First quarter 2022 results:
- EPS: US$0.70 (up from US$0.53 in 1Q 2021).
- Revenue: US$8.05b (up 19% from 1Q 2021).
- Net income: US$815.9m (up 31% from 1Q 2021).
- Profit margin: 10% (in line with 1Q 2021).
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 12%.Over the next year, revenue is forecast to grow 9.6%, compared to a 141% growth forecast for the industry in the US.
Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.