AMD Warns on PC Slump but Gains on Intel in Lucrative Data Center Market

Advanced Micro Devices reported Tuesday quarterly revenue ahead of consensus, AMD however guided lower for the quarter ahead by over $150 million. Analysts and investors were excited that AMD is gaining further ground on Intel. The stock traded higher on AMD making up for a personal-computer slump with gains in the lucrative data center market. The company’s data center business revenue grew 42% in the quarter, compared with the 33% decline recorded at INTC’s data center and artificial intelligence unit … Continue reading “AMD Warns on PC Slump but Gains on Intel in Lucrative Data Center Market”

Tesla Reports Optimistic Outlook with Record Revenue and Orders

Tesla reported Q4 earnings after the market close Wednesday of $1.19 earnings per share beating the consensus of $1.13 per share. Revenue rose to $24.32 billion ahead of the consensus $24.16 billion. $TSLA shares rose more than 9% after CEO Elon Musk said the company might be able to produce 2 million cars this year. The Tesla company acknowledged that average sales prices have “generally been on a downward trajectory for many years,” and said “affordability” would be necessary for … Continue reading “Tesla Reports Optimistic Outlook with Record Revenue and Orders”

Netflix Shares Jump on Big Paid Subscribers Beat, Despite Earnings Miss on Forex Losses

Streaming giant Netflix reported worse than expected fourth quarter earnings after the market close Thursday on foreign exchange losses or remeasurement. NFLX reported revenues in-line, paid net subscriber additions of 7.66 mln topped prior guidance. The company guided Q1 EPS below consensus, but revenues above consensus, saying it expects positive paid net adds yr/yr. Netflix appointed new co-CEOs, which at first glance seems confusing for investors. NFLX stock traded up to $338.27 gaining $22.49 (+ 7.12%) after Hours.  Over the past … Continue reading “Netflix Shares Jump on Big Paid Subscribers Beat, Despite Earnings Miss on Forex Losses”

Tesla Used Cars the Last Domino to Fall in Stock and Branding Rout

Tesla was the green technology, electric vehicle and ESG golden child run by the world’s living genius, then it all come back to earth swiftly. There are many facets of this fall, the last domino appears to be Tesla vehicles resale value. Used car prices in the US have gone from hyperinflation to deflation very quickly in 2022. In November’s CPI the used cars and trucks index declined 2.9% month-over-month and was down 3.3% year-over-year. However, used car prices this … Continue reading “Tesla Used Cars the Last Domino to Fall in Stock and Branding Rout”

Chip Equipment Maker Applied Materials Raises Guidance, Delivers Record Revenue

Chip equipment supplier Applied Materials reported better than expected fiscal fourth quarter profit and revenue after the market close Thursday. AMAT reported Record quarterly revenue of $6.75 billion, up 10 percent year over year. The company raised its Guidance sending the stock up 4% in the after-hours market. Record revenue in semi systems and AGS with strong orders and growing backlog. Applied Materials Q4 22 Earnings: Applied Materials reported fiscal fourth-quarter net income of $1.59 billion, or $1.85 a share, on sales of … Continue reading “Chip Equipment Maker Applied Materials Raises Guidance, Delivers Record Revenue”

Tesla Revenues Miss, Margins Decline on Strong US Dollar on Production and Delivery Bottlenecks

Tesla reported Q3 earnings after the market close Wednesday of $1.05 earnings per share beating the consensus of $0.99. Revenue rose to $21.5 billion but missed analysts’ projections of $21.96 billion. $TSLA cited the higher US dollar and higher costs related to a slower-than-expected ramp up in output at the new factories in Austin and Berlin. Additionally, there was difficulties shipping vehicles. Tesla expects to begin delivering the new Semi Truck in December. Tesla shares fell after hours to $214.83 −$7.21 or … Continue reading “Tesla Revenues Miss, Margins Decline on Strong US Dollar on Production and Delivery Bottlenecks”

Netflix Earnings Beat, Adds Subscribers, Games & Password Sharing Plan

Streaming giant Netflix reported better than expected third quarter earnings after the market close. NFLX added 2.41 million net subscribers during the quarter more than double the 1 million it had forecast. The majority of Netflix’s net subscriber growth came from the Asia-Pacific region with 1.43 million new subscribers. Netflix also outlined its plan to crack down on password sharing next year. NFLX also updated it’s gaming strategy. $NFLX rose to $275.49 up 34.63 or 14.38% after hours adding to the … Continue reading “Netflix Earnings Beat, Adds Subscribers, Games & Password Sharing Plan”

What to Look for in Netflix Earnings from Mobile Gaming to Expanding Content

Streaming giant Netflix report third quarter earnings reports quarterly earnings on October 18 after the market close. With the tech wreck of 2022 $NFLX has endured a volatile year. Over the past twelve months, NFLX stock has traded in an extreme range between $162.71 and $700.99. Heading into earnings it trades at $248.29, +18.29, +7.95% the day prior. FactSet analyst estimates provide an EPS consensus of $2.14 and a sales consensus of $7.83bn Netflix Inc NASDAQ: NFLX · Report After … Continue reading “What to Look for in Netflix Earnings from Mobile Gaming to Expanding Content”

Semiconductor gloom as AMD Warns Again, Samsung First Profit Decline in Three Years

Advanced Micro Devices issued preliminary third-quarter results Thursday that are well below its initial guidance from an already weak second-quarter earnings and guidance where AMD slashed its revenue and gross margin guidance for Q3, citing a “significantly” weaker PC market. Now they are saying it’s even worse saying its non-GAAP gross margin is expected to come in around 50%, while it had previously expected gross margin to be closer to 54%. AMD is seen as having a significant market opportunity … Continue reading “Semiconductor gloom as AMD Warns Again, Samsung First Profit Decline in Three Years”

Zscaler Raises Guidance on Rising Cloud Based Cybersecurity Demand

Zscaler shares soared 10% after beating earnings expectations and raising guidance for the fiscal fourth quarter. $ZS’s fiscal 2023 outlook came in above views. The digitization of business underscored that the shift continues to benefit $ZS with the surge in demand for its cloud security products. $ZS shares jumped on the release in the extended session Thursday 12%, following a 4.4% rise in the regular session. Zscaler Fiscal Fourth Quarter Earnings Zscaler (ZS) beat by $0.04, beat on revs Guided Q1 EPS … Continue reading “Zscaler Raises Guidance on Rising Cloud Based Cybersecurity Demand”