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    Nov 20, 2024
    • Keysight Technologies soared 10.5% to $168.0 after the test equipment company reported better-than-expected fiscal-fourth quarter results. 

      Revenue declined 1.8% to $1.29 billion, net income swung to a loss of $73 million compared to a profit of $226 million, and diluted earnings per share were a loss of 42 cents compared to $1.28 a year earlier. 

      The company forecast first fiscal quarter 2025 revenue in the range of $1.265 billion to $1.285 billion, and Non-GAAP earnings per share between $1.65 and $1.71.    
      • Dolby Laboratories soared 11.5% to $81.19 after the audio and imaging technology provider reported better-than-expected quarterly earnings in the fiscal fourth quarter ending in September. 

        Revenue increased to $304.8 million from $290.5 million, net income advanced to $58.6 million from $9.2 million, and diluted earnings per share rose to 61 cents from 9 cents a year earlier. 
        • Delta Air Lines decreased 0.01% to $64.76 after the company reiterated its fourth quarter earnings per share to range between $1.60 and $1.85, and the carrier estimated fiscal 2025 capacity to increase between 3% and 4%. 
          • Nov 19, 2024
          • Super Micro Computer soared 27% to $27.48 after the company appointed BDO as its new independent auditor following the resignation of its previous auditor, Ernst & Young. 

            The company also said it plans to file its annual report for the year ending on June 30 and its latest quarterly report ending on September 30. 
            • Lowe's Companies declined 2.2% to $266.0 after the home improvement retailer reported better-than-expected quarterly results, but the company's negative outlook dampened investor sentiment. 

              Net sales in the third quarter declined to $20.17 billion from $20.47 billion, and net income declined to $1.69 billion from $1.77 billion, and diluted earnings per share fell to $2.99 from $3.05 a year earlier. 

              During the quarter, the company repurchased approximately 2.9 million shares for $758 million, and it paid $654 million in dividends. 

              The company estimated total annual sales in the fiscal year 2024 to range between $83 billion and $83.5 billion, compared to its previous range between $82.7 billion and $83.2 billion. 

              Comparable same-store sales are estimated to decline between 3% and 3.5%, compared to the previous estimate of a decline between 3.5% and 4.0%. 
              • Walmart increased 3.7% to $87.16 after the retailer reported better-than-expected quarterly results and revised its annual outlook. 

                The retailer boosted its annual sales estimate to a new range between 4.8% and 5.1%, from the previous estimate between 3.75% and 4.75%. 

                Consolidated revenue in the third quarter increased 5.5% to $169.6 billion, net income advanced to $4.6 billion from $453 million, and net income rose to 57 cents from 6 cents a year ago. 

                The retailer said it repurchased 46 million shares for $3 billion in the year so far, as part of its $20 billion stock buyback plan. 

                The company said sales at its U.S. locations increased 5.5% to $114.9 billion, reflecting broad strength as more customers look for products beyond its grocery aisles. 

                E-commerce sales in the U.S. rose 22%, led by store-fulfilled pickup & delivery, advertising revenue, and marketplace activities. 
                • Nov 7, 2024
                • Lyft jumped 26% to $18.23 after the company reported its quarterly results and issued a stronger than-expected outlook. 

                  Revenue in the third quarter increased to $1.5 billion from $1.15 billion, net loss expanded to $12.5 billion from $12.1 billion, and diluted earnings per share were unchanged at 3 cents per share. 

                  Gross booking rose 16% to $4.1 billion from $3.55 billion, and active riders increased to 24.4 million from 22.4 million a year ago, respectively. 

                  The ride-hailing company is now forecasting fourth quarter bookings of $4.28 billion and $4.32 billion, an increase between 15% and 17% from a year ago. The company also estimated adjusted operating earnings between $100 and $105 million in the next quarter.

                  For the full-year 2024, the company estimated annual booking growth of 17% and annual number of rides growth in the mid-teens. 
                  • 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.