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Darden Restaurants Reports In-Line Q1 Results, Provides Guidance

Darden Restaurants (NYSE:DRI) reported its Q1 results, with EPS coming in at $1.56, in line with the Street estimate. Revenue was $2.4 billion, slightly missing the Street estimate of $2.47 billion. The company expects full 2023-year EPS to be in the range of $7.40-$8.00, compared to the street estimate of $7.70, and revenue in the […]

Accenture Reports EPS Beat, While Outlook Worse Than Expected

Accenture (NYSE:ACN) reported its Q4 results, with EPS of $2.60 coming in better than the Street estimate of $2.58. Revenue was $15.4 billion, slightly missing the Street estimate of $15.44 billion. The company provided its full 2023-year outlook, expecting EPS to be in the range of $11.09-$11.41, lower than the Street estimate of $12.00. Analysts […]

QUALCOMM’s Automotive Investor Day Review

Deutsche Bank analysts provided their key takeaways from QUALCOMM Incorporated’s (NASDAQ:QCOM) first-ever Automotive Investor Day, where it highlighted the breadth and flexibility of its differentiated technology portfolio and the unique go-to-market strategy enabling significant share gains in the automotive segment. Strategically, the company believes its broad portfolio of industry-leading technologies across Connectivity, Edge processing and […]

FactSet Research Systems Shares Down 2 percent on Q4 EPS Miss

FactSet Research Systems Inc. (NYSE:FDS) shares were trading more than 2% lower Friday morning following the company’s reported Q4 results, with EPS of $3.13 coming in worse than the Street estimate of $3.21. Revenue was $499.3 million, compared to the Street estimate of $487.34 million. The company’s quarterly results ended up being disappointing relative to […]

ANSYS Price Target Lowered to $282 From $420 at Berenberg Bank

Berenberg Bank analysts lowered their price target on ANSYS, Inc. (NASDAQ:ANSS) to $282 from $420 on the back of a slight estimate cut to reflect some slowdown in H2/22 and H1/23 and the impact of higher yields. According to the analysts, the company is the leading simulation provider globally with both depth and breadth in […]

Thomson Reuters’ Investor Meeting Takeaways

RBC Capital analysts provided their key takeaways from Thomson Reuters Corporation (NYSE:TRI) investor meeting, noting they view the company as a high-quality core holding with both growth and defensive attributes. The analysts believe the company has the ability to deliver average annual total returns of approximately 10–15% over the longer term and has entered a […]

Salesforce Investor Day Review, Shares Up 2 percent

Oppenheimer analysts provided their key takeaways from Salesforce, Inc. (NYSE:CRM) Investor Meeting, where the company reaffirmed its $50 billion revenue target in 2026. Shares were trading more than 2% higher Thursday afternoon. According to the analysts, the most meaningful comment was management guiding to a strong medium-term operating margin. Salesforce’s CFO Amy Weaver presented a […]

W.W. Grainger’s Investor Day Review

RBC Capital analysts provided their views on W.W. Grainger, Inc. (NYSE:GWW) following the company’s Investor Day, where it reaffirmed 2022 guidance and set ambitious 2025 targets. Demand in Q3 remains resilient, as the company disclosed sales through mid-Sept were up 17%, and up 20% ex-FX. The company reaffirmed its 2022 guidance including sales of $15.0-$15.2 […]

CarMax’s Upcoming Q2 Earnings Preview

RBC Capital analysts provided their outlook on CarMax, Inc. (NYSE:KMX) ahead of the upcoming Q2 earnings announcement. While the analysts continue to believe in the company’s long-term share gain opportunity, they believe industry data and peer read-throughs continue to point to a deteriorating macro backdrop. RBC Capital’s bias skews to the downside on both used […]

The Chemours Company Shares Down 4 percent on Updated Guidance

The Chemours Company (NYSE:CC) shares were trading more than 4% lower Thursday afternoon following the company’s updated guidance announcement. Full 2022-year EBITDA guidance was lowered to a range of $1.40-$1.45 billion, down from the previous range of $1.475-$1.575 billion. Furthermore, the company revised its free cash flow guidance to around $575 million, down from $600 […]

Tesla recalls more than one million cars to update window safety software

Tesla has recalled more than a million vehicles in the nation after it was found that the automatic reversal system in its windows might not react properly and this could lead to injuries. The windows can possibly pinch a person’s fingers, when it’s rolled up. The electric vehicle manufacturer told the National Highway Traffic Safety […]

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