ASML (ASML) reported second-quarter earnings that surpassed Wall Street’s expectations on both the top and bottom lines and yet, the market responded by sending shares 10% lower. The Dutch semiconductor manufacturer saw a surge in demand for the quarter, beating its original forecast and culminating in the following results: Sales: $6.79 billion vs $6.53 [...]
Shares of the Tinder parent company, Match Group Inc. (MTCH) are up after hedge fund Starboard Value took a massive stake in the company, over 6.5% to be exact. The stock climbed 9% in extended trading yesterday and picked up where it left off this morning, resulting in a 14% gain on the week [...]
Goldman Sachs (GS) reported its second-quarter earnings Monday morning, sending shares higher on the heels of earnings and revenue beats. The company benefited from an increase to fixed income trading along with lower loan loss provisions than originally anticipated. Here are the Q2 results along with the analyst estimates: Earnings: $8.62/share vs $8.34/share expected. [...]
Shares of Nvidia (NVDA) fell as much as 5.6% Thursday after a strong rally sent it on its way to setting a new record high. The stock had climbed more than 6% before all those gains washed away yesterday. The fall-off could be attributed to the latest inflation figures weighing the stock down - [...]
PepsiCo (PEP) reported second-quarter earnings that came in above analyst expectations on the bottom line this morning. Yet, the stock is down slightly as the continued downward trajectory for demand paints a concerning picture. Income of $3 billion was a 12% improvement year over year, and this worked out to an adjusted $2.28 per [...]
Just last month Dell Technologies (DELL) reported first-quarter earnings that fell short of Wall Street’s expectations, taking the stock down from its all-time high of $179/share. It fell more than 30% in just a few days, eroding market cap and scaring investors out of their positions. The issue was that despite AI growth fueling [...]
Shares of La-Z-Boy (LZB) are up nearly 18% so far Tuesday morning on the heels of its fiscal fourth-quarter results and preliminary first-quarter guidance. The furniture company’s results for the quarter ending April 27th surpassed analyst expectations on both the top and bottom lines. Adjusted earnings came in at $0.95 per share ahead of [...]
Autodesk (ADSK) investors have been anxiously awaiting an update since April 1 of this year after the company became aware of potential discrepancies in its free cash flow and non-GAAP operating margin practices. This led to the delay of its 10-K for fiscal year 2023 pending a full investigation into the issue, resulting in [...]
Shares of Adobe (ADBE) got a 15% boost yesterday after the company reported Q2 earnings that surpassed expectations on both the top and bottom lines, fueled by AI growth. The stock is up another 15% in pre-market trading Friday morning. Revenue of $5.31 billion was narrowly above the Wall Street estimate of $5.29 billion. [...]
While all eyes are on stocks like NVDA, META, GOOG, and other companies staking their claims in the AI race, not enough emphasis has been placed on Broadcom (AVGO). The semiconductor and infrastructure manufacturer is well positioned to profit from this emerging technology. In fact, the company delivered second-quarter results yesterday and reported $3.1 [...]
