Adobe(NASDAQ:ADBE) Q1 2023 sales of $4.66 billion , up 9% year-over-year

/ / Technology /

March 15, 2023 — Adobe(NASDAQ:ADBE) today reported financial results for its first quarter fiscal year 2023 ended March 3, 2023. Adobe(NASDAQ:ADBE) Guides For Q2 EPS of $3.75-$3.80 on Revenue of $4.75-$4.78 Billion, vs CIQ Analyst Consensus of $3.76/Share on Revenue of $4.76 Billion. Adobe (NASDAQ:ADBE) reported quarterly earnings of $3.80 per share which beat the analyst consensus estimate of $3.68 by 3.26 percent. The company reported quarterly sales of $4.66 billion which beat the analyst consensus estimate of $4.62 billion by 0.76 percent.  First Quarter Fiscal Year 2023 Financial Highlights Adobe achieved revenue of $4.66 billion in its first quarter of fiscal year 2023, which represents 9 percent year-over-year growth or 13 percent in constant currency. Diluted earnings per share was $2.71 on a GAAP basis and $3.80 on a non-GAAP basis. GAAP operating income in the first quarter was $1.59 billion and non-GAAP operating income was $2.13 billion. GAAP […]

Adobe(NASDAQ:ADBE) Q1 2023 sales of $4.66 billion , up 9% year-over-year Read Post »

American Express(NYSE:AXP) Delinquencies on Consumer, Small Business Card Member Loans Tick up in February

/ / Industrials /

American Express (NYSE:AXP): As of the end of February 2023, 30-day overdue loans to total loans for credit card members in the United States were 1.1, compared to 1.0 at the end of January. American Express Company U.S. Consumer and U.S. Small Business Delinquency and Write-off Rate Statistics

American Express(NYSE:AXP) Delinquencies on Consumer, Small Business Card Member Loans Tick up in February Read Post »

Deutsche Bank raised Lyft (NASDAQ:LYFT) price target to $12 from $11

/ / Consumer Discretionary / ,

Deutsche Bank analyst Benjamin Black raised Uber’s (NYSE:UBER) price target to $44 from $42 and maintained a “buy” rating. The analyst also raised its price target on Lyft (NASDAQ:LYFT) to $12 from $11 and maintained a “hold” rating. An appeals court in California overturned a lower court’s ruling on March 13, local time, finding that Uber and Lyft had the right to treat their drivers as independent contractors.

Deutsche Bank raised Lyft (NASDAQ:LYFT) price target to $12 from $11 Read Post »

Deutsche Bank raised Uber (NYSE:UBER) price target to $44 from $42

/ / Consumer Discretionary / ,

Deutsche Bank analyst Benjamin Black raised Uber’s price target to $44 from $42 and maintained a “buy” rating. The analyst also raised Lyft’s price target to $12 from $11 and maintained a “hold” rating. An appeals court in California overturned a lower court’s ruling on March 13, local time, finding that Uber and Lyft had the right to treat their drivers as independent contractors.

Deutsche Bank raised Uber (NYSE:UBER) price target to $44 from $42 Read Post »

Qorvo(NASDAQ:QRVO) Q3 2023 revenue of $743 million, down 33.24% year-over-year

/ / Technology /

February 1, 2023 — Qorvo(NASDAQ:QRVO) , a leading global provider of connectivity and power solutions, today announced financial results for the Company’s fiscal 2023 third quarter ended December 31, 2022. Qorvo(NASDAQ:QRVO) reported Wednesday fiscal Q3 non-GAAP earnings of $0.75 per diluted share, Analysts polled by Capital IQ expected $0.63. Revenue for the quarter ended Dec. 31, 2022, was $743.3 million, Analysts polled by Capital IQ expected $726.3 million. The company said it expects fiscal Q4 non-GAAP diluted EPS of $0.10 to $0.15. Analysts polled by Capital IQ expect $0.60. The company expects revenue for the quarter of $600 million to $640 million. Analysts polled by Capital IQ expect $725.9 million. On a GAAP basis, revenue for Qorvo’s fiscal 2023 third quarter was $743 million, gross margin was 36.1%, operating income was $9 million and loss per share was $0.16. On a non-GAAP basis, gross margin was 40.9%, operating income was $99

Qorvo(NASDAQ:QRVO) Q3 2023 revenue of $743 million, down 33.24% year-over-year Read Post »

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