Key TakeawaysShares of electronic design automation firm Cadence Design Systems led the S&P 500 Tuesday following a strong earnings report.The company cited demand for AI-related products, with revenue from its Cadence.AI portfolio tripling year-over-year.Cadence sales skyrocketed in its intellectual property and system design and analysis businesses. Shares of Cadence Design Systems (CDNS) shares climbed more than 12% on Tuesday to notch the top daily performance of any S&P 500 stock after the electronic d ...

Key Takeaways Chipotle said full-year same-store sales could come in below analysts' expectations of 7.5%. The fast-casual chain anticipates same-store sales increases in the mid-to- high-single digit range. Share prices fell in after-hours trading. Chipotle Mexican Grill (CMG) shares fell in late trading after the company indicated that same-store sales growth may be lower than anticipated. Chipotle late Tuesday said it expects to see same-store sales increase in the mid- to high-single digit range for 202 ...

Advanced Micro Devices (AMD) reported third-quarter earnings that missed expectations, sending shares lower after the closing bell Tuesday. The chipmaker's third-quarter revenue grew 18% year-over-year to $6.82 billion, ahead of the Visible Alpha analyst consensus. Net income at $771 million or 47 cents per share was up from $299 million or 18 cents per share a year earlier, but below Street estimates as costs rose. AMD's Outlook Disappoints Despite Record Data Center Revenue AMD's revenue gains came as dat ...

Key Takeaways The S&P 500 added 0.2% on Tuesday, Oct. 29, as tech and communication stocks outperformed ahead of quarterly updates from some big names. Shares of Cadence Design Systems surged after the electronic design automation provider topped estimates, citing strong revenue from its AI portfolio. Stanley Black & Decker shares plunged as soft consumer and automotive demand weighed on the toolmaker's results. Major U.S. equities indexes were mixed on Tuesday. The technology and communication sectors outp ...

Google parent Alphabet (GOOGL) reported third-quarter results that topped analysts' estimates, sending shares higher after the bell Tuesday. Alphabet’s third-quarter revenue climbed 15% year-over-year to $88.27 billion, above the analyst consensus from Visible Alpha. Net income came in at $26.3 billion or $2.12 per share, up from $19.69 billion or $1.55 per share a year earlier, beating Street estimates. Google Cloud delivered revenue of $11.4 billion, exceeding analysts' expectations and representing 35% ...

Key Takeaways Intel is set to report earnings after the market closes on Thursday. Analysts expect the chipmaker to swing to a loss and for Intel's revenue to decline year-over-year. Analysts expect revenue to decline 8% year-over-year to about $13 billion, along with a net loss of $955 million, or 23 cents a share, Intel's (INTC) third-quarter results are due after the closing bell on Thursday. Analysts aren't bullish on the struggling chipmaker, with Wall Street generally calling for a loss and expecting ...

Key Takeaways JPMorgan and Bank of America analysts lowered their price targets for Ford after the automaker's thirdquarter results. The company missed Wall Street's earnings estimates partly due to its "persistently high warranty expense, according to JPMorgan. The company's Ford Pro commercial division is a reason for optimism long term, BofA said. Ford (F) shares fell Tuesday, as analysts from JPMorgan and Bank of America cut their price targets after the automaker's underwhelming third-quarter results. ...

Fast-food chains lamented slow restaurant traffic in the first half of the year. It hasn't gone away, executives at McDonald’s (MCD) said today.  McDonald’s shares were recently a bit lower after the company said third-quarter same-store sales were lower than Wall Street expected. On a conference call with analysts, CEO Chris Kempczinski said that “traffic has remained pressured, reflecting industry-wide challenges.” “While we anticipated a challenging environment in 2024, our performance so far this year ...

Key TakeawaysPfizer beat third-quarter profit and sales forecasts and raised its guidance on strong sales of its COVID-19 treatment.However, shares declined as the results may have put a damper on possible changes to the company demanded by activist investor Starboard Value.CEO Albert Bourla expressed confidence in the way Pfizer is executing its strategy. Shares of Pfizer (PFE) fell Tuesday as a strong earnings report is seen as likely to limit activist investor Starboard Value from driving major changes a ...

Key TakeawaysPayPal Holdings missed third-quarter revenue estimates and gave soft guidance as it focuses on its "price-to-value" plan.Earnings per share came in just ahead of expectations.Payment volume, payment transactions, and active accounts increased. PayPal Holdings (PYPL) shares slumped Tuesday after the payment services provider missed third-quarter sales estimates and gave weak guidance as the company moves ahead with its "price-to-value" strategy. PayPal reported revenue rose 6% year-over-year to ...