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Earnings Movers| Consumption Like PHG, KO, WHR All Beat; While Banks FRC & CS Deposits Outflow
@Tiger_Earnings:During Earnings Season, many companies released their reports. Some companies experienced roller coaster ride after the earnings release. You can find the stocks that rose or fell most in "Movers & Shakers" on Tiger Trade app. In this article, we gonna brief four companies missed expectations: 1. $Royal Philips NV(PHG)$ up 14% after EPS & Revenue all beating estimates The release of quarterly results sparked buying in Philips, which surged 14% after the company took advantage of an improving supply chain and the impact of restructuring efforts. Philips reported Q1 EPS of EUR0.22, EUR0.08 better than the analyst estimate of EUR0.14. Revenue for the quarter came in at EUR4.17 bln versus the consensus estimate of EUR3.98 billion. EPS: EUR0.22 vs. EUR0.14 expected Revenue: EUR4.17 bln vs. EUR3.98 bln expected 2. $Coca-Cola(KO)$ & $Pepsi(PEP)$ both beat estimates $Coca-Cola(KO)$ on Monday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by price hikes and higher demand for its drinks. EPS: 68 cents adjusted vs. 64 cents Revenue: $10.96 bln adjusted vs. $10.8 bln Which Is Better? The Coca-Cola Co (KO) Stock or PepsiCo Inc (PEP) Stock? $Pepsi(PEP)$on Tuesday boosted its outlook for the year as it posted earnings and revenue that beat expectations. PEP rose 1.6% before the bell. EPS: $1.50 adjusted vs. $1.39 Revenue: $17.85 blnvs. $17.22 bln 3. $Whirlpool(WHR)$ up 3% beating estimates of EPS & revenue The home appliance maker rose 3% after its first quarter earnings and revenue beat analysts’ estimates. Whirlpool - Google Play 應用程式 Whirlpool posted per-share earnings of $2.66 and revenue of $4.65 billion. Analysts had estimated $2.28 in earnings per share and revenue of $4.5 billion, according to Refinitiv data. EPS: $2.66 vs. $2.28 Revenue: $4.65 bln vs. $4.5 bln 4.$First Republic Bank(FRC)$ & $Credit Suisse Group AG(CS)$ suffered from large outflows Shares of the San Francisco-based regional bank tumbled 20% postmarket after rising more than 12% during Monday’s main trading session. Although the bank’s EPS in the first quarter topped analysts’ estimates, its deposit flight was worse than what analysts had estimated, plunging 41% to $104.5 billion. Analysts had expected the quarter-end deposits to total approximately $145 billion, according to the consensus estimate from FactSet. $First Republic Bank(FRC)$ Deposits: $104.5 bln vs. $145 bln Credit Suisse on Monday revealed that it suffered net asset outflows of 61.2 billion Swiss francs ($68.6 billion) during the first-quarter collapse that culminated in its emergency rescue by domestic rival UBS. Deposit outflows represented 57% of the net asset outflows from Credit Suisse’s wealth management unit and Swiss bank for the quarter. $Credit Suisse Group AG(CS)$ Deposit outflows: $68.6 bln
Earnings Movers| Consumption Like PHG, KO, WHR All Beat; While Banks FRC & CS Deposits OutflowDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.