Technology

Applied Materials (NASDAQ:AMAT) reported Q1 2023 revenue $6.74 billion , up 7% year over year

Feb. 16, 2023 — Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its first quarter ended Jan. 29, 2023. reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.10. revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.66 billion.  updated its Q2 guidance to $1.66-2.02 EPS. analysts’ expectations of $1.6 billion.  First Quarter Results Revenue $6.74 billion, up 7 percent year over year,On a GAAP basis, the company achieved gross margin of 46.7 percent, operating income of $1.97 billion or 29.2 percent of net sales, and record earnings per share (EPS) of $2.02. GAAP operating margin 29.2 percent and non-GAAP operating margin 29.5 percent, down 2.3 points and 2.2 points year over year, respectively。 GAAP EPS $2.02 and non-GAAP EPS $2.03, up 1 percent and 7 percent year over year, respectively。 On a non-GAAP adjusted basis, the company reported gross

Applied Materials (NASDAQ:AMAT) reported Q1 2023 revenue $6.74 billion , up 7% year over year Read Post »

Shopify Inc.(NYSE:SHOP) reported Q4 2022 revenue of $1.734 b, up 25.6% year-over-year

February 15, 2023 – Shopify Inc. (NYSE: SHOP), a provider of essential internet infrastructure for commerce, announced today financial results for the quarter and year ended December 31, 2022. Fourth-quarter revenue was $1.73 billion, versus analysts’ expectations of $1.65 billion. GMV for the fourth quarter was $61 billion, compared with analysts’ expectations of $59.21 billion. The fourth-quarter MRR was $109.5 million, versus analysts’ expectations of $111.2 million. Fourth-Quarter Financial Highlights GMV increased 13% to $61.0 billion。 Total revenue increased 26% to $1.7 billion compared to the prior year。 Merchant Solutions revenue increased 30% to $1.3 billion compared to the prior year。 Monthly Recurring Revenue as of December 31, 2022 increased 7% to $109.5 million compared to the prior year. Gross profit dollars grew 15% to $798.5 million, compared to the prior year. Gross margin for the quarter was 46.0% compared to 50.2% in Q4 2021, driven primarily by contributions from lower margin Shopify

Shopify Inc.(NYSE:SHOP) reported Q4 2022 revenue of $1.734 b, up 25.6% year-over-year Read Post »

Shopify (NYSE:SHOP) had revenue of $1.73 billion in Q4 2022, versus analyst expectations of $1.65 billion

Canadian e-commerce Shopify (NYSE:SHOP) had revenue of $1.73 billion in the fourth quarter of 2022, versus analysts’ expectations of $1.65 billion. GMV for the fourth quarter was $61 billion, versus analysts’ expectations of $59.21 billion. The fourth-quarter MRR was $109.5 million, versus analysts’ expectations of $111.2 million.

Shopify (NYSE:SHOP) had revenue of $1.73 billion in Q4 2022, versus analyst expectations of $1.65 billion Read Post »

Bank of America: Nvidia (NASDAQ:NVDA) will benefit from the generative AI race with a price increase to $255

Bank of America analyst Vivek Arya raised its price target on Nvidia (NASDAQ:NVDA) to $255 from $215 and maintained a “buy” rating. Nvidia’s full-stack acceleration chips, systems, software and developers put it in a unique lead in the emerging generative artificial intelligence (AI) race, the analyst said. Bank of America’s new model predicts that NVIDIA’s sales and earnings per share will grow at compound annual growth rates of 25% and 34%, respectively, through 2027, as the adoption of generative AI triples the addressable market size for AI accelerators.

Bank of America: Nvidia (NASDAQ:NVDA) will benefit from the generative AI race with a price increase to $255 Read Post »

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