#earningreport

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    Cisco Reports Strong Earnings Amid Workforce Cuts and Revenue Decline

    Overview: Cisco Systems Inc. has reported earnings that surpassed analysts’ expectations, despite a challenging environment marked by declining revenue and significant workforce reductions. The networking giant is navigating a period of transformation as it seeks to diversify its business and...
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    Palantir Reports Revenue Growth of 27% Year-Over-Year and Raises Full Year Revenue Guidance

    Palantir Technologies Inc. (NYSE) today announced financial results for the second quarter ended June 30, 2024. Q2 2024 Highlights Revenue Growth: Revenue grew 27% year-over-year and 7% quarter-over-quarter to $678 million. US Commercial Segment: US commercial revenue increased by 55%...
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    Snap Forecasts weak Revenue as big Rivals threaten growth, shares slide

    Snap Inc. forecast current-quarter results below expectations on Thursday, citing stiff competition from larger rivals such as Meta Platforms (parent of Facebook and Instagram) and ByteDance's TikTok. This has led to an 18% drop in its shares after-market. Jasmine Enberg, principal analyst at...
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    Apple Beats Q3 Expectations Despite Iphone Sales Decline

    Apple (AAPL) surpassed analysts expectations for the third quarter, reporting an EPS of $1.40 on revenue of $85.5 billion, compared to the anticipated $1.35 EPS and $84.4 billion revenue. However, iPhone sales declined year-over-year, totaling $39.2 billion, short of last year's $39.6 billion...
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    Intel (INTC) Reported Quarter Ended June 2024.

    Revenue: $12.83 billion, down 0.9% year-over-year, missing the Zacks Consensus Estimate of $12.92 billion by 0.70%. EPS: $0.02, compared to $0.13 in the same quarter last year, missing the consensus estimate of $0.10 by 80%. Key Metrics: Total Intel Products Group Revenue: $11.80 billion vs...
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    Qualcomm (QCOM) Reports Q3 Earnings

    Overview: For the quarter ended June 2024, Qualcomm (QCOM) reported revenue of $9.39 billion, an increase of 11.1% over the same period last year. EPS came in at $2.33, compared to $1.87 in the year-ago quarter. The revenue represents a surprise of +1.79% over the Zacks Consensus Estimate of...
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    META’S UPBEAT QUARTERLY REPORT BUYS TIME FOR AI, METAVERSE

    Meta’s Strong Q2 Performance Meta Platforms Inc. reported better-than-expected sales for the second quarter, achieving $39.1 billion compared to analysts’ estimates of $38.3 billion. This success, driven by effective AI-driven ad targeting, led to a 5% increase in Meta's shares during late...
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