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Copy & Paste from the web!
Enphase reported earnings per share of $1.02, missing the $1.03 estimate. The company posted revenue of $551.1 million, Which fell short of the $566.02 million estimate.
Enphase cited high inventory at its distribution partners and softening in demand in the Netherlands, France, and Germany, its key markets.
The company anticipates...
Copy & Paste from IBD:
A slew of analysts lowered TSLA price targets after Q3 earnings as questions swirled around the company's near-term strategy and whether a growth stock works if its EPS is not jumping in 2024. Tesla stock has surged in 2023 as investors bet that the EV maker's growth story was intact, despite near-term growth woes.
Bank of America,...
Unity CEO John Riccitiello is retiring from gaming software company after controversial pricing change. In September, Unity announced a controversial pricing change that upset developers who rely on the company’s technology to create video games.
James Whitehurst, former CEO of Red Hat, will become Unity’s interim CEO.
Based on 24 Wall Street analysts offering 12 month price targets for Enphase Energy in the last 3 months. The average price target is $180.82 with a high forecast of $262.00 and a low forecast of $114.00. The average price target represents a 43.79% change from the last price of $125.75.
MDT has increased its dividend for 46 consecutive years. Easing supply-chain issues, new product launches, and higher demand for medical procedures have been supporting Medtronic’s performance.
In addition, the company is focusing on digital technology adoption and cost-saving measures, with a target of achieving $1 billion in savings by 2025.
Copy & Paste from the Verge:
Unity has changed its pricing model, and game developers are pissed off:
The news was met with fear, anger, and disgust from the game development community. The primary complaint is that these changes would be particularly harmful to solo, indie, marginalized, and mobile developers.
Developers are also concerned these new fees could...
09/20 - NASDAQ:ENVX announced the acquisition of privately-held Routejade, an established Korean battery manufacturer for a total consideration of approximately 6.2 million shares of Enovix common stock and $16.5 million in cash assuming purchase of 100% of Routejade. The acquisition provides Enovix with vertical integration of electrode coating and battery pack...
Copy and Paste from Reuters
Direxion is rolling out two new exchange-traded funds (ETFs) tied to the price movement in shares of Nvidia Corp, the financial products provider said on Wednesday, seeking to capitalize on excitement over developments in artificial intelligence that helped boost stocks this year.
The Direxion Daily NVDA Bull 1.5x Shares ETF (NVDU)...
Based on 12 Wall Street analysts offering 12 month price targets for Bristol-Myers Squibb in the last 3 months. The average price target is $70.91 with a high forecast of $85.00 and a low forecast of $56.00.
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GitLab posted adjusted earnings of 1 cent per share on $140 million in revenue. Meanwhile, analysts polled by LSEG anticipated a loss of 3 cents per share and revenue of $130 million. The company’s current-quarter revenue outlook was also better than analysts’ forecast.
copy & paste from WSJ
"Apple dominates the high-end smartphone market in the country and counts China as one of its biggest markets, relying on it for about 19% of its overall revenue.
Beijing has for years restricted government officials at some agencies from using iPhones for work, but the order has now been widened.
China’s restriction mirrors similar bans...
Boeing is preparing to restart delivery of 737 Max jets to China for the first time in four years.
The deliveries are expected to start within weeks, according to a Bloomberg report on Friday, which cited people familiar. China Southern Airlines Co. is exptected to take the first 737 Max from the aircraft maker.
China grounded all Boeing 737 Max jets in the...
Established in 2017, VinFast entered the U.S. market this year as part of a push to expand sales beyond its home country of Vietnam. The auto manufacturer is controlled by the Vingroup; Vietnam’s largest conglomerate, and began trading on the Nasdaq Tuesday after a reverse-merger deal with special-purpose acquisition company Black Spade.
VinFast remains a...
Copy & Paste from WSJ:
For the June-ended quarter, Roblox said revenue rose 15% to $680.8 million for the quarter while total costs rose 30% to $994.8 million. Daily users, hours of engagement and other key metrics were up from a year ago but net bookings and adjusted profit came in below Wall Street analysts’ expectations.
The results disappointed investors,...
Based on 16 Wall Street analysts offering 12 month price targets for Bank of America in the last 3 months. The average price target is $34.73 with a high forecast of $49.00 and a low forecast of $28.00. The average price target represents a 21.86% change from the last price of $28.50.
Copy & Paste from IBD:
Datadog earnings for the second quarter were 36 cents per share on an adjusted basis, up 50% from a year earlier. The enterprise software maker's revenue jumped 25% to $509 million.
Meanwhile, analysts expected Datadog to report profit of 28 cents a share on revenue of $501.6 million. A year earlier, Datadog earned 24 cents on revenue of...