GOOG, MO & CAT Financial Report Analysis
1. $Alphabet(GOOG)$ $Alphabet(GOOGL)$ with a strong quarter. Initiates dividend.
1Q YoY
Revenue +15%
Net Income +57%
Dil. eps +61%
OCF +23%
FCF -3% (Capex doubled to $12 B (!)
Initiates a $0.20 quarterly dividend
Approves new $70 B buyback progrM
$Meta Platforms, Inc.(META)$ yesterday: "2024 capital expenditures will be in the range of $35-40 billion"
Market reaction: excessive
Capex last 12 months:
$Microsoft(MSFT)$ $39.5 billion ($11 B this quarter)
GOOG $38.0 billion ($12 B this quarter)
Zuckerberg just needs to move the earnings call after these 2.
2. $Altria(MO)$ another quarter of double digit Smokeable volume loss
1Q YoY
Revenue -2.5%
Smokeable Shipments -10%
Oral shipment volume -3.1%
Net income +19%
Dil. EPS +21% (Adj -2.5%)
FY guidance
reaffirms FY24 adj dil EPS $5.05 to $5.17, (+2% to 4.5% vs FY23)
3. $Caterpillar(CAT)$ 1Q flat sales YoY but benefits from pricing
YoY
Revenue flat
Net Income +47%
Dil. EPS +54%
OCF +30%
FCF +66%
CAT operating profit
https://twitter.com/DividendWave/status/1783599745635672327
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- TASOGARE·04-26Regarding Meta Platforms, their projected capital expenditures seem excessive.LikeReport