Earnings Roundup: MSFT, AMZN, AXP, COF, SNDK, MOS, ETFC
Thursday, July 22, 2021 7:01 PM

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Software giant Microsoft Corp. (NASDAQ: MSFT) said Thursday that its fiscal fourth-quarter profit jumped 48% from last year, helped by strong sales of its Windows 7 operating system and the recently launched Office 2010 software suit. Net income climbed to $4.5 billion or 51 cents a share, from $3 billion or 34 cents a share in the prior-year quarter. Revenue grew 22% to $16.04 billion from $13.1 billion in the same quarter last year. Analysts, on average, expected the company to report earnings of 46 cents a share on revenue of $15.27 billion.

Amazon.com Inc. (NASDAQ: AMZN) said late Thursday that its second quarter net income surged 45% to $207 million, or 45 cents a share, from $142 million, or 32 cents a share, in the corresponding quarter a year ago. Revenue increased 41% to $6.57 billion from $4.65 billion. Analysts, on average, expected the company to report earnings of 54 cents per share on revenue of $6.54 billion. Looking ahead to the third quarter, Amazon said that it expects to report revenue in the range of $6.9 billion to $7.6 billion. Analysts currently expect the company to report $7.16 billion for the quarter. Shares of the company plunged more than 11% in after-hours trading.

American Express Co. (NYSE: AXP) said late Thursday that its second-quarter net income surged to $1 billion, or 84 cents a share, from $337 million, or 9 cents a share, in the comparable quarter last year. Revenue rose 13% to $6.9 billion from $6.09 billion. Analysts, on average, expected the company to report earnings of 78 cents a share on revenue of $6.84 billion. 

Capital One Financial (NYSE: COF) reported late Thursday that it swung to a second-quarter profit of $608 million, or $1.33 per share, compared with a loss of $277 million, or 66 cents a share, in the year-earlier quarter. Revenue climbed to $3.9 billion from $3.18 billion. Analysts, on average, expected the company to report earnings of 88 cents per share on revenue of $3.96 billion. 

SanDisk Corp. (NASDAQ: SNDK) on Thursday reported that its second-quarter profit surged to $257.9 million, or $1.08 a share, from $52.5 million, or 23 cents a share, in the year-ago quarter. Revenue grew to $1.18 billion from $730.6 million. Analysts, on average, expected the company to report earnings of 90 cents per share on revenue of $1.16 billion. Shares of the company slumped more than 7% in extended trading.

Mosaic Co. (NYSE: MOS) said late Thursday that its fiscal fourth-quarter net income jumped to $396.1 million, or 89 cents per share, from $146.9 million, or 33 cents per share, in the year-earlier quarter. Revenue increased to $1.9 billion from $1.6 billion. Analysts, on average, expected the company to report earnings of 87 cents per share on revenue of $2.14 billion. 

E-Trade Financial Corp. (NASDAQ: ETFC) reported Thursday that it swung to a second-quarter profit of $35 million, or 12 cents a share, compared to a loss of $143 million, or $2.16 a share, in the comparable period last year. Revenue dropped to $534 million, down from $621 million in the year-ago period. Analysts, on average, expected the company to report a loss of 11 cents per share on revenue of $299.38 million. Shares of E-Trade Financial soared more than 7% in evening trading. 

Disclosure: Author doesn’t own any of the stocks discussed here.

 

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