5 Stocks in Focus After Releasing Their Earnings Reports

In this article, we discuss the 5 stocks in focus after releasing their earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks in Focus After Releasing Their Earnings Reports.

5. Snap Inc. (NYSE:SNAP)

Number of Hedge Fund Holders: 64

Shares of Snap Inc. (NYSE:SNAP) took a deep dive in the pre-market trading session on Friday, 22 October 2021, losing nearly 20 percent of their value after posting lower-than-expected revenue for the third quarter. The social media company’s revenue jumped 57 percent on a year-over-year basis to $1.07 billion, but missed the consensus forecast of $1.1 billion.

On the bright side, Snap Inc. (NYSE:SNAP) reported a narrower-than-expected loss for the quarter. The company lost 5 cents per share versus a loss of 10 cents per share estimated by analysts. It was also narrower than the loss of 14 cents per share in the year-ago quarter.

Commenting on the quarter, CEO Evan Spiegel said:

“We’re now operating at the scale necessary to navigate significant headwinds, including changes to the iOS platform that impact the way advertising is targeted, measured, and optimized, as well as global supply chain issues and labor shortages impacting our partners.”

Snap Inc. (NYSE:SNAP) also issued its revenue outlook for the fourth quarter. It expects revenue in the range of $1.165 billion to $1.205 billion, well below the consensus forecast of $1.36 billion.

4. AT&T Inc. (NYSE:T)

Number of Hedge Fund Holders: 68

AT&T Inc. (NYSE:T) recently announced mixed financial results for the third quarter. The telecommunications giant reported adjusted earnings of 87 cents per share, up from 76 cents per share in the same period last year.

Revenue came in at $39.9 billion, compared to $42.3 billion in the year-ago quarter. Analysts were expecting AT&T Inc. (NYSE:T) to report earnings of 78 cents per share on revenue of $40.6 billion.

If we compare the performance of key segments, mobility revenue rose seven percent to $19.1 billion, and WarnerMedia revenue jumped 14.2 percent to $8.4 billion. In comparison, business wireline revenue fell 5.2 percent to $5.9 billion, while consumer wireline revenue increased 3.4 percent to $3.1 billion.

In addition, AT&T Inc. (NYSE:T) announced that it added 928,000 new phone subscribers in the quarter, beating expectations of 560,000. Moreover, total subscribers for both HBO and HBO Max increased by 1.9 million to 69.4 million versus the prior quarter.

3. Union Pacific Corporation (NYSE:UNP)

Number of Hedge Fund Holders: 69

Shares of Union Pacific Corporation (NYSE:UNP) hit an all-time high of $237.84 in the morning trading session on Friday, 22 October 2021, after posting strong profit and sales for the third quarter.

The railroad company reported earnings of $2.57 per share, beating the consensus forecast of $2.51 per share. Union Pacific Corporation (NYSE:UNP) had posted earnings of $2.01 per share for the same quarter last year.

Revenue for the quarter rose 13 percent on a year-over-year basis to $5.57 billion, ahead of the consensus forecast of $5.41 billion. Union Pacific Corporation (NYSE:UNP) also announced that it repurchased 8.6 million shares of its common stock during the quarter.

Speaking on the results, CEO Lance Fritz said in a statement:

“The Union Pacific team successfully navigated global supply chain disruptions, a major bridge outage, and additional weather events to produce strong quarterly revenue growth and financial results. In the quarter, the team delivered solid core pricing gains, leveraged business development to produce a positive business mix, and generated productivity to offset flat volume.”

2. Danaher Corporation (NYSE:DHR)

Number of Hedge Fund Holders: 78

Danaher Corporation (NYSE:DHR) recently announced better-than-expected financial results for the third quarter. The medical and diagnostics company reported adjusted earnings of $2.39 per share, well above $1.72 per share in the comparable period of 2020.

Revenue came in at $7.23 billion, compared to $5.88 billion in the same period last year. Analysts were expecting Danaher Corporation (NYSE:DHR) to report earnings of $2.15 per share on revenue of $7 billion.

Discussing the results, CEO Rainer Blair said:

“Our team delivered another outstanding result in the third quarter, with over 20% core revenue growth and terrific earnings and cash flow performance.  We continued to invest for growth across our businesses, expanding production capacity and accelerating innovation initiatives.  Additionally, the recently closed acquisition of Aldevron enhances our portfolio and expands our capabilities into the important field of genomic medicine.”

1. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 78

Shares of Intel Corporation (NASDAQ:INTC) fell sharply in the pre-market trading on Friday, 22 October 2021, despite beating expectations for the third quarter. The chipmaker giant reported adjusted earnings of $1.71 per share, ahead of the consensus forecast of $1.11 per share.

Intel Corporation (NASDAQ:INTC) had posted earnings of $1.08 per share for the comparable period of 2020. In addition, revenue for the quarter rose five percent on a year-over-year basis to $19.2 billion, beating expectations of $18.24 billion.

Revenue at the company’s biggest business, the client computing unit, slipped two percent on a year-over-year basis to $9.7 billion. Intel Corporation (NASDAQ:INTC) blamed component shortages for the decline.

Speaking on the results, CEO Pat Gelsinger said:

“Q3 shone an even greater spotlight on the global demand for semiconductors, where Intel has the unique breadth and scale to lead. Our focus on execution continued as we started delivering on our IDM 2.0 commitments. We broke ground on new fabs, shared our accelerated path to regain process performance leadership, and unveiled our most dramatic architectural innovations in a decade. We also announced major customer wins across every part of our business.”

Intel Corporation (NASDAQ:INTC) also released its financial outlook for the fourth quarter and full year. For the fourth quarter, it expects adjusted earnings of 90 cents per share on revenue of about $19.2 billion. This compares to the consensus forecast of $1.01 per share for earnings and $18.25 billion for revenue.

For the full year, the company expects adjusted earnings of $5.28 per share on revenue of about $77.7 billion, compared to analysts’ average estimate of $4.79 per share for earnings and $73.59 billion for revenue.

You can also take a peek at Top 10 SPACs to Buy According to Richard Gerson’s Falcon Edge Capital and 10 Best Oil Stocks To Buy According To Hedge Funds.

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