HomeNewsMarket Highlights: Five stocks making headlines after the earnings release

Market Highlights: Five stocks making headlines after the earnings release

Ruchi Gupta

Alphabet shares jump on better than anticipated results 

Alphabet Inc. (NASDAQ: GOOGL) shares were up almost 9% in extended trading after the company posted better than anticipated results for fiscal Q4 2021. The company reported a net income of $20.64 billion or $30.69 per share and revenue of $75.3 billion, representing annualized growth of 32%.

Analysts had estimated that the company could post EPS of $27.34 on revenue of $72.17 billion. Cloud revenue grew 45% ahead of consensus estimates, while ad revenue was 33%.

General Motors’ Q4 revenue impacted by supply constraints

General Motors Company (NYSE: GM) has announced fiscal Q4 earnings that beat estimates, but revenue missed consensus estimates because of supply chain constraints. The company reported earnings of $1.7 billion or $1.16 per share. On an adjusted basis, the company earned $1.35 per share.

The legacy automaker reported sales of $33.6 billion in the fourth quarter compared to $37.5 billion a year ago. FactSet consensus estimates were adjusted EPS of $1.16 on sales of $35.8 billion.

Starbucks reports mixed Q4 results

Starbucks Corp (NASDAQ: SBUX) shares were down 5% after hours after the company reported lower-than-expected earnings, but sales topped Street estimates. However, the company missed operating margins across all its segments.

Net income during the quarter was $815.9 million or $0.69 per share. On an adjusted basis, the company reported $0.72 per share earnings. Starbucks reported 19% YoY growth in revenue. FactSet analysts had predicted EPS of $0.8 on revenue of $7.98 billion.

AMC releases interim Q4 results

AMC Entertainment Holdings (NYSE: AMC) shares were up 15% after the company announced interim Q4 2021 unaudited results. The results will be subject to necessary financial reporting processes.

The company anticipates total revenue of $1.17 billion, which will be $162 million more than what the company reported a year ago. Also, net loss is expected to be between $194 million and $114 million. Adjusted EBITDA will equally be between $151.8 million and $146.8 million.

UPS releases earnings and provides FY2022 guidance

UPS (NYSE: UPS) has released its Q4 2021 results and offered FY2022 guidance. In the fourth quarter, the company had consolidated revenue of $27.8 billion, a YoY growth of 11.5% and beating consensus estimates of $27.01 billion.

Q4 2021 earnings were $3.52 per diluted share, a 35% YoY increase and better than the consensus EPS of $3.06. for fiscal 2022 the company anticipates revenue of $102 billion, topping estimates of $100 billion.