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870 days ago

#TheHomeDepot reports great #thirdquarter #results, with $36.8 billion in sales, a 9.8% increase since the previous year

Once again, one should never underestimate the American consumer. The company was also able to report net earnings of $4.1 billion for the same period, compared with $3.4 billion last year. "As evidenced by our strong performance in the quarter, our team continues to do an outstanding job of operating with flexibility and agility," said Craig Menear, chairman and CEO.

#Stocks
#TheHomeDepot reports great #thirdquarter #results, with $36.8 billion in sales, a 9.8% increase since the previous year

871 days ago

Johnson & Johnson (#JNJ), the 135-year-old personal care and home goods firm known for developing the #Band-Aid, plans to #split into two publicly traded companies.

The new Johnson companies would both be quite large, as we can see in the graphic. A business of this size could take up to two years to breakup successfully, but should help JNJ’s health side prosper beyond the reputational baggage the consumer side carries around its Talc liabilities and opioid products.

#Stocks

874 days ago

#Toyota said that their factories would return to normal #production in December, first sign of #supplychain ease

Automaker Toyota said that they would start making up for lost production in December, as their factories in Japan will return to a normal production level for the first time in seven months. Toyota said it plans to produce about 800,000 vehicles globally in December, up from about 760,000 a year earlier, for a total of 9 million vehicles for the fiscal year ending in March 31st. This is the first sign that the auto chip shortage, which initiated supply chain disruptions issues, is easing. Source: Reuters

#Stocks
#Toyota said that their factories would return to normal #production in December, first sign of #supplychain ease

875 days ago

#ElonMusk sold $5B worth of #Tesla shares after having asked his 63M #Twitter followers whether he should sell 10% of his stake

The company's shares fell by around 16% in the two days after the poll came out in favour of him selling shares, before regaining some ground on Wednesday, closing at $1067.95 The documents showed that the sale of about a fifth of the shares was made based on a pre-arranged trading plan set up in September, but regulatory filings also showed that sales of the remaining shares had not been scheduled. Source: BBC, FT, Reuters

#Stocks
#ElonMusk sold $5B worth of #Tesla shares after having asked his 63M #Twitter followers whether he should sell 10% of his stake

876 days ago

#PayPal shares tumbled 10.5% yesterday after disappointing #quarterlyearnings, along with a shy 4th quarter #forecast

Estimates were missed, but not by much, with a $6.18 billion quarterly revenue compared to a $6.23 billion estimate. The stock has been through its worse day in over 20 months. Source: CNBC, Refinitv

#Stocks #Technology
#PayPal shares tumbled 10.5% after disappointing #quarterlyearnings, along with a shy 4th quarter #forecast
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