Author: Shushwi Shekhar

MasterCard released its Q3 earnings reports on Thursday before the market opened. The company has reported net income of $2.4 billion and diluted earnings per share of $2.44. Key Highlights Third-quarter net income of $2.4 billion, and diluted earnings per share (EPS) of $2.44Third-quarter adjusted net income of $2.3 billion, and adjusted diluted EPS of $2.37Third-quarter net revenue of $5.0 billion, an increase of 30%, or 29% on a currency-neutral basisThird-quarter gross dollar volume up 20% and purchase volume up 23% “We saw continued momentum across the business as we delivered strong revenue and earnings growth again this quarter. Our…

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Shiba Inu hits a new record as Robinhood CEO suggested that coin might be added to its trading platform. According to data available on Coin Market Cap the price of coin has risen another 35.80% in the past 24 hours to $0.00006425 with a trading value of $20, 583,260,527. The price grew by 9.37% in just the past hour. Coinbase Global Inc. added the SHIB token, as it’s known, last month on its trading platform. It’s currently the 11th biggest crypto with a market cap of nearly $28 billion. The comments came after a petition on Change.org titled “Kindly request of…

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The Kraft Heinz Company released its FY 2021 Q3 earnings call on Wednesday before market opened. The company has reported diluted EPS $0.59 up by 20.4% versus the period a year ago. It has generated net income of $736 million. The company delivered results ahead of expectation, gaining traction to address inflation. Key Highlights Gross Profit: $2028 millionOperating Income: $1,156 millionNet Income/(loss): $736 millionNet Income/(loss) attributable to common shareholders: $733 millionDiluted EPS: $0.59Adjusted EPS: $0.65Adjusted EBTIDA: $1,479 million “I am incredibly proud of our Kraft Heinz team for delivering another quarter of results that exceed ourexpectations, even as we face…

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Coca Cola Company released its Q3 earnings on Wednesday before the market opened. It reports continued momentum and strong results in third quarter. It reported earning per share of $0.57 and generated revenue of $10.0 billion with an increase of 16% YOY. Highlights Global Unit Case Volume Grew 6%Net Revenues Grew 16%EPS Grew 41% to $0.57; Comparable EPS (Non-GAAP) Grew 18% to $0.65Organic Revenues (Non-GAAP) Grew 14%Operating Income Grew 26%Comparable Currency Neutral Operating Income (Non-GAAP) Grew 11%Operating Margin Was 28.9% Versus 26.6% in the Prior YearComparable Operating Margin (Non-GAAP) Was 30.0% Versus 30.4% in the Prior Year. “Our strategic transformation…

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Microsoft (NASDAQ: MSFT) reported its first-quarter results for 2022 after the market closed on Tuesday. It reported an earning of $2.71 per share with net revenue of $45.317 billion with an increase of 22% YoY. Key Highlights:   Revenue was $45.3 billion and increased 22%Operating income was $20.2 billion and increased 27%Net income was $20.5 billion GAAP and $17.2 billion non-GAAP, and increased 48% and 24%, respectivelyDiluted earnings per share was $2.71 GAAP and $2.27 non-GAAP, and increased 49% and 25%, respectivelyGAAP results include a $3.3 billion net income tax benefit explained in the Non-GAAP Definition section below Analysts Expectations:   EPS…

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