Tag: money

Intel reported first-quarter earnings report Thursday. They beat the estimates for the quarter, but reported their first annual profit decline since 2015. In addition, their full-year guidance that was below Wall Street expectations.

Data-center revenue, Intel’s second largest segment, not only declined more than expected for the first quarter, down 6% to $4.9 billion when analysts were expecting a 2.5% decline to $5.1 billion, but also the company forecast flat data-center sales on a sequential basis. Analysts had been forecasting data-center sales of $5.58 billion for the second quarter.Jefferies analyst Mark Lipacis, who has an underperform rating and a $40

Legal marijuana has started gaining traction worldwide due to very high demand among consumers and increasing legalization of recreational or medical marijuana in various countries.  According to a report by Grand View Research, Inc., the global legal marijuana market is expected to reach USD 146.4 billion by end of 2025.

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate in a range of property sectors ad most of them trade on major stock exchanges, REITs lease space and collect rent on its real estate and generates income which is then paid out to shareholders in

United Parcel Service reported their first quarter earnings yesterday. UPS reported earnings and revenue that were below expectations and blamed the lackluster results on the weather.

UPS reported earnings of $1.39 per share vs. expectations of $1.42 per share.  Revenues for the quarter were $17,160 million vs expectations of $17,793.7 million.

UPS also said it expects second-quarter earnings per share to be flat compared to the same quarter last year, but did reaffirm its full-year earnings guidance of $7.45 to $7.75 per share.

“UPS remains a ‘show-me’ story,” said Benjamin Hartford, an analyst at Robert W. Baird, in a note. The company hasn’t yet

3M reported earnings yesterday and the results were bad.  3M earned $1.51 per share, in the first quarter vs. expectations of $2.50 per share. Revenue was $7.86 billion in the period, down 5% year over year and also falling short of Street forecasts of $8.09 billion.

3M also said it was laying off cutting 2,000 jobs and slashed their full year forecast.  These results were enough for the stock price to have its biggest one-day decline in over 30 years.

“We continued to face slowing conditions in key end markets which impacted both organic growth and margins, and our operational execution also

I took an online survey about 5G yesterday.  One of the questions was would I pay more to have a 5G plan and would I upgrade my phone to a 5G phone when they are available.  My answer to both questions was NO. However, wireless carriers don’t have a choice, they must upgrade their network to handle 5G and one of the beneficiaries of this upgrade will be Xilinx, Inc.   For example, Carriers in South Korea and China plan to roll out 5G networks this year, and handset makers, including Samsung Electronics Co Ltd , plan to make phones work