Microsoft Works With Pentagon and Chewy Rallies and Beats Expectations
Microsoft Corporation is an American multinational technology company that develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Recently, Microsoft locked in a large contract with the Pentagon for augmented reality headsets that could be worth nearly $22 billion over the next 10 years, according to published reports.
The contract aims to have 120,000 of the headsets made which will use HoloLens technology, a technology that allows military personnel to use holograms to help with observing the surrounding environment and aims weapons. Microsoft went up in late trading following the reports, ending the regular session up $3.92, or 1.7%, at $235.77.
Chewy, owed by PetSmart, is an American online retailer of pet food and other pet-related products. Chewy has been doing well with total sales up 51%.
Looking into the future, Chewy expects Q1 revenue of $2.11B to $2.13B, higher than the $2.07B consensus. The CEO of Chewy expressed his confidence explaining that: “In 2021, we expect to realize accelerated productivity gains from full-year operations at these facilities. We expect to open our second automated fulfillment center in the second quarter of 2021 and another limited catalog facility in the third quarter of 2021. In 2022, we will begin automation retrofits at select fulfillment centers.”
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.