Broadcom on Thursday evening reported another strong quarter and better-than-expected guidance for the current quarter. Nonetheless, the Club stock gave up its initial pop and traded sharply lower as the Q & A session of the post-earnings conference call kicked off. Investors were apparently not satisfied with CEO Hock Tan’s answer to an important question….
Nvidia on Wednesday evening delivered better-than-expected quarterly results, with a guide that should impress even those with the highest of expectations. Revenue in the company’s fiscal 2026 third quarter grew 62% year over year to $57.01 billion, outpacing the $54.92 billion the Street was looking for, according to estimates compiled by data provider LSEG. Adjusted…
Cisco Systems shares spiked higher Wednesday evening after the networking company delivered a quarterly beat and outlook raise. Another quarter of double-digit order growth proves Cisco is an underrated winner from the AI infrastructure buildout. Revenue in the company’s fiscal 2026 first quarter, which ended Oct. 25, increased 8% year over year to $14.88 billion,…
Call us believers in the Qnity Electronics story. We’re instituting a buy-equivalent 1 rating and price target of $110 a share on the newly public DuPont spin-off — betting there’s plenty of upside ahead thanks to Qnity’s exposure to secular trends such as artificial intelligence and high-performance computing. Qnity is a key supplier of chemicals…
Texas Roadhouse on Thursday evening reported a mixed third quarter as stubbornly high beef prices continued to weigh on profitability, overshadowing what was otherwise the highest quarterly revenue, same-store sales, and traffic growth of the year. Revenue in the quarter ending Sept. 30 increased 12.8% year over year to $1.44 billion, exceeding the LSEG-complied Wall…
Linde ‘s earnings beat Friday couldn’t overcome a cash flow miss and softer guidance. Shares of the industrial gas giant are down 2%. Revenue for the third quarter ended Sept. 30 increased roughly 3% versus the year-ago period, coming in at $8.62 billion, edging out the $8.61 billion consensus estimate compiled by LSEG. Adjusted earnings…
Amazon shares surged Thursday in extended trading after the tech giant posted better-than-expected third-quarter results, driven by accelerated revenue growth from its cloud computing unit. The company’s outlook for the fourth quarter was also solid, easing investor fears that it was falling behind in the AI race. Revenue increased 13% year over year to $180.17…
Talk about a monster quarter. Apple delivered a great September quarter Thursday evening, even as iPhone supply was constrained by strong demand. The stock really got going after the company’s strong forecast for the holiday quarter. Revenue in Apple’s fiscal 2025 fourth quarter, which ended Sept. 27, rose 8% year over year to $102.47 billion,…
Meta Platforms shares were taking a beating in extended hours trading on Wednesday after management raised its expense guidance and took a massive tax charge. Revenue in the three months ended Sept. 30 climbed 26% year over year to $51.24 billion, easily outpacing the consensus estimate of $48.14 billion, according to LSEG. Adjusted earnings per share…
Honeywell moved higher Thursday after the sprawling conglomerate reported a quarterly beat and a full-year guidance raise ahead of next week’s first step to split into three companies. Revenue in the third quarter ended Sept. 30 rose 7% year over year to $10.41 billion, topping expectations of $10.11 billion, according to market data service LSEG….
