Tag Archives: earnings

Micron Technology Inc. shares rose in the extended session Wednesday after the Boise, Idaho-based chip maker’s earnings and outlook topped Wall Street estimates and its CEO defended its capital spending amid a worldwide chip shortage. Micron’s stock MU, +1.93% rose 3.5% after hours, following a 1.9% gain in the regular …

Nio Inc.’s American depositary receipts fell more than 3% in the extended session Monday after the China-based electric-car maker reported mixed fourth-quarter results and said revenue for a “transformational” 2020 topped $ 2 billion. Nio NIO, +8.69% said it lost RMB1.39 billion ($ 212.8 million) in the quarter, or 16 …

Nvidia Corp. reported Wednesday that quarterly sales topped $ 5 billion for the first time in the fourth quarter, as holiday gaming-chip demand and renewed interest in cryptocurrency mining vied with supply shortages. Gaming sales surged 67% to a company record $ 2.5 billion, on gaming-card demand that Chief Executive …

Applied Materials Inc. late Thursday announced results and an outlook that topped Wall Street estimates, but the stock didn’t start taking off until the company started shedding light on what is driving its strong forecast. Applied Materials AMAT, -1.97% shares fluctuated between gains and losses before the analyst call started …

Cisco Systems Inc. shares declined in the extended session Tuesday after the maker of network services, videoconferencing tools and security software’s quarterly results topped Wall Street estimates, but sales in certain segments came in below expectations. Cisco CSCO, -0.90% shares shed more than 5% after hours, following a 0.9% decline …

Sizable earnings beats from Big Tech and the big banks are likely to drive a surprise lift in corporate profits this earnings season. S&P 500 index SPX, +0.39% companies are now projected to show positive earnings growth of 1.7% for the fourth quarter, with 58% of results already in. That …

Headphone maker Koss Corp., whose heavily shorted stock has been among those skyrocketing in recent weeks amid support from investors on Reddit’s WallStreetBets message board, swung to a second-quarter profit thanks to higher sales. Shares of Koss rallied more than 45% in the extended session Thursday, after closing down 28% …

Advanced Micro Devices Inc. expects strong data-center and gaming sales to keep sales strong into 2021 after the chip maker topped $ 3 billion in quarterly revenue for the first time late Tuesday and its results and outlook both topped Wall Street estimates. AMD AMD, +0.62% reported fourth-quarter net income of …

U.S. companies have barely managed to eke out positive earnings growth so far in this quarterly results season, but the big test arrives in the week ahead. Nearly a quarter of the S&P 500 SPX, -0.30% is set to report results, with those companies representing 39% of the index by …