IBM turned in strong financial results, with better-than-expected revenue, driven by the company’s software and infrastructure businesses. Its forecast of revenue was upbeat as well, but the outlook o...
Tag: Earnings Report
Dow Inc. Warns of Weakness, to Lay Off 2,000 Workers as Earnings Fall
Chemicals giant Dow Inc. sees the global economy slowing down and is preparing for weakness by cutting costs and focusing on cash generation. That’s the right playbook for a weak operating environment...
Nokia Earnings Top Expectations. India is Powering Its 5G Growth.
Nokia stock climbed on Thursday after the Finnish telecommunications company beat analysts’ expectations for its fourth-quarter earnings and sales, as 5G installation in countries such as India underp...
Who Makes Abrams M1 Tanks? What to Know About General Dynamics.
As the Ukraine-Russia war continues, the U.S. has decided to send 31 advanced Abrams tanks to Ukraine. That military staple comes from American aerospace and defense giant General Dynamics which repor...
ASML Profit Tops Expectations. It Sees a Chip Market Rebound.
ASML Holding, a critical supplier to the global chip-making industry, said Wednesday that it expects to report more than 25% sales growth this year despite uncertainty in the semiconductor industry, a...
Microsoft Posts Earnings Beat On Solid Cloud Results, But Guidance Disappoints
Microsoft posted better-than-expected results for the December quarter, driven by strength in cloud computing. But the strong results were tempered by disappointing guidance for the March quarter. Whi...
Netflix Stock Surges on Subscriber Beat
Netflix posted better-than-expected subscriber growth in the fourth quarter, adding 7.66 million net new subscribers, well ahead of the 4.5 million the company had projected. The company also announce...
Taiwan Semiconductor Braces for Downturn Despite Record Profit
Taiwan Semiconductor Manufacturing has reported a record net profit and beat analysts’ expectations for its fourth quarter but warned of waning demand in 2023. Taiwan Semiconductor (ticker: TSM), the...
Bitcoin miner CleanSpark reports $42.3 million net loss, missing estimates
Bitcoin miner CleanSpark reported $26.2 million in revenue, missing the average estimate of $27.1 million. The non-GAAP net loss of $42.3 million was also worse than the estimate of $15.4 million for ...
Oracle Stock Rises on Strong Earnings
Oracle shares were moving higher late Monday after the company posted better-than-expected financial results for its latest quarter. The enterprise software giant continued to see success in shifting ...
Costco Misses Earnings and Revenue Expectations
Costco Wholesale got a sluggish start to its new fiscal year, missing earnings and revenue expectations and sending the stock lower in after-hours trading on Thursday. Investors had been wary headed i...
Marvell Stock Sinks as Earnings Fall Short. Customers Are Pulling Back.
Marvell Technology shares were sinking in late trading Thursday after the data- center semiconductor firm’s earnings and outlook disappointed Wall Street. The company said makers of storage equipment ...
CrowdStrike Stock Falls Hard as Outlook Disappoints
CrowdStrike Holdings shares were tumbling in after-hours trading Tuesday after the security software company gave an outlook for the current quarter that fell short of what Wall Street had expected. F...
Stronghold Digital Mining misses analyst estimates with $49.6 million Q3 loss
Stronghold Digital Mining reported a net loss of $49.6 million in the third quarter, which badly missed analyst estimates. The results, its first since announcing a series of debt restructuring...
Plug Power Missed Sales Estimates By a Mile. Wall Street Isn’t Worried.
Hydrogen fuel-cell technology company Plug Power reported third-quarter results that fell way short of Wall Street expectations, but analysts still believe the company’s future is very bright. Tuesday...
Lucid Stock Plunges as Reservations for Cars Drop
Electric-vehicle maker Lucid turned in respectable third-quarter earnings and stuck with its forecast for vehicle shipments this year, but the stock was dropping. Reservations were the issue. Lucid (t...
Microsoft Deal, Not Earnings, Is the Focus for Activision Stock
Wall Street barely reacted to Activision Blizzard’s third-quarter results on Monday because investors are much more focused its deal to be acquired by Microsoft for $69 billion in cash. Activision Bli...
Digital Ocean Earnings Raise More Big Questions About the Cloud
DigitalOcean posted better-than-expected third quarter results, but the provider of cloud-based computing service to small- and medium-size businesses offered guidance for the fourth quarter that fell...
Nikola Stock Is Rising. The Company Is Making More Trucks.
Stock in the electric and hydrogen truck-technology firm Nikola is rising after the company reported better-than-expected third-quarter sales. The company is ramping up production—a good sign for any ...
Self-Driving Technology Provider Luminar Just Hit a Big Milestone
After 10-plus years of moonshot R&D, Luminar Technologies has made it into automotive production with its radarlike systems. Wednesday evening, lidar maker Luminar (ticker: LAZR) reported third-qu...
SoFi Stock Leaps on Narrower-Than-Expected Loss and Revenue Beat
SoFi Technologies was surging after posting a narrower-than-expected third-quarter loss and revenue that exceeded forecasts. SoFi (ticker: SOFI), the financial-technology company, reported third-quar...
AbbVie Stock Slips as Sales Miss Expectations And Bigger Challenges Await.
Stock in AbbVie slipped after the drug company reported a higher profit than expected, while sales fell short. The revenue shortfall may have reminded investors of a challenge AbbVie (ticker: ABBV) fa...
Intel Stock Gains as Guidance Disappoints. Layoffs Are Coming.
Intel plans significant cost cuts , including a “meaningful number” of layoffs, its CFO said as the chip maker detailed its financial results and forecast revenue that was much lower than Wall Street ...
Verizon Stock Slips on Earnings Beat. It’s Not AT&T
Verizon Communications delivered third-quarter results that largely beat expectations and maintained its financial forecast. That doesn’t seem to be enough for the market—and it looks worse compared w...
Generac Stock Is Tumbling. Sales Have Slowed, and Inventory Is Piling Up.
The second half of the year isn’t going as well as standby-power company Generac Holdings expected. Channel inventories are hurting sales, and that is crushing shares. Still, there should be brighter ...
Fastenal Buy Write Nails Down Dividend, 51% Annualized Return Potential
Screw and bolt supplier Fastenal FAST (FAST) reported quarterly earnings this morning that exceeded expectations. The stock is trading up 3.5%. There is an ex-dividend date coming up in less than two ...
Adobe Stock Rallies as Profits Top Expectations
Adobe shares gained ground after the provider of content development and marketing software tools posted better-than-expected quarterly profits. While the numbers for Adobe’s fiscal fourth quarter, en...