All articles tagged with #earnings call
Tesla's stock fell nearly 4% after Elon Musk used the company's earnings call to strongly defend his controversial $1 trillion pay package, criticizing proxy advisory firms and emphasizing shareholder influence, amid a challenging quarter with declining profits and rising costs.
Elon Musk used Tesla's earnings call to strongly advocate for his $1 trillion pay plan, criticizing shareholder advisory firms that oppose it, amid disappointing quarterly results and rising costs for Tesla. Shareholders will vote on the proposal at the November 6 meeting.
Alibaba's Q1 earnings missed estimates but shares surged 13% after a positive analyst call, with a focus on future growth in AI, quick commerce, and cloud services. Despite a lackluster quarter, analysts see a strategic shift and expect the stock to rise, supported by strong buy ratings and an increased price target of $160.
Wall Street anticipates Apple’s upcoming earnings call will discuss topics like China, tariffs, and the series 'Severance,' amid concerns over manufacturing costs and market share, with analysts predicting modest growth in earnings and revenue.
Dell Technologies Inc held its Q3 2025 earnings call, led by Paul Frantz, VP of Investor Relations, with key executives including COO Jeffrey Clarke and CFO Yvonne McGill. The call covered financial results, guidance, and non-GAAP financial measures, with a focus on year-over-year growth. Forward-looking statements were made, with a disclaimer on potential risks and uncertainties affecting actual outcomes.
Costco's new CFO, Gary Millerchip, confirmed during his first earnings call that the price of the $1.50 hot dog and soda combo will remain unchanged, dispelling recent speculation. This price has been stable since the mid-1980s, despite previous comments from former CFO Richard Galanti suggesting a potential increase. The company has managed to maintain this price by manufacturing its own hot dogs and leveraging revenue from other business sectors. Costco reported a 9.1% increase in sales for Q3 2023, exceeding expectations.
Costco's new CFO Gary Millerchip reassured investors that the price of the popular $1.50 hot dog and soda combo will remain unchanged, continuing the company's long-standing tradition of offering budget-friendly deals.
Gary Millerchip, the new CFO of Costco, reassured investors that the $1.50 hot dog and soda combo will remain unchanged, dispelling recent speculation about a potential price hike. This announcement follows comments from former CFO Richard Galanti that had caused uncertainty. Costco's strategy of manufacturing its own hot dogs and leveraging revenue from other business sectors has helped maintain the low price. The company reported a 9.1% increase in sales for Q3 2024, exceeding expectations.
Dell Technologies reported better-than-expected fiscal first-quarter revenue and earnings, raising its full-year outlook and providing strong Q2 guidance. The company highlighted its Nvidia-based AI server backlog and opportunities in AI, despite challenges in margins. Dell's AI-optimized server orders surged, and the company emphasized its strategic partnerships with major tech firms. Despite the positive outlook, Dell shares fell 18.2% in extended trading.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) held its Q1 2024 earnings conference call, reporting a 5.3% decrease in first quarter revenue in NT dollars or 3.8% in U.S. dollars, attributed to smartphone seasonality but partially offset by continued HPC-related demand. The company's gross margin increased to 53.1%, and operating margin increased to 42%. Revenue by technology showed 3-nanometer process technology contributing 9% of wafer revenue, while 5-nanometer and 7-nanometer accounted for 37% and 19%, respectively. HPC accounted for 46% of first quarter revenue, while smartphone accounted for 38%.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) held its Q1 2024 earnings conference call, reporting a 5.3% sequential decrease in revenue impacted by smartphone seasonality but partially offset by continued HPC-related demand. The company expects strong demand for its 3-nanometer and 5-nanometer technologies in Q2 2024, projecting a 6% sequential revenue increase. TSMC's global manufacturing footprint expansion plans include building fabs in Arizona, Japan, and Germany. The company also discussed the impact of an earthquake on its operations and outlined its long-term gross margin and profitability strategies.
Taiwan Semiconductor Manufacturing (TSM) reported a 5.3% decrease in first-quarter revenue, impacted by smartphone seasonality but partially offset by continued high-performance computing (HPC) demand. The company expects strong demand for its 3-nanometer and 5-nanometer technologies in the second quarter, projecting a 6% sequential revenue increase. TSMC's CEO, C.C. Wei, discussed the impact of an earthquake on operations, highlighted the growing demand for AI-related processors, and provided updates on the company's global manufacturing footprint and the progress of its N2 technology.
Chewy, Inc. (NYSE:CHWY) beat earnings expectations for Q4 2023, reporting EPS of $0.11 compared to the expected $0.1. The company's net sales for the quarter increased by 4% to $2.83 billion, with full-year 2023 net sales reaching $11.15 billion, representing a 10% year-over-year growth. Chewy's CEO, Sumit Singh, highlighted the company's ability to deliver market share gaining growth, expand margins, and accelerate free cash flow generation. The company also discussed its strategic priorities, including the launch of Chewy Vet Care clinics and its outlook for the pet industry in 2024. Newly appointed CFO, David Reeder, expressed confidence in Chewy's long-term financial model and outlined the company's first quarter and full-year 2024 outlook, anticipating continued growth and profitability.
UiPath Inc. held its Q4 2024 earnings call, reporting a strong close to the fiscal year with record quarterly revenue of $405 million, up 31% year-over-year, and a total ARR of $1.46 billion, an increase of 22% year-over-year. The company also achieved its first quarter of GAAP profitability as a public company and plans to make strategic investments in technology and go-to-market resources to drive growth and profitability in fiscal year 2025. Key highlights include the company's cloud-first approach driving adoption, strong customer retention rates, and the expansion of its platform across various industries and regions.
Plug Power Inc's Q4 2023 earnings call highlighted achievements such as the launch of a Georgia plant, a joint venture with Olin in Louisiana, and securing a $1.6 billion term sheet from the Department of Energy. The company made strides in improving cash management and fostering growth, addressing going concern. Financially, they aim to unlock $75 million in savings through significant restructuring and are targeting a 70% reduction in cash burn from 2023, with a focus on improving margins and cash flow. Discussions with customers on new pricing have been progressing, and the company is also exploring opportunities in the AI-driven data center backup power market.