Articles by admin

COVID-19 has had ruinous consequences for many companies, but you’d be hard pressed to find any negative impact on perennial winner Advanced Micro Devices (AMD). The chip maker has swatted away the pandemic and has continued the market trouncing performance it set off on some half a decade ago.Heading into next week’s earnings (October 27, AMC), in possession of a year-to-date share gain of 78%, RBC analyst Mitch Steves pounds the table for more AMD upside.The 5-star analyst anticipates a “beat and raise” and, as such, lifts his price target from $84 to $92. This figure implies additional upside of …read more […]

eMarketer Forecasting Analyst Eric Haggstrom joins The Final Round panel to break down Netflix’s earnings, how the company is faring compared to it’s competition and if the streaming giant will raise its prices. …read more […]

Netflix shares fell after-hours on Tuesday following the release of its third-quarter results. Subscriber growth slowed for the quarter (adding just 2.2 million new members versus the 2.5 million the company had expected over the summer), although it told investors that “as the world hopefully recovers in 2021, [it] would expect that our growth will revert back to levels similar to pre-COVID.” Ines Ferre breaks down Netflix’s Q3 results on The Final Round. …read more […]

Jefferies raised the price target for Facebook to $320 from $310, claiming its digital ad will help beat street estimates. Jefferies Analyst Brent Thill joins The Final Round panel breaks down the details. …read more […]

Snap released its third quarter earnings report after hours on Tuesday, topping expectations on revenue and surprising investors with an adjusted profit. The company saw its daily active users near 250 million and a boost in digital ad spending. Yahoo Finance’s Ines Ferre breaks down the company’s earnings report on The Final Round. …read more […]

(Bloomberg) — Pioneer Natural Resources Co. agreed to buy Permian Basin peer Parsley Energy Inc. for $4.5 billion in stock, the latest in a flurry of mergers that’s quickly reshaping the beleaguered U.S. shale oil industry.Pioneer said Tuesday in a statement the transaction represents a 7.9% deal premium for Parsley holders based on closing prices from a day earlier, just before talks between the companies were first reported. The deal will lead to $325 million of cost cuts and add to earnings in its first year, the Irving, Texas-based company said.The sector is in full-on merger mode with more than …read more […]

TI, which supplies chips for everything from smart phones to automobiles, often reports quarterly results before its peers. The Dallas, Texas-based company said sales benefited from a notable rebound in automotive demand, as well as strong sales for chips used in personal electronics. TI shares were up 2% in extended trading. …read more […]

Netflix reported third-quarter earnings after market close on Tuesday. …read more […]

Revenue, which Snap earns mainly from selling ads on the app, jumped 52% to $679 million, widely beating analysts’ consensus estimate of $555.9 million. It opened an opportunity for Snap as companies reviewed their ad spending, and helped contribute to revenue growth, said Jeremi Gorman, Snap’s chief business officer, in prepared remarks for an earnings call with analysts. Snap said current-quarter revenue could grow between 47% to 50% over the year-ago period, but cautioned that it was unclear how the pandemic would affect year-end holiday advertising. …read more […]

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Netflix’s growth in the third quarter cooled considerably after its massive COVID-fueled bump in the first half of 2020. The company netted 2.2 million subscribers in the third quarter of 2020 — below Wall Street’s expectations and under the Netflix’s own previous forecast. The streaming giant also posted net earnings below analyst consensus estimates. Shares […] …read more […]

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Tesla is set to report its third-quarter earnings on Wednesday after the bell. Yahoo Finance’s Emily McCormick joins Akiko Fujita to discuss what investors should be expecting. …read more […]