Super Micro Computer Inc., a prominent player in the server manufacturing industry, is currently experiencing a significant downturn. On Wednesday, the company’s shares fell by a staggering 22%, marking the lowest point since May of the previous year. This decline can be attributed to the company’s disappointing unaudited financial results and the alarming absence of
Earnings
On Thursday, Airbnb unveiled its third-quarter earnings, which painted a complex picture for investors and analysts alike. The company reported earnings of $2.13 per share, falling slightly short of expectations set at $2.14, according to LSEG. However, on the revenue front, Airbnb managed to exceed estimates with earnings of $3.73 billion, surpassing the anticipated $3.72
Taiwan Semiconductor Manufacturing Company (TSMC) has recently revealed its impressive financial results for the fourth quarter, marking a period of substantial growth and achievement in the semiconductor sector. With a reported revenue of 868.5 billion New Taiwan dollars (approximately $26.3 billion), TSMC not only surpassed analyst expectations but also showcased a staggering year-on-year increase of
The latest quarterly results from Constellation Brands have raised significant concerns among investors, prompting a reevaluation of the stock’s place in investment portfolios. This iconic producer of beer, wine, and spirits has been grappling with various market challenges, and the latest earnings report casts a shadow over its fiscal health. The results for the three
Delta Air Lines has set a positive tone for the upcoming year, surprising analysts with an optimistic first-quarter outlook that signals robust travel demand. CEO Ed Bastian proclaimed that 2024 is shaping up to potentially be the airline’s best year to date. This assertion is bolstered by an anticipated growth in free cash flow, projected
In a notable fiscal first-quarter report released on Friday, Walgreens showcased a mixture of resilience and ongoing challenges as it navigates through a transformative period. For the three-month duration concluding on November 30, Walgreens exceeded analysts’ expectations with adjusted earnings per share (EPS) of 51 cents, significantly above the anticipated 37 cents. Revenue for this
In the competitive landscape of digital advertising and online gaming, few stories shine as brightly as that of AppLovin, a company experiencing meteoric growth. After posting significant earnings that exceeded market expectations, AppLovin’s stock surged a remarkable 45% in one day, elevating its market valuation to over $80 billion. With a staggering 515% increase this
Lucid Group, the electric vehicle manufacturer seeking to carve a niche in the competitive EV market, recently released its third-quarter earnings, managing to slightly surpass Wall Street’s expectations. This achievement comes amid a backdrop characterized by aggressive cost-cutting initiatives and the anticipated launch of a new SUV model, the Gravity. While the reported adjusted loss
Lucid Group continues to make headlines as it reports a record number of vehicle deliveries for the fourth quarter, solidifying its presence in the ever-evolving electric vehicle (EV) market. The company announced a remarkable production figure of 9,029 vehicles and deliveries amounting to 10,241 units for 2024. Notably, the fourth quarter alone accounted for 3,386
Pinterest, the visually-driven social media platform, experienced a significant dip in its stock prices on Thursday, plummeting as much as 15%. This sharp decline came despite the company reporting positive third-quarter earnings that exceeded expectations. Investors were left concerned after Pinterest provided disappointing guidance for its upcoming fourth-quarter revenue. According to the data released by