My Investing Muse

3 of the Big 4 banks (JP Morgan, Citibank & Wells Fargo) have released their earnings with BlackRock before the opening of 14 Apr 2023 market. Citibank Citibanks beats both revenue and EPS estimates. EPS 2.19 versus estimate 1.7 Revenue 21.4B versus estimate 20.05B JP Morgan JPMORGAN 1Q ADJ. EARNINGS PER SHARE $4.10, EST. $3.41 JPMORGAN 1Q REV. $38.34B, EST. $36.19B Wells Fargo & Co Earnings per share: $1.23 per share GAAP versus 90 cents a year ago and $1.13 expected. Revenue: $20.73 billion versus $20.08 billion expected. The bank’s shares were up more than 3% in premarket trading after the earnings report. Wells Fargo increased its net income by more than 30% to nearly $5 billion in the first quarter from a year ago. The bank's net interest income increased 45% on the back of soaring interest rates. BlackRock BlackRock 2023Q1 earnings are out: • Revenue met estimate at $4.24B • Adj EPS beat estimate at $7.93 • AUM exceeded estimate at $9.09T • Net inflows missed estimate...

Micron $MU beat the market forecast in both EPS and revenue from their 29 Mar 2022 earnings. EPS 2.14 (actual) vs 1.98 (forecast) Revenue 7.79B (actual) vs 7.53B (forecast) In fact, Micron has been beating the forecast (of both EPS and revenue) for the last 5 previous consecutive quarters.  On the day of earning (29 Mar 2022), the stock opened with a price of $84.30 and closed the trading day at $$79.16.  As of 01 Apr 2022, the stock closed with a price of $76.18, a fall of 9.6% since 29 Mar 2022's opening price. MU revenue & EPS beat market forecast for results released on 29Mar22 Highlights (extracted from Micron's presentation deck): Delivered excellent performance in FQ2 with results above the high end of our guidance; grew revenue and margins sequentially SSD products achieved record revenue; auto market revenues also reached an all-time high Industry-leading 1-alpha DRAM and 176-layer NAND technology node ramps delivering strong cost reductions Portfolio transformati...

NIO's earnings report was released on 24 Mar 2022.  As one of the premier China EV brands, there is much expectation on its performance. Q4/2021 Earnings Overview EPS: actual -$1.07 versus forecast -$0.8792 <MISS> Revenue: actual $9.9B versus forecast $9.78B <BEAT>  24Mar22 earnings result from investing.com NIO released their results and here is the overview extracted from their report: Vehicle sales were RMB33,169.7 million (US$5,205.1 million) for the full year of 2021, representing an increase of 118.5% from the previous year. Vehicle margin was 20.1% for the full year of 2021, compared with 12.7% for the previous year. Total revenues were RMB36,136.4 million (US$5,670.6 million) for the full year of 2021, representing an increase of 122.3% from the previous year. Gross profit was RMB6,821.4 million (US$1,070.4 million) for the full year of 2021, representing an increase of 264.1% from the previous year. Gross margin was 18.9% for the full year of 2021, compare...