Tag Archives: earnings

(Bloomberg) — U.S. futures were steady, while stocks advanced, as traders turned their attention to earnings reports from companies including JPMorgan Chase & Co. and Goldman Sachs Group Inc. Treasury yields rose. European equities got a boost from positive updates by LVMH and SAP SE, while some of the biggest U.S. banks are due to release results later on Wednesday. Most Asian stocks climbed, although shares dipped in Japan amid concerns about the slow vaccine rollout. Discovery Inc…. Source link

Bloomberg Oracle’s Years-Long Washington Offense Ends in Trio of Defeats (Bloomberg) — Oracle Corp. Executive Chairman Larry Ellison has spent the better part of a decade waging battle in U.S. courts and forging political alliances in Washington to win lucrative business and thwart adversaries.It’s all part of a high-stakes gamble to revive Oracle’s anemic revenue growth, which has averaged about 1% a year since 2012, and regain relevance in the face of a widening phalanx of upstarts… Source link

Bloomberg Intel Spending Billions to Revive Manufacturing, Chase TSMC (Bloomberg) — Intel Corp. unveiled an ambitious bid to regain its manufacturing lead by spending billions of dollars on new factories and creating a foundry business that will make chips for other companies. The stock jumped about 5%.The plan, launched Tuesday by new Chief Executive Officer Pat Gelsinger, is an aggressive move that puts Intel into direct competition with Taiwan Semiconductor Manufacturing Co., the world’s… Source link

GameStop (GME), a WallStreetBets favorite and phenomena of the year, reported fourth quarter results Tuesday afternoon which missed analyst expectations on the top and bottom lines and named a new COO as it focuses on growing e-commerce sales. The company also announced former Amazon and Google tech veteran Jenna Owens will be the next Chief Operating Officer. The stock was immediately up in after hours, before turning lower about 30 minutes later. These are the results versus consensus Wall… Source link

TipRanks 2 “Strong Buy” Stocks From Oppenheimer’s Top Analysts Both the S&P 500 and the Dow Jones average have closed at record highs, and the NASDAQ has reversed the brief foray it took into correction territory in the second week of March. The market gains reflect several factors: relief that the $1.9 trillion COVID aid bill passed Congress and was signed by the President; a general optimism that the ongoing vaccination program will allow a normal economic environment sooner rather… Source link

A month has gone by since the last earnings report for Yandex (YNDX). Shares have lost about 2.3% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Yandex due for a breakout? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Yandex’s Q4 Earnings Beat, Revenues Miss… Source link

A month has gone by since the last earnings report for Yandex (YNDX Quick QuoteYNDX – Free Report) . Shares have lost about 2.3% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Yandex due for a breakout? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at its most recent earnings report in order to get a better handle on the important… Source link

Computing and printing giant HP (HPQ) sure dialed up the growth in its most recent quarter. Powered by consumers continuing to invest in work-from-home tech gear during the COVID-19 pandemic, HP blew away Wall Street sales and profit forecasts Thursday after the close. The company also shared upbeat guidance for its fiscal year, which may trigger a good number of upward revisions to analyst profit estimates and stock price targets in the coming days. “What we are seeing is very strong demand… Source link

Yandex N.V. (YNDX Quick QuoteYNDX – Free Report) reported fourth-quarter 2020 adjusted earnings of 23 cents per share, whereas the Zacks Consensus Estimate was pegged at a loss of 4 cents per share. However, the figure declined 14.8% sequentially and8% year over year. Revenues of $969.2 million (RUB 71.6 billion) lagged the Zacks Consensus Estimate of $1.02billion. In ruble terms, the figure rose 39% on a year-over-year basisand 22.8% from the previous quarter. The… Source link

Shares of Yandex (NASDAQ:YNDX) moved higher by 0.2% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 11.54% over the past year to $0.23, which beat the estimate of $0.15. Revenue of $969,200,000 rose by 16.06% year over year, which beat the estimate of $921,180,000. Outlook Yandex hasn’t issued any earnings guidance for the time being. The upcoming fiscal year’s revenue expected to be between $4,129,000,000 and… Source link