Alphabet (GOOG) reported Q4 diluted earnings late Tuesday of $1.64 per share, up from $1.05 a year earlier. Analysts polled by Capital IQ expected $1.60. Revenue for the quarter that ended Dec. 31 was $86.31 billion, up from $76.05 billion a year earlier. Analysts surveyed by Capital IQ expected $85.28 billion. Shares of the company traded 4% lower in after-hours activity.
Alphabet Q4 Earnings, Revenue Increase Read Post »
AMD Reports Q4 EPS of $0.77 on Revenue of $6.2 Billion, Vs CIQ Analyst Consensus of $0.77/Share on Revenue of $6.14 Billion。
AMD Q4 Gaming Revenue at $1.4 Billion Vs Visible Alpha Analyst Consensus of $1.25 Billion; Embedded Revenue at $1.1 Billion Vs Consensus of $1.06 Billion。
By Asa Fitch Advanced Micro Devices projected lower-than-expected revenue in the first quarter, citing weakness in some of its core markets even as sales of artificial-intelligence chips grow. AMD expects around $5.4 billion of sales in the current quarter, the company said, up from $5.35 billion the same period last year but behind Wall Street forecasts, according to FactSet. AMD’s stock fell 2% in after-hours trading. The shares have more than doubled over the past 12 months. In addition to weaker sales of PC and videogaming chips, AMD said it was seeing a seasonal decline in sales of computer servers where its chips feature. That was being offset, however, by growing interest in the company’s chips for artificial intelligence calculations, AMD said. AMD is the nearest rival to Nvidia in AI chips needed to create advanced systems like OpenAI’s ChatGPT. Booming investment in AI has been a bonanza Nvidia, which
AMD Forecasts Shaky First-Quarter Sales Despite AI Boom — WSJ Read Post »
AMD (AMD) reported Q4 non-GAAP earnings Tuesday of $0.77 per diluted share, up from $0.69 a year earlier. Analysts surveyed by Capital IQ expected $0.77. Revenue for the quarter ended Dec. 30 was $6.17 billion, up from $5.60 billion a year earlier. Analysts surveyed by Capital IQ expected $6.14 billion. The company said it expects Q1 2024 revenue of about $5.4 billion, plus or minus $300 million. Analysts surveyed by Capital IQ expect $5.75 billion.
AMD’s Q4 Non-GAAP Earnings, Revenue Rise Read Post »
The following is a summary of the Skyworks Solutions, Inc. (SWKS) Q1 2024 Earnings Call Transcript: Financial Performance: Skyworks reported Q1 2024 revenue of $1.202 billion, slightly above the outlook, and earnings per share of $1.97. The company generated $775 million of operating cash flow and a record free cash flow of $753 million, reflecting a 63% free cash flow margin. Gross profit stood at $557 million, with a gross margin of 46.4%. The company achieved an operating income of $366 million, with an operating margin at 30.4%. The net income was reported as $317 million, and internal inventory was reduced by $193 million to $927 million. With over $1 billion in cash and investments and $1 billion in debt, the company maintains strong financial health. The Q2 2024 revenue outlook stands between $1.020 billion and $1.070 billion with a projected gross margin in the range of 45% to 46%.
Skyworks Solutions(SWKS.US) Q1 2024 Earnings Call Transcript Summary Read Post »
Apple (NASDAQ:AAPL) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 32.66% Wedbush → $250 Reiterates Outperform → Outperform 01/18/2024 19.4% B of A Securities $208 → $225 Upgrades Neutral → Buy 01/10/2024 6.13% Redburn Atlantic → $200 Downgrades Buy → Neutral 01/04/2024 8.78% Piper Sandler $220 → $205 Downgrades Overweight → Neutral 01/03/2024 -11.91% DA Davidson → $166 Initiates Coverage On → Neutral 01/02/2024 -15.1% Barclays $161 → $160 Downgrades Equal-Weight → Underweight 12/20/2023 32.66% Wedbush → $250 Reiterates Outperform → Outperform 12/11/2023 32.66% Wedbush $240 → $250 Maintains Outperform 12/08/2023 16.74% Morgan Stanley $210 → $220 Maintains Overweight 11/24/2023 27.35% Wedbush $240 → $240 Reiterates Outperform → Outperform 11/16/2023 27.35% Tigress Financial $225 → $240 Maintains Strong Buy 11/03/2023 0.29% Rosenblatt $198 → $189 Maintains Neutral 11/03/2023 27.35% Wedbush → $240 Reiterates Outperform → Outperform 11/03/2023 11.44% Morgan Stanley $210
Apple (NASDAQ:AAPL) Stock Analyst Ratings Read Post »
Keybanc analyst Justin Patterson maintains Meta Platforms (NASDAQ:META) with a Overweight and raises the price target from $380 to $465.
Keybanc raises Meta Platforms (NASDAQ:META) price target from $380 to $465 Read Post »
Netflix, Inc. (NASDAQ: NFLX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 — Seaport Global Downgrades Buy → Neutral 01/26/2024 -2.66% Citigroup $500 → $555 Maintains Neutral 01/25/2024 -0.91% Goldman Sachs $500 → $565 Maintains Neutral 01/25/2024 5.23% DZ Bank → $600 Upgrades Hold → Buy 01/24/2024 -16.69% Barclays $375 → $475 Maintains Equal-Weight 01/24/2024 5.23% Morgan Stanley $550 → $600 Maintains Overweight 01/24/2024 -0.91% Goldman Sachs $500 → $565 Maintains Neutral 01/24/2024 11.89% BMO Capital $566 → $638 Maintains Outperform 01/24/2024 14% Wells Fargo $460 → $650 Maintains Overweight 01/24/2024 -0.03% UBS $560 → $570 Maintains Buy 01/24/2024 -3.54% Piper Sandler $475 → $550 Maintains Neutral 01/24/2024 4.35% Macquarie $410 → $595 Upgrades Neutral → Outperform 01/24/2024 7.86% Wedbush $525 → $615 Maintains Outperform 01/24/2024 -7.92% Deutsche Bank $460 → $525 Downgrades Buy → Hold 01/24/2024 1.72% Keybanc $545 →
Netflix, Inc. (NASDAQ: NFLX) Stock Analyst Ratings Read Post »
Raymond James analyst Adam Tindle initiates coverage on CrowdStrike Holdings (NASDAQ:CRWD) with a Outperform rating and announces Price Target of $330.
Raymond James announces CrowdStrike Holdings (NASDAQ:CRWD) Price Target of $330 Read Post »
CrowdStrike (NASDAQ:CRWD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 11.04% JMP Securities $235 → $330 Maintains Market Outperform 01/18/2024 7.01% Keybanc $245 → $318 Maintains Overweight 01/17/2024 — WestPark Capital Downgrades Buy → Hold 01/16/2024 -2.42% Truist Securities $230 → $290 Maintains Buy 01/12/2024 -19.24% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/10/2024 7.68% Citigroup $275 → $320 Maintains Buy 01/09/2024 2.29% Morgan Stanley $203 → $304 Upgrades Equal-Weight → Overweight 01/05/2024 0.95% Oppenheimer $240 → $300 Maintains Outperform 12/21/2023 6% Rosenblatt $245 → $315 Maintains Buy 12/21/2023 9.36% Needham $250 → $325 Maintains Buy 12/15/2023 -9.15% BMO Capital $238 → $270 Maintains Outperform 12/15/2023 -7.46% Mizuho $225 → $275 Maintains Buy 12/11/2023 -9.48% JP Morgan $230 → $269 Maintains Overweight 11/30/2023 -25.3% Goldman Sachs $195 → $222 Maintains Buy 11/29/2023 -22.61% Truist Securities → $230 Reiterates Buy →
CrowdStrike (NASDAQ:CRWD) Stock Analyst Ratings Read Post »
Apple (AAPL) will need to keep iPhone price cuts in place in China to continue clear inventory amid soft demand, UBS said in a note emailed Monday. With an excess inventory build of 2 million to 3 million iPhone units in China in the December quarter, risk shifts to the March quarter, UBS said. Analysts polled by Capital IQ estimate fiscal Q1 revenue of $118.3 billion and Q2 sales of $96.2 billion. UBS is forecasting Q1 revenue of $117.8 billion and expects the company to book roughly $1 billion more in sales than the projection. UBS has a neutral rating on Apple with a 12-month price target of $190.
Apple Needs to Keep iPhone Price Cuts in China to Clear Inventory, UBS Says Read Post »