Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024.Brendan Mcdermid | ReutersAdobe reported third-quarter results on Thursday that beat Wall Street expectations for sales and earnings, but the stock slid 10% in extended trading on...
Broadcom CEO Hock Tan.Lucas Jackson | ReutersBroadcom reported fiscal third-quarter results on Thursday that beat Wall Street expectations for revenue and earnings.Broadcom shares fell 5% in extended trading.Here is how the chipmaking conglomerate did versus LSEG consensus estimates for the quarter ending Aug. 4:Earnings per share: $1.24 adjusted vs....
Nvidia reported earnings after the bell that beat Wall Street expectations, and provided stronger-than-expected guidance for the current quarter.Nvidia shares fell 8% in extended trading.Here is how the company did versus LSEG consensus expectations:Earnings per share: 68 cents adjusted vs. 64 cents expectedRevenue: $30.04 billion vs. $28.7 billion expectedNvidia...
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | ReutersFor Nvidia investors, the past two years have been a joyride. But recently they've been on more of a roller coaster.As the primary beneficiary of the artificial intelligence...
Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024.Source: AppleThe topic of greatest interest to analysts on Apple's quarterly earnings call on Thursday was a product that's not even available to the general public yet.Apple Intelligence, the company's forthcoming artificial intelligence system, could spur...
Apple's third quarter, which ends in June, is traditionally the company's slowest quarter of the year by sales.This year, the "main event" won't be Apple's earnings, wrote Barclays analyst Tim Long, it's what the company says about the September quarter, which is nearly one-third over.Here's what Wall Street expects from...
Qualcomm president and CEO Cristiano Amon speaks at a news conference during CES 2022 in Las Vegas, Nevada, U.S. January 4, 2022.Steve Marcus | ReutersQualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations, particularly for sales, and provided strong guidance for the current quarter.Qualcomm stock rose...
Lisa Su at the Keynote: Lisa Su in Conversation with Ryan Patel as part of SXSW 2024 Conference and Festivals held at the Austin Convention Center on March 11, 2024 in Austin, Texas. (Photo by Travis P. Ball/SXSW Conference & Festivals via Getty Images)Travis P. Ball | Sxsw Conference...
Sanjay Mehrotra, CEO of Micron Technology Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024. Brendan Mcdermid | ReutersMicron shares fell almost 8% in extended trading on Wednesday as investors looked past better-than-expected results...
Igor Golovniov | Lightrocket | Getty ImagesBroadcom posted earnings for the second fiscal quarter on Wednesday that beat analysts' estimates. It also announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on July 15.The stock rose about 10% in extended trading.Here is how the company...