All articles tagged with #q1 results
Super Micro reported disappointing Q1 results with lower-than-expected sales and earnings but raised its full-year sales forecast to $36 billion. Meanwhile, AMD exceeded expectations in Q3 with strong sales and guidance, driven by demand for CPUs and strategic partnerships, despite shares dipping slightly after hours.
Wall Street analysts recommend buying Applied Digital stock (APLD) following its Q1 results, indicating positive outlooks for the company.
MongoDB's shares rose 13% after the company reported better-than-expected Q1 earnings, raised its guidance, and increased its share buyback program, indicating strong financial performance.
ChargePoint Holdings reported better-than-expected Q1 results with a loss of 17 cents per share, beating estimates by 5.56%, and sales of $107 million, surpassing expectations by 1.14%. Despite a 34% drop in networked charging systems revenue, subscription revenue increased by 27%. The company anticipates Q2 revenue between $108 million and $118 million and aims for positive non-GAAP Adjusted EBITDA by Q4 FY2025.
Goldman Sachs reported strong Q1 results, with analysts highlighting the company's core strengths in investment banking and capital markets. Analysts from Argus Research, JPMorgan, BMO Capital Markets, Keefe, Bruyette & Woods, and Oppenheimer provided positive ratings and raised price targets, citing strong operating leverage, higher-than-expected revenues, and improved earnings estimates for 2024 and 2025. Despite a slight decline in share price, Goldman Sachs' performance was lauded as near-perfect, showcasing its resilience and potential for increased market activity.
Ubisoft's Q1 results show a 9% decrease in net sales compared to the previous year, but the company exceeded its targets. Net bookings were down 8% overall, but Tom Clancy's Rainbow Six Siege performed well with strong net bookings and daily active users. The company also held beta tests for its upcoming free-to-play titles and saw a 64% increase in live viewership during its Ubisoft Forward Event. Ubisoft's board has proposed the nomination of Katherine Hays and Olfa Zorgati as independent directors. The company projects to earn €350 million in net bookings for Q2.
Advance Auto Parts reported disappointing Q1 results, with sales growth of 1.3% YoY and earnings of 72 cents per share, missing analyst estimates. The company also reduced its full-year guidance and decided to reduce its quarterly dividend. As a result, several analysts have downgraded the stock and slashed their price targets, with shares dropping 35% and losing 2.4% in pre-market trading.
Workday's stock is surging after the company reported better-than-expected Q1 earnings. The provider of enterprise HR and financial software beat estimates for the quarter ended April 30.
Snowflake's shares fell in after-hours trading as the company posted strong Q1 results but gave disappointing guidance for Q2 and lowered its forecast for the fiscal year ending in January 2024.
KeyBanc Capital Markets analyst John Vinh has raised the price target for Nvidia's stock from $320 to $375, maintaining an Overweight rating on the shares. Despite supply limitations and a modest miss for the Gaming business, Vinh believes Nvidia is the best-positioned semiconductor company this year, with dominating positioning in generative artificial intelligence and multiple new product cycles across both data center and gaming. The new price target is based on 31 times the company's long-term earnings power of $12. Nvidia is set to report Q1 results on Wednesday after the market close.
PayPal's Q1 results beat expectations, but the company's weak guidance caused its stock to slump 5.4%. The payments giant cautioned that its adjusted operating margin won’t grow as quickly as previously anticipated, even after spending on its platforms surged more than expected in the first quarter. PayPal's pandemic success has slowed down due to rising competition in the digital-payment space and a recent slowdown in e-commerce growth. Investors should keep an eye on PayPal-heavy ETFs like Grayscale Future of Finance ETF, Global X FinTech ETF, and ETFMG Prime Mobile Payments ETF.
Topgolf Callaway Brands Corp (NYSE:MODG) saw a 17% drop in its stock price after reporting Q1 results that beat expectations but disappointed investors due to lower-than-expected Q2 revenue guidance. While Topgolf revenue grew by 25.3%, golf equipment sales were down 5.2%. Management highlighted initiatives to boost growth in the second half of the year, but investors were not convinced.
Airbnb's Q1 2023 results beat estimates with revenue of $1.82B, marking the company's first GAAP profitable Q1 with $117M of net income. The company expects Q2 revenue to be in-line with estimates, with Y/Y growth in nights and experiences booked to be lower than revenue growth. Airbnb's board has approved a new share repurchase authorization of up to $2.5B of class A common stock. The company anticipates a FY 2023 adj. EBITDA margin that is broadly in-line with FY 2022.
Plug Power, a leading provider of turnkey hydrogen solutions, will announce its Q1 2023 results on May 9, 2023. The company is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell turnkey solutions, powering electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while providing efficiency gains and meeting sustainability goals.
Coinbase's Q1 2023 results beat expectations, with a net loss of $79 million, down from $557 million in Q4 2022, and a 22% increase in revenue to $736 million. Transaction revenue from its institutional base increased 66% to over $22.3 million, while transaction revenue from retail investors increased 14.1% to $352.1 million. Interest income and blockchain rewards from staking brought in the most revenue for the quarter. Coinbase is inching closer to profitability and is working towards being more financially disciplined.