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Jim Cramer's Thoughts on Bank of America, UnitedHealth and Netflix Earnings

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It's a big earnings day, so let's dive right in...

Bank of America Earnings

Bank of America (BAC) - Get Bank of America Corporation Report said first-quarter profit rose by 6%, as cost cuts helped to overcome a soft trading environment, wrote TheStreet's Bradley Keoun.

Net income climbed to $7.3 billion, the Charlotte-based bank said Tuesday in a press release.

Earnings per share were 70 cents, beating analysts' average estimate of 66 cents.

Revenue totaled $23 billion, roughly flat with the year-earlier level, but the bank cut non-interest expenses by 4% to $13.2 billion.

United Healthcare Earnings

"It was a challenging capital-markets environment but our team and platform are optimized," CEO Brian Moynihan said in the press release.

Stock-trading revenue tumbled 22% to $1.2 billion, while fees and trading profits from bonds, commodities and foreign exchange declined by 8% to $2.4 billion.

UnitedHealth Earnings

United Healthcare

(UNH) - Get UnitedHealth Group Incorporated (DE) Report

on Tuesday reported first-quarter earnings that beat analysts' forecasts, and lifted its outlook on expectations that it will continue to expand benefits while managing costs, wrote


M. Corey Goldman.

The New York-based company said it earned $35.6 billion, or $3.73 a share on an adjusted basis, vs. $29.2 billion, or $3.04 a share, in the comparable year-earlier period. Analysts surveyed by FactSet had been expecting per-share earnings of $3.60 a share.

Revenue rose to $60.3 billion from $55.2 billion a year ago. Revenue from the company's Optum segment rose 11.9% to $26.4 billion.

Premiums in the quarter jumped 7.8% to $47.51 billion, beating analysts' forecasts.

United is Real Money's Stock of the Day.

Related. Jim Cramer: J.B. Hunt's Earnings Call Shows That the Economy Has Slowed

A Look Ahead to Netflix

Netflix (NFLX) - Get Netflix Inc. Report is expected to report earnings after the bell Tuesday.

Shares have mostly tread water since the company delivered a solid Q4 report in January, after having soared during the weeks immediately preceding the report, wrote TheStreet's Eric Jhonsa.

A strong Q1 report could help Netflix break out of its trading range, if one arrives on Tuesday afternoon.

The consensus among analysts polled by FactSet is for Netflix to report Q1 revenue of $4.5 billion (up 22% annually) and GAAP EPS of $0.58. However, as usual, Netflix's subscriber figures and guidance are likely to have a bigger impact on how its shares move post-earnings than its revenue and EPS numbers.

In January, Netflix forecast it would see 8.9 million streaming paid subscriber adds in Q1 (7.3 million international, 1.6 million U.S.). For Q2, the analyst consensus is for Netflix to see about 5.5 million paid net adds (4.77 million international, 678,000 U.S.).

Related. How to Trade Johnson & Johnson During Earnings Week

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