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Super Micro shares drop on EPS miss and Skyworks shares move higher on EPS beat
CNBC Television· 2025-08-05 20:45
Well, Super Micro and Skywar's earnings are out. One's dropping, one's popping. Christina Parts Neville has the numbers.Christina. >> Yeah, let's start with Super Micro, the one dropping. This is an AI server assembler.Uh, for their earnings report, they came in at 5.76% billion. Uh, that was a miss with 41 cents adjusted for EPS earnings per share, a threecent miss compared to what the street was anticipated. They were hit by what analysts are saying, competition.Dell, HPE stealing some market share for th ...
Snap's Q2 revenue in line with expectations, but shares are moving slightly down
CNBC Television· 2025-08-05 20:45
Snap earnings are out. Julia Borson has the numbers. Hi, Julia.>> Hey, Morgan. Snap revenues basically in line with expectations at$ 1.34% billion dollars, but we see the stock is stock is plummeting now down about 15% this after the company reported a gap loss of 16 cents per share. That is not comparable to analyst expectations, but adjusted IBIDA of $41 million that shows a miss of the street account estimate of $53 million.The company's daily active users grew 2 million faster than anticipated to end at ...
Honeywell CEO Vimal Kapur on industrial AI: The promise is here
CNBC Television· 2025-08-05 20:45
So you and I have talked about the promise of industrial AI. We're coming off of blowout earnings from Palunteer today. Is the promise here. >> Promise is absolutely here.I mean for last uh you know I've been in this industry for more than three decades. One thing I hear now which I've never heard is customers are short of people and it sound uh you know they don't have skilled people to run their operations and they are looking for a substitute that what to do differently because you can't have more people ...
We're still in a global bull-market, but expect turbulence in August, says Carson's Ryan Detrick
CNBC Television· 2025-08-05 20:40
And it was another down day for the S&P 500 as investors digest weak economic data this morning. Our next guest sees volatility ahead, calling August one of the weakest months of the year, especially in post election periods, but he's not bearish. Let's bring in Carson Group chief market strategist Ryan Dietrich and our own senior markets commentator Mike Sani.Guys, welcome. Ryan, you're saying four to 6% pullback here in the S&P wouldn't be unusual yet. You're still overweight.uh tech uh and and some of th ...
Amgen beats on Q2 revenue, slightly raises guidance
CNBC Television· 2025-08-05 20:39
Financial Performance - Amjen's adjusted EPS exceeded expectations at $62 per share, compared to the street's estimate of $529 [1] - Revenue surpassed estimates, reaching $918 billion, against an expected $894 billion [1] - The company is slightly increasing full-year revenue estimates to $35-36 billion, while the street expected $3537 billion [2] - Full-year adjusted EPS guidance is also increasing, but the midpoint is slightly lower than analysts' expectations [3] Product Performance & Market Dynamics - Osteoporosis drug Prolia's revenues met expectations, but it now faces biosimilar competition in the US [1] - Rare disease and cancer drugs showed some strength [2] - There was weakness in inflammation, excluding the drug Otesla [2] Future Outlook - The guidance includes the estimated impact of implemented tariffs but does not anticipate future pharma-specific tariffs or price adjustments [3] - Data from part two of the phase 2 obesity trial is expected in the fourth quarter [3][4]
Fmr. Treasury Secretary Mnuchin on what Trump hopes to achieve with tariffs
CNBC Television· 2025-08-05 20:30
Trade Policy Objectives - The president aims to rebalance trading relationships for greater equality [1] - Tariffs are viewed as a revenue-generating tool [2] Tariff Impact & Revenue - A 10% baseline tariff across the board could generate over $2 trillion over a long period, significantly impacting the budget deficit [2] - Current tariffs range between 15% and 30% [2] Market Adjustment - The market is gradually adjusting to a higher baseline tariff environment [3] - Progress appears to be underway regarding trade with China [3]
NYT's James Stewart: ESPN direct-to-consumer launch is 'seismic event' for cable industry
CNBC Television· 2025-08-05 20:18
streaming on CNBC plus. >> We're back. Disney shares have sputtered lately.After a solid start to the year, investors will be watching the company's earnings closely tomorrow for signs of where the consumer currently stands. Jim Stuart is columnist with The New York Times. He joins us now.He's also a CNBC contributor. This is our quarterly visit. It's nice to have you, as always.>> Good to be back. I feel. >> Like we have the same type of conversation parks and streaming.Is that the whole thing this time. > ...
Honeywell CEO Vimal Kapur on company separation process
CNBC Television· 2025-08-05 20:15
I mean the spin-offs are uh progressing on time. So we expect to have the chemicals business advanced material spin-off completed Q4 of this year uh and then aerospace will happen uh second half of 2026. So they are progressing well.But the good news is that uh the two important points there. First is we have majorly completed our portfolio transformation work with that because when I started we announced these spins but we also have done a lot of portfolio work some substraction some additions. So that's l ...
CFTC to allow spot crypto asset contract trading on registered exchanges: CNBC Crypto World
CNBC Television· 2025-08-05 20:08
Today, Bitcoin and Ether fall after President Trump talks about his tariff plans on CNBC. The CFTC says it's looking to allow spot crypto trading on registered exchanges. And James Gretzky, CFO at Exodus, breaks down what helped fuel an increase in the company's digital asset treasury.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Major cryptocurrencies and stocks pulling back today as traders digested weaker than expected economic data and new tariff comments from President Trump.Specifically, the presi ...
Russia's economy 'stinks,' Trump says, and lower oil prices will stop its war machine
CNBC Television· 2025-08-05 20:01
Energy is down to $220 a barrel a uh a gallon now for a car. It's down to a level. You're down, I guess, around $65 a barrel, but it's going down.There's tremendous energy. And if you notice, OPEC and OPEC plus uh they're drilling more. They want to drill more because I think they want me happy because if energy goes down low enough, Putin's going to stop killing people.That'll be nice. Even though they're his own people that are dying, him and Ukraine, but Putin will stop killing people if you get energy d ...