Earnings Projections

Upstart stock drops after earnings, but CEO says he's 'confident' in value of AI lending

Upstart stock drops after earnings, but CEO says he’s ‘confident’ in value of AI lending

Upstart Holdings Inc. shares fell after the company delivered a lower-than-expected revenue forecast for the current quarter, but its chief executive expressed confidence in the performance and value of artificial-intelligence-driven lending. Since Upstart UPST, +9.02% offered preliminary second-quarter results a month ago that fell shy of expectations, the key issue headed into the company’s official …

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AMD stock slips as revenue forecast dips below Street consensus

AMD stock slips as revenue forecast dips below Street consensus

Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip maker’s revenue forecast fell below the Wall Street consensus after posting record sales, topping Street expectations and reporting a huge surge in data-center sales. AMD AMD, +2.59% reported second-quarter net income of $447 million, or 27 cents a share, compared with …

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Intel earnings slammed on Wall Street: 'Such a disconnect between the company's optimism and the current reality'

Intel earnings slammed on Wall Street: ‘Such a disconnect’ between company’s optimism and reality

Intel Corp. drew sharp criticism from analysts after the company reported results that were disappointing on many fronts, indicating a storm of macroeconomic, competitive, and execution challenges. The chip company fell far short of expectations on revenue, profit, and gross margins in its late-Thursday report, and executives issued a forecast for the current quarter that …

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Apple has been worried about iPhone supply, but that may swing to demand concerns

Apple has been worried about iPhone supply, but that may swing to demand concerns

Throughout the pandemic, Apple Inc.’s biggest challenge has been maintaining appropriate supply of its devices, but as the company heads toward a new iPhone launch, could the equation flip? Apple AAPL, -0.88% benefited from resilient demand in the first couple of years of the COVID-19 crisis, as governments pumped out stimulus funds and consumers looked …

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Microsoft earnings: It's the forecast that matters, so be patient

Microsoft earnings: It’s the forecast that matters, so be patient

The most important financial news Microsoft Corp. executives will provide Tuesday requires a bit of a wait. Microsoft MSFT, -0.59% is scheduled to report fiscal fourth-quarter financial results after the bell, wrapping up yet another record year for profit and revenue, with annual earnings expected to increase nearly 20% and sales expected to produce roughly …

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Dow climbs more than 300 points ahead of July 4 holiday, U.S. stocks end higher after a bruising first half of 2022

Dow climbs more than 300 points ahead of July 4 holiday, U.S. stocks end higher after a bruising first half of 2022

U.S. stocks closed higher Friday, shaking off earlier weakness that came after a disappointing gauge of manufacturing activity underlined fears that aggressive monetary tightening by the Federal Reserve could lead to a sharp slowdown. How did stocks trade? The Dow Jones Industrial Average DJIA rose 321.83 points, or 1%, to close at 31,097.26. The S&P …

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