Text size Illumina turned in stronger financial results than expected. Dreamstime The gene-sequencing supplier Illumina delivered on its March quarter financial forecasts, as global demand for genetic...
Tag: Earnings Report
Zillow Stock Tumbles After Selling More Homes Than Expected. Here’s Why.
Text size Zillow says it has 1,300 homes left in its inventory, most of which have sold or are in agreement to be sold or disposed. Courtesy of Zillow Faster-than-expected home sales in Zillow’s iBuyi...
AMD Earnings Beat Expectations. The Stock is Rising.
Text size AMD stock has been under pressure this year, largely because of a weakening demand for PCs. Dreamstime Advanced Micro Devices’ high-end server-chip business is thriving and taking share from...
Paramount’s Streaming Losses Mount as Subscriber Count Grows
Text size Paramount+ accounts for the bulk of the company’s streaming subscribers. Dreamstime The streaming-stock bloodbath continues: Paramount Global (ticker: PARA) is the latest company in th...
ON Semiconductor Gets Backed by Auto Demand. Stock Rises on Record Revenue.
Text size ON Semiconductor said it expects automotive and industrial customers to account for an increasing share of revenue. Photograph by Adi Goldstein ON Semiconductor delivered record revenue for...
Earnings Season Has Been Just One More Reason to Sell Stocks
Text size Apple dropped 3.7% on Friday after its outlook disappointed. Gabby Jones/Bloomberg The only takeaway to be drawn from a volatile week of earnings reports was that we shouldn’t get our hopes ...
Rivian Killed Ford Earnings. Now It’s Crushing Amazon’s.
Text size Rivian’s wild stock swings are distorting earnings at both Ford and Amazon. Courtesy Rivian Ford Motor and Amazon.com were early investors in Rivian Automotive . They still own Rivian ...
PayPal Trims 2022 Outlook But Beats Revenue Forecast
PayPal lowered its forecast for adjusted profit for 2022 to a range of $3.81 to $3.93 a share. Justin Sullivan/Getty Images Text size PayPal Holdings said its first quarter was a “solid start” but cut...
Activision Blizzard’s Earnings Miss. Investors Care More About Microsoft Merger.
Text size Microsoft announced plans to purchase Activision Blizzard for about $69 billion, or $95 a share, in January. Patrick T. Fallon/Bloomberg Activision Blizzard stock was dipping on Monday after...
Verizon Stock Had Its Worst Its Day Since the Pandemic Hit
Verizon Communications’ first-quarter report won’t be changing any investors’ thesis on the stock. The wireless giant continues to spend big on improving its 5G network to meet management’s promises f...
Blackstone’s Earnings Beat Estimates. Assets Under Management Are Rising.
Text size Blackstone Group had net inflows of $50 billion in the quarter. Munshi Ahmed/Bloomberg Blackstone, the private-equity giant, reported higher distributable earnings than expected and came clo...
Tesla’s Earnings Crushed Expectations, Setting More Records. The Stock Is Up.
Tesla’s first-quarter profit was far higher than expected. Above, CEO Elon Musk speaks at the opening party for Tesla’s new factory in Texas. SUZANNE CORDEIRO / AFP / Getty Images Text siz...
Rite Aid Stock Is Soaring. The Outlook Impresses Investors.
Text size Rite Aid’s quarterly loss was bigger than expected. Mario Tama/Getty Images Rite Aid’s stock surged after the drugstore chain said it expects to lose less money in the current fiscal y...
CarMax’s Awful Earnings Send a Warning to All Car Stocks. Here’s What to Know.
Text size Cars sitting in the parking lot are reflected in the windows of used car retailer CarMax. Yana Paskova/Getty Images Used car giant CarMax delivered an earning miss that has sent the stock lo...
Joby Reports a Profit From No Sales. The Stock Is Soaring.
Text size Courtesy Joby Aviation Electric air taxi maker Joby Aviation managed to produce a profit in the fourth quarter even though it doesn’t have any sales just yet. Shares were rising sharply Frid...
Berkshire-Backed StoneCo Issues a Bullish Outlook. The Stock Is Soaring.
Text size Dreamstime Shares of Brazilian payment processor StoneCo were skyrocketing Friday after Citi upgraded the stock, citing an attractive valuation and the company’s strong outlook for the first...
WD-40 Stock Soars After Earnings. Analyst Expects Better Times.
Text size The price of crude oil is a key point to watch for WD-40 stock. Dreamstime The maintenance and cleaning products company WD-40 is likely finished with cutting its financial forecasts, and be...