Technology

SEA(NYSE:SE) Q4 2022 Total revenue was $3.5 billion, up 7.1% year-on-year

/ / Technology /

March 7, 2023 — SEA(NYSE:SE) today announced its financial results for the fourth quarter and full year ended December 31, 2022. The company  reported Q4 earnings of $0.72 per diluted share,Four analysts surveyed by Capital IQ expected a loss of $0.83 per share. Revenue for the quarter ended Dec. 31 was $3.45 billion, Four analysts polled by Capital IQ expected $3.05 billion. “We are starting 2023 on a much stronger footing,” said Forrest Li, Sea’s Chairman and Group Chief Executive Officer. “Our decisive pivot to focus on efficiency and profitability since late last year is already driving meaningful bottom line improvements. We delivered positive total net income in the fourth quarter, demonstrating the strength and resilience of our underlying business model and the execution capabilities of our teams. As we continue this transition and maintain our focus on sustainable growth, our approach is to do less but do it better

SEA(NYSE:SE) Q4 2022 Total revenue was $3.5 billion, up 7.1% year-on-year Read Post »

Goldman Sachs Initiates Coverage On Apple (NASDAQ:AAPL) With a Price Target $199

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Goldman Sachs Initiates Coverage On Apple (NASDAQ:AAPL) With Buy Rating, Announces Price Target of $199。Goldman Sachs analyst Michael Ng said Apple’s success in hardware design and brand loyalty has led to a growing user install base, which provides visibility into revenue growth. Goldman Sachs noted that Apple’s installed base growth, long-term growth in services and new product innovation should be enough to offset cyclical headwinds in product revenue. Apple’s valuation is attractive compared to historical P/E ratios and peers.

Goldman Sachs Initiates Coverage On Apple (NASDAQ:AAPL) With a Price Target $199 Read Post »

Broadcom Inc. (Nasdaq:AVGO) Q1 2023 Revenue of $8.915 billion , up 16% year-over-year

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March 2, 2023 — Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its first quarter of fiscal year 2023, ended January 29, 2023, provided guidance for the second quarter of its fiscal year 2023 and announced its quarterly dividend. Broadcom Inc. (Nasdaq: AVGO) reported non-GAAP net income of $10.33 per share for its fiscal Q1 ended Jan. 29, Analysts polled by Capital IQ expected $10.16. Revenue for the semiconductor and infrastructure software firm increased 16% year-over-year, rising to $8.92 billion,Analysts expected $8.9 billion. The company is projecting $8.7 billion in fiscal Q2 revenue. Analysts forecast $8.6 billion. •Revenue of $8,915 million for the first quarter, up 16 percent from the prior year period •Adjusted EBITDA of $5,678 million for the first quarter •Non-GAAP diluted EPS of $10.33 for the first quarter; GAAP diluted EPS of

Broadcom Inc. (Nasdaq:AVGO) Q1 2023 Revenue of $8.915 billion , up 16% year-over-year Read Post »

C3.ai (NYSE:AI) Q3 2023 total revenue of $66.7 million，down 4% year-over-year

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March 2, 2023 –C3.ai (NYSE:AI)  the Enterprise AI application software company, today announced financial results for its fiscal third quarter ended January 31, 2023. C3.ai (NYSE:AI) reported a fiscal Q3 non-GAAP net loss of $0.06 per diluted share, Analysts polled by Capital IQ expected a loss of $0.22 per share. Revenue for the quarter ended Jan. 31 fell to $66.7 million，Analysts’ estimate was $64.3 million. For fiscal Q4, the company projects revenue at $70 million to $72 million. The consensus is for $69.9 million. For fiscal 2023, C3.ai now expects revenue of $264 million to $266 million. In December, the company said it expected revenue between $255 million and $270 million. Analysts are looking for $261.3 million. “As we enter Q4 FY 23, we are seeing tailwinds from improved business optimism and increased interest in applying C3 AI solutions to address an increasing range of applications across a broad range of

C3.ai (NYSE:AI) Q3 2023 total revenue of $66.7 million，down 4% year-over-year Read Post »