Walt Disney Fiscal Q4 Non-GAAP Earnings, Revenue Rise

/ / Consumer Discretionary /

Walt Disney (DIS) reported fiscal Q4 non-GAAP earnings Wednesday of $0.82 per diluted share, up from $0.30 a year earlier. Analysts polled by Capital IQ expected $0.71. Revenue for the quarter ended Sept. 30 was $21.24 billion, up from $20.15 billion a year earlier. Analysts surveyed by Capital IQ expected $21.41 billion. “We continue to aggressively manage our cost base, and have increased our annualized efficiency target to $7.5 billion, versus $5.5 billion previously,” the company said.

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Occidental Petroleum Q3 Adjusted Earnings, Revenue Decline

/ / Energy /

Occidental Petroleum (OXY) reported Q3 adjusted diluted earnings late Tuesday of $1.18 per share, down from $2.44 a year ago. Analysts polled by Capital IQ expected $0.86 normalized. Revenue for the quarter that ended Sept. 30 was $7.40 billion, down from $9.50 billion a year earlier. Analysts surveyed by Capital IQ expected $6.96 billion.

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CFRA Maintains Hold Recommendation On Shares Of Gartner Inc.

/ / Technology /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target price to $412 from $355 on a P/E of 36x, below its 3-year historical average using our 2024 EPS view. We increase our 2023 EPS forecast to $10.95 from $10.05 and 2024 EPS estimate to $11.45 from $11.07. IT posted revenue of $1.4B for Q3, above consensus by $10M, and non-GAAP EPS of $2.56 beats by $0.60. Modest sales growth of 5.8% Y/Y was the result of continued pressures to demand and tough comparisons from the prior year – Research revenue was up 6% Y/Y from decelerating contract value growth (GTS +3.4% Y/Y, GBS +7.1% Y/Y), and slight contractions in wallet and retention rates. This was offset by outperformance in Consulting (+24.1% Y/Y, vs 12/6% Y/Y in Q3 2022). However, the share

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Apple Q4 2023 Earnings Call Transcript

/ / Technology /

Company Management Luca Maestri – CFO Suhasini Chandramouli – Director of Investor Relations Tim Cook – CEO Analysts Aaron Rakers – Wells Fargo Securities Amit Daryanani – Evercore ISI Ben Reitzes – Melius Research David Vogt – UBS Erik Woodring – Morgan Stanley Harsh Kumar – Piper Sandler Krish Sankar – TD Cowen Michael Ng – Goldman Sachs Group Richard Kramer – Arete Research Wamsi Mohan – Bank of America Operator Certainly. We will go ahead and take our first question from Mike Ng of Goldman Sachs. Please go ahead. Michael Ng Hey. Good afternoon, and thank you very much for the questions. I just have a question on iPhone storage and demand versus iCloud. As demand for storage grows, are you seeing a mix-shift towards higher storage iPhone models or are consumers mostly opting for the same because of increased uptake of iCloud+? What are some of the strategic

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