Text size Matterport builds cameras used to take 3-D images. It can take any space—from houses to high-rises—online. Matterport Matterport became the latest tech company to say a shortage of component...
Tag: Earnings Surprises
Novavax slashes sales guidance in half, stock plunges 34%
Novavax Inc. executives slashed their annual sales guidance in half Monday while wildly missing financial expectations, sending shares down more than 30% in after-hours trading. Novavax NVAX, -5.01% n...
Block’s Earnings Beat Estimates but the Stock Drops. Here’s Why.
Text size Jack Dorsey co-founded Block and remains its chair but is no longer CEO. Joe Raedle/Getty Images Block said Thursday that Bitcoin revenue at its Cash App unit dropped 34% in the second quart...
Cloudflare stock rallies 25% following earnings beat, raised revenue outlook
Cloudflare Inc. shares surged in the extended session Thursday after the cybersecurity company reported results that topped Wall Street expectations and hiked its revenue outlook for the year. Cloudfl...
Occidental Petroleum Tops Profit Estimates, Pays Down Debt
Text size Occidental stock has doubled this year and is the top performer in the S&P 500, Callaghan O’Hare/Bloomberg Warren Buffett probably liked Occidental Petroleum ’s second-quarter earn...
Caterpillar’s Earnings Are Good and Sales Top Estimates. But the Stock Falls.
Text size Caterpillar’s earnings and sales in the second quarter beat Wall Street expectations. Bernd Lauter / AFP via Getty Images Caterpillar reported second-quarter numbers that beat Wall Str...
AbbVie Stock Slips After Earnings, Charge for Potential Opioid Deal
Text size AbbVie said it continues to expect adjusted diluted earnings of between $13.78 and $13.98 per share for the full fiscal year. Dreamstime The drugmaker AbbVie turned in quarterly earnings tha...
Intel Posts Sharp Drop in Sales, Issues Muted Outlook
Updated July 28, 2022 6:36 pm ET Listen to article (2 minutes) Chip maker Intel reported a surprise quarterly loss and cut its full-year outlook, reflecting a slump in personal-computer purchases and ...
Intel stock plummets after wide earnings miss, execution mistakes
Intel Corp. shares plunged in the extended session Thursday after the chip maker missed Wall Street estimates by a wide margin and cut its outlook for the year, acknowledging a slowing market as well ...
Microsoft stock jumps after ‘shockingly robust’ forecast calls for continued strong cloud growth
Microsoft Corp. missed expectations for profit and revenue in a Tuesday earnings report, as deteriorating economic conditions led to an even greater shock than expected when executives revised their g...
Seagate’s Earnings Miss Estimates as Demand for Disk Drives Worsens
Text size A Seagate hard drive from an Apple laptop computer. Demand is weakening in consumer-related markets. Brent Lwein/Bloomberg The disk-drive company Seagate Technology posted sales and profits ...
AT&T stock pulls back from historic drop after earnings
AT&T shares sank Thursday despite an earnings beat in a quarter with a lot of moving parts due to recent business divestments. While the company raised its annual forecast for mobility-service rev...
Apple Earnings Could Miss Estimates, Morgan Stanley Warns
Text size The new Apple retail store in Istanbul. Chris McGrath/Getty Images Apple earnings estimates and price targets continue to slip lower as the Street turns wary ahead of the company’s June-quar...
IBM Earnings Beat Estimates. The CEO Says Tech Demand Remains Strong.
IBM has restructured to focus on software and services tied to hybrid cloud computing and artificial intelligence. David Paul Morris/Bloomberg Text size IBM kicked off tech earnings season with better...
AT&T Stock Is a Buy Ahead of Earnings, Analyst Says
Text size ATT said in June it expected higher margins in the second half of the year. Dreamstime AT&T stock remains a Buy at Citi ahead of the company’s first earnings report since separating from...
Taiwan Semi Boosts Revenue Forecast After Topping Earnings Estimates
Text size Photograph by Sam Yeh/AFP/Getty Images Strong demand from auto makers and consumer goods giants helped Taiwan Semiconductor Manufacturing raise revenue forecasts for the year and beat second...
Home affordability has ‘collapsed’ in 2022. What to expect next, according to BofA
The double whammy of surging mortgage rates and skyrocketing home prices has led to “collapsed” housing affordability in America, according to Chris Flanagan’s team at BofA Global Research. The situat...
Dow books 4th day of gains, stocks rally after Fed minutes signal flexibility on interest rate hikes
Stocks closed higher Wednesday as investors took away a message of flexibility from the release of minutes of the early May Federal Reserve meeting about its path to higher interest rates. How did sto...
Nvidia stock will be solely a data-center story for the foreseeable future
Nvidia Corp. was built on videogames, but for the rest of the year at least, investors and analysts won’t be concerned with gaming when pricing the stock. Nvidia NVDA, -4.57% cut its revenue forecast ...