Key TakeawaysSalesforce is set to report third-quarter earnings after the bell Tuesday, with Wall Street expecting revenue and profit gains year-over-year.Most analysts tracked by Visible Alpha have a "buy" or equivalent rating for the stock ahead of the results.The company could be well-positioned to benefit from growing demand for AI, analysts said. Salesforce (CRM) is set to report third-quarter earnings after the market closes on Tuesday, with analysts largely bullish on the cloud software company's sto ...

Key TakeawaysSymbotic, the Walmart-backed artificial intelligence (AI) warehouse technology company, warned Wednesday about accounting errors.Symbotic said it was delaying its annual report and revising its current-quarter outlook because of the accounting mistakes.Symbotic shares plunged after the news Wednesday, losing nearly 40% of their value in intraday trading. Shares of Symbotic (SYM) cratered Wednesday after the artificial intelligence (AI)-driven warehouse technology company announced it was delayi ...

Key TakeawaysAutodesk reported better-than-expected adjusted profit and sales, but shares fell as the design software maker announced a CFO change.Interim CFO Betsy Rafael will be replaced by Janesh Moorjani at the end of the fiscal year.Rafael moved into the post in May following an audit committee report about the company's accounting practices. Autodesk (ADSK) shares fell 6% Wednesday, a day after the design software maker's solid results were overshadowed by questions about the effect of a Chief Financi ...

Group 1 - The company's shares fell 8% in extended trading after the current-quarter outlook missed analysts' projections, despite better-than-expected fiscal fourth-quarter results [1][4] - Fourth-quarter revenue increased by 1.7% year-over-year to $14.1 billion, exceeding analyst consensus [1] - Net income for the fourth quarter was $900 million, or 93 cents per share, compared to $1 billion, or 97 cents per share, a year ago, and above estimates [1] Group 2 - The Personal Systems division, which includes PCs, generated revenue of $9.6 billion, a 2% increase [2] - The Printing division reported revenue of $4.5 billion, which is 1% higher than the previous year [2] Group 3 - For the current quarter, the company forecasted earnings per share (EPS) of 57 cents to 63 cents, below the analyst consensus of 72 cents [3] - The full-year EPS estimate of $3.06 to $3.36 exceeded expectations [3] Group 4 - The company announced a 5% increase in its quarterly dividend to approximately 29 cents per share [4] - Despite the drop in shares, they were up 30% for the year through Tuesday's close [4]

Key TakeawaysA Phase 2 study of Amgen's experimental weight-loss treatment didn't meet expectations of analysts.Concerns were also raised about the drug's side effects and the number of patients who dropped out of the trial.The news sent shares of Amgen sinking. Amgen (AMGN) shares tanked Tuesday after results from a test of the biotech's experimental weight-loss drug came in below expectations. The company reported a Phase 2 study of its injectable MariTide medicine showed an approximately 20% average wei ...

Key TakeawaysEli Lilly and Novo Nordisk shares rose Tuesday after the Biden administration proposed expanding coverage of the companies' weight-loss drugs in government-backed healthcare plans.The proposal recommended drugs like Ozempic and Mounjaro be covered under Medicare and Medicaid, making them more accessible to millions of new patients.The White House said the changes could also lower costs of the drugs. Eli Lilly (LLY) and Novo Nordisk (NVO) shares rose Tuesday after the Biden administration propos ...

Core Insights - Analog Devices exceeded profit and sales estimates due to increased demand for automotive chips [1] - The company reported adjusted EPS of $1.67, surpassing the expected $1.64, while revenue decreased by 10% year-over-year to $2.44 billion, which was still above estimates [1] - CFO Richard Puccio acknowledged ongoing macroeconomic uncertainty but noted a steady increase in orders, particularly in the automotive sector [2] Group 1 - Demand for semiconductors in the automotive sector significantly contributed to the company's performance [1] - The company experienced a historic revenue decline in fiscal 2024 due to unprecedented customer inventory challenges, but remains cautiously optimistic for fiscal 2025 [2] - For the first quarter of 2025, Analog Devices anticipates adjusted EPS of $1.53, slightly below forecasts, and predicts revenue of $2.35 billion, aligning with expectations [2] Group 2 - Shares of Analog Devices rose by 3% following the announcement of better-than-expected results, contributing to a 16% increase in value for the year [2]

Key TakeawaysTesla shares were little changed early Tuesday after falling 4% yesterday amid uncertainty over new California electric vehicle tax credits and bearish commentary from analysts at UBS. The stock's recent bullish price momentum may have temporarily hit the skids after the shares initially climbed to their highest level in more than two years on Monday before undergoing an intraday reversal to close near the day’s low.Investors should watch key support levels on Tesla's chart around $310 and $265 ...

Key TakeawaysIntel and the Biden administration have agreed to terms for the chipmaker to receive up to $7.86 billion in CHIPS Act funding.The funding will support the expansion or building of new facilities across Arizona, New Mexico, Ohio, and Oregon.Intel will receive less than the initially announced reward in March, which was up to $8.5 billion, because of other existing defense contracts. Intel (INTC) and the Biden administration have finalized terms to an agreement that will see the chipmaker receive ...

Core Points - Kohl's shares are experiencing a decline of 3.5% in premarket trading following the announcement of CEO Tom Kingsbury's resignation after less than two years in charge [2][5] - Kingsbury will step down on January 15 and will be succeeded by Ashley Buchanan, who previously served as CEO of The Michaels Companies [2][3] - Under Kingsbury's leadership, Kohl's has faced challenges with falling sales, resulting in a 36% drop in shares this year [5] Leadership Transition - Tom Kingsbury, who became interim CEO at the end of 2022, will remain in an advisory role until his retirement in May next year [3] - Ashley Buchanan is noted for improving profitability and cash flow at Michaels while enhancing operational efficiencies and e-commerce [5] - The board chair, Michael Bender, highlighted that the company is undergoing a transformation to improve its product portfolio and store experience [4]