My Investing Muse

From Twitter user ~ Sawyer Merritt NEWS: Ford has reported Q1 earnings, and for the first time have broken out EV earnings. • EPS : $0.63 adj. vs $0.41 expected • Auto revenue: $39.09B vs $36.08B expected Ford's EV unit lost $700 million in Q1, with EBIT margin being -102.1%. Total combined free cash flow was $700 million. From CNBC  News extract: The company reiterated it expects full-year adjusted earnings between $9 billion and $11 billion and roughly $6 billion in adjusted free cash flow. Ford said it plans to have capital expenditures of between $8 billion and $9 billion in 2023.   Ford also reconfirmed it expects to lose about $3 billion from its electric vehicle operations, known as Model e, in 2023. Ford said the operations’ loss widened to $722 million in the first quarter from $380 million a year earlier as it ramps up EV production. Those losses were washed out, however, by the company’s traditional car business, known as Ford Blue, which earned $2.6 billion, and th...

Here are some of the news extracts pertaining to Apple’s recent earnings: From the various news headlines, most of the news points to good outcomes from the recent earnings. The only one is CNN which is not positive about the earnings. Taking a quick glance, most of us will walk away thinking that the earnings will be stellar. Yes, the earnings are very good. Observations from the earnings (based on 6 months ending 01 Apr 2023): Total net sales are $211.9B Total net income is $54.1B Both sales and EPS have beaten the market Forecast. EPS came out to be 1.52 compared to a forecast of 1.43 Revenue came out to be 94.8B compared to a forecast of 92.9B Any company will want to have a net income of $54B (after 6 months). However, there are also some notable observations too (based on the period of 6 months, a year ago): Total net sales are lower - $211.9B compared to $221.2B a year ago (4.2%) Total net income is lower - $54.1B compared to $59.6B a year ago (9.2%) There is a drop of $9.3B (ne...

MAERSK 2023 Q2 EARNINGS REVIEW MAERSK 2023 Q2 earnings were released in early Aug 2023. Here is a review of the earnings and what it says about the company and the global outlook. Why do I consider Maersk’s as an indicator of the bigger global outlook? MAERSK is one of the biggest operators of the world liner fleet at 15.3% as of May 2023, trailing only behind MSC (Mediterranean Shipping Company which leads with 18.6%). They have one of the widest reach and at one point, 20% of the global shipping capacity. Financial Highlights of MAERSK (consolidated)  Looking at the highlights above, we can see a notable YoY drop of revenue (consolidated) with ocean revenue suffering the biggest dip of 50% YoY. For the other business units, the drop was much lesser in magnitude. Observations from the Quarterly Summary of Consolidated MAERSK (YoY) in USD Revenue fell from 2022 Q2’s $21.65B to 2023 Q2’s $12.98B , a significant dip by 40.0% . The underlying profit has dropped from 2022 Q2’s $8.55B ...