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Skyworks

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finance2 years ago•2 min saved

Debt concerns and inflation data drive Wall Street down.

U.S. stock indexes closed lower as investors grew more cautious ahead of a U.S. consumer price index report and a meeting between U.S. political leaders to discuss the debt ceiling. Disappointing forecasts from companies such as PayPal and Apple supplier Skyworks also weighed on the mood. Talks over the U.S. debt ceiling are adding to caution in the market as traders were also waiting for an update on plans for the debt ceiling from a meeting between U.S. President Joe Biden, Republican House Speaker Kevin McCarthy and other congressional leaders at the White House.

via Reuters|

#debt-talks #finance #inflation-data

business2 years ago•3 min saved

Palantir's Profit Surprise Sends Stock Soaring.

Palantir's Q1 results beat analyst estimates and the company issued guidance for full-year profitability, causing its shares to rise nearly 20%. However, 3D Systems dropped 9.8% after posting disappointing Q1 results and cutting 6% of its workforce. Skyworks Solutions shed more than 9% after issuing weaker-than-expected fiscal Q3 guidance. Under Armour's shares fell nearly 5% despite beating Q4 expectations, as its full-year outlook for revenue and earnings per share fell short of expectations. PayPal's shares fell more than 5% due to weak current-quarter earnings guidance, while McKesson rose 4.6% after posting better-than-expected quarterly results.

via CNBC|

#business #mckesson #palantir

business2 years ago•1 min saved

Palantir's Strong Earnings Propel Stock to New Heights.

Lucid's stock fell 8% after reporting growing losses and missing revenue expectations, but said it has enough cash to continue operating into next year. Palantir's stock soared 22% after beating analysts' expectations for Q1 and issuing upbeat guidance. PayPal's shares slid about 5.5% after issuing weak current-quarter expectations for earnings per share, despite beating expectations on top and bottom lines for Q1. Skyworks' stock fell nearly 9% after guiding Q3 earnings and revenue to come in below Wall Street expectations, despite posting Q2 earnings in line with analysts' expectations.

via CNBC|

#business #lucid #palantir