Major Companies Set to Release Quarterly Earnings
Apple, Honeywell International, and other major companies are set to release their quarterly earnings, and investors are keeping a close eye on their performance. With U.S. stock futures trading higher on Thursday morning, the market is abuzz with expectations for…
Meta Reports Better-Than-Expected Fourth-Quarter Earnings
Meta, formerly known as Facebook, has reported better-than-expected results for its fourth-quarter earnings, causing a 15% surge in its shares during extended trading. The tech giant also announced its first-ever dividend payment, marking a significant milestone for the company. The…
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…
Alphabet Struggles to Catch Up with Microsoft in Cloud and AI Markets
Alphabet Inc. (GOOG -6.50%) (GOOGL -6.57%) has been facing challenges in catching up with Microsoft Corporation (MSFT -1.35%) in the cloud and AI markets. In the first nine months of 2023, Alphabet generated 78% of its revenue from Google’s advertising…
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…
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…
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…
Analyst Dan Ives Criticizes Tesla, Calls Recent Earnings Call a ‘Train Wreck’
Analyst Dan Ives has strongly criticized Tesla, describing the company’s recent earnings call as a ‘train wreck’ and reducing the price target for Tesla stock. In a recent development, analysts have expressed bewilderment over Tesla’s decision not to provide an…
Intel Set to Announce Fourth-Quarter Earnings Amid Anticipation of Chipmaker’s Performance
Intel is set to announce its fourth-quarter earnings on Thursday, with investors eagerly anticipating the chipmaker’s performance. The focus is expected to be on Intel’s foundry business and the sales figures for its recently launched processors. Last quarter, Intel reported…
Texas Instruments Misses Q4 Analysts’ Revenue Estimates
Breaking News Published: Jan 23, 2024 04:05PM ET | Updated: Jan 23, 2024 04:31PM ET Texas Instruments (NASDAQ:TXN) Misses Q4 Analysts’ Revenue Estimates Analog chip manufacturer Texas Instruments (NASDAQ:TXN) fell short of analysts’ expectations in Q4 FY2023, with revenue down…