[ad_1] The housing market has been underneath stress on account of restricted stock and elevated mortgage charges for a while, which was mirrored within the efficiency of KB Dwelling (NYSE: KBH) final 12 months. The homebuilder is getting ready to publish first-quarter numbers subsequent week, whereas market watchers forecast a year-over-year enhance in gross sales and revenue. New Excessive Final week, the Los Angeles-headquartered firm’s inventory moved above the $70 mark, which is the best in almost twenty years. With a powerful 100% progress in a 12 months, KBH was one of many best-performing shares final 12 months. It has…
Author: Staff Correspondent
[ad_1] For Micron Know-how, Inc. (NASDAQ: MU), 2023 was a difficult yr when gross sales had been hit by unfavorable demand-supply dynamics and a ban in China. When the corporate reviews second-quarter outcomes subsequent week, the market will likely be carefully following the occasion as it’s anticipated to supply essential insights into the semiconductor agency’s monetary well being. Just lately, Micron’s administration issued optimistic steering for the quarter, after reporting better-than-expected first-quarter outcomes. Inventory Peaks The chipmaker’s inventory has gained round 15% for the reason that starting of the yr and hit an all-time excessive final week. The worth has…
[ad_1] Software program large Oracle Company (NYSE: ORCL) on Monday reported a rise in internet earnings, on an adjusted foundation, for the third quarter of 2024. Earnings additionally got here in above estimates. February-quarter revenues totaled $13.3 billion, in comparison with $12.4 billion in the identical interval final 12 months. Earnings, excluding particular gadgets, have been $1.41 per share within the third quarter, in comparison with $1.22 per share within the prior-year interval. The underside line topped expectations. On an unadjusted foundation, the tech agency reported a internet earnings of $2.40 billion or $0.85 per share for the third quarter,…
[ad_1] Shares of Lennar Company (NYSE: LEN) turned purple in noon commerce on Friday. The inventory has gained 17% over the previous three months. The homebuilder is scheduled to report its first quarter 2024 earnings outcomes on Wednesday, March 13, after markets shut. Right here’s a take a look at what to anticipate from the earnings report: Income Analysts are projecting income of $7.4 billion for Lennar within the first quarter of 2024. This compares to income of $6.5 billion in the identical interval a 12 months in the past. Within the fourth quarter of 2023, revenues totaled $11 billion. Earnings Lennar…
[ad_1] Design software program firm Adobe Inc. (NASDAQ: ADBE) is making ready to report earnings for the primary quarter of fiscal 2024. The corporate is efficiently monetizing its synthetic intelligence initiatives after integrating the know-how throughout the platform. Within the final quarter, revenues rose to an all-time excessive, with all working segments delivering better-than-expected efficiency. The Inventory The worth of Adobe’s shares has greater than doubled up to now one-and-half years, after bouncing again from a multi-year low. The inventory made regular positive factors within the early weeks of the 12 months, however it skilled some weak spot not…
[ad_1] Division retailer chain The Kroger Co. (NYSE: KR) reported greater web gross sales and revenue for the fourth quarter of 2023. Earnings beat estimates, whereas gross sales got here in keeping with expectations. The chompany reported web gross sales of $37.1 billion for the January quarter, in comparison with $34.8 billion for a similar interval final 12 months. An identical gross sales, with out gas, decreased 0.8%. The highest line got here in keeping with analysts’ estimates. Internet earnings, excluding particular objects, elevated to $1.34 per share within the fourth quarter from $0.99 per share within the year-ago quarter. On…
[ad_1] Oracle Company (NYSE: ORCL) has efficiently transitioned right into a cloud-centric enterprise from a software program maker, however latest information present that the corporate is lagging behind others within the cloud area. When the tech agency reviews earnings subsequent week, traders’ focus will probably be on its prime line which skilled a slowdown in latest quarters. The Inventory Oracle’s inventory has gained 6% up to now this yr and is presently buying and selling round $110, which is 12% under the September peak. The worth has greater than doubled prior to now 5 years. Nonetheless, the valuation continues to…
[ad_1] Cloud service supplier NetApp, Inc. (NASDAQ: NTAP) has introduced monetary outcomes for the third quarter of 2024, reporting a rise in revenues. Internet revenues got here in at $1.61 billion within the third quarter of 2024, which is up 5% year-over-yearAt $1.69 billion, third-quarter billings had been up 7% year-over-yearThe corporate recorded an all-flash array annualized income run fee of $3.4 billion for Q3, a rise of 21%Consolidated gross margins had been at a document excessive of 72%; adjusted consolidated gross margins got here in at 73%Internet revenue moved as much as $313 million within the third quarter, in comparison…
[ad_1] Shares of Lowe’s Firms, Inc. (NYSE: LOW) had been up over 1% on Friday. The inventory has gained 19% over the previous three months. The house enchancment retailer noticed gross sales and comps decline within the fourth quarter of 2023 whereas earnings elevated year-over-year. The pullback in DIY spending had a significant impression on the enterprise throughout the quarter. Quarterly efficiency Lowe’s internet gross sales decreased 17% to $18.6 billion in This fall 2023 in comparison with the identical interval final yr. Gross sales within the prior-year quarter included contributions from the extra 53rd week and the Canadian retail…
[ad_1] Broadcom, Inc. (NASDAQ: AVGO) will probably be releasing its first-quarter outcomes subsequent week. Through the years, the corporate continuously broadened its portfolio past semiconductors to areas like enterprise software program options, a technique complemented by the latest acquisition of VMware. Broadcom’s inventory grew a formidable 4% on Friday morning, quickly after opening, and reached a brand new report excessive. It has been on an upward spiral for fairly a while, and its worth greater than doubled prior to now twelve months. Regardless of the excessive inventory worth, the corporate is unlikely to disappoint these investing in it now…