American Airlines Group Inc said on Tuesday its fourth-quarter revenue fall would be narrower than it previously expected, sending the No. 1 U.S. carrier’s shares up about 2 percent. The company said it now expects revenue for the quarter to be down about 17 percent versus pre-pandemic levels, compared with its prior forecast of an…
How Much Revenue Could Pfizer’s Oral COVID-19 Pill Fetch?
Pfizer Inc. announced Wednesday its oral COVID-19 antiviral pill, Paxlovid, has been authorized for use by the U.S. Food and Drug Administration. Pfizer Analysts SVB Leerink analyst Geoffrey Porges has a Market Perform rating and a $52 price target for Pfizer. BofA Securities analyst Geoff Meacham maintained a Neutral rating and a $59 price target. Broad Label, Increased…
Paychex Tops Q2 Consensus; Raises FY22 Outlook
Paychex Inc. reported second-quarter FY22 revenue growth of 13 percent year-on-year to $1.11 billion, beating the consensus of $1.06 billion. Total service revenue grew 13 percent Y/Y to $1.09 billion. Management Solutions revenue grew 14 percent Y/Y to $832 million. PEO and Insurance Solutions’ revenue rose 11 percent Y/Y to $262.4 million. The operating margin expanded…
FactSet Q1 Earnings Top Consensus; Reaffirms FY22 Outlook
FactSet Research Systems Inc reported first-quarter FY22 revenue growth of 9.4 percent year-on-year to $424.7 million, beating the consensus of $419.1 million. Higher sales of analytics and research and advisory solutions drove the growth. Organic revenues grew 9.1 percent Y/Y to $423.2 million. Annual Subscription Value (ASV) plus professional services were $1.7 billion on November 30, 2021, compared…
AMD versus Nvidia: Which Chipmaker Is Poised to End 2021 With Better Returns?
Advanced Micro Devices, Inc. and Nvidia Corporation are among the best performing large-cap tech stocks thus far this year. Laser-like focus on their product roadmap and execution has been the recipe behind the rewards the companies are reaping. Nvidia Versus AMD: How Year-to-date Performance Stacks Up Nvidia has had a stellar run this year, thanks…
How Businesses Are Generating Recurring Revenue Streams
While in its simplest form, the concept of manufacturing may convey the thought of creating and selling a product, today’s connectivity has led to further opportunities. For manufacturers, that includes windows opening to new revenue streams. The trend encompasses changing preferences among consumers as well, including benefits that come from services such as subscriptions and…
Citi Sees 12.4 Percent Upside in This Semiconductor Company
Citi analyst Atif Malik raised the price target on Applied Materials Inc. to $175 from $160, implying 12.4 percent upside, and reiterated a Buy. The analyst updated his model to reflect the company’s balanced end-market mix and benefits from 3D devices. Applied Materials reported Q4 FY21 revenue of $6.12 billion, missing the consensus of $6.34…
Why Are Cars.com Shares Trading Higher Today?
Cars.com Inc. will replace DSP Group Inc. in the S&P SmallCap 600 before the opening of trading on Dec. 2. S&P MidCap 400 constituent Synaptics Inc. is acquiring DSP Group in a deal likely to be completed by December 2. Cars.com is an online destination for buying and selling new and used vehicles. Recently, Cars.com…
How SemiLEDs Fared in Q4?
SemiLEDs Corp. reported fourth-quarter FY21 revenue of $1.4 million, flat quarter-on-quarter. Margins The gross margin contracted 3,500 basis points to 11 percent Q/Q as costs surged 57.5 percent Q/Q. The operating margin was negative (135) percent versus negative (41) percent previous quarter. It held $4.8 million in cash and equivalents. EPS loss was $(0.42). SemiLEDs…
Credit Suisse Bumps up Matterport Price Target by 36 percent, Thanks to Apple
Credit Suisse analyst John Walsh raised the price target on Matterport Inc to $34 from $25, implying a 25 percent upside, and kept an Outperform rating on the shares. The analyst is removing his previous split multiple valuations for Matterport as he expects 86 percent of revenue to be Annual Recurring Revenue (ARR) in 2025….
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