Ticker delayed 20 minutes
Avg Daily Volume: 33,257,963 Market Cap: 231.7B
Sector: Technology Short Interest: 1.11
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 1.28/share REV: 18,70/M
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LAST QTR: EPS: 1.25/share ACTUAL: 1.52/share (BEAT)
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NEXT QTR: EPS: 1.19/share REV: 17,970/M
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FULL YR: EPS: 4.83/share REV: 22,440/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 75% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 9.42, 8.38, 2.53
EXPECTED JUMP MOVE: 8-10%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
ASML’s earnings shocker took down much of the semiconductor sector this week, but the Dutch company’s own stock was hit hardest. While catching a falling knife is always a dangerous business, Wall Street analysts see reason to believe the drop went too far. ASML shares plummeted 16% on Tuesday after the company lowered its 2025 outlook, citing a slow recovery in some areas of the chip market.
Chip maker TSMC posted an earnings beat on Thursday, reassuring investors who were worried that the AI boom could be about to fizzle out.
Taiwan Semiconductor Manufacturing Company’s blowout third quarter earnings and optimism over AI demand boosted chip stocks Thursday.
Taiwan Semiconductor Manufacturing Company (TSM) leads chip stocks higher after reporting better-than-expected third quarter results and raising its 2025 sales forecast. The earnings beat seemed to reassure investors’ confidence in artificial intelligence (AI) after ASML Holding (ASML) trimmed its guidance, sending semiconductor stocks lower. TECHnalysis Research president and chief analyst Bob O’Donnell joins Seana Smith and Brad Smith on Morning Brief to discuss his view that TSMC’s earnings beat is more indicative of the AI chip market than ASML’s weakness. O’Donnell tells Yahoo Finance that ASML’s outlook cut “increasingly is going to look like this unusual blip for the semiconductor industry in general.” He explains that issues in the China region and challenges with Intel (INTC) and Samsung (005930.KS) contributed to ASML trimming its guidance, emphasizing that “it’s not an overall industry thing.” “TSMC is [a] much better bellwether of where things are going,” the analyst says. “Bottom line, we saw not only the huge beat and then the raise [but also] the discussion even into next year,” indicating demand strength that is expected to continue being strong. “Clearly, I think the people are having a hard time accepting it, but look, this AI thing is real. The demand is real. It’s continuing. And there’s a lot of opportunity moving forward.” He adds, “TSMC is just extraordinarily well-positioned, and that’s why there’s so much focus on them because what happens there really drives the vast majority, especially, of the high-end semiconductor market that we’re seeing for AI.” To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.
Qualcomm appears to be treading in the middle of the road and investors could be better off if they trade with caution.
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