Carvana (CVNA) reported fourth-quarter and full-year 2022 results on Friday. Shares fell more than 21% after the announcement. In its annual report, the company registered a more profound deficit for 2022 and an overall decrease of 3% in vehicles sold to customers compared to 2021. Furthermore, the integration of Adesa's car auction business adversely [...]
Block (SQ), previously known as Square, delivered their fiscal 4th quarter earnings yesterday after the market closed. The report was mixed, with EPS coming in below expectations despite revenue & profit outperforming expectations. Revenue came in at $4.65 billion, narrowly beating Wall Street’s estimate of $4.61 billion. The company reported a solid gross profit [...]
Nvidia (NVDA) is expected to report its fiscal fourth-quarter earnings on Wednesday, February 22nd (tomorrow) - and the consensus is that the company is going to disappoint once again. However, there is one thing that has experts and investors alike excited when it comes to Nvidia - AI. Over the last year or so, [...]
Friday morning saw DraftKing (DKNG) shares soar 15% higher after the company reported impressive earnings for the fiscal fourth quarter and raised its outlook for 2023. After the weekend, this trend continued. In Monday morning’s trading session, the stock is already up another 15%. Investors are in a frenzy over DraftKings after the [...]
There's positive news for Applied Materials, a semiconductor equipment vendor that beat earnings targets for first-quarter fiscal 2023. The company earned an adjusted $2.03 a share on $6.74 billion in sales - above analysts' expectations of $1.93 a share on sales of $6.69 billion and Applied Materials's own prediction of $1.84 a share on [...]
John Deere (DE) stock welcomed Friday’s trading session with a nice 7% bump - and it doesn’t appear to be slowing down any time soon. This came as a result of an impressive earnings beat and a revised outlook for the year ahead. The company walloped Wall Street’s estimates for the first fiscal quarter [...]
It was an exciting Wednesday trading session for Trade Desk (TTD) investors. The advertising technology company reported earnings for the 4th quarter of 2022 and provided an outlook for the year ahead which sent shares into a frenzy. The company grew 24% in the 4th quarter despite most of its competitors taking a step [...]
After several years of dealing with the economic fallout of the pandemic, it looks like some tech stocks may be turning a corner. Airbnb stock skyrocketed 12% Wednesday after exceeding investor expectations during its fourth-quarter report. The company reported higher-than-expected revenue projections and implemented tight cost controls in Q4, leading many analysts to believe [...]
Although SolarEdge's stock (SEDG) is up nearly 10% in 2023, it took a hit following the release of its fourth-quarter results. Analysts expected fourth-quarter earnings of $1.54 a share on revenue of $880 million, but SEDG outperformed, reporting adjusted earnings of $2.86 a share on $890 million in revenue. This marked a 58% increase [...]
Coca-Cola (KO) reported solid 4th quarter earnings yesterday along with an updated 2023 outlook that should have investors (or potential investors) excited. The company saw a 7% increase in revenue during the 4th quarter - up to $10.13 billion. This beat analyst estimates of $10 billion. This was largely driven by an increase in [...]
