{"id":73594,"date":"2024-02-07T09:10:52","date_gmt":"2024-02-07T14:10:52","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=73594"},"modified":"2024-02-07T09:10:52","modified_gmt":"2024-02-07T14:10:52","slug":"coffee-with-greta-earnings-continue","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/02\/07\/coffee-with-greta-earnings-continue\/","title":{"rendered":"Coffee With Greta: Earnings Continue"},"content":{"rendered":"

DJIA Futures: <\/b>+55 (+0.1%)<\/span><\/p>\n

SPX Futures: <\/b>+15 (+0.3%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+78 (+0.4%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are higher as Q4 earnings continue to roll-in.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Snap Plunges On Disappointing Earnings<\/span><\/h2>\n

Snap <\/b>(SNAP) shares are plummeting 30.5% ahead of the open after missing Q4 revenue expectations and issuing soft guidance.\u00a0<\/span><\/p>\n

Here\u2019s how the social media company\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • Adjusted EPS: $0.08 vs $0.06 expected<\/span><\/li>\n
  • Revenue: $1.36 billion vs $1.38 billion expected<\/span><\/li>\n
  • Global daily active users: 414 million vs 412 million expected<\/span><\/li>\n
  • Average revenue per user: $3.29 vs $3.33 expected<\/span><\/li>\n<\/ul>\n

    Revenue rose 5% year over year, marking the sixth straight quarter of single-digit growth.<\/span><\/p>\n

    Snap forecast Q1 revenue between $1.095 billion and $1.135 billion putting the midpoint at $1.115 billion vs $1.117 billion expected.\u00a0<\/span><\/p>\n

    Ford Jumps On Strong Earnings, Outlook<\/span><\/h2>\n

    Ford Motor <\/b>(F) shares are rising 5.6% in premarket trade after beating Q4 expectations and issuing strong guidance.\u00a0<\/span><\/p>\n

    Here\u2019s how the automaker\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Adjusted EPS: $0.29 vs $0.14 expected<\/span><\/li>\n
    • Automotive revenue: $43.2 billion vs $40.12 billion expected<\/span><\/li>\n<\/ul>\n

      Total revenue rose 4% year over year to $46 billion.\u00a0<\/span><\/p>\n

      The automaker announced a special $0.18 dividend per share for the first quarter in addition to the regular dividend of $0.15 per share.<\/span><\/p>\n

      The dividends are payable on March 1 to shareholders of record at the market close on February 16.<\/span><\/p>\n

      Ford forecast adjusted earnings before interest and taxes of between $10 billion and $12 billion in 2024 vs $9 billion to $11 billion expected.\u00a0<\/span><\/p>\n

      The company also expects full-year adjusted free-cash flow of $6 billion to $7 billion and capital spending of $8 billion to $9.5 billion.<\/span><\/p>\n

      Chipotle Crushes Earnings Expectations<\/span><\/h2>\n

      Chipotle Mexican Grill <\/b>(CMG) shares are up 2.8% ahead of the open after beating Q4 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

      Here\u2019s how the burrito chain\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

        \n
      • Adjusted EPS: $10.36 vs $9.75 expected<\/span><\/li>\n
      • Revenue: $2.52 billion vs $2.49 billion expected<\/span><\/li>\n<\/ul>\n

        Revenue rose 15.4% year over year while same-store sales jumped 8.4% vs 7.1% expected.\u00a0<\/span><\/p>\n

        Chipotle said foot traffic in its stores rose 7.4% during the quarter, bucking the trend of lower foot traffic at similar businesses.\u00a0<\/span><\/p>\n

        Sales were also boosted by a 3% menu price increase that was implemented in October.\u00a0<\/span><\/p>\n

        Chipotle forecast 2024 full-year same-store sales growth in the mid-single-digit range.\u00a0<\/span><\/p>\n

        Uber Slips Despite Earnings Beat<\/span><\/h2>\n

        Uber <\/b>(UBER) shares are down 1.8% in premarket trade despite beating Q4 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

        Here\u2019s how the ride-hailing service\u2019s results compared to analysts\u2019 estimates:<\/span><\/p>\n

          \n
        • EPS: $0.66 vs $0.17 expected<\/span><\/li>\n
        • Revenue: $9.94 billion vs $9.76 billion expected<\/span><\/li>\n<\/ul>\n

          Revenue jumped 15% year over year.\u00a0<\/span><\/p>\n

          Uber\u2019s gross booking totaled $27.6 billion in the quarter, up 22% from a year ago.\u00a0<\/span><\/p>\n

          Mobility gross bookings rose 29% to $19.3 billion while delivery gross bookings jumped 19% to $17 billion.\u00a0<\/span><\/p>\n

          Uber forecast gross bookings in the first quarter between $37 billion and $38.5 billion vs $37.43 billion expected.\u00a0<\/span><\/p>\n

          The company expects adjusted EBITDA of $1.26 billion to $1.34 billion vs $1.26 billion expected.\u00a0<\/span><\/p>\n

          CVS Beats Expectations, Cuts Outlook<\/span><\/h2>\n

          CVS <\/b>(CVS) shares are up 1.1% ahead of the open after beating Q4 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

          Here\u2019s how the drugstore chain\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

            \n
          • Adjusted EPS: $2.12 vs $1.99 expected<\/span><\/li>\n
          • Revenue: $93.81 billion vs $90.41 billion expected<\/span><\/li>\n<\/ul>\n

            Revenue rose nearly 12% year over year but profits did shrink compared to a year ago.<\/span><\/p>\n

            The company\u2019s health services segment contributed the most to that revenue growth, generating $49.15 billion in revenue vs $46.35 billion expected.\u00a0<\/span><\/p>\n

            Same-store sales grew 11.3% year over year, up 15.5% in the pharmacy division, but down by 3.1% in the front of the store.<\/span><\/p>\n

            CVS lowered its full-year adjusted EPS forecast to at least $8.30 vs $8.50 previously and $8.49 expected.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

            DJIA Futures: +55 (+0.1%) SPX Futures: +15 (+0.3%) NASDAQ Futures: +78 (+0.4%) Good morning friends! Futures are higher as Q4 earnings continue to roll-in. Let\u2019s get right to it! Snap Plunges On Disappointing Earnings Snap (SNAP) shares are plummeting 30.5% ahead of the open after missing Q4 revenue expectations and issuing soft guidance.\u00a0 Here\u2019s how the social media company\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.08 vs $0.06 expected Revenue: $1.36 billion vs $1.38 billion expected Global daily active users: 414 million vs 412 million expected Average revenue per user: $3.29 vs $3.33 expected Revenue rose 5% year over year, marking the sixth straight quarter of single-digit growth. Snap forecast Q1 revenue between $1.095 billion and $1.135 billion putting the midpoint at $1.115 billion vs $1.117 billion expected.\u00a0 Ford Jumps On Strong Earnings, Outlook Ford Motor (F) shares are rising 5.6% in premarket trade after beating Q4 expectations and issuing strong guidance.\u00a0 Here\u2019s how the automaker\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.29 vs $0.14 expected Automotive revenue: $43.2 billion vs $40.12 billion expected Total revenue rose 4% year over year to $46 billion.\u00a0 The automaker announced a special $0.18 dividend per share for the first quarter in addition to the regular dividend of $0.15 per share. The dividends are payable on March 1 to shareholders of record at the market close on February 16. Ford forecast adjusted earnings before interest and taxes of between $10 billion and $12 billion in 2024 vs $9 billion to $11 billion expected.\u00a0 The company also expects full-year adjusted free-cash flow of $6 billion to $7 billion and capital spending of $8 billion to $9.5 billion. Chipotle Crushes Earnings Expectations Chipotle Mexican Grill (CMG) shares are up 2.8% ahead of the open after beating Q4 expectations on the top and bottom line.\u00a0 Here\u2019s how the burrito chain\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $10.36 vs $9.75 expected Revenue: $2.52 billion vs $2.49 billion expected Revenue rose 15.4% year over year while same-store sales jumped 8.4% vs 7.1% expected.\u00a0 Chipotle said foot traffic in its stores rose 7.4% during the quarter, bucking the trend of lower foot traffic at similar businesses.\u00a0 Sales were also boosted by a 3% menu price increase that was implemented in October.\u00a0 Chipotle forecast 2024 full-year same-store sales growth in the mid-single-digit range.\u00a0 Uber Slips Despite Earnings Beat Uber (UBER) shares are down 1.8% in premarket trade despite beating Q4 expectations on the top and bottom line.\u00a0 Here\u2019s how the ride-hailing service\u2019s results compared to analysts\u2019 estimates: EPS: $0.66 vs $0.17 expected Revenue: $9.94 billion vs $9.76 billion expected Revenue jumped 15% year over year.\u00a0 Uber\u2019s gross booking totaled $27.6 billion in the quarter, up 22% from a year ago.\u00a0 Mobility gross bookings rose 29% to $19.3 billion while delivery gross bookings jumped 19% to $17 billion.\u00a0 Uber forecast gross bookings in the first quarter between $37 billion and $38.5 billion vs $37.43 billion expected.\u00a0 The company expects adjusted EBITDA of $1.26 billion to $1.34 billion vs $1.26 billion expected.\u00a0 CVS Beats Expectations, Cuts Outlook CVS (CVS) shares are up 1.1% ahead of the open after beating Q4 expectations on the top and bottom line.\u00a0 Here\u2019s how the drugstore chain\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $2.12 vs $1.99 expected Revenue: $93.81 billion vs $90.41 billion expected Revenue rose nearly 12% year over year but profits did shrink compared to a year ago. The company\u2019s health services segment contributed the most to that revenue growth, generating $49.15 billion in revenue vs $46.35 billion expected.\u00a0 Same-store sales grew 11.3% year over year, up 15.5% in the pharmacy division, but down by 3.1% in the front of the store. CVS lowered its full-year adjusted EPS forecast to at least $8.30 vs $8.50 previously and $8.49 expected.<\/p>\n","protected":false},"author":41,"featured_media":73597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-73594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=73594"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73594\/revisions"}],"predecessor-version":[{"id":73600,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73594\/revisions\/73600"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/73597"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=73594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=73594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=73594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}