Qualcomm Reports Impressive Fiscal First-Quarter Results
Qualcomm, the renowned chipmaker, has reported impressive fiscal first-quarter results with a significant surge in handset chip sales, signaling a potential recovery in the smartphone market. The company’s earnings per share stood at $2.75, surpassing the expected $2.37, while revenue…
Starbucks quarterly earnings and revenue miss Wall Street expectations
Starbucks reported quarterly earnings and revenue that missed Wall Street’s expectations as both domestic and international sales fell short of estimates. CEO Laxman Narasimhan said on the company’s conference call that the chain faced “headwinds,” including a boycott in the…
Tech and Retail Stocks Surge After Hours
Stocks in the technology and retail sectors experienced significant movement after hours on Tuesday. Leading the pack were Microsoft, Alphabet, Starbucks, and AMD, among others. Microsoft saw a 3% surge after reporting its fiscal second-quarter earnings, surpassing Wall Street’s expectations….
Notable Companies Set to Report Earnings After Market Close
Several notable companies are set to report their earnings after the market close today, with earnings consensus as follows: Microsoft (MSFT) with a consensus of $2.57, Alphabeth (GOOGL) with a consensus of $1.47, AMD (AMD) with a consensus of 71c,…
Cleveland-Cliffs Inc. Reports $155 Million Loss in Fourth Quarter
Cleveland-Cliffs Inc. (CLF) has reported a loss of $155 million in its fourth quarter, according to the company’s latest financial statement. The Cleveland-based mining company posted a per-share loss of 31 cents, which, when adjusted for one-time gains and costs,…
Super Micro Computer (SMCI) Outperforms Nvidia in Stock Market
Super Micro Computer (SMCI) has been making waves in the stock market, outperforming even the likes of Nvidia, the AI chip superstar. With a staggering 67% increase in 2024 and a total gain of nearly 500% since the end of…
U.S. Stocks Trade Higher with Alaska Air Group, Inc. Leading the Way
U.S. stocks traded higher on Thursday, with the Dow Jones gaining around 50 points. Alaska Air Group, Inc. (ALK) was among the big stocks moving higher as it posted upbeat earnings, joining other major companies such as Xerox, United Rentals,…
Western Digital Reports Q2 FY2024 Results, Expects Revenue to Surpass Analysts’ Estimates Next Quarter
Western Digital (NASDAQ: WDC) has reported its Q2 FY2024 results, meeting analysts’ expectations with a revenue of $3.03 billion, down 2.4% year on year. The company also provided an optimistic sales guidance for the next quarter, expecting revenue to reach…
T-Mobile (TMUS) Q4 2023 Results Reflect Mixed Performance
T-Mobile (TMUS) experienced a decline in after-hours trading following the release of its Q4 2023 results. The wireless network operator reported earnings per share (EPS) of $1.67, falling short of the consensus estimates of $1.91. Despite posting revenue of $20.48…
Visa Inc. Anticipated to Report 13% Increase in Quarterly Earnings
Visa Inc. is anticipated to report a 13% increase in quarterly earnings, driven by substantial growth in transactions, payment volume, and data processing revenue. Analysts project that the credit card company’s revenue likely rose 9% to 12% in each of…