After keeping a bullish trend the entire 2021 fiscal year, Nvidia shares look like it’ll be able to carry this trend over to 2022.
Analog Devices reported $1.94 in the first quarter, beating analyst estimates by about 17 cents.
ViacomCBS stock dropped by 20% after fourth-quarter financial results came below analyst estimates.
Nvidia shares surge after solid fourth-quarter financials
After keeping a bullish trend the entire 2021 fiscal year, Nvidia shares look like it’ll be able to carry this trend over to 2022. The company stock has grown by 2% over the past five days. Nvidia Corp is an American-based multinational tech corporation that develops and designs GPUs (graphic processing units) for professional and gaming markets.
The company is incorporated in Delaware, but it’s based in Santa Clara. The ever-increasing interest in personal computers will ensure this bullish trend will continue for a while.
Analog Device beats first-quarter EPS
Analog Devices, a high-performance, top-in-class analog tech corporation, reported $1.94 in the first quarter, beating analyst estimates by about 17 cents. In addition, it also reported $2.88 billion in revenue in the same quarter, topping consensus estimates in this category as well. In addition, analogue reported $2.78 billion free cash flow and $3.16 billion operating cash flow.
The company also announced its dividend grew by 10%. This is only the 19th time it has seen an increase in this space for the last 18 years.
Upstart stock surges by 25% after financials announcement
Upstart Holdings, a top AI lending corporation, stock increased by 25% after it announced its financial results for 2021. The company recorded a fourth-quarter EPS of $0.89. This topped analyst estimates by about 38 cents. In addition, the company also topped the $263.8 million fourth-quarter revenue estimate coming in at $304 million, representing a 252% increase.
The company’s bank partnerships facilitated more than 495,000 loans, totaling about $4.1 billion, representing a 301% year-over-year growth. It reported $68.9 million GAAP net income, one million dollars more than they did in the previous fiscal year.
ViacomCBS plummets by 20% after the fourth-quarter finacial report
ViacomCBS stock dropped by 20% after fourth-quarter financial results came below analyst estimates. The huge mass media corporation also changed its name to “Paramount Global”. It also improved its streaming strategy. Jim Lebenthal of Verity Partners believes Paramount Global is growing faster than Netflix.