Harley-Davidson (HOG) stock jumps after Q3 results beat Street view. Shares of Harley-Davidson, Inc. (NYSE: HOG) rose sharply early Tuesday after the superbike maker reported third-quarter results that beat estimates. Third-quarter profit came in at $120 million or $0.78 per share, compared to $87 million or $0.55 per share in the same period of last year. Analysts were looking for a smaller bottom-line number. Adjusted earnings advanced to $1.05 per share from $0.70 per share in the third quarter of 2019. Meanwhile, total revenues dropped 8% annually to $1.17 billion in the third quarter but exceeded the consensus forecast.

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Juniper Networks Inc  (NYSE: JNPR) Q3 2020 earnings call dated Oct. 27, 2020.

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What awaits Juniper Networks (JNPR) in the post-pandemic era -- Strong cash position and effective cost management should help the management continue with its expansion plan. When the virus outbreak rattled markets in recent months, one sector that remained less affected was information technology. As the uncertainty deepens, networking solutions provider Juniper Networks, Inc. (NYSE: JNPR) sees both headwinds and benefits in the second half of the year.

Jess Lubert — Vice President, Investor Relations

Rami Rahim — Chief Executive Officer

Ken Miller — Executive Vice President and Chief Financial Officer

Ittai Kidron — Oppenheimer — Analyst

Rod Hall — Goldman Sachs — Analyst

Paul Silverstein — Cowen and Company — Analyst

Sami Badri — Credit Suisse — Analyst

Tim Long — Barclays — Analyst

Samik Chatterjee — JP Morgan — Analyst

Simon Leopold — Raymond James — Analyst

Amit Daryanani — Evercore — Analyst

Aaron Rakers — Wells Fargo — Analyst

Jeff Kvaal — Wolfe Research — Analyst

Meta Marshall — Morgan Stanley — Analyst

Advanced Micro Devices, Inc. (NASDAQ: AMD) Q3 2020 earnings call dated Oct. 27, 2020

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Semiconductor company Advanced Micro Devices, Inc. (NASDAQ: AMD) Tuesday said its third-quarter revenues grew 56% as demand conditions continued to improve. Consequently, earnings increased and surpassed the consensus estimate. Separately, the company announced the acquisition of rival chipmaker Xilinx (XLNX). In the September quarter, revenues surged 56% year-over-year to $2.8 billion, which is also above the market’s projection. Adjusted net income was $0.41 per share, compared to $0.18 per share in the third quarter of 2019. Analysts had predicted a slower bottom-line growth. Net income, including special items, jumped to $390 million or $0.32 per share from $120 million or $0.11 per share in the year-ago quarter. In a separate statement, the company said it signed an agreement to acquire Silicon Valley tech firm Xilinx, Inc. for $35 billion. The transaction, which is expected to close by the end of the calendar year 2021, will be immediately accretive to AMD’s margins, earnings, and free cash flow

Ruth Cotter — Senior Vice President, Worldwide Marketing, Human Resources and Investor Relations

Dr. Lisa Su — President and Chief Executive Officer

Devinder Kumar — Senior Vice President, Chief Financial Officer and Treasurer

Victor Peng — President and Chief Executive Officer of Xilinx, Inc.

Matt Ramsay — Cowen and Company — Analyst

Vivek Arya — Bank of America Merrill Lynch — Analyst

Toshiya Hari — Goldman Sachs — Analyst

Stacy Rasgon — Bernstein Research — Analyst

Mark Lipacis — Jefferies & Company — Analyst

Joseph Moore — Morgan Stanley — Analyst

John Pitzer — Credit Suisse — Analyst

Hans Mosesmann — Rosenblatt Securities — Analyst

Aaron Rakers — Wells Fargo — Analyst

Microsoft Corp. (NASDAQ: MSFT) Q1 2021 earnings call dated Oct. 27, 2020

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Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported higher revenues and earnings for the first quarter of 2021. The results also topped expectations and the software giant’s shares rose during the extended trading session. At $37.2 billion, first-quarter revenues were up 12% from the comparable period of fiscal 2020 and above analysts’ forecast. Server products and cloud services revenue avanced 22%, with Azure revenue gaining 48%. Net income came in at $13.9 billion or $1.82 per share in September-quarter, compared to $10.7 billion or $1.38 per share in the first quarter of 2020. The bottom-line also came in above estimates. Commenting on the results, Microsoft’s CEO Satya Nadella said, “The next decade of economic performance for every business will be defined by the speed of their digital transformation. We are innovating across our full modern tech stack to help our customers in every industry improve time to value, increase agility, and reduce costs.”

Michael Spencer — General Manager, Investor Relations

Satya Nadella — Chief Executive Officer

Amy Hood — Executive Vice President and Chief Financial Officer

Keith Weiss — Morgan Stanley — Analyst

Heather Bellini — Goldman Sachs — Analyst

Mark Moerdler — Bernstein Research — Analyst

Phil Winslow — Wells Fargo — Analyst

Karl Keirstead — UBS — Analyst

Brent Thill — Jefferies — Analyst

Keith Bachman — BMO — Analyst

Brent Bracelin — Piper Sandler — Analyst

Eli Lilly & Co. (NYSE: LLY) Q3 2020 earnings call dated October 27, 2020

Dave Ricks, Lilly’s Chairman and CEO; Josh Smiley, Chief Financial Officer; Dr. Dan Skovronsky, Chief Scientific Officer; Anne White, President of Lilly Oncology; Patrik Jonsson, President of Lilly Bio-Medicines; and Mike Mason, President of Lilly Diabetes. 

Pfizer (PFE) posts mixed results in Q3

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Pfizer Inc (NYSE: PFE) reported third-quarter 2020 financial results before the opening bell on Tuesday. The pharmaceutical giant reported a 4% decline in Q3 revenues to $12.1 billion, which fell short of the Wall Street consensus. Earnings of $0.72 per share were, meanwhile a cent higher than what analysts had anticipated.

PFE shares fell 0.2% immediately following the announcement. The stock has fallen 2.5% since the beginning of this year. CFO Frank D’Amelio said, “In the first nine months of the year, our Biopharma business grew 7% operationally, despite a COVID-19-related negative impact of approximately 2%, driven by the strong performance of many of our key brands. This performance adds to our confidence in our ability to achieve our expectation of at least a 6% compound annual revenue growth rate through 2025 for New Pfizer.”

Meanwhile, shares of Merck & Co., Inc. (NYSE: MRK) gained 1.65% after reporting Q3 earnings and sales that topped street targets.

JBLU Earnings: All you need to know about JetBlue Airways Q3 2020 earnings results

JetBlue Airways Corporation (NASDAQ: JBLU) reported third quarter 2020 earnings results today. Total operating revenues declined 76% year-over-year to $492 million. The company reported a net loss of $393 million, or $1.44 per share, compared to net income of $187 million, or $0.63 per share, last year. Adjusted loss per share amounted to $1.75. The results were better than market expectations.

David Fintzen — Vice President, Investor Relations

Robin Hayes — Chief Executive Officer

Joanna Geraghty — President and Chief Operating Officer

Steve Priest — Chief Financial Officer

Scott Laurence — Head of Revenue and Planning

Jamie Baker — J.P. Morgan — Analyst

Duane Pfennigwerth — Evercore ISI — Analyst

Catherine O’Brien — Goldman Sachs — Analyst

Darryl Genovesi — Vertical Research Partners — Analyst

Helane Becker — Cowen and Company — Analyst

Brandon Oglenski — Barclays — Analyst

Savanthi Syth — Raymond James & Associates — Analyst

Joseph DeNardi — Stifel — Analyst

Myles Walton — UBS — Analyst

Michael Linenberg — Deutsche Bank — Analyst

Merck & Co. Inc. (NYSE: MRK) Q3 2020 earnings call dated Oct. 27, 2020

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Merck & Co., Inc. (NYSE: MRK) reported stronger than expected earnings and sales for the third quarter of 2020. The company’s stock gained early Tuesday immediately after the announcement. Worldwide sales edged up 1% year-over-year to $12.55 billion and far exceeded expectations. Excluding foreign exchange impacts, sales grew 2%. The top-line benefitted from strength in the oncology and human health vaccines.

Net earnings, on an adjusted basis, rose to $1.74 per share from $1.51 per share in the third quarter of 2019 and surpassed the market’s forecast.

Hasbro Inc. (NASDAQ: HAS) Q3 2020 earnings call dated Oct. 26, 2020

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Net revenues fell 4% year-over-year to $1.78 billion. Net income was $220.9 million, or $1.61 per share, versus $216.5 million, or $1.57 per share, in the same period last year. Adjusted net earnings were $258.9 million, or $1.88 per share.

Debbie Hancock — Senior Vice President, Investor Relations

Brian D. Goldner — Chairman of the Board and Chief Executive Officer

Deborah M. Thomas — Executive Vice President & Chief Financial Officer

Stephanie Wissink — Jefferies — Analyst

Eric Handler — MKM Partners — Analyst

Felicia R. Hendrix — Barclays Capital Inc. — Analyst

Arpine H. Kocharyan — UBS Securities LLC — Analyst

Dave Beckel — Berenberg Capital Markets — Analyst

Tami Zakaria — J.P. Morgan — Analyst

Drew E. Crum — Stifel Nicolaus — Analyst

Michael Ng — Goldman Sachs — Analyst

Devin Brisco — Bank of America Merrill Lynch — Analyst

Gerrick L. Johnson — BMO Capital Markets — Analyst

Jim Chartier — Monness Crespi Hardt — Analyst

Abbott Laboratories  (NYSE: ABT) Q3 2020 earnings call dated Oct. 21, 2020

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Abbott (NYSE: ABT) today announced its third quarter financial results for the period ended September 30, 2020. Net earnings for the third quarter was $1.23 billion, or $0.69 per share, compared to net earnings of $960 million, or $0.53 per share in the third quarter of 2019. Total net sales increased 10% to $8.9 billion.

Scott Leinenweber — Vice President of Investor Relations, Licensing and Acquisitions

Robert B. Ford — President and Chief Executive Officer

Robert E. Funck — Executive Vice President of Finance and Chief Financial Officer

David Lewis — Morgan Stanley — Analyst

Vijay Kumar — Evercore ISI — Analyst

Robbie Marcus — JPMorgan — Analyst

Larry Biegelsen — Wells Fargo — Analyst

Bob Hopkins — Bank of America — Analyst

Joanne Wuensch — Citigroup — Analyst

Josh Jennings — Cowen and Company — Analyst