Applied Materials, Inc. (Nasdaq: AMAT) Guides For Q2 EPS of $1.79-$2.15 on Revenue of $6.1-$6.9 Billion, Vs CIQ Analyst Consensus of $1.78/Share on Revenue of $6.3 Billion.
DoorDash Releases Fourth Quarter and Full Year 2023 Financial Results SAN FRANCISCO–(BUSINESS WIRE)–February 15, 2024– DoorDash, Inc. (NASDAQ: DASH) today announced its financial results for the quarter and fiscal year ended December 31, 2023. In addition to our financial results below, our letter to shareholders is available on the DoorDash investor relations website at Execution and innovation are distinct skills and our team demonstrated an ability to do both at a high level in 2023. Throughout the year, we invested aggressively to improve our offerings and launched new products and features that expanded our potential in local commerce. We are proud that our innovation and investment helped generate nearly $50 billion in sales for local merchants and over $15 billion in earnings for more than 7 million Dashers in 2023. At the same time, we grew Marketplace GOV by 25%(1) year-over-year (Y/Y) in 2023 to $66.8 billion, with improvements to
DoorDash Releases Fourth Quarter and Full Year 2023 Financial Results Read Post »
DoorDash (NASDAQ:DASH) reported quarterly losses of $(0.39) per share which missed the analyst consensus estimate of $(0.18) by 116.67 percent. The company reported quarterly sales of $2.30 billion which beat the analyst consensus estimate of $2.24 billion by 2.67 percent. This is a 26.68 percent increase over sales of $1.82 billion the same period last year.
Doordash Sees Q1 Marketplace GOV $18.5B-$18.9B, Adj. EBITDA $320M-$380M.
DoorDash (NASDAQ:DASH) Sees Q1 Marketplace GOV $18.5B-$18.9B, Adj. EBITDA $320M-$380M Read Post »
DoorDash Reports Q4 Monthly Active Customers at 37 Million Vs Visible Alpha Analyst Consensus of 36.6 Million.
DoorDash Says In Feb. Board Of Directors Authorized The Repurchase Of Up To $1.1B Of Class A Common Stock.
Applied Materials, Inc. (Nasdaq: AMAT) reported fiscal Q1 non-GAAP earnings late Thursday of $2.13 per diluted share, up from $2.03 a year earlier. Analysts polled by Capital IQ expected $1.91. Revenue in the quarter ended Jan. 28 fell to $6.71 billion from $6.74 billion a year earlier. Analysts surveyed by Capital IQ expected $6.49 billion. In Q2, the company said it expects non-GAAP diluted EPS of $1.79 to $2.15 on revenue of $6.5 billion, plus or minus $400 million. Analysts in a Capital IQ poll expect EPS of $1.78 on revenue of $6.33 billion. Applied Materials shares climbed 10% in recent after-hours trading.
DoorDash (NASDAQ:DASH) reported Q4 loss Thursday of $0.39 per diluted share, narrower than a loss of $1.65 a year earlier. Analysts polled by Capital IQ expected a loss of $0.14. Revenue for the quarter ended Dec. 31 was $2.30 billion, up from $1.82 billion a year earlier. Analysts polled by Capital IQ expected $2.25 billion. Company shares were down more than 6% in after-hours activity.
DoorDash (NASDAQ:DASH) Narrows Q4 Loss, Revenue Rises Read Post »
By Eric J. Savitz DoorDash shares headed lower late Thursday even though the food-delivery company reported better results than expected for the fourth quarter. Investors appear to have been looking for a more decisive increase in the outlook for the first quarter and beyond. In late trading, the stock was down 6.7%, to $117.89. In the December quarter, revenue came in at $2.3 billion, up 23% from a year ago and a little ahead of the Wall Street consensus forecast of $2.25 billion. Adjusted earnings before interest, taxes, depreciation, and amortization was $363 million, slightly above the Street at $356 million. The company lost 39 cents a share in the quarter, while analysts had expected a loss of 16 cents. Gross order volume was $17.6 billion, up 22% from a year ago, and above the consensus call for $17.29 billion among analysts tracked by FactSet. Total orders were 574 million,
DoorDash Stock Slides Despite Strong Earnings — Barrons.com Read Post »
By Emily Bary CEO expects ‘continued outperformance as customers ramp next-generation chip technologies critical to AI’ and the Internet of Things Applied Materials Inc. delivered upbeat results and guidance Thursday afternoon, and its stock was surging in the extended session. The chip-equipment company logged fiscal-first quarter net income of $2.02 billion, or $2.41 a share, compared with $1.72 billion, or $2.02 a share, in the year-prior quarter. On an adjusted basis, Applied Materials (AMAT) earned $2.13 a share, up from $2.03 a share a year before, while analysts tracked by FactSet were modeling $1.90 a share. Net revenue inched lower to $6.71 billion from $6.74 billion, but came in above consensus forecasts, which were for $6.48 billion. The stock was up nearly 10% in after-hours action Thursday. Read: Super Micro’s stock has surged 900% in a year. Why BofA is making a ‘buy’ call. “Our leadership positions at key semiconductor
Applied Materials’ Stock Climbs as Company Logs Earnings Beat, Sees AI Momentum Read Post »
The following is a summary of the Applied Materials, Inc. (AMAT) Q1 2024 Earnings Call Transcript: Financial Performance: Applied Materials reported Q1 2024 revenues at the high end of their guided range, marking a strong start. Non-GAAP gross margin saw growth, landing at 47.9%, a 110 basis point increase from last year. Non-GAAP net profit per share for Q1 grew by almost 5%, reaching $2.13. Semiconductor Systems revenues were robust at $4.91 billion, while Applied Global Services saw an approximate 8% YoY gain, reaching nearly $1.8 billion. Display segment reported revenues of $244 million with a non-GAAP operating profit of 10.2%. For Q2, the company expects a non-GAAP EPS of $1.97, ± $0.18, with revenues forecasted to be $6.5 billion ± $400 million. Business Progress: The company is capitalizing on key industry inflections, particularly in AI, IoT, electric vehicles, and renewable energy. Its focus on DRAM technologies like High-Bandwidth Memory
Applied Materials, Inc. (Nasdaq: AMAT) Q1 2024 Earnings Conference Read Post »
The following is a summary of the DoorDash, Inc. (DASH) Q4 2023 Earnings Call Transcript: Financial Performance: DoorDash has consistently shown growth with an accelerated rate for three consecutive quarters. Over 7 million Dashers earned over $15 billion in 2023, suggesting positive financial implications for the company’s workforce. EBITDA has scaled profitably over the years, significantly driven by volume improvements and unit economic improvements across all major lines of business. Guided EBITDA for 2024 is forecasted to see more growth in the second half of the year, due to investments that are set to generate leverage later in the year. Business Progress: The company has seen substantial adoption of DoorDash and Wolt+ internationally, doubling in the quarter. DoorDash’s strategy to attract customers to non-restaurant categories has been successful, showing progress in its diversification efforts. In the grocery business, DoorDash has captured a sizeable market share, with 20% of customers choosing
DoorDash (NASDAQ:DASH) Q4 2023 Earnings Conference Read Post »