HomeNewsMarket Highlights: Five stock making headlines on earnings release

Market Highlights: Five stock making headlines on earnings release

Ruchi Gupta
  • Chevron missed Q4 earnings estimates delivering mixed results
  • Caterpillar shares dip despite topping earnings estimates
  • Macdonald’s reports weaker than anticipated Q4 results

Chevron misses Q4 consensus earnings estimates

Chevron Corporation (NYSE: CVX) released mixed its Q4 2021 results with revenue topping estimates while earnings missed consensus estimates. The company reported earnings of $5.1 billion, translating to $2.63 per diluted share. However, on an adjusted basis, the company had earnings of $4.9 billion or $2.56 per share, missing consensus estimates of $2.99 per share.

In Q4, the company had revenue of $48.13 billion, beating consensus estimates of $44.52 billion. The company also declared a quarterly dividend of $1.34 per share in 2021.

Charter Communications report mixed results

Charter Communications (NASDAQ: CHTR) topped its Q4 2021 EPS estimates at $8.93 per share, beating estimates of $6.96 per share. But, surprisingly, revenue came short of analysts' consensus estimates with revenue of $13.2 billion, slightly missing estimates of $13.25.

Revenue was up 4.7% during the quarter, with the increase driven by 5.1% growth in residential revenue, a 4.8% increase in commercial revenue, and 47.5% growth in mobile revenue. However, the growth was offset partially by the 28.2% decline in ad sales revenue.

Caterpillar shares dip despite an earnings beat

On Friday, Caterpillar Inc. (NYSE: CAT) shares dropped 6% after the company reported revenue and earnings beat in Q4 2021. The company reported a net income of $2.12 billion or $3.91 per share compared to $780 million of $1.42 per share a year ago. In adjusted basis, the company had EPS of $2.69 per share.

Revenue was $13.80 billion representing 22.8% YoY growth. Analysts had expected revenue of $13.17 billion and EPS of $2.26. The cost of sales was up 28.5% to $10 billion.

MacDonald’s reports weaker than anticipated Q4 results

McDonald’s Corporation (NYSE: MCD) shares were moving in range on Friday despite the company reporting weaker than anticipated Q4 results. The company had revenue of $6 billion, representing annualize increase of 13%. Non-GAAP EPS was $2.23 per share, missing in estimates by $0.11.

Despite the earnings and revenue miss, the company saw a 12.3% increase in comp sales, with the restaurant chain delivering a 7.5% gain YoY in comparable sales in the US.