Intuit (INTU) reported quarterly earnings of $1.65/share, surpassing the Zacks Consensus Estimate of $1.38/share and showcasing a growth from last year. With consistent performance over the past quarters, Intuit's stock has risen by 28.7% this year, outpacing the S&P 500.
Disney's stocks are plummeting, with a potential close at their lowest since 2014. Meanwhile, AMC is converting its preferred equity units to common stock, causing market stir. Despite a 26.4% drop in AMC's stock, CEO Adam Aron defends the company's strategic moves, emphasizing the importance of raising capital.
Autodesk reported Q2 earnings surpassing expectations, with revenue at $1.06 billion and an EPS of $1.21. Additionally, the company's optimistic Q3 projections include revenues between $1.11 billion and $1.13 billion.
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Nvidia is set to announce its Q2 earnings, with its shares tripling in 2023 amid rising AI interest. However, the broader market shows signs of waning. Given Nvidia's key role in AI and its market influence, the report is keenly awaited by investors and analysts.
SoftBank-supported Arm Holdings reported a 1% decline in yearly revenue, largely attributed to a dip in smartphone sales. Nevertheless, the company is preparing for a major U.S. IPO, poised to invigorate the stagnant IPO landscape.
Zoom's Q2 earnings surpassed expectations with a revenue of $1.14 billion and adjusted earnings of $1.34 per share. The company also raised its full-year forecast, reflecting consistent enterprise focus and innovative offerings.
MercadoLibre's Q2 earnings soared, outpacing estimates. Schlumberger's stock surged with a 112% Q2 growth. KB Home's earnings and dividends exceeded expectations. Royal Caribbean reported record Q2 earnings due to high demand. Alphabet's growth, fueled by AI, cloud, and YouTube, promises a robust future.
VinFast made a striking U.S. stock market debut with a 270% increase, Tesla pursued its competitive pricing approach in China, and Mullen launched a stock buyback to comply with Nasdaq regulations.
Deere & Co. has raised its annual profit outlook due to strong demand for large tractors. The company's Q3 results exceeded analyst estimates, with an EPS of $10.20 and revenue of $15.8 billion.
Palantir's stock has seen a 145% surge in 2023, driven by AI interests and strong earnings. While its AI platform, AIP, promises growth with a 38% YoY customer increase, concerns arise from its high valuation relative to sales growth. Investors should weigh AI potential against valuation risks.
Cisco's Q4 results surpassed Wall Street predictions, driven by enterprise interest in AI, security, and cloud. Although the stock initially dropped, it rebounded by 3% after the earnings call. The company reported an adjusted EPS of $1.14 on $15.2 billion revenue. However, analysts remain cautious about Cisco's FY24 growth projections.
Lenovo Group Ltd. reported a 66% decrease in net income, with profits falling short for the second consecutive quarter due to a declining global PC market. Despite challenges, the company sees potential growth in the AI server sector.
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Tencent Music Entertainment surpassed 100 million subscribers, with a 20% YoY increase. Despite challenges from stricter live-streaming controls in China, the company's Q2 financials showed a rise in revenues and net profit, with music subscriptions playing a pivotal role.
MSCI Inc. has announced an all-cash deal to acquire the remaining 66% of Burgiss Group for $697 million. This acquisition will enhance MSCI's private asset data analytics and expand its multi-asset class technology solutions. The deal complements MSCI's existing position in private real estate and is expected to close in the fourth quarter of 2023.
Major retailers like Walmart, Target, and Home Depot are set to release Q3 earnings, with various expectations. Cisco Systems projects positive earnings growth, while Visa's robust quarterly earnings show strong financial indicators. The Dow Jones outperforms other major indexes, and Deere & Company anticipates strong growth in its Q3 fiscal 2023 earnings.
Exxon Mobil Corporation is about to trade ex-dividend, and investors must buy shares before August 15th to receive the next dividend of US$0.91 per share. The company's earnings have been growing at 23% per annum for the past five years, and with a modest payout ratio of 29%, the dividend appears sustainable.
AppLovin Corporation (APP) exceeded Q2 expectations with earnings of $0.22 per share and revenues of $750.17 million. The stock has risen 185.4% this year, and future performance is anticipated to align with market trends.
Roblox Corporation faces mixed analyst ratings, a recent stock crash, and plays a role in the emerging metaverse. The current market conditions suggest that Roblox stock isn't a buy right now, with concerns over earnings growth.
Disney's Q3 report revealed a revenue miss but a significant reduction in streaming losses to $512 million. Despite cost-cutting efforts and price hikes in streaming services, Disney faced challenges in subscriber growth and revenue, with a 4% rise to $22.33 billion. The mixed results highlight Disney's ongoing transformation in a competitive market.
Siemens' Q3 results present a complex scenario. The company's return to profit and significant revenue growth in the digital industry and smart infrastructure sectors are promising signs. However, the miss in revenue and earnings forecasts has led to a fall in shares, reflecting investors concerns.
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Wix.com has surpassed Q2 earnings expectations and received a major rating upgrade from "hold" to "buy." The company's strong performance and positive analysts' insights indicate substantial growth potential, making it a promising investment opportunity.
Lucid Motors faced a challenging Q2, missing earnings expectations and cutting Air sedan prices. With $6.25 billion in liquidity and plans for the Gravity SUV, Lucid aims to navigate the competitive EV landscape.
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