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 »
Walmart Announces 3-for-1 Stock Split。
Walmart Announces 3-for-1 Stock Split Read Post »
The 737 MAX jet, production quality, new regulatory oversight, the commercial aerospace recovery, new jet approvals, and defense- business profit margins are all areas of interest. All that means it should be interesting when Boeing reports its fourth-quarter numbers on Wednesday morning. For the quarter, Wall Street is looking for a per-share loss of about 76 cents from sales of $21.1 billion, according to Bloomberg. A year ago, Boeing lost $1.75 a share from about $20 billion in sales. Boeing’s commercial airplane business continues to lose money as it continues to recover from the COVID-19 pandemic and the worldwide MAX grounding that lasted from March 2019 to November 2020. Boeing delivered 157 aircraft in the fourth quarter, including 107 MAX jets, compared with 152 jets, including 107 MAXes, in the fourth quarter of 2022. For the full year, Boeing delivered 528 planes, including 387 MAX jets, up from 480 planes,
By Heather Haddon Starbucks’s sales are slowing — and it is fighting back by giving customers deals. The world’s largest coffee chain said it is battling challenges in the U.S. and China, as competition from rivals offering promotions grew in recent months and customers reduced visits. Starbucks Tuesday reduced its full-year forecast for revenue and same-store sales growth, saying January sales were softer than expected and that improvements will take time. The company maintained its earnings growth outlook for the year. Chief Executive Laxman Narasimhan said on a Tuesday investor call that lower sales in its Middle East stores hurt its performance. Occasional U.S. Starbucks customers also purchased beverages less frequently in the afternoon during the quarter, cutting into sales. “There was an impact in the quarter, and it will take some time to normalize,” Narasimhan said. Starbucks reported that over the three months ended Dec. 31, its global same-store
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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 »
RTX (NYSE:RTX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 0% Barclays $75 → $90 Maintains Equal-Weight 01/25/2024 11.11% B of A Securities $78 → $100 Upgrades Underperform → Neutral 01/24/2024 -2.22% RBC Capital → $88 Reiterates Sector Perform → Sector Perform 01/24/2024 6.67% UBS $93 → $96 Maintains Neutral 01/16/2024 4.44% Baird $88 → $94 Downgrades Outperform → Neutral 11/15/2023 — Redburn Atlantic Downgrades Buy → Neutral 10/25/2023 -4.44% Morgan Stanley $83 → $86 Maintains Equal-Weight 10/11/2023 -11.11% UBS $110 → $80 Downgrades Buy → Neutral 09/29/2023 -10% Alembic Global → $81 Initiates Coverage On → Neutral 09/25/2023 -8.89% RBC Capital → $82 Reiterates Sector Perform → Sector Perform 09/25/2023 -7.78% Morgan Stanley $95 → $83 Maintains Equal-Weight 09/18/2023 -13.33% Wells Fargo $100 → $78 Maintains Equal-Weight 09/14/2023 -12.22% DZ Bank → $79 Downgrades Buy → Hold 09/14/2023 -16.67% B
RTX (NYSE:RTX) Stock Analyst Ratings Read Post »