{"id":73519,"date":"2024-01-30T09:02:44","date_gmt":"2024-01-30T14:02:44","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=73519"},"modified":"2024-01-30T09:02:44","modified_gmt":"2024-01-30T14:02:44","slug":"coffee-with-greta-gearing-up-for-big-tech","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/01\/30\/coffee-with-greta-gearing-up-for-big-tech\/","title":{"rendered":"Coffee With Greta: Gearing Up For Big Tech"},"content":{"rendered":"

DJIA Futures: <\/b>-89 (-0.2%)<\/span><\/p>\n

SPX Futures: <\/b>-11 (-0.2%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-46 (-0.3%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are slipping as traders gear up for the start of big tech earnings this afternoon.\u00a0<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

SMCI Surges After Earnings<\/span><\/h2>\n

Super Micro Computer <\/b>(SMCI) shares are rallying 11.5% ahead of the open after crushing fiscal Q2 results and hiking its full-year outlook.\u00a0<\/span><\/p>\n

Here\u2019s how the server and computer products maker\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • Adjusted EPS: $5.59 vs $5.05 expected<\/span><\/li>\n
  • Revenue: $3.66 billion vs $2.8 billion expected<\/span><\/li>\n<\/ul>\n

    Those results were even better than what the company pre-announced last week.<\/p>\n

    For the fiscal third quarter, SMCI expects adjusted EPS of $5.20 to $6.01 on revenue of $3.7 billion to $4.1 billion.<\/span><\/p>\n

    That sharply beat analysts\u2019 estimates of $4.61 in adjusted EPS on $2.9 billion in revenue.\u00a0<\/span><\/p>\n

    The company also raised its full-year forecast to between $14.3 billion and $14.7 billion vs its previous outlook for $10 billion to $11 billion.\u00a0<\/span><\/p>\n

    General Motors Jumps On Earnings Beat, Strong Outlook<\/span><\/h2>\n

    General Motors <\/b>(GM) shares are up 7.4% in premarket trade after beating Q4 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

    Here\u2019s how the automaker\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Adjusted EPS: $1.24 vs $1.16 expected<\/span><\/li>\n
    • Revenue: $42.98 billion vs $38.67 billion expected<\/span><\/li>\n<\/ul>\n

      GM\u2019s full-year 2023 revenue rose 10% from 2022 and the company forecast another strong year in 2024.\u00a0<\/span><\/p>\n

      The CFO said, \u201cAs we begin 2024, I believe GM is well positioned for another year of strong financial performance.\u201d<\/span><\/p>\n

      GM expects full-year 2024 adjusted EPS of $8.50 to $9.50 and adjusted automotive free cash flow of $8 billion to $10 billion.\u00a0<\/span><\/p>\n

      Pfizer Tops Earnings Estimates<\/span><\/h2>\n

      Pfizer <\/b>(PFE) shares are up 0.6% ahead of the open after reporting a surprise profit in the fourth quarter.\u00a0<\/span><\/p>\n

      Here\u2019s how the pharmaceutical giant\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

        \n
      • Adjusted EPS: $0.10 vs $0.22 loss per share expected<\/span><\/li>\n
      • Revenue: $14.25 billion vs $14.42 billion expected<\/span><\/li>\n<\/ul>\n

        Revenue dropped 10% year over year as Covid product sales plunged.\u00a0<\/span><\/p>\n

        Pfizer\u2019s Covid vaccine and Paxlovid treatment brought in $12.5 billion in total revenue in 2023, down 78% from 2022.\u00a0<\/span><\/p>\n

        Excluding Covid products, Pfizer\u2019s Q4 revenue grew 8%.\u00a0<\/span><\/p>\n

        The company reiterated its 2024 forecast for adjusted EPS of $2.05 to $2.25 on $58.5 billion to $61.5 billion in revenue.\u00a0<\/span><\/p>\n

        UPS Sinks After Revenue Miss, Weak Outlook<\/span><\/h2>\n

        United Parcel Service <\/b>(UPS) shares are falling 5.6% in premarket trade after missing Q4 revenue expectations and issuing weak guidance.\u00a0<\/span><\/p>\n

        Here\u2019s how the shipping giant\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

          \n
        • Adjusted EPS: $2.47 vs $2.46 expected<\/span><\/li>\n
        • Revenue: $24.92 billion vs $25.40 billion expected<\/span><\/li>\n<\/ul>\n

          Revenue was down 7.8% year over year and missed forecasts for the sixth straight quarter.\u00a0<\/span><\/p>\n

          Domestic package revenue dropped 7.3% to $16.92 billion vs $17.39 billion expected.\u00a0<\/span><\/p>\n

          International package revenue declined 6.9% to $4.61 billion vs $4.64 billion expected.\u00a0<\/span><\/p>\n

          UPS did raise its quarterly dividend to $1.63 per share, implying a 4.13% yield based on Monday\u2019s closing price.\u00a0<\/span><\/p>\n

          The company forecast 2024 revenue of $92 billion to $94.5 billion vs $95.51 billion expected.\u00a0<\/span><\/p>\n

          UPS also announced it will layoff 12,000 employees as part of cost-cutting efforts this year.\u00a0<\/span><\/p>\n

          The CEO said those cuts will save the company about $1 billion in costs.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

          DJIA Futures: -89 (-0.2%) SPX Futures: -11 (-0.2%) NASDAQ Futures: -46 (-0.3%) Good morning friends! Futures are slipping as traders gear up for the start of big tech earnings this afternoon.\u00a0 Let\u2019s get right to it! SMCI Surges After Earnings Super Micro Computer (SMCI) shares are rallying 11.5% ahead of the open after crushing fiscal Q2 results and hiking its full-year outlook.\u00a0 Here\u2019s how the server and computer products maker\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $5.59 vs $5.05 expected Revenue: $3.66 billion vs $2.8 billion expected Those results were even better than what the company pre-announced last week. For the fiscal third quarter, SMCI expects adjusted EPS of $5.20 to $6.01 on revenue of $3.7 billion to $4.1 billion. That sharply beat analysts\u2019 estimates of $4.61 in adjusted EPS on $2.9 billion in revenue.\u00a0 The company also raised its full-year forecast to between $14.3 billion and $14.7 billion vs its previous outlook for $10 billion to $11 billion.\u00a0 General Motors Jumps On Earnings Beat, Strong Outlook General Motors (GM) shares are up 7.4% in premarket trade after beating Q4 expectations on the top and bottom line.\u00a0 Here\u2019s how the automaker\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $1.24 vs $1.16 expected Revenue: $42.98 billion vs $38.67 billion expected GM\u2019s full-year 2023 revenue rose 10% from 2022 and the company forecast another strong year in 2024.\u00a0 The CFO said, \u201cAs we begin 2024, I believe GM is well positioned for another year of strong financial performance.\u201d GM expects full-year 2024 adjusted EPS of $8.50 to $9.50 and adjusted automotive free cash flow of $8 billion to $10 billion.\u00a0 Pfizer Tops Earnings Estimates Pfizer (PFE) shares are up 0.6% ahead of the open after reporting a surprise profit in the fourth quarter.\u00a0 Here\u2019s how the pharmaceutical giant\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.10 vs $0.22 loss per share expected Revenue: $14.25 billion vs $14.42 billion expected Revenue dropped 10% year over year as Covid product sales plunged.\u00a0 Pfizer\u2019s Covid vaccine and Paxlovid treatment brought in $12.5 billion in total revenue in 2023, down 78% from 2022.\u00a0 Excluding Covid products, Pfizer\u2019s Q4 revenue grew 8%.\u00a0 The company reiterated its 2024 forecast for adjusted EPS of $2.05 to $2.25 on $58.5 billion to $61.5 billion in revenue.\u00a0 UPS Sinks After Revenue Miss, Weak Outlook United Parcel Service (UPS) shares are falling 5.6% in premarket trade after missing Q4 revenue expectations and issuing weak guidance.\u00a0 Here\u2019s how the shipping giant\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $2.47 vs $2.46 expected Revenue: $24.92 billion vs $25.40 billion expected Revenue was down 7.8% year over year and missed forecasts for the sixth straight quarter.\u00a0 Domestic package revenue dropped 7.3% to $16.92 billion vs $17.39 billion expected.\u00a0 International package revenue declined 6.9% to $4.61 billion vs $4.64 billion expected.\u00a0 UPS did raise its quarterly dividend to $1.63 per share, implying a 4.13% yield based on Monday\u2019s closing price.\u00a0 The company forecast 2024 revenue of $92 billion to $94.5 billion vs $95.51 billion expected.\u00a0 UPS also announced it will layoff 12,000 employees as part of cost-cutting efforts this year.\u00a0 The CEO said those cuts will save the company about $1 billion in costs.\u00a0<\/p>\n","protected":false},"author":41,"featured_media":73523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-73519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=73519"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73519\/revisions"}],"predecessor-version":[{"id":73524,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73519\/revisions\/73524"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/73523"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=73519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=73519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=73519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}