Shares of the optical networking companies have soared this year.
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U.S. stocks are outpacing their global rivals, with tech leading the charge. But worries about the war in Iran still linger.
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The company raised its full-year earnings forecast to $6.05 per share and revenue guidance to $7.14 billion to $7.20 billion.
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Solstice Advanced Materials reported earnings per share of 63 cents, a penny better than Wall Street estimates.
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The stock stands to double from current prices, even if a clear entry point is elusive.
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The company reported first-quarter earnings per share of 55 cents from sales of $1.7 billion. Wall Street was looking for earnings per share of 48 cents from sales of $1.7 billion.
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Eaton reported first-quarter earnings per share of $2.81 from sales of $7.5 billion, up 17% year over year. Wall Street was looking for earnings per share of $2.73 from sales of $7.1 billion.
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Lately, several stocks have been punished despite putting up impressive quarterly numbers.
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Tech stocks are set for another round of gains even as tensions in the U.S. war with Iran continue to intensify.
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Elon Musk settles over Twitter stock disclosures, Palantir beats expectations, Trump’s tariff risks persist, and more news to start your day.
Long Read
HSBC downgrades Advanced Micro Devices stock to Hold from Buy in a research note ahead of the company’s earnings report Tuesday.
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The conglomerate’s stock is down 6% this year, with the Class A shares finishing Friday trailing the S&P 500 by 11 percentage points.
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Watch U.S. macro in Powell’s likely last week as Fed Chair, and more news to start your day.
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The firm excels at rapidly creating custom parts for customers.
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Baird analyst Mig Dobre put a fresh bullish pick on Cat stock and raised his price target to a Street-high $1,165 a share.
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Intel cracked $100 a share for the first time on Friday.
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The Iran war has disrupted the global fertilizer market. Barron’s sizes up where these agricultural stocks could be headed next.
Long Read
Artificial-intelligence stocks like Intel, Sandisk, and Seagate led the S&P 500 in April, while a motley crew of underperformers bring up the rear.
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Cat reported first-quarter earnings per share of $5.54, well above analysts’ estimate of $4.65.
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Tesla tweets a picture of its first semi truck built on its high volume assembly line.
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Thursday, XPO reported first-quarter earnings per share of $1.01 from sales of $2.1 billion. Wall Street was looking for earnings per share of 88 cents from sales of $2 billion.
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Airbus reported a first-quarter operating profit of €300 million. Wall Street was looking for about €345 million.
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Teradyne delivered a strong quarter. The stock is plunging. What gives?
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Consumers looking for an affordable new car have something else to worry about now.
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The glassmaker reports better-than-expected earnings and revenue for the first quarter.
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