Earnings

Expecting the S&P 500 Index to build on Monday‚Äôs 0.8% advance through the rest of this quarter may be wishful thinking, based on history. The index had its worst performance in the third quarter between 1980 and 2018. Gains in the third quarter averaged 0.3%, far below the comparable figures of 2.6% for the first … Continue reading Earnings

Could You See Broadcom’s Miss Coming?

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?

Cisco Beats

Cisco Systems reported 3rd Quarter April 2019 earnings of $0.78 per share on revenue of $13.0 billion. The consensus earnings estimate was $0.77 per share on revenue of $12.9 billion. Revenue grew 4.0% on a year-over-year basis. Cisco expects fourth quarter earnings of $0.80 to $0.82 per share on revenue of $13.42 billion to $13.68 … Continue reading Cisco Beats