Micron Technology Inc. shares rose in the extended session Thursday after the memory-chip maker’s earnings confirmed that the industry is turning a corner. Micron’s MU, +2.59% results and forecast topped Wall Street estimates, and shares rose 1.5% after hours, following a 2.6% rise to close at $ 79.11 in the …
Read More »Earnings Results: Cisco stock rallies 8% as results, outlook top Street view
Cisco has reported a year-over-year decline in revenue for four consecutive quarters. AFP via Getty Images Cisco Systems Inc. shares surged in the extended session Thursday after the maker of network services, videoconferencing tools and security software’s quarterly results and outlook topped Wall Street estimates, and it announced a new …
Read More »Earnings Outlook: Beyond Meat earnings preview: Competition and pricing could take a toll on margins
Beyond Meat continues to launch new products and expand distribution, but faces competition. Beyond Meat Beyond Meat Inc. BYND, -0.11% is scheduled to report third-quarter earnings on Monday amid a competitive landscape that seems to grow more crowded by the day. Over the past couple of months, Beyond Meat has …
Read More »Earnings Watch: Uber will take a financial hit no matter what California voters decide
Uber is scheduled to report third-quarter earnings Thursday. AFP via Getty Images When Uber Technologies Inc. reports financial results two days after Election Day, it may not know the fate of its business in its home state, but its bottom line will be affected either way. Uber UBER, +4.19%, ride-hailing …
Read More »Europe Markets: Dow futures slide 500 points and European equity futures drop as Big Tech earnings, COVID-19 and election worries weigh
A man’s reflection is shown in Apple’s flagship store in Madrid’s Puerta del Sol on Oct. 26, 2020. It remains closed due to the pandemic. MarketWatch/Kollmeyer European and U.S. equity futures pointed to losses for markets on Friday, with investors reacting to some disappointment over Apple and Amazon.com earnings, as …
Read More »Earnings Results: Apple’s resurgent Mac sales make up for iPhone shortfall
Apple reported fiscal fourth-quarter earnings Thursday. AFP/Getty Images Record Mac sales helped Apple Inc. make up for a lack of new iPhones in its fiscal fourth quarter, as the COVID-19 pandemic continued to drive surging demand for remote-work tools. Though Apple’s AAPL, +3.70% iPhone business fell short in the September …
Read More »NewsWatch: Stock-market investors brace for busiest week of earnings in October’s final hurrah
MARKETWATCH FRONT PAGE The S&P 500’s tech giants will vie for attention as they barrage the market with third-quarter earnings in the week before the Nov. 3 election. See full story. Ready for another Big Tech hearing/earnings doubleheader? Three months ago, Big Tech’s biggest names traipsed into a Congressional hearing …
Read More »Earnings Results: Peloton produces profit for the first time amid pandemic-demand spike, stock pushes toward new record
Peloton Interactive Inc. reported fiscal fourth-quarter earnings Thursday afternoon. MarketWatch photo illustration/iStockphoto A year after its initial public offering, Peloton Interactive Inc. is pedaling toward new highs amid a pandemic that is forcing people into their homes and away from gyms, creating demand for at-home fitness equipment. Peloton PTON, -3.75% …
Read More »Earnings Results: CrowdStrike stock retreats following coronavirus-fueled earnings beat
MARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO|, CROWDSTRIKE CrowdStrike Holdings Inc. shares retreated from 2020’s meteoric rise in the extended session Wednesday after the cloud-based cybersecurity company topped Wall Street estimates, with more businesses seeking to protect their systems as employees work from home. On a conference call, CrowdStrike CRWD, -1.12% co-founder and Chief …
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