The current economic situation demonstrates that even giants of digital advertising like Google aren’t immune to a destructive influence of economic downturn and recession risks. On Tuesday, the company presented its 3rd-quarter earnings report, which didn’t meet analysts’ expectations.
Halliburton Co. is beating experts' profit estimates despite the tight oil market. The corporation's adjusted earnings per share reached 60 cents for the third quarter of 2022.
Anticipating a sharp blow from rising inflation, 3M is changing its own full-year revenue and profit forecast, expecting to get lower numbers than previously predicted. The reason for the change is also a significant drop in overseas earnings due to a stronger dollar.
On Tuesday, Coca-Cola Co. raised its annual forecasts, adding to competitor PepsiCo Inc.
Xerox Holdings Inc shares fell about 25% on Tuesday. The drop in the company's stock came after the photocopy maker cut its annual earnings and cash flow forecast.
Microsoft shares fell due to weak sales of the Azure platform. Microsoft Chief Financial Officer Amy Hood estimates Azure revenue growth will be 37% in the current quarter, down 5% from the third quarter. Last quarter, Azure sales were up 42%.
Financial results, which exceeded all expectations, were published by Visa Corporation for the fourth quarter.
Analysts at Raymond James upgraded the AT&T stock rating from Outperform to Strong Buy and set a price target of $24 per share. The company’s upgrade of rating was caused by several reasons.
U.S. upstream oil companies could see their free cash flows swell by 68% per barrel produced in 2022. Rising prices drive profit to grow, while production growth has remained at 4.5% year to date, as reported by Deloitte consultancy on Monday.
Experts predict the U.S. oil companies to have 68% higher free cash flow (FCF) as early as 2022, Deloitte consultancy reported. Growing profits are driven by oil price hikes, while increased production of natural resources has remained at 4.5% since the year-start.
