earningsreports
Adobe Inc (NASDAQ: ADBE) is rallying in extended hours on Thursday after reporting market-beating financial results for its second quarter. Adobe stock rallies on upbeat guidanceInvestors are rewarding the stock also because the management issued encouraging guidance for the future. $ADBE now forecasts its revenue to fall between $5.33 billion and $5.38 billion on up to $4.55 a share of adjusted earnings in Q3. Analysts, in comparison, were at $5.4 billion and $4.48 per share. Dan Durn – the chief financial officer of Adobe Inc said in a press release today: Our market-leading products, strong...
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Signet Jewelers Ltd (NYSE: SIG) is trading up in premarket on Thursday after reporting better-than-expected per-share earnings for its first quarter. Signet Jewelers offers encouraging guidanceThe stock is gaining also because the diamond jewelery chain issued upbeat guidance for the future. $SIG now forecasts its sales to fall between $6.66 billion and $7.02 billion on up to $11.52 a share of earnings in fiscal 2025. Analysts, in comparison, were at billion and $10.55 per share, respectively. Virginia C. Drosos – the chief executive of Signet Jewelers said in a press release today: Our result...
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Broadcom Inc (NASDAQ: AVGO) is gaining in extended trading on Wednesday after coming in handily above Street estimates for its fiscal second quarter on strong AI demand. Broadcom stock climbs on future guidanceInvestors seem content also because the management issued upbeat guidance for the future. $AVGO now forecasts about $51 billion in revenue in its fiscal 2024. Analysts, in comparison, were at billion. Hock Tan – the chief executive of Broadcom Inc said in a press release today: Revenue from our AI products was a record $3.1 billion during the quarter. Infrastructure software revenue acce...
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Oracle Inc (NYSE: ORCL) is up 10% in extended hours even though it came in below Street estimates for its fiscal fourth quarter. Why is Oracle stock up in after-hours?Investors are cheering because cloud segment of the computer technology company remained strong, bringing in $5.3 billion in revenue – up 20% on a year-over-year basis. $ORCL is pushing to the upside also because it announced new deals with Google and OpenAI on Tuesday. Safra Catz – its chief executive said in a press release: I expect that each successive quarter should grow faster than the previous quarter—as OCI capacity begin...
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U.S. software giant Oracle is one of the last bigwigs to release its financial results this earnings season, but investors are hoping it’ll prove worth the wait. The New York Stock Exchange-listed company is one of the last original Silicon Valley software stocks from the 1970s that are still standing (alongside titans like Microsoft and IBM, of course) and markets are always interested in how ‘biggish tech’ stocks that aren’t Magnificent 7, but are still noteworthy, are performing. Analysts’ forecasts for tomorrowFirst off, it’s worth noting that Oracle has made a habit of defying expectation...
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Famed investor Jim Cramer is all praise for Deckers Outdoor Corp (NYSE: DECK) that surpassed $1,000 per share for the first time after posting its quarterly earnings report on Friday. Cramer says HOKA is an incredible brandCramer agrees that HOKA is not comparable to Nike in terms of sales but said the footwear giant should still be “scared” of it. That’s because HOKA has incredible momentum and “the shoe business has historically been a momentum business”. The Mad Money host expressed confidence in the leadership of David Powers on CNBC’s “Squawk on the Street” today and said “no one can touc...
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Abercrombie & Fitch (NYSE: ANF) stock price has surged to a record high as investors wait for its first quarter earnings scheduled for May 29th. It soared to a high of $150, bringing the year-to-date gains to 70%. It has also jumped by over 553% in the past 12 months, making it the best retail stock in the US. Abercrombie & Fitch’s insiders are sellingAbercrombie & Fitch, a millennial-focused retailer, has done well because of its strong revenue and profitability growth. Its revenue jumped to $4.2 billion in the last financial year, a big increase from the $3.69 billion it made a year earlier....
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A 5.0% dip in Snowflake Inc (NYSE: SNOW) following its Q1 earnings report is an opportunity to buy a quality name at a discount, says Michael Turrin – a Wells Fargo analyst. Snowflake stock has a 50% upside from hereTurrin recommends buying $SNOW as he sees potential in it to climb all the way up to $225. That suggests a near 50% upside from here. The NYSE listed firm came in shy of Street estimates for per-share earnings in its fiscal first quarter last night. Still, the Wells Fargo analyst cited significant market opportunity and strong operational performance as reasons to own Snowflake sto...
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Yesterday, AI super-stock Nvidia reported its latest financial results. As the last of the behemoth companies to do so, it unofficially signaled that earnings season for Q1 of FY 2024 is winding down to a close. So, how did we do? And what do the performances of those company earnings signify for the markets at large? An optimistic outlook for corporate“With over 80% of the S&P 500 companies having reported Q1 earnings, its broad market impact is coming to an end,” agrees Peter Garnry, head strategist and researcher at investment firm Saxo. According to Garnry, the earnings season has been une...
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Toll Brothers Inc (NYSE: TOL) is trading up in extended hours on Tuesday after coming in ahead of Street estimates for its fiscal second quarter. Toll Brothers stock up on impressive guidanceThe stock is gaining also because the management issued upbeat guidance for the future. $TOL now expects to deliver up to 2,850 units in Q3 at an average price of between $950,000 and $960,000. The construction company forecasts about $14 of EPS this year versus analysts at $13.77. Douglas C. Yearley Jr. – the chief executive of Toll Brothers said in a press release today: Demand for new homes continues to...
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