AMD Shares Rise After Q3 Non-GAAP Earnings, Revenue Beat Analysts’ Estimates

/ / Technology /

AMD (AMD) shares were rising 7.2% in recent Wednesday trading after the company’s non-GAAP earnings and net revenue came in ahead of analysts’ forecasts. The company reported Q3 non-GAAP earnings late Tuesday of $0.70 per diluted share, up from $0.67 a year earlier. Analysts polled by Capital IQ expected $0.68. Net revenue for the quarter ended Sept. 30 was $5.8 billion, up from $5.57 billion a year earlier. Analysts expected $5.69 billion. For Q4, the company said it expects revenue to be about $6.1 billion, plus or minus $300 million. Analysts polled by Capital IQ expect $6.39 billion.

AMD Shares Rise After Q3 Non-GAAP Earnings, Revenue Beat Analysts’ Estimates Read Post »

Estee Lauder’s Travel Retail Business in Asia Hit Beyond Daigou Regulation

/ / Consumer Discretionary /

Estee Lauder expects to complete its destocking efforts in its key Travel Retail business in Asia by the end of March 2024. The beauty giant is seeing travel come back slowly, “more slowly than we had anticipated,” CFO Tracey Travis says on a call with analysts. “We are seeing lighter levels of conversion relative to what we saw certainly pre-pandemic or even pre the significant changes in policy across the Asia region,” Travis says on tighter policies affecting daigous, or personal shoppers.

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Roku Reports Active Accounts in Q3 of 75.8 Million Vs Visible Alpha Analyst Consensus of 75.1 Million; Streaming Hours at 26.7 Billion Vs Consensus of 25.9 Billion

/ / Telecommunications /

Roku Reports Active Accounts in Q3 of 75.8 Million Vs Visible Alpha Analyst Consensus of 75.1 Million; Streaming Hours at 26.7 Billion Vs Consensus of 25.9 Billion.

Roku Reports Active Accounts in Q3 of 75.8 Million Vs Visible Alpha Analyst Consensus of 75.1 Million; Streaming Hours at 26.7 Billion Vs Consensus of 25.9 Billion Read Post »

Qualcomm’s Fiscal Q4 Non-GAAP Earnings, Revenue Drop; Fiscal Q1 Guidance Set

/ / Technology /

Qualcomm (QCOM) reported fiscal Q4 non-GAAP earnings late Wednesday of $2.02 per diluted share, down from $3.13 a year earlier. Analysts polled by Capital IQ expected $1.91. Revenue for the quarter ended Sept. 24 was $8.63 billion, down from $11.40 billion a year earlier. Analysts surveyed by Capital IQ expected $8.52 billion. The company said it expects fiscal Q1 non-GAAP EPS of $2.25 to $2.45. Analysts surveyed by Capital IQ are looking for $2.23. Revenue for the first fiscal quarter is projected to be $9.1 billion to $9.9 billion, the company said. Analysts polled by Capital IQ are expecting $9.19 billion.

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Allstate Q3 EPS $0.81 Beats $0.46 Estimate, Sales $13.30B Beat $13.18B Estimate

/ / Consumer Staples /

Allstate (NYSE:ALL) reported quarterly earnings of $0.81 per share which beat the analyst consensus estimate of $0.46 by 76.09 percent. This is a 151.92 percent increase over losses of $(1.56) per share from the same period last year. The company reported quarterly sales of $13.30 billion which beat the analyst consensus estimate of $13.18 billion by 0.94 percent. This is a 10.53 percent increase over sales of $12.04 billion the same period last year.

Allstate Q3 EPS $0.81 Beats $0.46 Estimate, Sales $13.30B Beat $13.18B Estimate Read Post »

Costco’s October Sales Rise 4.5% to $18.5 Billion

/ / Consumer Discretionary /

Costco Wholesale Corp. (COST) late Wednesday said that its October net sales rose 4.5% to $18.53 billion, from $17.73 billion in October 2022. Costco same-store sales rose 3%, and e-commerce sales, which during the height of the pandemic grew by double-digit numbers for several months, rose 3.7%. Costco shares were flat in the after-hours session after a 0.8% advance in the regular trading day.

Costco’s October Sales Rise 4.5% to $18.5 Billion Read Post »