NVidia beat both earnings and revenue expectations in the third quarter of 2021. Revenue for the third quarter was a record $7.10 billion, up 50 percent from a year earlier. Record quarterly revenue was achieved in Gaming, Data Center, and Professional Visualization. Gaming revenue was up 42 percent from a year ago and up 5 percent sequentially Q3 2021 Earnings NVDA reported adjusted earnings per share of $1.17 and revenue of $7.1 billion. Analysts expected $1.11 earnings per share and … Continue reading “Nvidia Record Quarterly Revenue in Gaming, Data Center, and Professional Visualization”
Digital advertising placement firm Trade Desk shares soared 21.5% after better than expected third quarter earnings. Relief came as $TTD avoided headwinds that plagued the social media industry in Q3, hitting Snap, Facebook (FB), Twitte r(TWTR) and Roku with underwhelming reports.
Waitr Holdings (Nasdaq: WTRH), an on-demand ordering and delivery platform, that billionaire Tilman Fertitta and Jefferies acquired in 2018 via their first SPAC, Landcadia I, reported Q3 earnings today. Waitr pulled the announcement forward, with earnings initially expected out on 11th Nov. Waitr missed revenue estimates by ~6%, but significantly improved profitability with $0.09 EPS vs. -$0.04 estimate and $0.04 in the same quarter of 2020. Waitr attracted attention earlier in October when Morgan Stanley disclosed a 10% stake in … Continue reading “Resurgent Waitr Recovering From Covid and Hurricanes Posted Strong Profit”
Chevron reported better than expected third quarter earnings Friday. With oil and natural gas prices at significant highs $CVX reported earnings of $6.1 billion and cash flow from operations of $8.6 billion with record free cash flow of $6.7 billion and share repurchases of $625 million. Fellow oil major Exxon also reported Friday.
Oil giant ExxonMobil reported better than expected third quarter earnings Friday as oil and natural gas prices hit long term highs. Crude oil and natural gas prices are now up 130% and 70% yr/yr . Cash flow generation saw XOM pay down $4 bln in debt this quarter, the year-to-date total to $11 bln.
Retail monster Amazon.com reported much weaker September quarter earnings Thursday. $AMZN stock tumbled 4.5% after they guided much lower than expected. Amazon was already projected to grow at the slowest in the past decade but issued an even bleaker picture blaming labor and supply issues. This is the last quarter under which the e-commerce and technology giant’s founder Jeff Bezos was CEO, as longtime company exec Andy Jassy took over the top spot on July 5. Could this be the … Continue reading “Amazon Stock Tumbles After Missing Revenues, Guiding Far Below Consensus Expecting Labor Supply Issues To Hit Holiday Sales”
Consumer electronics giant Apple reported weaker September quarter earnings Thursday. iPhone sales increased nearly 47% BUT chip supply constraints impacted iPhones and iPads this quarter.Tim Cook says supply issues cost company $6 billion.
Advanced Micro Devices reported better than expected third-quarter earnings on Tuesday after the close of markets. $AMD also guided higher for the fourth quarter. Gross margin rose to 48% from 44% y/y with more expensive processors selling more.
Social media company Twitter reported worse than expected third quarter earnings Tuesday with a net $537 million loss. However $TWTR revenue growth outpaced the increase in users. Apple’s iOS 14.5 privacy change impact on Q3 revenue compared with Q2 “remained modest.”
Internet giant Alphabet, owner of Google reported better than expected in third quarter earnings after the close Tuesday. Google advertising, which includes search and YouTube ads, exhibited accelerating momentum with the the economy and travel returning as did cloud and YouTube revenues.