Apple delivered quarterly beats after Thursday’s closing bell ahead of what’s expected to be a robust artificial intelligence iPhone upgrade cycle in the months the come. Revenue in Apple’s fiscal third quarter, which ended in June, grew 5% year-over-year to a record of $85.78 billion – ahead of the LSEG estimate of $84.53 billion. Earnings … Read more
Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024. Source: Apple The topic of greatest interest to analysts on Apple’s quarterly earnings call on Thursday was a product that’s not even available to the general public yet. Apple Intelligence, the company’s forthcoming artificial intelligence system, could spur a fresh cycle … Read more
Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon is pointing to an unusually busy news cycle as one of the drivers behind its weak revenue forecast. On a call with reporters following the … Read more
Eaton on Thursday morning delivered quarterly beats on its top and bottom lines. Segment profit margin and organic sales growth topped estimates. Management also raised its outlook for the year. Despite that show of strength, shares of the industrial Club name were trading lower. Revenue in the second quarter increased over 8% year over year … Read more
Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Intel shares slid as much as 20% in extended trading on Thursday after the chipmaker said it would lay off over 15% of its … Read more
Block beat on profit in its second-quarter earnings report on Thursday. The stock rose in extended trading. Here’s how the company did, compared with analysts’ consensus estimates from LSEG. Earnings per share: 93 cents adjusted vs. 84 cents expected Revenue: $6.16 billion vs. $6.28 billion expected Block, formerly known as Square, posted $2.23 billion in … Read more
Amazon CEO, Andy Jassy speaking with CNBC’s Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023. CNBC Amazon is set to report second-quarter earnings after the bell on Thursday. Here’s what analysts polled by LSEG are expecting: Earnings per share: $1.03 Revenue: $148.56 billion Wall Street is also looking at these key … Read more
Apple’s third quarter, which ends in June, is traditionally the company’s slowest quarter of the year by sales. This year, the “main event” won’t be Apple’s earnings, wrote Barclays analyst Tim Long, it’s what the company says about the September quarter, which is nearly one-third over. Here’s what Wall Street expects from Apple, according to LSEG … Read more
A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021. Dado Ruvic | Reuters Biogen on Thursday reported second-quarter earnings and revenue that topped estimates and hiked its full-year guidance, as the company’s cost cuts showed progress and sales of its breakthrough Alzheimer’s drug, Leqembi, and … Read more
The first Wayfair brick-and-mortar store prepares to open on May 02, 2024 in Wilmette, Illinois. Scott Olson | Getty Images Online home goods company Wayfair saw sales decline in its fiscal second quarter as its CEO likened the current slowdown in the home goods category to the 2008 financial crisis. “Our credit card data suggests … Read more
