Q3 2024 Earnings Snapshots: Intel, AMD, Goldman Sachs, Ibotta, Nu Holdings, Kaiser Foundation, Occidental Petroleum, Nvidia, Creatd, Texas Instruments

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Q3 Earnings and Financial Snapshots for 2024

Intel Corporation

Revenue: $13.3 billion, down 6% from Q3 2023.
Gross Margin: 15.0% GAAP, 18.0% non-GAAP.
Operating Margin: (68.2)% GAAP, (17.8)% non-GAAP.
Net Income (loss): $(16.6) billion GAAP,$ (2.0) billion non-GAAP.
Earnings (loss) Per Share: $(3.88) GAAP,$ (0.46) non-GAAP.
Restructuring and Impairment Charges: $2.8 billion, including $3.1 billion in non-cash charges for asset impairments and accelerated depreciation.
Cash from Operations: $4.1 billion, with dividends of $0.5 billion paid.

AMD

Revenue: $6.8 billion, up 18% year-over-year.
Gross Margin: 50% GAAP, 54% non-GAAP.
Operating Income: $724 million GAAP, $1.7 billion non-GAAP.
Net Income: $771 million GAAP, $1.5 billion non-GAAP.
Diluted Earnings Per Share: $0.47 GAAP, $0.92 non-GAAP.
Segment Highlights: Record data center revenue of $3.5 billion, up 122% year-over-year; client segment revenue of $1.9 billion, up 29% year-over-year.

Goldman Sachs

Net Revenues: $12.70 billion.
Net Earnings: $2.99 billion.
Diluted Earnings Per Common Share (EPS): $8.40.
Annualized Return on Average Common Shareholders’ Equity (ROE): 10.4%.
Special Items: Reduced net earnings by $204 million, EPS by $0.62, and ROE by 0.8 percentage points.

Ibotta

Revenue: $98.6 million, up 16% year-over-year.
Net Income: $17.2 million.
Adjusted EBITDA: $36.5 million, representing a 37% margin.
Total Redemptions: Increased 43% to 97.4 million.
Redeemers: Grew 63% to 15.3 million.
Operating Cash Flow: $39.5 million.
Free Cash Flow: $36.7 million.

Nu Holdings Ltd.

Q3 Earnings: Surpassed estimates.
Financial Highlights: Detailed financial results not provided in the reference content.

Kaiser Foundation Health Plan, Inc.

Operating Revenues: $29.0 billion for Q3 2024.
Operating Expenses: $29.6 billion for Q3 2024.
Operating Loss: $608 million for Q3 2024.
Net Income: $845 million for Q3 2024.
Membership: Nearly 12.5 million as of September 30, 2024.

Occidental Petroleum (OXY)

Q3 2024 Earnings Call: Reported but detailed financials not provided in the reference content.

Nvidia (NVDA)

Stock Price Prediction: If NVDA surpasses earnings estimate, stock price could exceed $150 and target $160. If it misses, the stock price might drop to $131-$139.

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Analysts' Outlook: Mizuho raised target from $140 to $165, Morgan Stanley from $150 to $160, and Piper Sandler to $175, citing AI and data center market dominance and supply chain constraints.

Other Companies

Creatd Inc.: Reported a loss of $2.9 million in its third quarter.
Texas Instruments Inc.: Reported third quarter revenue of $4.15 billion, net income of $1.36 billion.

These summaries provide a snapshot of the financial performance of various companies for the third quarter of 2024, highlighting key metrics and trends.

Q3 2024 Earnings Snapshots: Intel, AMD, Goldman Sachs, Ibotta, Nu Holdings, Kaiser Foundation, Occidental Petroleum, Nvidia, Creatd, Texas Instruments

Preview

Q3 Earnings and Financial Snapshots for 2024

Intel Corporation

Revenue: $13.3 billion, down 6% from Q3 2023.
Gross Margin: 15.0% GAAP, 18.0% non-GAAP.
Operating Margin: (68.2)% GAAP, (17.8)% non-GAAP.
Net Income (loss): $(16.6) billion GAAP,$ (2.0) billion non-GAAP.
Earnings (loss) Per Share: $(3.88) GAAP,$ (0.46) non-GAAP.
Restructuring and Impairment Charges: $2.8 billion, including $3.1 billion in non-cash charges for asset impairments and accelerated depreciation.
Cash from Operations: $4.1 billion, with dividends of $0.5 billion paid.

AMD

Revenue: $6.8 billion, up 18% year-over-year.
Gross Margin: 50% GAAP, 54% non-GAAP.
Operating Income: $724 million GAAP, $1.7 billion non-GAAP.
Net Income: $771 million GAAP, $1.5 billion non-GAAP.
Diluted Earnings Per Share: $0.47 GAAP, $0.92 non-GAAP.
Segment Highlights: Record data center revenue of $3.5 billion, up 122% year-over-year; client segment revenue of $1.9 billion, up 29% year-over-year.

Goldman Sachs

Net Revenues: $12.70 billion.
Net Earnings: $2.99 billion.
Diluted Earnings Per Common Share (EPS): $8.40.
Annualized Return on Average Common Shareholders’ Equity (ROE): 10.4%.
Special Items: Reduced net earnings by $204 million, EPS by $0.62, and ROE by 0.8 percentage points.

Ibotta

Revenue: $98.6 million, up 16% year-over-year.
Net Income: $17.2 million.
Adjusted EBITDA: $36.5 million, representing a 37% margin.
Total Redemptions: Increased 43% to 97.4 million.
Redeemers: Grew 63% to 15.3 million.
Operating Cash Flow: $39.5 million.
Free Cash Flow: $36.7 million.

Nu Holdings Ltd.

Q3 Earnings: Surpassed estimates.
Financial Highlights: Detailed financial results not provided in the reference content.

Kaiser Foundation Health Plan, Inc.

Operating Revenues: $29.0 billion for Q3 2024.
Operating Expenses: $29.6 billion for Q3 2024.
Operating Loss: $608 million for Q3 2024.
Net Income: $845 million for Q3 2024.
Membership: Nearly 12.5 million as of September 30, 2024.

Occidental Petroleum (OXY)

Q3 2024 Earnings Call: Reported but detailed financials not provided in the reference content.

Nvidia (NVDA)

Stock Price Prediction: If NVDA surpasses earnings estimate, stock price could exceed $150 and target $160. If it misses, the stock price might drop to $131-$139.

Preview
Analysts' Outlook: Mizuho raised target from $140 to $165, Morgan Stanley from $150 to $160, and Piper Sandler to $175, citing AI and data center market dominance and supply chain constraints.

Other Companies

Creatd Inc.: Reported a loss of $2.9 million in its third quarter.
Texas Instruments Inc.: Reported third quarter revenue of $4.15 billion, net income of $1.36 billion.

These summaries provide a snapshot of the financial performance of various companies for the third quarter of 2024, highlighting key metrics and trends.