Broadcom reported fiscal third-quarter results that surpassed Wall Street expectations for both revenue and earnings. The company reported earnings per share of $1.24, beating the expected $1.20, and revenue of $13.07 billion, higher than the anticipated $12.97 billion. Despite the positive results, Broadcom’s shares fell by 7% in extended trading after the company provided guidance
Earnings
Volvo Cars, a Swedish automaker majority-owned by China’s Geely Holding, has recently announced adjustments to its margin and revenue targets. These changes come as a response to the evolving landscape of the electric vehicle market. The company has shifted its focus from a previously set target of 100% all-electric vehicle sales by 2030 to a
CrowdStrike, a cybersecurity software maker, initially reported strong fiscal second-quarter results, with earnings per share exceeding expectations at $1.04 adjusted versus 97 cents expected, and revenue of $963.9 million compared to $959 million expected. The company demonstrated a 32% year-over-year revenue growth, recording a net income of $47 million, a significant increase from $8.47 million
Gap shares were halted on Thursday morning after an early release of the company’s quarterly earnings results. The apparel retailer was supposed to announce its second-quarter earnings after the closing bell on Thursday. However, Bloomberg reported that a presentation displaying the results briefly appeared on Gap’s website in the morning. The earnings were no longer
Nvidia, a prominent technology company, experienced a decline in its stock price during premarket trading in the United States. Despite reporting impressive revenue growth of over $30 billion in the fiscal second quarter, the company’s gross margin saw a slight decrease. This dip, coupled with the market’s high expectations for Nvidia, led to a 4.6%
The S & P 500 saw a 0.7% increase despite Nvidia’s post-earnings decline. Although the AI chipmaker beat estimates on both the top and bottom lines, their full-year outlook on gross margins fell short of analysts’ expectations. Jim Cramer referred to this as the “mortal Jensen Huang moment” and advised investors not to rush into
American Eagle faced a setback as it missed Wall Street’s sales targets for a second consecutive quarter, causing its shares to fall by approximately 3% in early trading. While revenue for the quarter came in at $1.29 billion, slightly below the expected $1.31 billion, profit grew by nearly 60%, with earnings per share at 39
MongoDB, a prominent database software maker, experienced a significant increase in its shares by as much as 16% during after-hours trading following the release of its fiscal second-quarter financial results. The company exceeded expectations on both fronts, with adjusted earnings per share at 70 cents compared to the anticipated 49 cents, and revenue reaching $478.1
Salesforce recently reported its fiscal second-quarter results, which exceeded expectations and led to a 4% increase in its share price in extended trading. The company’s earnings per share came in at $2.56 adjusted, surpassing the estimated $2.36, while revenue reached $9.33 billion, outperforming the expected $9.23 billion. This positive performance was attributed to various factors
Shares of Chinese online retailer JD.com experienced a notable rise after the firm revealed its plans for a $5 billion buyback. The Hong Kong-listed shares of JD.com saw an increase of 1.2% on Wednesday, surpassing the decline on the Hang Seng index. Similarly, the U.S. listed shares of the company also rose by 2.24% following