Micron Earnings Boosted by Data Center Sales and DRAM Shipments for the Cloud.

Memory chip maker Micron reported better than expected earnings after the close Monday boosted by data-center sales growing over 70% year over year from cloud demand and the resurgence of enterprise IT investment. Strong DRAM bit shipments for the cloud, graphics, PC and notebook, 5G and automotive markets continued. Micron DRAM memory density Micron Technology, Inc. NASDAQ: MU Reported Earnings After Close Monday $2.16 Beat $2.10 EPS Forecast and $7.69 Beat $7.68 billion forecast in revenue Earnings Q1 2022 results … Continue reading “Micron Earnings Boosted by Data Center Sales and DRAM Shipments for the Cloud.”

Amazon Stock Tumbles After Missing Revenues, Guiding Far Below Consensus Expecting Labor Supply Issues To Hit Holiday Sales

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”

Alphabet Earnings Deliver as Google Search Advertising Picks Up With Travel Activity

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.

Microsoft Cloud Leads Robust Earnings and Revenue Beat for MSFT

Software giant Microsoft reported boom Q1 2022 quarter earnings Tuesday after the close as both revenue and earnings beat expectations. Microsoft Cloud generated $20.7 billion in revenue for the quarter, up 36% year over year.

Amazon Priming For Christmas Hiring 150,000 Seasonal Employees

Retail monster Amazon.com is not slowing down with all the talk of inflation and supply constraints it is busy priming its workforce for the holiday season. $AMZN aims to hire 150,000 seasonal employees in the U.S. getting a jump ahead in the tight labor market.

Micron Earnings Beat on DRAM Bit Shipments But Lowers Guidance on Chip and China Headwinds

Memory chip maker Micron reported better than expected earnings after the close Tuesday but lowered guidance sending $MU 4% lower. Strong DRAM bit shipments for the cloud, graphics, PC and notebook, 5G and automotive markets was anticipated.

DocuSign Raises Guidance as eSignature Software Continues To Gain Standard Practice

DocuSign, leading provider of electronic signature technology reported better than expected Q2 earnings as digitization of documents continues to become standard practice. Many had expected revenue growth to slow after the work-from-anywhere boom. $DOCU actually raised revenue guidance for Q3 and FY22.

Amazon Stock Tumbles 7.5% After Missing Revenues, Guiding Far Below Consensus

Retail monster Amazon.com reported June quarter earnings Thursday,first report since founder Jeff Bezos stepped down, beating on earnings but missed on revenues. $AMZN stock tumbled after they guided much lower than  expected. Q2 midline revenue of $109BN is projected to grow  the slowest in the past decade.

Google Strength in Advertising Helps Alphabet Smash Earnings Targets

Internet giant Alphabet, owner of Google reported huge beats in second quarter earnings after the close Tuesday. Google advertising, which includes search and YouTube ads, exhibited accelerating momentum again as did cloud and YouTube revenues sending $GOOGL higher.