Executives told investors revenue will grow more than 50 percent annually for “multiple” years, according to reports on Reuters, Bloomberg and CNBC. That’s more than 12 percentage points above the previous consensus estimate for next year.
Alphabet (GOOGL) made the biggest splash, spiking more than 12 percent to new record highs. The search giant benefited from a stay-at-home boom in online advertising. But a lot more is going on.
Walt Disney (DIS), Cisco Systems (CSCO) and Applied Materials (AMAT) beat analyst forecasts but remained below recent highs. Less prominent companies including Chinese e-commerce firm Pinduoduo (PDD) and cannabis stock GrowGeneration (GRWG) surged to new territory.
Both U.S market and Australian market are hitting record highs, let’s keep an eye on the companies that going to announce their earnings this week.… Read More »Earnings Season is ramping up, the companies to watch this week (29th April – 5th May 2019)
Earnings season is approaching and these large U.S. companies are set to report to the market this week. Let’s take a look! Citigroup Inc. (Symbol:… Read More »Large companies set to report earnings this week
Skyworks Solutions (SWKS), Microchip Technology (MCHP), On Semiconductor (ON) and Cypress Semiconductor (CY) all pushed higher after releasing their quarterly results. Some beat estimates and others merely came in line, but they all gained on hopes that the worst of the industry’s slowdown has passed.