Soft drink maker Keurig Dr Pepper (NYSE: KDP) reported higher revenues and earnings for the first quarter of 2020. The company’s stock gained soon after the announcement as the results surpassed the forecast.
Net earnings, adjusted for special items, moved up to $0.29 per share from $0.25 per share in the first quarter of 2019. Reported profit, meanwhile dropped to $156 million or $0.11 per share from $230 million or $0.16 per share last year. Net sales rose 4% annually to $2.61 billion. The results also topped expectations.
Shares of Keurig Dr Pepper closed Monday’s regular session lower, but swung to the positive territory following the earnings report. After suffering a massive loss nearly two years ago, the stock is still struggling to regain strength. It has lost 11% since the beginning of the year.
Micron Technology Inc. (NASDAQ: MU) Thursday said its fourth-quarter profit declined from last year, hurt by a sharp fall in revenues. Earnings, however, beat the market’s projection. On an adjusted
Shares of Philip Morris International Inc. (NYSE: PM) were down 1% on Thursday. The stock has dropped over 9% year-to-date. Although the tobacco industry has felt the pinch of inflation,
CarMax, Inc. (NYSE:KMX) reported second quarter 2023 earnings results today. Net revenues rose 2% year-over-year to $8.1 billion. Net earnings were $125.9 million, or $0.79 per share, compared to $285.2 million,