Strong progress in cloud helps NetApp beat earnings forecast

Data storage pioneer NetApp Inc. posted strong fiscal fourth-quarter financial results today, beating analysts’ expectations thanks to sustained growth in its public cloud services offerings.

The company reported a profit before certain costs such as stock compensation of $1.17 per share on revenue of $1.56 billion for the quarter, up from $1.4 billion in sales in the year-ago period. That was not a bad performance, coming in just above Wall Street’s model of $1.12 per share in earnings and $1.5 billion in revenue. For the full year, NetApp posted total revenue of $5.74 billion.

NetApp Chief Executive George Kurian (pictured) told shareholders that the quarter capped off a solid year of growth for the company.

“Our momentum underscores our value to customers in a hybrid, multicloud world,” he said. “We are gaining share in key storage markets and our public cloud services are at a scale where they are positively

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Deere raises earnings forecast, flags production risks

Deere & Co (DE.N) on Friday raised its full-year earnings on buoyant demand for farm and construction machines, but warned a global shortage of semiconductor chips posed a “significant” risk to its production schedule.

As the global economy roars back from the pandemic-induced recession, it is generating unusually high orders for parts and materials at a time when COVID-19 disruptions have caused capacity constraints all along the supply chain.

This has left manufacturers short of labor, steel, plastics, microchips and tires they need for their products, making it tougher to keep up with orders. read more

Deere said it is “cautiously optimistic” of fulfilling customer orders. The company revised up raw material and freight costs for the year to $1 billion, from $500 million estimated in February.

Supply constraints mean farm equipment inventories, which are at a record low, will remain lean this year, it said.

However, a combination of

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Edited Transcript of BEZG.L earnings conference call or presentation 23-Jul-20 10:00am GMT

LONDON Sep 1, 2020 (Thomson StreetEvents) — Edited Transcript of Beazley PLC earnings conference call or presentation Thursday, July 23, 2020 at 10:00:00am GMT

Ladies and gentlemen, thank you for joining us for the Beazley Interim Results Call. My name is Chat, and I’ll be the coordinator for this conference. (Operator Instructions) I’d now like to hand over to Andrew Horton, EO, to begin the call. Please go ahead, Andrew.

Thank you. Good morning, everyone, and welcome to our half year results presentation. If I move on to — go through the disclaimer and move on to the third slide in the presentation, it’s going to be the usual Beazley half year presentation in a slightly unusual format as Sally and I are sitting here in the office for the first time since March 17.

We have a special guest star, who’s Richard Montminy, who’s our Head of Property, who’s … Read More

Capitala Finance (CPTA) Q2 Earnings Expected to Decline

Wall Street expects a year-over-year decline in earnings on lower revenues when Capitala Finance (CPTA) reports results for the quarter ended June 2020. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on August 4, 2020, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management’s discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it’s worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This business development company is expected to post quarterly earnings of $0.03 per share in

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