Chipmaker Micron Technology Inc. (NASDAQ: MU) reported a 4% decline in earnings for the third quarter of 2020 due to higher costs and expenses despite a 14% jump in the top-line. Despite challenges in the macro-environment, the company’s exceptional execution drove strong revenue and earnings growth.
Micron repurchased about 929,000 shares of its common stock for $40 million during the third quarter and ended the quarter with cash, marketable investments, and restricted cash of $9.29 billion, for a net cash position of $2.60 billion.
Looking ahead into the fourth quarter, the company expects adjusted earnings to come in at $1.05 per share, plus or minus $0.10, and unadjusted profit to be $0.88 per share, plus or minus $0.10. Revenues are anticipated to be in the range of $5.75-6.25 billion.
Novavax (NASDAQ: NVAX) reported a loss of $17.5 million or $0.30 per share for the second quarter of 2020. Revenue jumped to $35.54 million in Q2 from $3.36 million in
https://www.youtube.com/watch?v=KqNZ-_X4F8k&t=2s Cannabis company Tilray, Inc. (NASDAQ: TLRY) Monday reported a wider net loss for the second quarter of 2020, despite a marked increase in revenues. Revenues of the Canada-based company
Duke Energy (NYSE: DUK) reported second-quarter financial results before the market opened on Monday. The energy holding company surpassed earnings expectations by 5 cents per share during the quarter. DUK