Stocks Mixed on Earnings Results and Weakness in Chipmakers
View original at nasdaq.comStocks Mixed on Earnings Results and Weakness in Chipmakers The S&P 500 Index ($SPX) (SPY) today is up +0.05%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.738%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.12%…
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Claimed to have struck facilities linked to Saudi Aramco in the Red Sea port towns of Jizan and Yanbu on Saturday
60% confidenceQ2 earnings may increase by +23%, close to Q1's blowout earnings of +30%, which was more than double the +12% analysts had expected
60% confidenceForecasting Q3 net sales of $1.95 billion to $2.05 billion, weaker than the consensus of $2.11 billion
60% confidenceRaised the possibility of intensified action against Iran
60% confidenceReported Q2 net sales of $10.40 billion, above the consensus of $10.03 billion
60% confidenceRaising its full-year comparable EPS forecast to up +9% to +10% from a previous view of +8% to +9%
60% confidenceBoosting full-year revenue forecast to $17.28 billion to $17.48 billion from a previous forecast of $17.15 billion to $17.35 billion, stronger than consensus of $17.28 billion
60% confidenceCutting full-year adjusted EBITDA estimate to $850 million to $925 million from a previous forecast of $940 million to $1.02 billion, below consensus of $970.3 million
60% confidenceDowngraded RXO to sell from hold with a price target of $19
60% confidenceUpgraded Intuitive Surgical to buy from hold with a price target of $500
60% confidenceForecasting Q3 core sales of $4.9 billion to $5.0 billion, the midpoint below the consensus of $5.0 billion
60% confidenceReported adjusted EPS of $3.70, better than the consensus of $3.51, and raised full-year adjusted EPS forecast to $11.80 to $12.20
60% confidence