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Q4 2023 Earnings

All articles tagged with #q4 2023 earnings

finance1 year ago

"Bloom Energy (BE) Faces Stock Plunge and CFO Departure After Q4 Earnings Miss"

Bloom Energy Corporation (NYSE:BE) reported a Q4 2023 EPS of $0.07, missing expectations of $0.08, and discussed its financial performance, forward-looking statements, and innovative product offerings during its earnings call. The company achieved profitability in 2023 and aims to increase profitability in 2024, with a focus on data centers, AI data centers, and other energy-intensive industries. Bloom Energy also highlighted its innovative product offerings, international market expansion, and strong financial performance, including record revenue, improved margins, and a backlog of over $12 billion. The company's CFO, Greg Cameron, provided insights into the company's performance, targets for 2024, and his departure from Bloom Energy.

via Yahoo Finance|
#bloom-energy-corporation#energy-market#finance
businessfinance1 year ago

"Energy Transfer LP (ET) Reports Record Q4 Earnings and NGL Exports Surge"

Energy Transfer reported its Q4 2023 earnings, revealing a 5% increase in adjusted EBITDA to $13.7 billion for the full year 2023, a partnership record, and $3.6 billion in excess cash flow after distributions. The company also discussed its financial position, including credit rating upgrades and available liquidity, as well as its growth projects and 2024 guidance, expecting adjusted EBITDA between $14.5 billion and $14.8 billion. Additionally, Energy Transfer addressed its capital allocation priorities, emphasizing a disciplined approach to growth projects, distribution growth, and potential unit buybacks.

via The Motley Fool|
#businessfinance#capital-allocation#energy-transfer
businesstechnology2 years ago

"Intel's Q4 2023 Earnings Report Sparks Stock Drop"

Intel Corporation's Q4 2023 earnings call highlighted strong financial results, with revenue at the higher end of guidance and strong EPS upside. The company's CEO, Pat Gelsinger, emphasized progress on their IDM 2.0 transformation, including process leadership, capacity expansion, and AI integration across product segments. They also discussed advancements in process technology, foundry ecosystem, and AI products, positioning themselves to participate in the growing AI semiconductor market. Despite subseasonal Q1 guidance due to inventory corrections in Mobileye and PSG, Intel remains confident in driving progress and considerable growth throughout fiscal year '24.

via Seeking Alpha|
#ai-everywhere#businesstechnology#foundry-strategy
business2 years ago

Broadcom Inc. Shines in Q4 2023 Earnings Call, Despite Price Concerns and Mixed Quarter

Broadcom Inc. reported Q4 2023 earnings of $8.25 EPS, missing expectations of $10.95 EPS. The company's consolidated net revenue for the quarter was $9.3 billion, up 4% YoY. Semiconductor solutions revenue increased 3% YoY to $7.3 billion, while infrastructure software revenue grew 7% YoY to $2 billion. Broadcom expects its fiscal year 2024 consolidated revenue to be $50 billion, driven by the integration of VMware and growth in its semiconductor segment.

via Yahoo Finance|
#broadcom-inc#business#infrastructure-software