TSMC, the world's largest contract chipmaker, reported a Q4 revenue of T$1,046.08 billion ($33.05 billion), surpassing forecasts and increasing 20.45% year-over-year, driven by rising interest in AI applications.
Intuit's stock declined despite beating Q4 earnings estimates, driven by ongoing concerns or market reactions related to AI momentum, highlighting that strong earnings do not always lead to stock price increases.
Nike's stock has fallen to a 6-year low, dropping over 38% in the past year due to structural challenges like shifting consumer preferences towards niche brands, geopolitical tensions affecting China, and operational issues with its direct-to-consumer model. Despite recent disappointing quarterly results, the company is expected to report its fiscal Q4 earnings soon, and small improvements could positively influence investor sentiment. Currently, Nike is rated as a hold ahead of its earnings report.
Airbnb is set to report its Q4 2023 earnings, with expectations of revenue between $2.13 billion and $2.17 billion, indicating a 12-14% year-over-year growth. The company's earnings are anticipated to have been driven by solid momentum in Nights and Experiences booked, growing Average Daily Rate, international expansion, and active listings growth. However, intense competition in the online travel market and macroeconomic challenges may have posed concerns. Despite a negative Earnings ESP, Airbnb's earnings have surpassed estimates in the past, while companies like Shopify, Duolingo, and Akamai Technologies are also gearing up to report their quarterly results.