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Q3 Earnings

All articles tagged with #q3 earnings

Intuit beats Q3 but TurboTax weakness drags shares as layoffs loom
business6 days ago

Intuit beats Q3 but TurboTax weakness drags shares as layoffs loom

Intuit posted a Q3 beat with revenue of $8.56 billion and adjusted earnings of $12.80 per share, led by strength in Global Business Solutions and Online Ecosystem, but the stock fell about 20% as investors priced in a weaker long‑term TurboTax outlook and a plan to cut 3,000 jobs (about 17% of the workforce) with $300–$340 million in restructuring charges. Management still raised full-year guidance, but flagged slower TurboTax growth ahead, with TurboTax Online units expected to decline ~2% and share of e-file tax returns to drop about a point, while TurboTax Live revenue is seen growing ~36% to $2.8 billion and paying users rising modestly.

via Yahoo Finance|
#business#guidance#intuit
Applied Digital slides on Q3 beat as investors eye hyperscaler leases
markets1 month ago

Applied Digital slides on Q3 beat as investors eye hyperscaler leases

Applied Digital fell about 8% after a Q3 beat, as investors weighed low-margin segment results and awaited major customer wins; analysts remain positive on execution and near-term lease potential with hyperscalers, with Needham maintaining a Buy rating and a $41 target, while potential Ready-for-Service dates and CRWV credit upgrades could improve the cost of capital.

via Seeking Alpha|
#applied-digital#hyperscalers#leases
Oklo Advances Amidst Q3 Losses and Market Attention
business6 months ago

Oklo Advances Amidst Q3 Losses and Market Attention

Oklo, a nuclear startup valued over $15 billion with no revenues yet, reported a larger-than-expected Q3 loss but announced significant progress on major projects, including a DOE-approved facility and a prototype reactor expected by July 2026. Its shares surged, driven by optimism about nuclear energy's role in powering data centers and government backing, making it a standout performer among nuclear stocks. Meanwhile, retail investors are shifting focus from meme stocks to gold, with increased trading activity in gold ETFs.

via Sherwood News|
#business#government-support#market-performance
Amazon's Stock Soars to New Highs Amid AI Buzz and Investor Optimism
business6 months ago

Amazon's Stock Soars to New Highs Amid AI Buzz and Investor Optimism

Amazon received a 'Perfect 10' Smart Score from TipRanks due to strong analyst support, hedge fund buying, positive news sentiment, and technical signals. The company's robust Q3 earnings, driven by AWS and a new $38 billion AI partnership with OpenAI, along with institutional interest and positive technical indicators, contribute to the optimistic outlook and a strong buy consensus among analysts, with potential upside of over 21%.

via TipRanks|
#ai-partnership#amazon#aws
Meta Faces Stock Decline Amid AI Spending and Leadership Praise
business6 months ago

Meta Faces Stock Decline Amid AI Spending and Leadership Praise

Meta's Q3 earnings were strong with revenue growth and high margins, but a stock sell-off was triggered by concerns over increased capital expenditures and AI-related investments. The author believes the dip presents a buying opportunity, citing the company's accelerating user growth, AI-driven engagement, and attractive valuation, asserting that Meta's long-term growth remains intact despite short-term market fears.

via TipRanks|
#ai-investments#business#long-term-growth
Lucid's Q3 Losses Widen Amid SUV Launch Challenges and Production Woes
business6 months ago

Lucid's Q3 Losses Widen Amid SUV Launch Challenges and Production Woes

Lucid Group missed Wall Street expectations for the second quarter, cutting its annual production guidance and facing supply chain issues with its Gravity SUV. Despite a 68% revenue increase year-over-year, the company reported a significant net loss and widened EBITDA loss, while securing additional funding from its largest shareholder. Its stock performance has lagged behind competitors like Rivian.

via CNBC|
#business#electric-vehicles#lucid
AMD Q3 Earnings Beat but Stock Declines Amid Mixed Investor Sentiment
business6 months ago

AMD Q3 Earnings Beat but Stock Declines Amid Mixed Investor Sentiment

AMD reported strong Q3 earnings with record revenue of $9.25 billion, driven by growth in data center, client, and gaming segments, and expects Q4 revenue of around $9.6 billion. Analyst Cowen anticipates positive developments at AMD's upcoming Analyst Day, including updates on AI market share and new products, leading to a bullish outlook with a raised price target of $290 and a Buy rating. Overall, AMD's prospects appear promising as it aims to compete with Nvidia and expand in AI and CPU markets.

via TipRanks|
#ai-market#amd#analyst-day