported Q3 2017 earnings of $3.83 below street expectations of $3.94.  Margins fell mainly due to raw material inflation and product mix.  For 2017, the company has lowered guidance 7% to 13.60-13.90.  Positives for the quarter were solid performance in N. America, strong share buybacks and announcement of cost and price initiatives.  WHR is trading down 10% today. Continue reading “Whirlpool (WHR) Q3 2017 results”