Results for: Revenue Beat

Pfizer reported first-quarter revenue and earnings that beat expectations on Wednesday, driven by strong sales of its non-Covid products and its cost-cutting program. The company raised its full-year profit outlook, forecasting adjusted earnings of $2.15 to $2.35 per share, up from its prior guidance of $2.05 to $2.25 per share. Pfizer remains confident in its business and its ability to reduce costs, aiming to achieve $4 billion in savings by the end of the year. The results reflect Pfizer’s efforts to offset the decline in its Covid-related revenue, which has plunged due to decreased demand and the transition to the commercial market. The company is focusing on treating cancer, including its $43 billion acquisition of Seagen, to drive growth and improve its bottom line.

Lam Research Corporation (NASDAQ: LRCX) reported impressive financial results for the third quarter of 2024, beating analyst estimates for both earnings per share (EPS) and revenue. The company reported an EPS of $7.79, exceeding the consensus estimate of $7.29 by a significant margin of $0.50. Revenue for the quarter reached $3.79 billion, surpassing the consensus estimate of $3.72 billion. Lam Research also provided guidance for the fourth quarter of 2024, projecting revenue between $3.50 billion and $4.10 billion, slightly below the analyst consensus of $3.77 billion.

Align Technology (NASDAQ: ALGN) released strong first-quarter results, exceeding analyst estimates for both earnings and revenue.

The company reported earnings per share (EPS) of $2.14, significantly higher than the consensus estimate of $1.97. Revenue for the quarter came in at $997.4 million, surpassing the consensus estimate of $974.53 million.

In terms of guidance, Align projects second-quarter 2024 revenue between $1.03 billion and $1.05 billion, in line with the analyst consensus of $1.03 billion. The company’s stock price closed at $313.78, showing an 18.73% increase in the last three months and a 10.74% decline in the last 12 months.

Hasbro Inc. (NASDAQ: HAS) has announced impressive financial results for the first quarter of 2024, surpassing analyst expectations and boosting investor confidence. Adjusted earnings per share (EPS) reached $0.61, significantly higher than the predicted $0.28, while revenue also beat estimates, standing at $757.3 million against a forecast of $749.48 million. Hasbro’s shares responded positively to this news, rising by 4.9% in value.

Visa A (NYSE: V) reported better-than-expected second quarter earnings per share (EPS) of $2.51, exceeding analyst estimates by $0.07. The company’s revenue for the quarter came in at $8.78 billion, surpassing the consensus estimate of $8.62 billion. The stock price closed at $274.13, reflecting a 2.31% gain over the past three months and a 17.77% increase over the past year.

Lockheed Martin Corporation reported strong first quarter financial results, surpassing analyst estimates and raising its full-year guidance. The defense contractor posted earnings per share (EPS) of $6.39, exceeding the consensus estimate by $0.59. Revenue came in at $17.2 billion, beating the $16.02 billion forecast. Looking ahead, Lockheed Martin expects EPS in fiscal year 2024 to range between $25.65 and $26.00, which is slightly above the analyst consensus of $26.03.

Cadence Design Systems (CDNS) reported better-than-expected first-quarter financial results, with earnings per share of $1.17 surpassing the $1.13 analyst consensus estimate and revenue reaching $1.009 billion, exceeding the $1.002 billion forecast. Despite a decline in operating margin, the company highlighted its strong backlog and momentum in its AI portfolio and hardware platforms.