This week’s earnings extravaganza – which stocks are making headlines?
Samsung smashed earnings again
This is one of the busiest weeks in the financial calendar for earnings across the globe. By the end of this week, over 100 S&P500 companies will have reported earnings alongside 10 Dow Jones heavyweights.
To catch you up to speed with which businesses have reported their latest financial results so far, here is a brief run down of the top stocks making headlines Wednesday.
Chipmaker Advanced Micro Devices (#amd) reported earnings that exceeded expectations, with a 60 per cent jump in revenue in its computing and graphics business (thanks to its popular Ryzen and Radeon chips – favourites among gamers). It also posted stronger guidance for the future, but saw its shares drop 3.38 per cent in late trade.
Juniper Networks (#jnpr) reported a Q4 profit that fell from last year, with earnings declining to $199.4 million down from $254.3 million in Q4 2016. The stock dropped more than 8 per cent.
Electronic Arts (#elecarts) saw shares rally 7.56 per cent after reporting fiscal Q3 revenue of $1.97 billion. Shares have moved up 42 per cent over the last year. The company forecasts revenues of $1.23 billion for the current quarter, beating Wall Street expectations substantially.
Stryker Corp (#strykr) stock fell more than 3 per cent after the medical tech firm reported a Q4 2017 loss, despite profitability in Q4 of 2016.
In the U.K. outsourcing firm Capita (#capita) saw its value fall 41 per cent today after its new boss slashed profit forecasts, cancelled the dividend for investors and said it needed a massive overhaul, prompting fears of an impending collapse similar to Carillion earlier this month.
Samsung (#samsng) posted record profit again with KRW 65.98 trillion in consolidated revenue and KRW 15.5 trillion in operating profit for Q4 2017. Shares surged 8.7 per cent in early trade before turning flat.
Related: Hot stocks to watch for 2018
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