Applied Materials (NASDAQ:AMAT) reported Q1 2023 revenue $6.74 billion , up 7% year over year

/ / Technology /

Feb. 16, 2023 — Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its first quarter ended Jan. 29, 2023. reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.10. revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.66 billion.  updated its Q2 guidance to $1.66-2.02 EPS. analysts’ expectations of $1.6 billion.  First Quarter Results Revenue $6.74 billion, up 7 percent year over year，On a GAAP basis, the company achieved gross margin of 46.7 percent, operating income of $1.97 billion or 29.2 percent of net sales, and record earnings per share (EPS) of $2.02. GAAP operating margin 29.2 percent and non-GAAP operating margin 29.5 percent, down 2.3 points and 2.2 points year over year, respectively。 GAAP EPS $2.02 and non-GAAP EPS $2.03, up 1 percent and 7 percent year over year, respectively。 On a non-GAAP adjusted basis, the company reported gross […]

Applied Materials (NASDAQ:AMAT) reported Q1 2023 revenue $6.74 billion , up 7% year over year Read Post »

Vale (NYSE:VALE) had a 2022 EBITDA of $20.9 billion

/ / Basic Materials /

Mining giant Vale (NYSE:VALE) announced that EBITDA for 2022 was $20.9 billion, down 38% year-over-year, mainly due to a 23.6% drop in real iron ore prices; The Company’s operating free cash flow was $5.7 billion during the reporting period, compared to $20 billion in 2021, due to a decline in EBITDA. Vale paid a total of US$12.6 billion in dividends, capital interest and share buybacks in 2022 and will pay US$1.8 billion in dividends in March 2023.

Vale (NYSE:VALE) had a 2022 EBITDA of $20.9 billion Read Post »

Tesla’s Berlin battery plant has started production and involves only a single battery component

/ / Consumer Discretionary /

Germany’s Brandenburg Minister of Economics Jörg Steinbach said that Tesla’s battery factory at the Berlin Gigafactory has been put into operation. Steinbach said Tesla only produces individual battery modules at the battery factory at the Gigafactory in Berlin, which is different from the company’s original plan. The outside world believes that this should be Tesla considering the preferential tax policy of the United States, so it prefers to build a Texas Gigafactory battery factory.

Tesla’s Berlin battery plant has started production and involves only a single battery component Read Post »

Vale (NYSE:VALE) net profit for Q4 2022 fell 30.4% year-over-year, still beating market expectations

/ / Basic Materials /

Brazilian mining giant Vale (NYSE: VALE) released its fourth quarter 2022 report on February 16, local time, under the pressure of production cuts and falling iron ore prices, net operating income in the fourth quarter fell 8.8% to US$11.94 billion, adjusted EBITDA from continuing operations was US$4.63 billion, down US$100 million year-on-year and up 960 million yuan, and net profit was US$3.72 billion, down 30.4% year-on-year. However, it still exceeded market expectations of $2.5 billion.

Vale (NYSE:VALE) net profit for Q4 2022 fell 30.4% year-over-year, still beating market expectations Read Post »

Vale (NYSE:VALE) reported revenue of $11.941 billion in Q4 2022 versus an expected value of $11.49 billion

/ / Basic Materials /

Vale (NYSE:VALE): Q4 2022 revenue of $11.941 billion, prior-valued $13.105 billion vs. $11.49 billion, exceeding market expectations by 3.93%; Earnings per share were $0.82 vs $1.07 prior, and $0.62 expected, beating market expectations by 32.26%.

Vale (NYSE:VALE) reported revenue of $11.941 billion in Q4 2022 versus an expected value of $11.49 billion Read Post »

DraftKings(NASDAQ:DKNG) reported Q4 2022 revenue of $855 million, up 81% year-over-year

/ / Consumer Discretionary /

February 16, 2023— DraftKings Inc. (Nasdaq: DKNG)  today announced its fourth quarter and fiscal year 2022 financial results.  Fourth Quarter 2022 Highlights For the three months ended December 31, 2022, DraftKings reported revenue of $855 million, an increase of 81% compared to $473 million during the same period in 2021。 Monthly Unique Payers (“MUPs”) increased to 2.6 million average monthly unique paying customers in the fourth quarter of 2022, representing an increase of 31% compared to the fourth quarter of 2021. Average Revenue per MUP (“ARPMUP”) was $109 in the fourth quarter of 2022, representing a 42% increase compared to the same period in 2021. Q4 loss narrowed to $0.53 per diluted share from $0.80 a year earlier，Analysts polled by Capital IQ expected a loss of $0.58. Revenue for the quarter ended Dec. 31 was $855.1 million, Analysts polled by Capital IQ expected $799.3 million. The company said it now expects

DraftKings(NASDAQ:DKNG) reported Q4 2022 revenue of $855 million, up 81% year-over-year Read Post »

Wells Fargo raised Cisco Systems(NASDAQ: CSCO) price target to $57 from $52

/ / Telecommunications / ,

Wells Fargo analyst Aaron Rakers raised Cisco Systems(NASDAQ: CSCO) price target to $57 from $52 and maintained a “hold on the sidelines” rating. The investment bank said Cisco reported solid results and better-than-expected guidance due to a reduction in backlog despite improved supply.

Wells Fargo raised Cisco Systems(NASDAQ: CSCO) price target to $57 from $52 Read Post »

JPMorgan raised Cisco Systems(NASDAQ: CSCO) price target to $55 from $54

/ / Telecommunications / ,

JPMorgan analyst Samik Chatterjee raised his price target on Cisco Systems(NASDAQ: CSCO) to $55 from $54 and maintained a “neutral” rating. The analyst told investors in a research note that the magnitude of the growth in fiscal second-quarter results and the outlook for 2023 raise questions about the sustainability of Cisco’s growth. But the agency said expectations for peak revenue and profit growth in fiscal 2023, which the analyst expects unlikely to recur, justify attributing lower than historical average P/E ratios to lower earnings expectations.

JPMorgan raised Cisco Systems(NASDAQ: CSCO) price target to $55 from $54 Read Post »

Raymond James raised Cisco Systems(NASDAQ: CSCO) price target to $63 from $59

/ / Telecommunications / ,

Raymond James analyst Simon Leopold raised Cisco Systems(NASDAQ: CSCO) price target to $63 from $59 and maintained an “outperform” rating. The analyst told investors in a research note that Raymond James was “pleasantly surprised” by Cisco’s strong outlook for fiscal third quarter and fiscal 23. The investment bank said the overall tone was optimistic, demand was healthy and the cancellation rate remained low.

Raymond James raised Cisco Systems(NASDAQ: CSCO) price target to $63 from $59 Read Post »

Cisco Systems (NASDAQ: CSCO) reported Q2 2023 revenue of $13.6 billion, up 7% year-over-year

/ / Telecommunications /

February 15, 2023 Cisco Systems (NASDAQ: CSCO) today reported second quarter results for the period ended January 28, 2023. Q2 revenue was $13.6 billion, analysts expected $13.43 billion; Q2 product revenue was $10.16 billion, analysts expected $10.02 billion; Q2 Security and Agile Networks revenue was $6.75 billion, analysts expected $6.47 billion; Q2 services revenue was $3.44 billion, analysts expected $3.43 billion; full-year revenue was expected to grow 9%-10.5%, analysts expected to increase 5.7%. The company had previously expected growth of 4.5%-6.5%; Revenue is expected to rise 11%-13% in the fiscal third quarter, compared with analysts’ expectations of 5.8%. Q2 FY 2023 Highlights Total revenue was up 7% at $13.6 billion, with product revenue up 9% and service revenue was up 2%. Revenue by geographic segment was: Americas up 9%, EMEA up 5%, and APJC was up 1%. Product revenue performance was led by growth in Secure, Agile Networks up 14%, End-to-End Security up 7%, and

Cisco Systems (NASDAQ: CSCO) reported Q2 2023 revenue of $13.6 billion, up 7% year-over-year Read Post »