— STMicroelectronics (NYSE: STM) reported fourth-quarter earnings of 0.43 per share vs. $0.37 per share expected.
— Net revenue rose 4% to $2.75 billion, vs. $2.68 billion expected, despite weakness in automotive sales.
— Q4 gross margin of 39.3%; operating margin of 16.7%.
— For Q1 2020, the company expects net revenues of about $2.36 billion, a decrease of 14.3% sequentially. Gross margin is projected to be 38%, plus or minus 200 basis points.
— In 2020, the company plans to invest about $1.5 billion in CAPEX to support strategic initiatives and revenue growth.
Adobe Systems Incorporated (NASDAQ: ADBE) reported second quarter 2021 earnings results today. Total revenue grew 23% year-over-year to $3.84 billion. GAAP net income was $1.11 billion, or $2.32 per share,
Shares of Delta Air Lines Inc. (NYSE: DAL) have gained 45% over the past 12 months and 11% since the beginning of this year. After a particularly distressful period, like
The Kroger Co. (NYSE: KR) reported first-quarter 2021 earnings results today. Total company sales were $41.3 billion compared to $41.5 billion in the same period last year. Excluding fuel, sales