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One of the largest software companies in the world, Adobe Inc. (NASDAQ: ADBE) announced Q1 FY2024 earnings results after the market closed in the US on Thursday. The company achieved revenue of $5.182 billion – a new record vs. $5.143 billion expected. Revenue grew by 11% year-over-year. Earnings per share (EPS) was reported at $4.48 (up fr...
Lennar Corporation (NYSE: LEN) has had a good start to 2024 with the share price up by over 11% reaching new all-time highs. On Wednesday, it was time for the US construction company to release the latest financial results for Q1 2024, ending on 29/2/24. Lennar reported revenue of $7.313 billion for the quarter, which was below estimate of $7...
Oracle Corporation (NYSE: ORCL) announced the latest financial results for Q3 of fiscal 2024 after the market close on Monday. The US software and hardware manufacturer did not disappoint investors as both revenue and earnings per share (EPS) topped estimates. The company achieved revenue of $13.3 billion for the previous quarter vs. $13.286 ...
Broadcom Inc. (NASDAQ: AVGO) wasn’t the only company releasing the latest earnings report on Thursday. World’s second largest supermarket chain Costco Wholesale Corporation (NASDAQ: COST) also announced their results after the closing bell on Wall Street. Costco reported revenue of $57.33 billion vs. $59.111 billion expected. Revenue rose...
Broadcom Inc. (NASDAQ: AVGO) announced its latest financial results after the US market closed on Thursday. The US tech giant achieved revenue of $11.961 billion in the first quarter of fiscal year 2024 (up by 34% year-over-year) vs. $11.759 billion estimate. Earnings per share was reported at $10.99 (up by 6.38% year-over-year) vs. $10.368 p...
It hasn’t been the best start to 2024 for JD.com Inc. (NASDAQ: JD) with the stock down by over 14%. On Wednesday, the Chinese e-commerce company announced the latest financial results, which sent the stock higher. Beijing based company achieved revenue of $43.111 billion vs. $42.216 billion expected. Revenue increased by 3.6% year-over-year...
Last week, Chinese electric vehicle manufacturer NIO Inc. (NYSE: NIO) released its latest delivery numbers for February. On Tuesday, it was time for the company to announce Q4 2023 and full-year financial results. Let’s take a closer look at how the company performed. NIO achieved revenue of $2.409 billion for the last three months of 2023, wh...
American supermarket chain Target Corporation (NYSE: TGT) announced the latest earnings results before the opening bell on Wall Street on Tuesday. Target reported revenue of $31.919 billion for the previous quarter vs. $31.827 billion expected. Earnings per share (EPS) also topped estimates at $2.98 vs. $2.416 per share expected. Revenue a...
NIO Inc. (NYSE: NIO) has had a terrible start to 2024 with the stock plummeting by over 35% year-to-date. On 23/2/24, JP Morgan Chase & Co. downgraded its price target for NIO from $8.50 to $5 a share, citing "weakness to the company's slow sales in January and investor concern on the company's sales and earnings momentum in 2024." On Fri...
Hewlett Packard Enterprise Company (NYSE: HPE) released earnings results for Q1 of fiscal 2024 after the US market closed on Thursday. The American information technology company reported revenue of $6.8 billion for the three months ending on 31/1/24 vs. $7.089 billion estimate. Revenue was down by 14% year-over-year. Earnings per share (EPS)...
American customer relationship management company Salesforce Inc. (NYSE: CRM) released the latest financial results after the closing bell on Wall Street on Wednedsay. Salesforce achieved revenue of $9.287 billio for the fourth quarter of fiscal 2024 vs. $9.223 billion expected. Revenue increased by 11% from the same period the year before. E...
AutoZone Inc. (NYSE: AZO) announced Q2 fiscal 2024 results before the US opening bell on Tuesday. The largest US retailer of aftermarket automotive parts and accessories achieved revenue of $3.859 billion in the quarter, which topped analyst estimate of $3.846 billion. Earnings per share (EPS) reached $28.89 vs. $26.296 per share expected. ...
Zoom Video Communications Inc. (NASDAQ: ZM) reported the latest financial results after the closing bell on Wall Street on Monday. American communications technology company reported revenue of $1.146 billion for the previous quarter vs. $1.129 billion expected. Revenue grew by 2.2% vs. the same period the year before. Earnings per share (EPS...
Chinese electric vehicle company Li Auto Inc. (NASDAQ: LI) announced Q4 and 2023 fully-year results before the US market opened on Monday to kick off a new trading week. Li Auto achieved revenue of $5.878 billion (up by 136.4% from Q4 2022) vs. $5.599 billion expected. EPS was reported at $0.594 per share in Q4, above estimate of $0.446 per s...
Business software company Intuit Inc. (NASDAQ: INTU) reported Q2 of fiscal 2024 earnings results after the market closed in the US on Thursday. The company achieved revenue that was in line with analyst estimates at $3.386 billion. Revenue increased by 11% year-over-year. Earnings per share topped Wall Street estimates at $2.63 (up by 20% yea...