• WDC

Western Digital Q1 earnings top estimates as cloud revenue jumps on storage demand

Western Digital exceeded Q4 earnings expectations, reporting $1.78 EPS on $1.10 billion revenue. Cloud revenue surged 153%. Future guidance shows expected revenue of $4.20-$4.40 billion.

• WDC

Western Digital earnings beat by $0.07, revenue fell short of estimates

Western Digital's Q1 earnings exceeded EPS estimates but fell slightly short on revenue. Q2 guidance is optimistic, with stock performing well over the past year.

• AJG
• CARR
• COF
• DECK
• DLR
• DOW
• DXCM
• EW
• HIG
• KDP
• LH
• NDAQ
• RMD
• SPGI
• TSCO
• UHS
• UNP
• UPS
• VLO
• WDC

Union Pacific, Dow Chemical, UPS lead earnings parade Thursday

A summary of companies reporting earnings on October 24, 2024, including estimates for EPS and revenue for various industry leaders.

• 1YMZ24
• ASML
• BA
• CL
• ESZ24
• GD
• IBM
• LCO
• LHX
• LMT
• LRCX
• NOC
• NQZ24
• RTX
• T
• TMUS
• TSLA
• TSM
• TXN
• VZ
• WDC

Stock market today: S&P 500 slips as Treasury yields jump; tech earnings eyed

• WDC

Western Digital owes $315.7 million for infringing data security patent, US jury says

Western Digital must pay $315.7 million for patent infringement involving self-encrypting hard drives, with plans to appeal the jury's decision.

• LVS
• WDC
• WYNN

How to handle a potential Chinese 'bazooka'

Investors are preparing for possible aggressive stimulus from China, with Barclays suggesting strategies in oil, industrials, and U.S. stocks sensitive to Chinese demand.

• 1YMZ24
• AMAT
• MU
• NQZ24
• NVDA
• WDC

US stock futures rise as tech tracks Micron rally; Powell speech awaited

U.S. stock futures rose post-Micron's strong earnings; market awaits Fed Chair Powell's speech. Wall Street indexes near record highs amid cautious outlook on rates.

• AMAT
• AMD
• FUL
• LRCX
• MU
• NVDA
• WDC

After-hours movers: Micron, H.B. Fuller, Concentrix, and more

Micron Technology surged 12% after strong results, benefiting peers like NVIDIA and AMD, while H.B. Fuller, Jefferies, and Concentrix experienced declines due to disappointing forecasts.

• DELL
• INTC
• TSM
• WDC

Intel should exit the foundry business, Citi says

Intel updates on cost-saving, manufacturing strategy, and foundry revenue expectations. Analysts maintain a Neutral rating amid sluggish PC market and challenges in foundry business.

• AAPL
• AMZN
• APA
• AXP
• CL
• CRM
• DJI
• DXY
• EUR/USD
• GC
• IBM
• INTC
• IXIC
• LCO
• SMCI
• TSLA
• ULTA
• US500
• USD/JPY
• VIX
• WDC

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.55%

U.S. stocks rose Friday, led by Consumer Services and Industrials, with Intel and Amazon as top gainers while Salesforce and Apple lagged.