Microsoft, UPS, GM, Super Micro Computer, Calix, Sanmina, Arcus, and More Movers
is expected by analysts to report fiscal second-quarter earnings after the closing bell Tuesday of $2.77 a share, up from $2.32 a year earlier. Revenue is forecast at $61 billion, up 15.7% from a year earlier. The stock has risen 65% over the past 12 months, reflecting
Microsoft
’s
aggressive push into generative artificial intelligence software across its product lines. In premarket trading, Microsoft rose 0.8%.
Alphabet
,
the parent company of Google, and chip maker
also are scheduled to report quarterly earnings after the close of trading.
rose 0.2% ahead of its report and AMD was down 0.6%.
fell 7.6% after fourth-quarter revenue missed estimates and the package delivery company issued a 2024 revenue forecast that also was below expectations.
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jumped 6.7% after the auto maker reported fourth-quarter earnings and sales that topped analysts’ estimates and said it expects an operating profit in 2024 of $12 billion to $14 billion compared with analysts’ projections of $10.8 billion.
reported fourth-quarter adjusted earnings of 10 cents a share on revenue of $14.2 billion. The stock was up 1.1%.
Fiscal second-quarter earnings at
beat expectations and the computer and server maker said it expects fiscal third-quarter revenue of $3.7 billion to $4.1 billion and adjusted earnings in the period of $5.20 to $6.01 a share, both well ahead of forecasts. Shares rose 12%.
Broadband-software company
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was falling 22% after swinging to a loss in the fourth quarter and forecasting first-quarter revenue of $225 million to $231 million, down from $250 million a year earlier and below analysts’ estimates of $267.5 million.
the appliance maker, reported fourth-quarter adjusted earnings that topped analysts’ estimates but said it anticipates adjusted earnings in 2024 of $13 to $15 a share and sales of $16.9 billion, down 13% from a year earlier. Analysts had been expecting profit of $15.37 a share on sales of $17.9 billion.
shares declined 4.1%.
‘s fiscal first-quarter adjusted earnings of $3.43 a share topped analysts’ estimates and the cloud company posted revenue of $693 million that also beat forecasts. F5 said it expects sales in the second-quarter of $675 million to $695 million compared with analysts’ forecasts of $673 million. The stock was rising 10% in premarket trading.
Sanmina
,
the manufacturing services provider, said it anticipates fiscal second-quarter adjusted earnings and sales higher than Wall Street expectations and added it expects to see “sequential improvement as we move into the second half of the year.” The stock jumped 15%.
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reported a fourth-quarter loss that narrowed from a year earlier but revenue of $5.11 billion that missed estimates. The steelmaker said it expects first-quarter adjusted earnings before interest, taxes, depreciation, and amortization to “meaningfully exceed” adjusted Ebitda in the fourth quarter of $279 million. Shares were down 2.2%.
rose 15% after
agreed to invest $320 million in Arcus and the companies announced they amended their collaboration agreement.
was rising 2.4% to $223.88 after analysts at UBS raised their recommendation on shares of the audio-streaming-services company to Buy from Neutral and boosted the stock price to $274 from $170.
Write to Joe Woelfel at [email protected]
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