Online healthcare company Teladoc Health’s   shares fell Thursday as several analysts lowered their share-price targets – following lower-than-expected quarterly earnings.

Teladoc reported a loss of -$1.31 a share, steeper than the -40 cents loss expected by analysts.It is also wider than the year-ago quarter’s  -40 cents per share.

Evercore ISI’s Elizabeth Anderson slashed her price target to $185 from $195 and kept her in-line rating.

Apple got rating upgrades from several analysts, following the iPhone maker’s blowout earnings results for its second quarter.

On Wednesday, Apple reported earnings that crushed analysts’ expectations, and also announced a $90 billion boost to its stock buyback program.

Goldman Sachs analyst Rod Hall boosted rating on Apple shares to neutral from sell, while hiking his price target to $130 from $83."  Hall noted that iPad demand is so solid that Apple says it will leave $3 billion to $4 billion of revenue on the table in fiscal Q3 ending June.

JPMorgan analyst Samik Chatterjee raised his price target on Apple shares to $165 from $150.

Facebook  shares rose +5% after-hours trading on Wednesday, as the social media behemoth beat first-quarter earnings expectations.

The company’s net income came in at $3.30 per share, compared with $2.37 per share expected by analysts polled by Refinitiv.  Earnings were $1.71 per share in the year-ago quarter.

Revenue surged +48% year-over-year to $26.17 billion in the quarter, vs. $23.67 billion expected by analysts.

Daily active users (DAUs) of 1.88 billion was close to the 1.89 billion forecast (based on FactSet data).Average revenue per user (ARPU) came in at $9.27 vs. $8.40 forecast by FactSet.

Advertising revenue was $25.44 billion, soaring +46% year-over-year, on the back of a +30% year-over-year increase in the average price per ad and a +12% rise in the number of ads delivered.

 

Apple crushed its  second quarter earnings expectations, on the back of double-digit growth in every single one of its product categories-- for the second quarter in a row.

The iPhone maker’s earnings for the quarter came in at $1.40, handily beating the $0.99 expected by analysts polled by Refinitiv.However, Apple CFO Luca Maestri said that the company expects June quarter revenue to rise by double digits year-over-year, although it faces supply challenges due to the worldwide chip shortage.

 

This compares to year-ago revenues of $205.55 million.

However, the company’s  weak second-quarter guidance led to its shares falling. It expects sales to come in between $300 million and $320 million during the second quarter, compared to analysts’ projections of $320.7 million (based on FactSet data).

“Looking to Q2, our shipment volumes will be constrained by semiconductor component availability,” Enphase President and CEO Badrinarayanan Kothandaraman said during the company’s earnings call.

“Although we are increasing the capacity of solar microinverters every quarter and the demand is increasing every quarter, the supply is unable to keep up with demand because of semiconductor constraints, component constraints,” Kothandaraman added.

The fast-food company, that owns chains like Taco Bell and Pizza Hut,  posted earnings of $326 million, or $1.07 a share, compared with $83 million, or 27 cents a share, in the year-earlier quarter.It also exceeded analysts’ expectation of $1.45 billion.

Global same-store sales increased 9%.

Shopify shares were rising during pre-market trading, as the company  beat analysts’ earnings expectations.

The e-commerce company’s adjusted net income was $2.01 a share, vs. 74 cents expected by analysts polled by FactSet.Net income came in at $1.26 billion, or $9.94 a share, compared to a year-earlier loss of -$31.4 million, or -27 cents a share.

Revenue rose +110% from the year-ago quarter to $988.6 million, surpassing analysts' consensus estimates of $859 million.

Gross merchandise volume from merchant customers surged +114% year-over-year to $37.3 billion.

FactSet consensus was $2.77 billion.

According to the company, it now has 15 million total paying direct-to-consumer subscribers across its platform, including more than 13 million for its Discovery+ streaming platform. 

"The global rollout of discovery+ is off to a fantastic start by any measure.Key metrics, including subscriber additions, customer engagement, and retention, are exceeding our expectations and demonstrating sustained momentum into the second quarter," Chief Executive David Zaslav said in a statement. 

Advanced Micro Devices   shares climbed  Wednesday, after the chipmaker provided strong guidance on current-quarter sales and a solid full-year outlook.

AMD expects June quarter revenues in the region of $3.6 billion, with a range of plus or minus $100 million, and a non-GAAP gross margin of 47%. For the full 2021 financial year, AMD projects revenue growth of +50%, indicating a total of around $14.65 billion, on expectations that semiconductor supply chain bottlenecks will subside over the second half of the year.

The company’s first quarter earnings surged +150% year-over-year to 45 cents per share, with revenues up +92% to $3.45 billion. 

 

 

Earnings were $9.87 a share in the year-ago quarter.

Revenue rose to $55.31 billion, up from $44.16 billion a year ago.

The company’s Google Cloud revenue for the quarter grew +46% year-over-year to $4.05 billion vs. $4.07 billion expected by analysts polled by FactSet.YouTube ads generated  $6.01 billion vs. $5.70 billion, according to StreetAccount.

According to a filing Tuesday, Alphabet’s board approved an additional stock repurchase of up to $50 billion on April 23.

 

Microsoft  posted its fiscal third quarter earnings that surpassed analysts’ expectations – in the ninth consecutive quarter.

The software behemoth’s earnings for the quarter came in at $1.95 a share, compared to  $1.77 a share expected by analysts polled by FactSet.

Revenue of $41.7 billion also beat estimates of $40.83 billion. Revenue grew at +19% annualized rate – the biggest quarterly growth since 2018.PC sales was a major contributor to growth.

The company said its Azure public cloud grew +50%, faster than the +46% growth analysts had expected, according to a CNBC review of 14 equity research notes.

This is the aircraft maker’s sixth quarterly loss in a row, as the coronavirus pandemic continues to weigh on global aircraft demand.

Boeing’s adjusted core loss for the three months ending in March came in at -$1.53 per share, steeper than analysts’ expectations of -$1.16.It had a profit of $1.70 per share in the year-ago quarter.

Revenue fell -10.6% year-over-year to $15.22 billion, but was higher than the $15.02 billion expected by analysts surveyed by Refinitiv.

Boeing has been facing challenges related to the pandemic’s impact on travel and the extended grounding of its 737 Max aircraft (following two fatal crashes killed 346 people).

Penn National Gaming  shares got a buy rating from a Needham analyst who initiated coverage of the online gambling company on Tuesday.

Analyst Bernie McTernanat set a $151 price target on the shares.The analyst said that the risk-reward balance was compelling. 

Needham views the North America gambling market as an emerging $35 billion opportunity.

 

The delivery company’s adjusted net income came in at $5.47 a share, vs. an adjusted loss of -$2.87 a share in the year-ago quarter.Analysts polled by FactSet had expected earnings of $1.72 a share.

Revenue surged +27% from the year-ago period to $22.9 billion, also beating analysts’ expectation of $20.49 billion.

The company’s revenue in its U.S. domestic unit rose 22.3%, led by growth from small- and medium-sized businesses.

UPS has been benefitting from increased online deliveries as consumers staying at home during the pandemic order various items on digital platforms.

On Monday, e-commerce company Etsy's stock dropped premarket Monday after a KeyBanc analyst downgraded it to sector weight from overweight. 

Analyst Edward Yruma cited valuation and a lower near-term likelihood of positive earnings revisions as factors behind the revised outlook.

According to Yruma, Etsy has outperformed the broader market substantially  since KeyBanc first set an outperform rating on the company in October 2017.But at present, the analyst views the stock's valuation as "fair" and the current consensus analyst expectations "reasonable.

On Monday, Apple announced plans to invest more than $430 billion in the U.S. and create more than 20,000 new jobs over the next five years.“We’re creating jobs in cutting-edge fields - from 5G to silicon engineering to artificial intelligence - investing in the next generation of innovative new businesses, and in all our work, building toward a greener and more equitable future.”

The deal will value the cybersecurity company at $12.3 billion.

Proofpoint shareholders will receive $176 in cash for each outstanding share, a 33.55% premium to its Friday closing price.

The  deal also includes a 45-day 'Go Shop" period that will expire on June 9.

“Proofpoint has established itself as a true powerhouse in the cybersecurity sector due to its innovative suite of market-leading products and impressive customer base of leading companies around the world,” said Thomas Brova partner Chip Virnig.“As the sophistication of cyberattacks continues to increase, Proofpoint is delivering the most effective solutions to help organizations protect their data and people across digital platforms.

According to the Committee, the benefits outweighed the risks of a rare blood-clot condition.

But the Committee voted 10 to 4 with one abstention to advise the U.S. Food and Drug Administration (FDA) and the CDC to resume use of the vaccine without any conditions.

The J&J vaccine use was put on hold last week, following reports of rare blood-clot conditions in six people, including one fatality.Dr. Anthony Fauci, President Joe Biden’s chief medical adviser, had expected that the U.S. use of the vaccine would resume as soon as Friday, perhaps with new restrictions.

However, the FDA is expected to include label warning on the J&J vaccine to women under the age of 50.

Personal care company Kimberly-Clark  reported a -12% drop in first-quarter earnings and a -5% decrease in revenue.

For the three months ended March 31, Kimberly-Clark’s  earnings came in at $1.72 a share, down from  the year-ago quarter’s $1.92 a share.

Revenue fell -5% year-over-year to $4.74 billion.

"First-quarter comparisons were impacted by COVID-19 related stock up in the year-ago period, consumer tissue category softness and commodity inflation.We also experienced temporary supply chain disruptions related to severe weather conditions in the southern part of the United States," Chairman and Chief Executive Mike Hsu  said.

For 2021, the company lowered its adjusted earnings per share projection to a range of $7.30 to $7.55, from $7.75 to $8.

Intel Corp.  reported first quarter earnings that surpassed analysts’ expectations.However, the semiconductor & tech behemoth indicated that investments in new manufacturing foundries would likely affect near-term profit margins.

Intel’s earnings came in at $1.39 per share , beating the $1.15 per share expected by analysts.

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