![]() ![]() For one thing, investors are understandably looking forward to what Tesla will be posting. Tesla ( NASDAQ: TSLA) is among the first electric vehicle (EV) names on deck this earnings season. Source: TD Ameritrade TOS Tesla Earnings On Tap After The Closing Bell: What To Know After considering all of this, investors may be keen on adding LOGI stock to their watchlists. According to Darrell, “ only about 10% or 11% of all rooms in the world are video-enabled so far.” Not to mention, all this is despite supply chain woes causing Logitech to lose “ several points of growth,” according to the CEO. CEO Bracken Darrell also highlights that Logitech is looking forward to accommodating untapped home-office markets. To point out, this is an increase from its previous estimate of mostly flat sales growth. On the heels of this notable performance, Logitech is now expecting its full-year sales for fiscal 2021 to increase by 2% to 5%. Following that, Logitech recorded a total revenue of $1.63 billion for the quarter, above estimates of $1.46 billion. For starters, the company saw earnings per share of $1.55, beating forecasts of $1.25. Similar to Microsoft, Logitech posted upbeat numbers in its fiscal third-quarter earnings yesterday. In brief, the Swiss tech firm specializes in making computer peripherals and software. Best Lithium Battery Stocks To Buy Now? 4 To Know Logitech Posts Better-Than-Expected Quarterly Figures CEO Bracken Darrell On Supply Chain PressuresĬontinuing our theme of tech-related earnings today would be Logitech ( NASDAQ: LOGI). With Microsoft seemingly kicking into high gear now, MSFT stock could be worth keeping an eye on. Should this be the case, it would exceed consensus estimates of $48.23 billion now. In turn, she says that Microsoft is expecting revenue in the range of $48.5 billion to $49.3 billion. To begin with, Hood notes that demand has and continues to remain strong across the company’s core businesses. It seems that Microsoft continues to deliver on the operational front amidst increasing demand for its cloud computing solutions.Ĭommenting on Microsoft’s outlook for the current quarter is CFO Amy Hood. According to CEO Satya Nadella, “ solid commercial execution, represented by strong bookings growth driven by long-term Azure commitments” is to thank for all this. The likes of which saw revenue surge by 46% year-over-year. Among the most notable of these sections would be the company’s Microsoft Azure cloud service. Overall, this includes its intelligent cloud, productivity & business processes, and personal computing divisions. Additionally, Microsoft also reported solid growth across its core services. This would mark solid year-over-year jumps of 29% in revenue and 21% in net income. To put things into perspective, this tops estimates of $50.9 billion and $2.31 respectively. ![]() ![]() Notably, Microsoft is currently looking at an earnings per share of $2.48 on revenue of $51.7 billion for the quarter. After yesterday’s market close, the consumer tech giant posted its fiscal second-quarter financials. Kicking off today’s earnings-filled news segment is Microsoft ( NASDAQ: MSFT). Microsoft Tops Earnings Estimates On Soaring Cloud Revenue ET, the Dow, S&P 500, and Nasdaq futures are trading higher by 0.92%, 1.25%, and 1.81% respectively. The goal here is to signal their willingness to fight inflation to the extent that they can.”Īll in all, there seems to be plenty of stock market news today to keep investors on their toes. That is, their “ goal here is not to shut the economy and to make things slow. Subsequently, Bailin explains, “ The Fed made a major reversal about five weeks ago when it said that it was both going to raise rates and also consider quantitative tightening, which effectively means that you and I are going to have to finance the debt that is necessary issued by the Treasury instead of the Fed.” Because of this, Bailin believes that the Fed will evaluate the current situation in markets and take the following approach. He says, “ If you think about what’s happened in the markets, it indicates the degree of sensitivity market participants have to what is going to be the new rate environment and the new liquidity environment.” Providing insight into how this is happening is David Bailin, Citi ( NYSE: C) chief investment officer. Arguably, speculation over the Fed’s potential policy decisions continue to weigh in on markets. More importantly, there is also the upcoming Federal Open Market Committee meeting taking center stage in the stock market today. Stock market futures are gaining as investors tune in to more earnings from big tech and growth names. Stock Market Futures On The Upswing Ahead Of Latest Fed Policy Decision
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