- Tesla, AT&T and Microsoft top quarterly earnings estimates
- ServiceNow shares up 10% after Q4 earnings beat
- Boeing misses Q4 2020 estimates
Tesla grew Q4 sales 65% YoY
Tesla Inc. (NASDAQ: TSLA) shares dropped 5% on Wednesday amid supply chain concerns but recovered after the company indicated that its Q4 sales and profit topped Wall Street estimates. The EV maker's factories have been running below capacity in recent quarters because of supply chain constraints, and this trend is likely to continue this year.
The company posted a net income of $2.3 billion or $2.5 per share, and on an adjusted basis, income was $2.54 per share. During the quarter, the company reported sales of $17.7 billion, a YoY growth of 65%.
ServiceNow jumps 10% on quarterly results
ServiceNow Inc. (NYSE: NOW) shares jumped 10% after hours after the company reported that its fiscal Q4 results beat consensus estimates. The company had a net income of $26 million or $0.13 per share. Its earnings on an adjusted basis were $1.46 per share compared to $1.17 per share a year ago.
Revenue during the quarter was $1.61 billion compared to $1.25 billion a year ago. Analysts had expected the company to post earnings of $1.43 per share on revenue of $1.6 billion.
Microsoft top Q2 2022 EPS estimates
Microsoft Corp (NASDAQ: MSFT) shares were up almost 4% after the company delivered Q2 2022 revenue and earnings that beat estimates. The company’s shares had dropped initially but bounced back after the company issued guidance exceeding expectations.
In fiscal Q4 2022, the company reported earnings of $2.48 per share on revenue of $51.7 billion. Analysts had predicted that the company would post earnings of $2.32 per share on revenue of $50.7 billion.
Boeing reported 4% revenue growth in Q4 2021
Boeing (NYSE: BA) delivered unimpressive Q4 2021 results, with the company missing both earnings and revenue projections. The company reported a 4% growth in revenue in Q4 to $14.79 billion, missing consensus estimates of $16.86 billion. For the whole year, the company had a revenue of $62.29 billion.
Loss per share during the fourth quarter was $7.69, missing estimates of $7.39 per share. In fiscal 2021 Boeing reported a loss per share of $9.44.
AT&T tops Q4 estimates
AT&T (NYSE: T) reported Q4 results that topped estimates as the company continues to grow its postpaid phone users and HBO Max subscribers. The company reported revenue of $40.96 billion versus consensus estimates of $40.68 billion, but YoY revenue was down 10%.
During the quarter, the company had earnings of $0.69 per diluted share, and on an adjusted basis EPS was $0.78, beating estimates of $0.76.
