Earning Results for SJM, DKS, BBY& ADI

Longacres_Finance
11-27

Hello everyone! Today i want to share some earning results with you!

1.

$JM Smucker(SJM)$ also had a double beat with their Q2 earnings. EPS was $2.76 beating estimates by $0.25 per share on revenue of $2.27B which beat estimates by $10M but was 17% higher than the previous year.

2.

$Dick's Sporting Goods(DKS)$ released Q3 earnings today with a double beat, EPS was $2.75 (beat by $0.06) and revenue was $3.06B (beat by $30M). Shares were up in early trading but have since settled are and relatively flat.

3.

$Best Buy(BBY)$ had a double miss this morning with EPS coming up $0.03 short of analyst expectations and revenue missing by $180M. Shares are down 7% in midday trading.

4.

$Analog Devices(ADI)$ announced Q4 Non-GAAP EPS of $1.67 beating estimates by $0.03 on revenue of $2.44B which almost topped expectations by $30M but was a 10.3% decrease YoY. Shares are down 3% in midday trading.

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Tech Stocks Earnings Report
Tech stocks, including Nvidia, Tesla, Snowflake, Palo Alto Networks, and Alphabet, are making moves in the market following their quarterly earnings reports. Nvidia reported better-than-expected earnings and strong revenue growth, but its stock declined due to cautious fourth-quarter revenue guidance. Tesla, a customer of Nvidia, saw a slight decline in premarket trading. Alphabet faced pressure as the Justice Department requested the sale of its Chrome browser and restrictions on preferential access to its search engine. Snowflake's stock soared after posting impressive earnings and revenue figures, surpassing expectations. Palo Alto Networks reported strong earnings and raised its fiscal-year guidance, but its stock declined. Target's stock fell significantly after missing earnings estimates. Baidu's U.S.-listed shares declined due to weak advertising demand. Several other tech companies are expected to release earnings reports today.
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