To The Moon

It’s a key week in Earnings Season as many companies released their reports. Some companies experienced roller coaster ride after the earnings release. You can find the stocks that rose or fell most in "Movers & Shakers" on Tiger Trade app. In this article, we gonna brief three companies that beat expectations and one company fell short. $Lockheed Martin(LMT)$ $Intuitive Surgical(ISRG)$ $Western Alliance(WAL)$ $LM Ericsson Telephone(ERIC)$ 1. $Lockheed Martin(LMT)$ hit to a new high of $508.1 US weapons maker Lockheed Martin Corp's first-quarter results surpassed Wall Street targets on Tuesday as simmering geopolitical tensions fueled demand from both U.S. and international customers. Lockheed reported adjusted earnings of $6.43 per share for the first quarter ended March 26. Analysts were expecting profits of $6.06 per share. Revenue of $15.1 billion, beating expectations of $15 billion from analysts. Outook: the missiles maker reaffirmed its full-year outlook, projecting net sales in the range of about $65 billion to $66 billion and profits between $26.60 and $26.90 per share. Analysts’ ratings: 22 analysts gave an average rating for $Lockheed Martin(LMT)$ of $509.1; the highest target price is $774. 2. $Intuitive Surgical(ISRG)$ rose 8% after earnings beat Revenue jumped 14% to $1.7 billion, beating expectations for $1.59 billion. On an adjusted basis, the robotic surgery company earned $1.23 per share, topping forecasts by 3 cents and rising almost 9%. Outlook: Intuitive Surgical didn't provide a full-year outlook in its earnings release. ISRG stock analysts currently predict adjusted income of $5.30 per share and $6.9 billion in sales. Analysts’ ratings: 26 analysts gave an average rating for $Intuitive Surgical(ISRG)$ of $273.38; the highest target price is $325. 3. $Western Alliance(WAL)$ - The regional bank popped 16% to $37.74 Revenues was $552 million, missing the $666 million anticipated by analysts. Earnings of $2.30 per share, beating the estimate of $2.05 per share. Although its revenue missed estimates, investors have been focused on the stability of deposits in response to the broader fallout in the sector last month. The company has significantly reduced its exposure to uninsured deposits. Revenue and profits are on the rise, with tangible book value also climbing nicely. With deposits on the rise and nothing significantly negative sticking out, the company makes for a very solid prospect at this time. Analysts’ ratings: 14 analysts gave an average rating for $Western Alliance(WAL)$ of $55.93; the highest target price is $77. 4. $LM Ericsson Telephone(ERIC)$ down 8% after its margin declined Ericsson stock fell sharply Tuesday, after the Swedish telecommunications hardware provider posted disappointing first-quarter results and softer-than-expected guidance for the June quarter. Gross margin for the quarter fell to 38.6% from 42.3%. Net sales rose 14% to 62.6 billion crowns, beating estimates of 60.43 billion. The company's quarterly adjusted operating earnings, excluding restructuring, fell to 4 billion Swedish crowns from 4.8 billion crowns a year earlier, beating analysts' mean forecast of 3.28 billion Countries such as India achieved stronger sales of 5G equipment, but sales in more established markets fell and eroded margins. Analysts’ ratings: 14 analysts gave an average rating for $LM Ericsson Telephone(ERIC)$ of $6.75; the highest target price is $10.24. 1 crown (SEK) = 0.097$