Adobe reported 2nd Quarter earnings of $1.83 per share on revenue of $2.7 billion. The consensus earnings estimate was $1.78 per share on revenue of $2.7 billion. Revenue was up 25% year over year. The company said it expects third quarter non-GAAP earnings of approximately $1.95 per share on revenue of approximately $2.80 billion. The … Continue reading No Slow Down at Adobe
Airbus kicked off the 2019 International Paris Air show with the launch of a long-range, single-aisle airliner. They also announced an agreement to sell 100 planes to Air Lease Corporation, a U.S. plane lessor. Virgin Atlantic was also said to order 14 wide-body A330-900s. Airbus also unveiled details of its A321XLR, the next in the … Continue reading Paris Air Show
May wasn't a good month for China. Industrial output rose 5% from a year earlier but slower than the 5.4% in April. Also lower than the 5.5% forecast. "In the first five months, the investment in fixed assets (excluding rural households) was 21,755.5 billion yuan, a year on year growth of 5.6 percent, or 0.5 … Continue reading China Economic Weakness
Probably should have! Broadcom's predictions seem to be at odds with the rest of the semi industry. Most chip companies lowered full year guidance last quarter, Broadcom maintained their guidance. Then after other chip companies are predicting a 2nd half recovery, Broadcom today reduces their full year revenue guidance. Perhaps to be in line with … Continue reading Could You See Broadcom’s Miss Coming?
Credit: AP:Associated Press Two tankers were reportedly attacked this morning near the Strait of Hormuz. About 30% of the world's sea-borne crude oil passes through the Strait of Hormuz, which links the Gulf of Oman and the Persian Gulf. The Kokuka Courageous, operated by Singapore-based BSM Ship Management, said it had been attacked by two … Continue reading Crude Oil Jumps on Tanker Attacks
Beyond Meat meets a touch of rationality. JP Morgan downgraded the stock from Buy to Neutral today sending Beyond down about 20% after a nice rally yesterday. There's a possible big potential here once the company begins making the right partnerships, but there's also a decent amount of competition. And don't forget the last earnings, … Continue reading Beyond Downgraded
Nonfarm payroll increased by 75,000 in May (263,000 reported, actual revised 153,000)Unemployment steady at 3.6%Employment continued to trend up in professional and business services and in health care. Number of unemployed persons little changed at 5.9 million(5.8 million) **April numbers in parentheses Consensus estimate according to fxstreet.com was 185,000 increase, so far less than forecast. … Continue reading May Jobs Report
Vegetarian doesn't have to look like a yogurt bowl anymore... Beyond Meat reported a Quarter March 2019 ($0.14) per share on revenue of $40.2 million. The consensus estimate was a loss of ($0.14) per share on revenue of $38.7 million. The company said it expects 2019 revenue to exceed $210.0 million. The current consensus estimate … Continue reading Beyond Meat & Zoom
Apple's Tim Cook said "currently the Chinese have not targeted Apple at all. And I don't anticipate that happening, to be honest." "I'm hoping that doesn't happen. And I don't anticipate it happening. I know people think the iPhone is made in China," Cook said. "The iPhone is assembled in China. The truth is, the … Continue reading Apple Free of China?
Advanced Micro Devices announced a multi-year strategic partnership with Samsung to provide ultra low power, high performance mobile graphics IP based on AMD Radeon graphics technologies. Samsung is the number one cell phone maker in the world. AMD is already a leader in computer graphics and processors, and moving into consoles with the next PlayStation. … Continue reading AMD and Samsung Partner Up