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Intel, American Express, Disney, Broadcom & more

 

 

Intel (INTC) – Intel reported quarterly revenue of $1.52 per share, beating the consensus estimate of $1.25. The chipmaker’s income additionally exceeded Wall Street forecasts, helped by an enchancment in private laptop and knowledge middle demand. Intel additionally gave an upbeat current-quarter outlook, in addition to asserting a 5% dividend enhance.

Walt Disney (DIS) – The Shanghai Disney resort will shut till additional discover, as officers attempt to cease the unfold of the coronavirus. The closure comes throughout China’s seven-day Lunar New Year vacation, usually an especially busy time for the resort.

Ericsson (ERIC) – Ericsson posted a smaller-than-expected revenue for the fourth quarter, with the Swedish telecom tools maker hit by larger prices for 5G growth in addition to a weaker U.S. market.

Broadcom (AVGO) – Broadcom struck a deal to produce Apple (AAPL) with wi-fi elements for Apple merchandise by way of 2023, in a transaction value an estimated $15 billion. Apple presently accounts for about 20% of Broadcom’s annual income.

Skyworks Solutions (SWKS) – Skyworks shares are below strain following the information that competitor Broadcom signed an Apple provide deal. Skyworks reported better-than-expected quarterly revenue of $1.68 per share, Three cents a share above estimates. Revenue additionally got here in above forecasts.

Intuitive Surgical (ISRG) – Intuitive Surgical beat estimates by 10 cents a share, with adjusted quarterly earnings of $3.48 per share. The surgical devices maker’s income additionally got here in above Wall Street projections. Procedures carried out with the corporate’s Da Vinci robotic surgical units elevated by 19% through the quarter in comparison with a 12 months earlier.

E*Trade Financial (ETFC) – E*Trade earned an adjusted 84 cents per share for the fourth quarter, a penny a share above estimates. Revenue additionally got here in above consensus. The backside line quantity excludes eight cents a share of unfavorable impression from restructuring and particular costs. The on-line brokerage firm noticed a drop in web curiosity earnings and better non-interest bills but additionally reported report buyer buying and selling exercise.

Discover Financial (DFS) – Discover got here in a penny a share above estimates, with quarterly earnings of $2.25 per share. Revenue was basically consistent with forecasts. Evercore downgraded the bank card and monetary providers supplier to “underperform” from “in line” following the report, saying it sees strain on Discover’s backside line this 12 months from larger investments, elevated credit score prices, and fewer buybacks.

Generac (GNRC) – Oppenheimer upgraded the maker of energy turbines to “outperform” from “carry out,” primarily based on expectations of stable income progress. Oppenheimer factors to the emergence of the California marketplace for Generac, in addition to sustained energy in core demand fundamentals.

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