In this article, we will take a look at the 10 stocks making headlines after earnings reports. You can skip our detailed analysis of these companies and go directly to the 5 Stocks Making Headlines After Earnings Reports.
Notable companies from the technology and communication services sectors, including Datadog, Inc. (NASDAQ:DDOG), Uber Technologies, Inc. (NYSE:UBER), The Walt Disney Company (NYSE:DIS) and Twitter, Inc. (NYSE:TWTR) recently released financial results for their respective quarters.
If we look at their price actions, shares of Disney and Datadog turned green after delivering upbeat financial performance, while Twitter shares fell following its weak results and outlook. On the other hand, Uber Technologies shares dropped for two consecutive trading sessions even after posting better-than-expected results.
Several other companies, including beverage giant PepsiCo, Inc. (NASDAQ:PEP) and pharmaceutical company AstraZeneca PLC (NASDAQ:AZN), also came out with their quarterly reports earlier this week.
Now let’s review the key financial highlights of these companies.
Stocks Making Headlines After Earnings Reports
10. Motorola Solutions, Inc. (NYSE:MSI)
Number of Hedge Fund Holders: 34
Shares of Motorola Solutions, Inc. (NYSE:MSI) fell to a nearly six-month low on Thursday, February 10, 2022, after announcing mixed financial results for the fourth quarter. The Illinois-based company reported adjusted earnings of $2.85 per share, nearly unchanged from $2.86 per share in the year-ago quarter. Analysts were looking for earnings of $2.74 per share.
Revenue for the quarter rose just two percent versus last year to $2.32 billion, marginally below expectations of $2.33 billion. Motorola Solutions, Inc. (NYSE:MSI) also released its segment-wise sales performance. Revenue from the software and services segment jumped 8 percent, while revenue from the products and systems integration segment slipped 1 percent in the quarter.
Looking forward, Motorola Solutions, Inc. (NYSE:MSI) expects adjusted earnings in the range of $1.53 – $1.59 per share and revenue growth of around 3 percent for the first quarter. For the full year, it expects adjusted earnings between $9.80 – $9.95 per share and revenue growth of about 7 percent.
9. Zebra Technologies Corporation (NASDAQ:ZBRA)
Number of Hedge Fund Holders: 39
Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) fell nearly eight percent on Thursday, February 10, 2022, despite posting better-than-expected financial results for the fourth quarter.
Zebra Technologies Corporation (NASDAQ:ZBRA) reported adjusted earnings of $4.54 per share on revenue of $1.47 billion. The results surpassed analysts’ average estimate of $4.40 per share for earnings and $1.46 billion for revenue.
If we look at the segment-wise sales performance, revenue from the enterprise visibility & mobility segment increased to $1.02 billion versus $888 million in the year-ago quarter. In comparison, its asset intelligence & tracking segment generated revenue of $444 million, compared to $425 million in the same period last year.
Zebra Technologies Corporation (NASDAQ:ZBRA) also released its financial outlook for the first quarter. It expects adjusted earnings in the range of $3.70 – $4 per share and revenue growth of 1 – 3 percent for the current quarter.
Like Zebra Technologies Corporation (NASDAQ:ZBRA), investors are also eyeing Uber Technologies, Inc. (NYSE:UBER), The Walt Disney Company (NYSE:DIS) and Twitter, Inc. (NYSE:TWTR), following their latest financial results.
8. AstraZeneca PLC (NASDAQ:AZN)
Number of Hedge Fund Holders: 41
Shares of AstraZeneca PLC (NASDAQ:AZN) closed higher on Thursday, February 10, 2022, following its upbeat fourth-quarter results and solid full-year outlook. The Swedish pharmaceutical giant reported core earnings of $1.67 per share, crushing expectations of $1.50 per share.
Revenue for the quarter climbed 63 percent on a year-over-year basis to $12.01 billion, while analysts were expecting AstraZeneca PLC (NASDAQ:AZN) to generate revenue of $10.79 billion.
Among other updates, AstraZeneca PLC (NASDAQ:AZN) stated that it is increasing the annual dividend by 10 cents to $2.90, marking the first yearly dividend hike in nearly a decade. Looking forward, the company expects its core earnings to increase in the mid-to-high twenties percentage in 2022.
Speaking on the results, CEO Pascal Soriot said:
“The positive news from our pipeline, including approvals for Evusheld and Tezspire, supports the outlook for 2022. This, along with the transformative acquisition of Alexion, means that we are confident in our long-term growth and profitability. After a landmark year in 2021, we are increasing the dividend for our shareholders.”
7. O’Reilly Automotive, Inc. (NASDAQ:ORLY)
Number of Hedge Fund Holders: 44
Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) rose nearly three percent on Thursday, February 10, 2022, after delivering solid profit and sales for the fourth quarter. The auto parts retailer earned $7.64 per share, significantly higher than $5.40 per share in the year-ago period.
Revenue for the quarter came in at $3.29 billion, up from $2.83 billion in the comparable period of 2020. Analysts were expecting O’Reilly Automotive, Inc. (NASDAQ:ORLY) to earn $6.17 per share on revenue of $3.11 billion.
O’Reilly Automotive, Inc. (NASDAQ:ORLY) also updated its financial outlook for 2022. The company expects earnings in the range of $32.35 – $32.85 per share and revenue between $14.2 – $14.5 billion for the full year.
Like O’Reilly Automotive, Inc. (NASDAQ:ORLY), Uber Technologies, Inc. (NYSE:UBER), The Walt Disney Company (NYSE:DIS) and Twitter, Inc. (NYSE:TWTR) also caught investors’ attention after their earnings reports.
6. MGM Resorts International (NYSE:MGM)
Number of Hedge Fund Holders: 50
Shares of MGM Resorts International (NYSE:MGM) turned red on Wednesday, February 10, 2022, even after announcing better-than-expected financial results for the fourth quarter. The hospitality and entertainment company reported adjusted earnings of 12 cents per share, compared to an adjusted loss of 90 cents per share in the year-ago period.
Revenue for the quarter climbed 105 percent versus last year to $3.1 billion. Analysts were expecting MGM Resorts International (NYSE:MGM) to post earnings of 2 cents per share on revenue of $2.78 billion.
MGM Resorts International (NYSE:MGM) also reported its segment-wise sales performance. Revenue from the Las Vegas Strip Resorts skyrocketed 277 percent to $1.8 billion, while revenue from regional operations climbed 51 percent to $900 million. In comparison, revenue from MGM China increased 3 percent to $315 million in the quarter.
Speaking on the results, CEO Bill Hornbuckle said in a statement:
“The strategic milestones we achieved in 2021 position us for further success in 2022, and we remain excited about our long-term opportunities including: leading the U.S. sports betting and iGaming market through BetMGM, pursuing disciplined geographic expansion such as the Japan integrated resort, and reinvesting in our core business to drive sustainable growth.”
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Disclosure: None. 10 Stocks Making Headlines After Earnings Reports is originally published on Insider Monkey
