Q3 Earnings: So Far A Mixed Bag For Investing Gurus

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Q3 Earnings: So Far A Mixed Bag For Investing Gurus

This week, many of our billionaires’ stocks reported third-quarter earnings. Here’s who and what stood out:

On October 21st, the worldwide fast food company McDonalds Inc. (NYSE:MCD) reported its earnings before the market opened. The stock presented earnings per share (EPS) of $1.52, just beating out the expected $1.50. And even though McDonald’s missed its revenue target, the stocks price rose +0.5% today. Billionaire Bill Gates is one of our investors with a position in MCD. Gates holds 9.8 million shares, representing 5.49% of his fund. Another investor with MCD stakes is Richard Chilton, who owns 571,000 shares, representing 1.51% of his holdings.

Q3 Earnings: So Far A Mixed Bag For Investing Gurus

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Another company that reported on October 21st is online movie website Netflix Inc. (NASDAQ:NFLX). The stock presented a better-than expected EPS, but its margin gross was not what investors were expecting. The stock dipped -9.15% on Monday and this week dropped -5.73% overall. Billionaire Carl Icahn holds 2.6 million shares, after selling 2.9 million over the last week. Today, NFLX represents 5.44% of Icahn’s fund. Tiger Global also has a position in Netflix Inc., with 315,000 shares, representing 1.16% of its portfolio.

 

The next day, Cubist Pharmaceuticals, Inc. (NASDAQ:CBST) released its report. The health stock reported a $0.41 EPS, but its expected price was $0.55, meaning a -0.19% drop. Over the last week, its price dropped -2.98%. George Soros lost money on that one. The shareholder acquired 175,000 shares last quarter, representing 0.09% of his fund.

 

On Thursday the 24th, Microsoft Corporation (NASDAQ:MSFT) reported an EPS of $0.62 after market close, while the expected price was $0.54. This surprise in the earnings lead to a surge of +1.97%. This was good news for David Tepper, who owns 1.4 million shares, representing 0.70% of his fund. Ray Dalio is another investor with a position in MSFT. He owns 84,000 shares, which represent 0.03% of his portfolio.

 

Today, consumer goods firm The Procter & Gamble Company (NYSE:PG) made its announcement. Its EPS coincides with the estimated price of $1.05. Though, the stock dropped -0.76% today but increased +1.40% during the week. Procter & Gamble is a favorite among many of our billionaires. Bill Ackman holds 8.9 million shares (6.8% of his holdings), Warren Buffett owns 52.7 million shares (4.57% of his fund) and Bill Gates holds 1.5 million (0.65% of his fund).

 

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