Advanced Micro Devices (AMD) reported strong third-quarter financial results, exceeding revenue estimates driven by robust growth in the data center segment. While gaming revenue saw a decline, AMD anticipates continued growth across various business segments, particularly in data centers and client computing.
10x Genomics, a leader in single-cell and spatial biology, announced its Q3 2024 financial results, revealing a slight revenue decline attributed to sales restructuring and cautious customer spending. Despite the challenges, the company remains optimistic about future growth, driven by its new product launches and the expanding market for its innovative technologies.
Ecolab Inc. (ECL) reported a slight miss on third-quarter revenue, despite demonstrating robust organic sales growth and improved profitability. While the company lowered its full-year EPS guidance, it maintained a positive outlook, supported by strong performance across its segments and a healthy cash position.
JetBlue Airways Corporation (JBLU) stock took a hit after reporting third-quarter earnings, despite beating analyst expectations on both earnings per share and revenue. The company’s operating margin improved significantly, but investors are focusing on the anticipated revenue decline and rising costs in the coming quarters. Learn more about the key takeaways from JetBlue’s earnings report and its impact on the stock.
Crocs, Inc. (CROX) shares tumbled in pre-market trading after the company reported its third-quarter financial results, which included a lowered revenue guidance for the HEYDUDE brand. Despite exceeding earnings expectations, the struggling HEYDUDE brand and cautious outlook for the coming year sent investors scrambling for the exits.
Xerox Holdings Corp (XRX) reported disappointing third-quarter 2024 results, with revenue falling short of expectations for the seventh consecutive quarter. The company’s equipment sales revenue continued to decline, dragging down overall performance despite positive developments in adjusted operating income and margin. The acquisition of ITsavvy is expected to bolster Xerox’s offerings and revenue growth.
Cadence Design Systems, Inc. (CDNS) exceeded analysts’ expectations for both earnings and revenue in the third quarter of 2024, fueled by strong performance across its product portfolio. While the company’s outlook for the year remains positive, shares dipped slightly on Monday, likely due to investor concerns about the broader market. However, several analysts remain bullish on Cadence, with some even raising their price targets following the earnings announcement.
ON Semiconductor Corp (ON) exceeded analysts’ expectations for the third quarter, reporting a revenue decline of 19.2% year-on-year to $1.76 billion. The company’s adjusted EPS also surpassed estimates. Despite the decline in revenue, ON Semiconductor remains optimistic about its future prospects, driven by rising power demands and the need for greater efficiency in key markets. Analysts have adjusted their price targets for ON Semiconductor following the earnings announcement, with some maintaining a Buy rating while others remain cautious.
PayPal Holdings Inc. (PYPL) reported a solid third quarter with earnings exceeding expectations, but revenue growth slowed, causing the stock to dip in premarket trading. The company also provided an outlook for the fourth quarter, indicating a continued focus on expanding its Buy Now, Pay Later (BNPL) offering and strong consumer sentiment.
McDonald’s Corp. (MCD) exceeded earnings and revenue expectations for the third quarter, but global comparable sales declined, leading to a premarket dip in shares. The company cited challenges in several international markets, including France, the UK, and China.
