Revenues and profits: Amgen, Activision Blizzard, Microchip, Ralph Lauren

4 August 2021 04.08.2021
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Revenues and profits: Amgen, Activision Blizzard, Microchip, Ralph Lauren

Company reports

Amgen released its second-quarter results on Tuesday, beating analysts' estimates. The earnings figure exceeded forecasts.

The company reported earnings per share of $4.38 and revenues of $6.53B.

Amgen's share price, up 6% this year, has performed worse than the average according to the S&P 500 index, up 17% since the beginning of the year.

Activision Blizzard report

Activision Blizzard also reported results for the second quarter. The revenue figure exceeded forecasts.

The company reported earnings per share of $0.91 and revenues of $1.92B.

Activision Blizzard shares gained 1.59% to trade at $78.59 at the after market close, according to the report.

Activision Blizzard's share price, down 13% this year, has performed worse than average according to the S&P 500 index, having risen 17% since the start of the year.

Microchip report

Microchip released a report on Tuesday with first-quarter results that beat analysts' estimates. The revenue figure exceeded forecasts.

The company reported earnings per share of $1.98 and revenues of $1.57B.

Microchip's stock price, up 6% this year, has performed worse than the average according to the Nasdaq 100 index, having risen 16% since the beginning of the year.

ConocoPhillips report

ConocoPhillips (NYSE:COP) reported second-quarter results on Tuesday that beat analysts' estimates. The earnings figure fell short of forecasts.

The company reported earnings per share of $1.27 and revenue of $9.72B.

ConocoPhillips shares rose 2.00% to trade at $56.49 intraday, according to the report.

ConocoPhillips shares, up 41% this year, have performed better than the S&P 500 Index overall, rising 17% since the start of the year.

Ralph Lauren report

US luxury goods maker Ralph Lauren Corp on Tuesday reported a sharp jump in quarterly sales and raised its full-year revenue forecast thanks to a rebound in demand for luxury goods.

Ralph Lauren now expects revenue in fiscal 2022 to grow 25-30% instead of the previous estimate of 20-25% growth.

The company's net revenues jumped almost three times year on year to $1.38 billion in the quarter ended 26 June.

Ralph Lauren posted an adjusted profit of $2.2 in the previous quarter.

Section

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