"Boeing posts another big loss; sees 'inflection point' as COVID-19 recovery takes shape"
"Boeing (BA) on Wednesday reported a wider than expected loss during the first quarter, as the aerospace giant continued its slow recovery from the double-barreled blast of COVID-19 and the idling of its flagship 737 MAX plane, grounded for nearly a year.
Here are key metrics from the report, versus what Wall Street was expecting, according to a consensus forecast compiled by Bloomberg:
Revenue: $15.2 billion vs $15.12 billion expected
Adjusted loss per share: $1.53 vs 90 cents expected
GAAP share loss: 92 cents vs. 56 cents expected
Operating cash flow: -$3.4 billion vs. $142.87 million expected"
Good news for ME! Yeah, I love Buffett and blessed departed john Bogle. But my favorite investor is me! And me owns lots of ROK.
"Rockwell Automation (ROK) Beats on Q2 Earnings, Hikes '21 View"
"Rockwell Automation Inc. ROK reported adjusted earnings of $2.41 in second-quarter fiscal 2021 (ended Mar 31, 2021), beating the Zacks Consensus Estimate of $2.15. The bottom line, however, declined 2.4% year over year primarily due to the reinstatement of incentive compensation and a higher adjusted effective tax rate.
Including one-time items, the company’s earnings came in at $3.54 per share, reflecting a significant improvement from the year-ago quarter’s $1.13.
Total revenues were $1,776 million, up 5.6% from the prior-year quarter. The top line beat the Zacks Consensus Estimate of $1,703 million. Organic sales in the quarter were up 1.3%, currency translation had a positive impact of 2.4%. Further, acquisitions contributed 1.9% to sales." Alas, ROK shares are now off slightly.
"Apple Sales Crush Estimates on Surging Device Demand"
"(Bloomberg) -- Apple Inc. reported quarterly revenue that crushed Wall Street expectations, fueled by sales of the 5G iPhone 12 line and purchases of iPads and Macs as people continued to work and learn from home.
The Cupertino, California-based technology giant reported fiscal second-quarter sales of $89.6 billion, up 54% from the same period in 2020. Analysts, on average, estimated $77.3 billion, according to data compiled by Bloomberg. Profit was $1.40 a share, also easily topping Wall Street forecasts.
“iPad and Mac sales nearly doubled, showing the strength of the PC market and education channels,” said Shannon Cross, an analyst at Cross Research. “These results also show their control over the supply chain and their ability to outmaneuver competitors.”
The world’s largest technology company has mostly thrived during the pandemic. Supply chains were thrown off kilter early on last year, however, millions of people were forced to work and study from home, firing up demand for iPhones, iPads and Mac computers. Now that vaccinations are spreading and some consumers are returning to the office and school, Apple will have to work hard to maintain such high levels of interest in its devices.
“This quarter reflects both the enduring ways our products have helped our users meet this moment in their own lives, as well as the optimism consumers seem to feel about better days ahead for all of us,” Apple Chief Executive Officer Tim Cook said in a statement.
The stock rose about 2% in extended trading, after closing at $133.58 in New York. The shares have lagged behind other big tech companies so far this year."
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