NetApp Inc. (NASDAQ: NTAP) reported better-than-expected earnings for the first quarter of 2020 while revenues came in line with estimates. Shares gained over 5% in aftermarket hours on Wednesday. Total revenue dropped to $1.24 billion from $1.47 billion in the same period last year, but were in line with expectations. Last year’s results included $90…
Network gear maker Cisco Systems (NASDAQ: CSCO) Wednesday said its fourth-quarter earnings increased from last year on broad-based revenue growth. Earnings also exceeded expectations. Meanwhile, the stock dropped sharply in the after-hours session as the company’s first-quarter guidance fell short of expectations. The San Jose, California-based tech firm reported a 6% growth in fourth-quarter revenues…
Weibo Corp. (NASDAQ: WB) is scheduled to report second quarter 2019 earnings results on Monday, August 19, before market open. Analysts expect the company to report earnings of $0.56 per share on revenue of $429 million. The majority of Weibo’s revenues come from advertising. The company has posted double-digit growth in advertising revenues in past…
Tapestry (NYSE: TPR), a retailer of luxury accessories and lifestyle brands, will be publishing its fourth-quarter numbers Thursday before the opening bell, after reporting mixed results for the previous quarter. Since the company is on a transformation path, the market will be following the event closely. Estimates Analysts’ consensus earnings estimate is $0.61 per share,…
Baidu Inc. (NASDAQ: BIDU) is set to release its second-quarter earnings results on Monday, August 19 after the market closes. The results will be hurt by expenses related to the investments in non-core areas including cloud, artificial intelligence, and content due to the slowdown in the search service business in the Chinese market. The company…
Following the earnings announcements of US-listed Chinese firms including JD.com (NASDAQ: JD), Tencent Music (NYSE: TME), Gogo (NASDAQ: GOGO) and Luckin Coffee (NASDAQ: LK), fintech firm Qudian (NYSE: QD) is set to post quarterly results on Friday, August 16, before the regular trading hours. Notably, Qudian is one of the few US-listed Chinese firms that…
iQIYI (NASDAQ: IQ) subscriber base touched 100 million mark in June aided by growing subscriber base and demand for quality content at an affordable price in China. However, the streaming giant has been facing multiple headwinds like the trade war between the US and China, economic slowdown, muted advertising sales along with increased costs dragging…
Bio-Path Holdings (NASDAQ: BPTH) is expected to continue incurring significant operating losses in the second quarter. Also, the losses are likely to increase substantially as the biotech company expand its drug development programs and commercialization efforts. The company is set to release its second-quarter earnings results on Thursday before the bell. The company had an…
CorMedix (NYSE: CRMD) reported mixed second quarter results after the bell. Revenue failed to beat estimates, while earnings came in better-than-expected. Last month, the biopharma firm reported that it has completed the Phase 3 trials for LOCK-IT-100 and is encouraged by the response from the US Food and Drug Administration (FDA).  Revenue improved to $35,266…
Tilray (NASDAQ: TLRY) reported a loss of 32 cents per share in the second quarter, more than double what it reported last year, as rising operating expenses continue to weigh on its bottom-line. This was wider than analysts’ projection of a loss of 25 cents per share. Revenue came in at $45.9 million, up 371%…