Shantanu Narayen, CEO of Adobe being interviewed by Jim Cramer Linda Dimyan | CNBC Adobe shares jumped 15% in extended trading on Thursday after the design software maker reported earnings and revenue that topped estimates. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $4.48 adjusted, vs. $4.39 expected Revenue: $5.31 … Read more
Hock Tan, CEO of Broadcom Lucas Jackson | Reuters Broadcom shares rose about 12% on Thursday after the company posted second fiscal quarter earnings that beat analysts’ estimates and showed it’s benefiting from the artificial intelligence boom. Broadcom reported earnings per share of $10.96 ahead of LSEG consensus estimates of $10.84 per share. It reported … Read more
Broadcom shares surged more than 14% in extended trading Wednesday after the chip and software maker delivered better-than-expected quarterly results, driven by strong artificial intelligence and VMware demand. Broadcom also raised its full-year outlook and announced a 10-for-1 stock split. Revenue in the Club name’s fiscal 2024 second quarter ended May 5 increased 43% year … Read more
Igor Golovniov | Lightrocket | Getty Images Broadcom posted earnings for the second fiscal quarter on Wednesday that beat analyst estimates. It also announced a 10-1 stock split, set to begin trading on a split-adjusted basis on July 15. The stock rose about 10% in extended trading. Here’s how the company did versus LSEG consensus … Read more
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle Chairman Larry Ellison is $18 billion richer after the software maker he founded in 1977 forecast double-digit revenue growth for the fiscal year, putting … Read more
Oracle chairman of the board and chief technology officer Larry Ellison delivers a keynote address during the 2019 Oracle OpenWorld on September 16, 2019 in San Francisco, California. Justin Sullivan | Getty Images Oracle shares jumped more than 10% on Wednesday, a day after the software company announced its fourth-quarter results and cloud deals with … Read more
Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle shares jumped as much as 9% in extended trading on Tuesday after the software maker announced cloud deals with Google and OpenAI, despite … Read more
The debate around when the Federal Reserve will start to lower interest rates continues to influence market sentiment. Investors are interpreting important macroeconomic data, including jobs market reports, to decipher the current state of the U.S. economy. At the same time, Wall Street analysts continue to focus on picking individual stocks that can thrive … Read more
Traders walk the floor during morning trading at the New York Stock Exchange (NYSE) on May 14, 2024 in New York City. Spencer Platt | Getty Images GameStop, the video game retailer currently riding another wave of trading enthusiasm spurred on by the meme trader “Roaring Kitty,” showed no signs of an operational turnaround in … Read more
Lululemon‘s growth in the Americas, its largest market, appears to be stalling after the retailer on Wednesday reported flat comparable sales in the region and weak guidance for the current quarter. The athletic apparel retailer handily beat Wall Street’s earnings estimates, but only narrowly topped revenue expectations. Lululemon’s full fiscal year guidance suggests the company … Read more
