Cisco Stock Tumbles on Weak Earnings Outlook

Text size Barclays analyst Tim Long says order growth at Cisco is likely to slow down. Josep Lago / AFP via Getty Images Dealing another serious blow to the technology sector, Cisco Systems posted disappointing results late Wednesday, and provided weaker-than-expected forward guidance. The networking hardware provider’s stock is trading sharply lower in after-hours trading. … Read more

Tesla’s Earnings Crushed Expectations, Setting More Records. The Stock Is Up. – Barron’s

Tesla’s Earnings Crushed Expectations, Setting More Records. The Stock Is Up.Barron’s Tesla Q1 2022 Financial Results and Q&A WebcastTesla Tesla revenues grow 81% from last yearCNBC Tesla earnings: What to expectYahoo Finance Tesla (TSLA) releases Q1 2022 results: beat both revenue and profit expectations in record quarterElectrek.co View Full Coverage on Google News

Tesla’s Earnings Crushed Expectations, Setting More Records. The Stock Is Up.

Tesla’s profit was far higher than expected. Mario Tama / Getty Images Text size Tesla ‘s first quarter numbers, disclosed Wednesday afternoon, look surprisingly great. The company, essentially, beat inflation by substituting materials and relentlessly focusing on manufacturing. Shares are higher, recouping some losses seen earlier in the day. The company (ticker: TSLA) earned a … Read more

Wells Fargo Beats Profit Estimates but Misses on Revenue. The Stock Falls.

Text size Wells Fargo logo Dreamstime Wells Fargo stock was falling Thursday after the bank reported mixed first-quarter earnings. Wells Fargo (ticker: WF C ) reported an adjusted profit of 88 cents a share, beating forecasts for 81 cents a share, on revenue of $ 17.6 billion, below expectations for $ 17.8 billion. Wells Fargo … Read more

GameStop Sales Are Better Than Expected. The Stock Is Still Down.

Text size Wall Street analysts expected GameStop to report fourth-quarter sales of $ 2.16 billion Michael M. Santiago / Getty Images GameStop on Thursday reported a surprise loss for its fiscal fourth quarter. Shares dropped in late trading, even though net sales came in better-than-expectations. GameStop (ticker: GME) reported an adjusted net loss of $ … Read more

Rivian Stock Is Plunging. The EV Maker Came Up Short Everywhere.

Text size Rivian vehicles Courtesy of Rivian Electric truck start-up Rivian Automotive reported fourth-quarter results Thursday afternoon. Sales and the bottom line missed Street expectations. That’s not as big a deal as guidance, which looks light, too. Rivian (ticker: RIVN) stock was tumbling in after-hours trading. Rivian reported a loss of $ 4.83 a share … Read more

Rivian Stock Is Plunging. The EV Maker Came Up Short Everywhere.

Text size Rivian vehicles Courtesy of Rivian Electric truck start-up Rivian Automotive reported fourth-quarter results Thursday afternoon. Sales and the bottom line missed Street expectations. That’s not as big a deal as guidance, which looks light, too. Rivian (ticker: RIVN) stock was tumbling in after-hours trading. Rivian reported a loss of $ 4.83 a share … Read more

Asana Stock Tumbles. The Company Is Warning of Larger Losses.

Text size Asana reported better-than-expected fiscal fourth quarter results on Wednesday. Courtesy Asana Shares of Asana are trading sharply lower in late trading Wednesday despite better-than-expected results for the company’s fourth-quarter. That earnings news was overshadowed by Asana’s plans to step up its rate of investment in the business, and its forecast for a higher-than-expected … Read more

Snowflake Stock Is Tumbling. Disappointing Guidance Missed Estimates.

Text size Shares of cloud-based data-software firm Snowflake are falling in late trading. Dreamstime Snowflake stock is sharply lower in late trading Wednesday after the cloud-based data-software company posted disappointing fiscal 2023 guidance that overshadowed strong results for the fiscal fourth quarter ended Jan. 31. One of the most expensive cloud-software stocks by almost any … Read more

Plug Power’s Outlook Remains Strong, Boosting the Stock Despite Mixed Earnings

Text size Plug Power said it is on track to achieve its goal of $ 3 billion in revenue in 2025. Dreamstime Shares of Plug Power were rising in late trading as investors expressed cautious optimism over the hydrogen fuel-cell company’s financial forecasts for 2022, even as fourth-quarter losses were wider than expected. Plug (ticker: … Read more