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    Nov 7, 2024
    • Arm Holdings PLC increased 2.2% to $147.53 after the fabless chip maker reported better-than-expected quarterly results. 

      Revenue in the fiscal second quarter ending in September increased 5% to $844 million from $806 million; net income swung to a profit of $107 million from a loss of $110 million, and diluted earnings per share were 10 cents compared to a loss of 11 cents a year ago. 

      The chipmaker estimated fiscal third quarter revenue to fall between $920 million and $970 million, and non-GAPP fully diluted earnings per share between 32 cents and 36 cents; and for the fiscal year 2025 revenue to range between $3.8 billion and $4.1 billion, and non-GAAP diluted earnings per share to range between $1.45 and $1.65.

       
      • ARM
      • Wolfspeed dropped 25% to $10.31 after the advanced chipmaker reported lower-than-expected revenue in its latest quarter, and the company's outlook fell short of market expectations. 

        Revenue in the fiscal first quarter ending in September decreased to $194.7 million from $197.4 million, net loss from continuing operations expanded to $282.2 million from $123.4 million, and diluted loss per share rose to $2.23 from 99 cents a year ago. 

        The company estimated sharply lower revenue in the fiscal second quarter as the organization transitions to more advanced production technology. 

        For its second quarter of fiscal 2025, Wolfspeed targets revenue from continuing operations in a range of $160 million to $200 million and GAAP net loss at $401 million to $362 million, or $3.14 to $2.84 per diluted share. 

        The company also won a federal grant of $750 million under CHIPS and Science and an additional $750 million from its lending group, increasing its access to $2.5 billion of capital.  
        • Nov 4, 2024
        • Marriott International declined 2% to $255.30 after the hotel chain operator reported its quarterly results.

          Revenue increased 6% to $6.3 billion from $5.9 billion, net income plunged 22% to $584 million from $752 million, and diluted earnings per share fell 18% to $2.02 from $2.51 a year ago. 

          The company added a net of 16,000 rooms in the quarter and indicated about 3,800 properties with 585,000 rooms were in the development stage around the world. 

          The company also confirmed it acquired 4.5 million shares of common stock for $1.0 billion in the third quarter. 
          • Berkshire Hathaway Inc. Class B declined 0.3% to $451.0 after the diversified conglomerate reported its quarterly results. 

            Total revenue in the third quarter declined to $92.99 billion from $93.21 billion, net earnings attributable to shareholders swung to a profit of $26.2 billion from a loss of $12.7 billion, and diluted earnings per Class B share were $12.18 from a loss of $5.88 a year earlier. 

            The company's operating earnings from fully-owned businesses declined 6% to $10.1 billion, reflecting a weakness in its underwriting business. 

            Investment in equity securities declined to $271.6 billion from $353.8 billion, and cash and equivalent rose to $325.2 billion from $276.9 billion a year ago. 
            • Nov 1, 2024
            • Amazon.com Inc. increased 7% to $199.22 after the online store and services provider reported higher earnings and revenue, driven by a 19% increase in sales for its cloud services. 

              Net sales in the third quarter increased 11% to $158.9 billion from $143.1 billion, net income advanced to $15.3 billion from $9.9 billion, and diluted earnings per share rose to $.43 from 94 cents a year ago. 

              North America segment sales increased 9% to $95.5 billion, international segment sales increased 12% to $35.9 billion, and AWS segment sales increased 19% to $27.5 billion, from a year ago, respectively.   

              The company estimated fourth quarter sales between $181.5 billion and $188.5 billion, an increase between 7% and 11% from a year ago. 

              Operating income is estimated to range between $16.0 billion and $20.0 billion, an increase from $13.2 billion a year ago.  
              • Exxon Mobil Corp. advanced 2.2% to $119.29 after the oil company reported better-than-expected revenue and earnings in the third quarter. 

                Revenue in the third quarter decreased to $90.01 billion from $90.76 billion, net income attributable to shareholders fell to $8.6 billion from $9.07 billion, and diluted earnings per share eased to $1.92 from $2.95 a year earlier.

                The company increased its fourth-quarter dividend to 99 cents per share from 95 cents, payable on December 10 to shareholders on record on November 14. 
                • Intel Corp. rose 7% to $23.01 after the advanced chipmaker reported loss in its latest quarter but lifted its annual outlook. 

                  Revenue in the third quarter declined 6% to $13.3 billion from $14.2 billion, net income swung to a loss of $16.6 billion from a profit of $0.3 billion, and diluted earnings per share were $3.88 compared to 7 cents a year ago. 

                  Net income in the quarter was impacted by the $6 billion charges linked to accelerated depreciation and goodwill impairment and $9.9 billion charges related to the establishment of a valuation allowance against U.S. deferred tax assets. 

                  The company estimated fourth-quarter earnings to range between $13.3 billion and $14.3 billion and GAAP earnings per share of a loss of 24 cents. 
                  • Carnival Corp. slipped 0.8% to $21.83 after the company reported record quarterly results, but weak outlook weighed on the market sentiment. 

                    Revenue in the quarter ending in August increased to $7.9 billion from $6.8 billion, net income rose to $1.7 billion from $1.1 billion, and diluted earnings per share rose to $1.26 from 79 cents a year ago. 

                    During the third quarter, booking volumes remained robust for 2025 sailings at higher prices, in constant currency, compared to the prior year, and cumulative advanced booked position for full year 2025 is above the previous 2024 record with higher prices. 

                    The company estimated fourth quarter net yields to increased 5% from the record level in 2023, and adjusted operating earnings to rise 20% to $1.14 billion. 
                    • Apple Inc. decreased 1.8% to $221.85 after the computing device maker reported sales and earnings that surpassed market expectations. Net income declined after the company paid a one-time charge linked to a tax levy imposed by the European Union's agency. 

                      Revenue in the fiscal fourth quarter ending in September increased 6% to $94.9 billion from $89.5 billion, net income fell to $14.7 billion from $22.95 billion, and diluted earnings per share dropped to 97 cents from $1.46 a year ago. 

                      Net sales in Americas increased to $41.7 billion from $40.1 billion, in Europe jumped to $24.9 billion from $22.4 billion, and in Greater China edged down to $15.03 billion from $15.08 billion, a year ago, respectively. 

                      iPhone sales surged to $46.2 billion from $43.8 billion, Mac sales rose to $7.6 billion from $7.6 billion, and services revenue increased to $24.9 billion from $22.3 billion a year ago, respectively. 
                      • Oct 31, 2024
                      • Visa Inc. increased 3.3% to $291.02 after the payment processor reported better-than-expected quarterly results. 

                        Net revenue in the fiscal fourth quarter ending in September increased 12% to $9.6 billion from $8.6 billion, net income advanced 14% to $5.3 billion from $4.7 billion, and diluted earnings per share rose 17% to $2.65 from $2.27 a year earlier. 

                        In the quarter, payment volume jumped 8%, processed transactions rose 10%, and cross-border volume advanced 13% from a year ago, respectively. 

                        The company declared a cash dividend of 59 cents per share payable on December 2 to all shareholders on record on November 12. 

                        During the quarter, the company repurchased 22 million of its Class A common stocks for an average price of $270.85, or $5.8 billion.