Nvidia (NVDA) stock fell Wednesday after rival AI chipmaker Advanced Micro Devices (AMD) disappointed investors with its tepid guidance. Semiconductor stocks overall took a bath following quarterly reports from AMD and Skyworks Solutions (SWKS). X Late Tuesday, AMD matched Wall Street’s earnings target for the first quarter but sales were a tad light. Its sales …
With the fourth quarter earnings underway, as many as 211 companies will announce their quarterly results this week with some major names in the mix. Investors will be particularly watching out for some major earnings of Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, Adani Energy, Adani Power, Ambuja Cements, Adani Wilmar, Adani Enterprises, Coal …
Meta stock sank late Wednesday as the Facebook parent company’s first-quarter results apparently failed to live up to sky-high expectations. While the company beat consensus expectations for both sales and earnings, Meta Platforms (META) executives gave a lighter-than-expected sales forecast for the current quarter. X Meanwhile, Meta’s push to be a leader in generative artificial …
Mumbai: The earnings upgrade-to-downgrade ratio has weakened over the past three months, with 251 companies in the Nifty 500 universe experiencing downgrades for FY24, compared with 152 upgrades, Bloomberg data showed. Among the Nifty 50 companies, 30 experienced downgrades, while 19 underwent upgrades in this period. A Bloomberg earnings upgrade or downgrade is the consensus …
Air travelers walk toward a Lyft pickup area at Los Angeles International Airport in Los Angeles on Aug. 20, 2020. Mario Tama | Getty Images Lyft shares initially soared in extended trading on Tuesday but pulled way back after the company’s finance chief acknowledged on an earnings call that the press release included a major …
Shares in Snap (SNAP) plunged Wednesday after the social media platform reported fourth-quarter adjusted profit that topped estimates while revenue missed Wall Street targets. The company plans higher investments for Snap stock amid stiff competition for consumer social media usage. X Snap reported Q4 financial results after the market close on Tuesday. On the stock …
Over the halfway mark into the earnings season, nearly 190 companies will be announcing their December quarter earnings on Wednesday with Street keeping its eyes fixed on the results of Nestle India, Power Grid Corporation, Tata Consumer Products and Trent. Among other important results will be those by Fortis Healthcare, Gujarat Narmada Valley Fertilizers & …
“It may prevail for a couple of more quarters as well but these are the new high growth emerging sectors, the QSR especially the very high growth emerging as category, they will have a very superior growth for a long period of time and because of that I think it is a good time to …
Software titan Microsoft (MSFT) late Tuesday beat Wall Street’s targets for its fiscal second quarter thanks to strong cloud computing business. But its sales guidance for the current quarter was a shade below estimates. MSFT stock wavered in extended trading. X The Redmond, Wash.-based company earned $2.93 a share on sales of $62.02 billion in …
Microsoft CEO Satya Nadella, left, departs from federal court in Washington, D.C., on Oct. 2, 2023. Nathan Howard | Bloomberg | Getty Images Microsoft shares moved as much as 2% lower in extended trading Tuesday after the software maker issued fiscal second-quarter results that outdid analysts’ estimates and a light quarterly revenue outlook. Here’s how …