All articles tagged with #earnings news
Nvidia's stock is in focus as Jefferies analyst Blayne Curtis raised the company's price target from $150 to $185 ahead of its upcoming earnings report, despite a 1% drop in premarket trading.
MicroStrategy reported Q1 Non-GAAP EPS of $30.59, beating estimates by $30.32, and revenue of $121.62M, beating estimates by $2.58M. The company's gross profit for Q1 2023 was $94.0 million, representing a 77.1% gross margin. MicroStrategy's cash and cash equivalents as of March 31, 2023, were $94.3 million, up from $43.8 million as of December 31, 2022.
Texas Instruments reported Q1 GAAP EPS of $1.85, beating estimates by $0.07, and revenue of $4.38B, beating estimates by $10M. Revenue decreased 6% sequentially and 11% YoY, except for the automotive sector. The company's Q2 outlook is for revenue in the range of $4.17B to $4.53B and EPS between $1.62 and $1.88. TI expects its 2023 effective tax rate to be about 13% to 14%.