Broadcom recently reported its fiscal third-quarter results, which exceeded Wall Street’s expectations for both revenue and earnings. The company posted earnings per share of $1.24 adjusted, beating the expected $1.20. Additionally, revenue came in at $13.07 billion, surpassing the $12.97 billion that was anticipated. Overall, these numbers indicate a strong performance for Broadcom in the
Earnings
Volvo Cars recently announced that it is adjusting its margin and revenue targets due to various factors, including global trade complexities and tariffs. The Swedish automaker, majority-owned by China’s Geely Holding, is now aiming for a 2026 EBIT margin goal of 7-8%, down from its previous target of “above 8%.” Additionally, Volvo Cars has shifted
CrowdStrike, a cybersecurity software maker, recently experienced a significant setback as its shares slipped by 4% in extended trading following the announcement of its fiscal second-quarter results. Although the company reported impressive numbers, including earnings per share of $1.04 adjusted versus 97 cents expected and revenue of $963.9 million compared to $959 million expected, CrowdStrike
Nvidia, a prominent technology company, faced a slight dip in its fiscal second-quarter gross margin, leading to a decrease in its stock value in the U.S. premarket trade. Despite reporting impressive revenue growth of over $30 billion, up 122% year-on-year, the company struggled to meet the high expectations set by analysts and investors. As Nvidia
On Thursday morning, Gap shares were abruptly halted due to the early release of their quarterly earnings. This unexpected turn of events left investors wondering about the implications of this premature disclosure. According to Bloomberg, a presentation containing the results briefly surfaced on Gap’s website before being taken down. The sudden appearance of this information
American Eagle missed Wall Street’s sales targets for a second consecutive quarter, causing the company’s shares to drop by approximately 3% in early trading. This disappointment came despite a nearly 60% increase in profit, driven partly by lower product costs. The company reported earnings per share of 39 cents, slightly above the expected 38 cents.
MongoDB experienced a significant surge in its shares, jumping as much as 16% in extended trading after releasing its fiscal second-quarter earnings report. The company exceeded expectations, reporting earnings per share of 70 cents adjusted versus the expected 49 cents. Additionally, revenue came in at $478.1 million, surpassing the anticipated $464.1 million. This resulted in
Salesforce reported a 4% increase in shares following their robust fiscal second-quarter results. The company surpassed earnings per share expectations, reporting $2.56 adjusted vs. $2.36 expected, and revenue of $9.33 billion vs. $9.23 billion expected. This strong financial performance highlights the company’s ability to deliver value to its stakeholders and maintain its competitive edge in
JD.com, a prominent Chinese online retailer, recently announced a $5 billion buyback, leading to a 1.2% increase in its Hong Kong-listed shares. This positive response contrasted with the overall decline in the Hang Seng index, indicating investor confidence in the company’s strategic move. Similarly, JD.com’s U.S. listed shares rose by 2.24% following the announcement, despite
Amazon’s retail business is facing a substantial challenge as it strives to increase its profits. With consumers constantly seeking larger discounts and better deals, the pressure is on for Amazon to deliver. Analysts from MoffettNathanson have projected that Amazon needs to generate an additional $90 billion in operating income from fiscal 2023 to fiscal year