Plug Power stock fell on Friday after the fuel-cell company said its annual revenue would be lower than expected because of supply-chain problems. Revenue for 2022 will be 5% to 10% lower than the $90...
Tag: Earnings Projections
Airline Stocks Have Struggled. Here Are a Few Highfliers.
Some airline stocks trade at five times projected earnings. Why so expensive, you might be wondering. The group’s reputation on capital preservation at the moment ranks somewhere between damaged and U...
JPMorgan Report Earnings Today. What to Expect.
JPMorgan Chase will kick off the third-quarter profit-reporting for the big banks on Friday, and Wall Street is looking ahead to the numbers with tempered expectations. Speaking at a CNBC conference t...
S&P 500 would be in an ‘earnings recession’ if not for this one booming sector — but that may not last long
Fears of an actual recession are weighing on investors near the end of 2022, but there is another type of recession also in sight: an earnings recession. The S&P 500 index would already be in an e...
AMD Cuts Revenue Forecast Amid Worst Slump in PC Shipments in Years
Listen to article (1 minute) Advanced Micro Devices cut its revenue forecast for the most recent quarter citing weaker-than-expected demand for the personal computers that use its chips. The chip make...
Micron faces ‘unprecedented’ supply issues, and analysts are split on if the bottom has been hit
Micron Technology Inc. is dealing with an “unprecedented” oversupply problem, but whether it gets worse or better in the near-term is up for debate. However, analysts had different ideas about when th...
Opinion: Micron earnings suggest the chip downturn could be worse than Wall Street expects
Micron Technology Inc. executives warned about a semiconductor downturn in late June, but now say that a “sharp and sudden” drop in demand exceeded even those expectations, suggesting the current chip...
Ford’s Big Earnings Warning Is Really Good News. Just Ask Wall Street.
Text size There is a silver lining in Ford’s ugly update for the third quarter of 2022. Leon Neal/Getty Images Ford Motor said a lack of parts and inflation would leave it with a third- quarter ...
The Economy Is Slowing Down. What It Means for the Fed.
Fed Chair Jerome Powell has warned that the central bank’s tighter monetary policy will be painful. The latest data confirm he’s right. Ting Shen/Bloomberg Text size For Jerome Powell’s Fe...
The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%.
U.S. stocks sputtered Friday to close out the week in the red. The day’s declines of less than 1% for the broad indexes paled against Tuesday’s, when they sank 4% to 5%. For the week, the Dow Jones In...
Why FedEx’s stock plunge is so bad for the whole stock market
FedEx Corp.’s profit warning has cast a pall on the broader stock market, as a record plunge in the package delivery giant’s stock has helped trigger one half of a Dow Theory “sell” signal. FedEx shar...
Why FedEx’s profit warning is such bad news for the U.S. economy
FedEx Corp. has bad news for investors, but what the logistics company’s massive profit warning says about the U.S. economy may be even worse. “The FedEx news was pretty stark. But when I read it, I w...
‘Simply staggering.’ FedEx hit with downgrades, price target cuts as warning shocks Wall Street.
A profit warning from FedEx was ringing alarm bells for Wall Street and beyond on Friday, with shares of the economic bellwether slumping as analysts piled on downgrades and price target cuts. FedEx F...
FedEx stock tanks nearly 15% after company withdraws outlook, says year is about to get worse
FedEx Corp. shares fell nearly 15% in the extended session Thursday after the logistics company pulled its outlook for the year, called for significantly lower quarterly profit and lower revenue, and ...
Seagate Warns Disk Drive Demand Continues to Erode
Text size Seagate has been hurt by weakening demand for its disk drives in China, among other places. Dreamstime Seagate Technology continues to see weakening demand across the disk-drive business, CE...
Western Digital CEO Warns Of Sharp Decline In NAND Memory Business
Text size Western Digital CEO David Goeckeler said the company has seen a sharp erosion in pricing for NAND flash memory based storage over the last month. Dreamstime Western Digital has seen business...
Oracle Stock Rises. Sales Topped Guidance but Profits Missed.
Text size Oracle’s headquarters. The software giant’s earnings disappointed. Justin Sullivan/Getty Images Oracle posted mixed numbers for the quarter. Revenue edged out guidance, but profi...
DocuSign Stock Surges on Earnings Beat, Boost to Billings Forecast
Text size Courtesy DocuSign Shares of DocuSign were surging Friday after the e-signature company posted quarterly earnings and revenue that topped analysts’ estimates and raised its forecast for fisca...
UiPath Stock Sinks on Cut to Fiscal-Year Revenue Forecast
Text size UiPath, the robotic-process automation software company, cut its revenue outlook for the fiscal year. Courtesy UiPath UiPath stock was sinking Wednesday after the robotic-process automation ...
12 semiconductor stocks bucking the downcycle trend
Semiconductor stocks have been great outperformers over long periods, but their movement this year underscores how cyclical the industry can be. Here is a look behind the numbers that are driving down...
Okta stock falls despite increased forecast, earnings beat
Okta Inc. shares fell in late trading Wednesday despite revealing an increase in the software company’s annual outlook and reporting a better quarter than Wall Street expected. Okta OKTA, +0.26%, whic...
Juniper Networks Had Lousy Earnings. It’s AI Strategy Could Push the Stock Higher.
Text size Juniper Networks’ shares look ready to break out.. Brendan McDermid/REUTERS/Alamy One month ago, Juniper Networks stock looked as good as dead. Now, it’s rallying, and it may just be getting...
Nvidia Stock Sees Price Targets Lowered After Results
Text size Nvidia stock has declined by about 40% this year. Justin Sullivan/Getty Images Wall Street analysts aren’t ready to give up on Nvidia yet—even after the company has reduced its outlook versu...
Can AT&T earnings help stop the stock’s ‘bleeding’?
Telecommunications names are usually seen as defensive in periods of economic stress, but that hasn’t played out recently. Can AT&T Inc.’s upcoming earnings report help change the tone? AT&T’s...