Applied Materials (NASDAQ: AMAT) reported its financial results for the quarter ended March 31, 2020, on Thursday after the market closes. The results missed analysts’ expectations.
The company posted a 13% jump in earnings for the second quarter of 2020 helped by higher revenue. The company is withdrawing its guidance due to the impact of the COVID-19 pandemic on its supply chain and manufacturing operations. The demand for advanced electronic products has been dominating the semiconductor industry but the COVID-19 pandemic has changed the tables around.
However, for the future, the industry continues to expect the growth of data and emerging end-market drivers that include artificial intelligence, augmented and virtual reality, the Internet of Things (IoT), and smart or autonomous vehicles, to drive the demand for advanced electronic products.
As navigating the challenges created by COVID-19, the company believes its supply chain is recovering and the underlying demand for its semiconductor equipment and services remains robust.
Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as
Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and
Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock