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    Feb 1, 2024
    • Align Technology soared 12.2% to $300.0 after the orthodontics company reported better-than-expected sales and earnings in its latest quarter.

      Revenue in the fourth quarter increased 6.1% to $956.7 million from $901.5 million, net income soared three-fold to $124.0 million from $41.8 million, and diluted earnings per share rose to $1.64 from 54 cents a year ago.

      The company guided first quarter revenue between $960 million and $980 million and estimated 2024 total revenues to be "up mid-single digits over 2023."
      • Wolfspeed declined 4.5% to $31.0 after the company's fiscal third-quarter revenue fell short of market expectations.

        Revenue in the fiscal second quarter ending in December increased to $208.4 million from $173.8 million; net loss expanded to $144.7 million from $90.9 million; and diluted loss per share rose to $1.15 from 73 cents a year ago.

        The company estimated fiscal third quarter revenue between $185 million and $215 million, net loss from continuing operations between $134 million and $155 million, and diluted loss per share between $1.07 and $1.23.
        • Honeywell International declined 2.6% to $197.01 after the company announced mixed quarterly results.

          Sales in the fiscal fourth quarter increased 3% to $9.4 billion from $9.2 billion, net income increased $1.3 billion from $1.0 billion, and diluted earnings per share rose to $1.91 from $1.51 a year ago.

          The aerospace and building technology company estimated 2024 revenue between $38.1 billion and $38.9 billion and free cash flow between $5.6 billion and $6.0 billion.
          • Jan 31, 2024
          • AMD dropped 6% to $161.65 after the maker of advanced semiconductors offered a weak revenue growth outlook, disappointing some investors.

            Revenue in the fourth quarter increased 10% to $6.2 billion from $5.6 billion, net income soared to $667 million from $21 million, and diluted earnings per share advanced to 41 cents from 1 cent a year ago.

            For the full year 2023, the company reported revenue of $22.7 billion, net income of $854 million, and diluted earnings per share of $0.53.

            For the first quarter of 2024, AMD expects revenue to be approximately $5.4 billion.

            AMD expects data center segment revenue to be flat, with a seasonal decline in server sales offset by a strong data center GPU ramp.

            Client, embedded, and gaming segment sales are expected to decline sequentially, with semi-custom revenue expected to decline by a significant double-digit percentage.

            The company added, non-GAAP gross margin is expected to be approximately 52%.
            • Jan 30, 2024
            • General Motors jumped 7.5% to $38.03 after the company reported better-than-expected quarterly earnings on flat sales in the fourth quarter.

              Sales in the quarter edged slightly lower to $42.98 billion from $43.11 billion, net income edged higher to $2.1 billion from $2.0 billion, and earnings per share rose to $1.59 from $1.39 a year ago.

              The company reiterated its commitment to electric vehicles and confirmed that adoption of the advanced vehicle has been slower than anticipated.

              Despite the near-term sales challenges, General Motors plans to build a production capacity of one million electric vehicles by 2025.
              • JetBlue Airways declined 1.1% to $5.44 after the company reported a loss in the latest quarter.

                Revenue in the fourth quarter decreased 3.7% to $2.3 billion, net income swung to a loss of $124 million from a profit of $24 million, and diluted earnings per share were $0.31 from 7 cents a year ago.
                • Sanmina Corp. soared 16.20% after the semiconductor equipment maker reported better-than-expected quarterly earnings and a current-quarter estimate.

                  Revenue in the fiscal first quarter ending in December decreased to $1.87 billion from $2.35 billion, net income plunged to $57 million from $92 million, and diluted earnings per share dropped to 98 cents from $1.54 a year ago.

                  The company guided fiscal second quarter revenue between $1.825 billion and $1.925 billion and diluted earnings per share between 95 cents and $1.05.
                  • Whirlpool declined 4.5% to $112.27 after the company estimated a weaker-than-expected annual outlook.

                    Revenue in the fourth quarter increased 3.4% to $5.1 billion, net income swung to $491 million from $1.6 billion, and diluted earnings per share were $8.90 compared to a loss of $29.35 a year ago.

                    The company estimated 2024 revenue of $16.9 billion and diluted earnings per share between $8.50 and $10.50.
                    • Jan 26, 2024
                    • Intel Corp. declined 10.5% to $44.36 after the advanced chipmaker reported weaker-than-expected quarterly results and issued a cautious outlook.

                      Revenue in the December quarter rose 10% to $15.4 billion from $14.0 billion, and the company swung to a net income of $2.7 billion from a loss of $664 million, and diluted earnings per share were 63 cents compared to a loss of 16 cents.

                      For the full year 2023, revenue increased 14% to $54.2 billion. $63.1 billion, net income plunged to $1.7 billion from $8.0 billion, and diluted earnings per share dropped to 40 cents from $1.94 a year ago.

                      The company guided first-quarter 2024 revenue to range between $12.2 billion and $13.2 billion, with a diluted loss per share of 25 cents and a gross margin of 40.7%.
                      • KLA Corp. fell 3.9% to $616.96 after the semiconductor equipment company reported better-than-expected quarterly results.

                        Revenue in the fiscal second quarter ending in December dropped to $2.48 billion from $2.98 billion, net income plunged to $583 million from $979 million, and diluted earnings per share fell to $4.28 from $6.89 a year ago.

                        The company estimated total revenues in the fiscal  third quarter in a range of $2.30 billion, and GAAP gross margin is expected to be around 59.4%. 

                        Diluted earnings per share is expected to be in a range of $4.93, and Non-GAAP diluted EPS is expected to be in a range of $5.26.