Text size An AMD EPYC processor. Courtesy AMD New Jersey’s state pension materially increased investments in some of its larger positions. State of New Jersey Common Pension Fund D, the pension’s larg...
Tag: Financial Performance
Zillow stock slides to 2-year low, Wall Street keeps slashing targets amid ‘dour’ housing market outlook
Shares of Zillow Group Inc. slumped to a two-year low Friday, as Wall Street analysts continued to slash their price targets in the wake of the real estate information company’s upbeat first-quarter r...
Bill.com Stock Plummets as Revenue Growth Slows
Text size Bill.com’s financial forecasts point to slower revenue growth than in the past. Dreamstime Bill.com’s stock lost nearly a third of its value even though the bill-payment automation com...
Illumina Stock Plunges Despite Strong Results, Gene-Sequencing Sales
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...
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...
Stifel and JPMorgan analysts trade blows on Scotts Miracle-Gro’s valuation
Analysts from JPMorgan and Stifel said Scotts Miracle-Gro Corp. stock is trading at a discount, but duked it out over whether the fertilizer and hydroponic equipment company deserves it. Saying it has...
Airbus posts profit, plans new jet assembly line in Alabama
Airbus said Wednesday that its profit in the first three months of 2022 more than tripled to 1.22 billion euros ($1.28 billion), helped by an increase in aircraft deliveries as airlines recover from t...
Twilio’s stock reacts wildly after company issues cautious revenue guidance
Twilio Inc.’s stock wildly fluctuated in frenzied trading Wednesday after the company issued cautious revenue guidance on better-than-expected results. Shares of Twilio TWLO, +5.50% initially plunged ...
Fed lifts interest rates and will wind down $9 trillion bond stockpile in double-pronged attack on high U.S. inflation
“Inflation is much too high and we understand the hardship it is causing,” said Fed Chairman Jerome Powell in what he called a direct message to the American public. “We are moving expeditiously to br...
Opinion: AMD will finally give investors its data-center data as business soars
Advanced Micro Devices Inc.’s data-center business will finally get its own spotlight. After reporting record sales Tuesday and predicting another record this quarter, AMD AMD, +6.25% Chief Financial ...
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...
Plug Power CEO total 2021 compensation nearly quadruples to more than $52 million
Plug Power Inc.’s long-time Chief Executive Andrew Marsh recorded total compensation of more than $52 million in 2021, a year after the fuel-cell systems company’s losses widened sevenfold but the sto...
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...
Berkshire Hathaway May Have Sold Verizon, Bought $10 Billion of Financials
Text size Warren Buffett’s Berkshire Hathaway said it incurred $739 million of realized losses on equity sales in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hatha...
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...
Yes, GM Needs to Do More to Challenge Tesla. But the Stock Is a Buy.
General Motors has grand ambitions and a cheap stock. That could be a winning combination for investors. But to realize it, the pace of the giant car maker’s electric-car launches must catch up to the...