The quarterly earnings season puts three companies in the spotlight.
Cisco Systems (CSCO) might dip by over 5% after it posted second-quarter results. It earned $1.04 a share on revenue of $15.35 billion (+9.7% Y/Y). For Q3, Cisco expects an EPS of up to $0.77 (GAAP), or $1.02 - $1.04 non-GAAP.
Cisco is on top of its game. The revenue guidance of $61.2 billion to $61.7 billion is above consensus.
In the restaurant sector, McDonald’s (MCD) reaffirmed its strong performance. It earned $3.12 (non-GAAP) as revenue rose by 9.5% Y/Y to $7 billion. The trend for consumers to take obesity drugs is not hurting the core business.
AppLovin (APP), an advertising platform, earned $3.24 in a GAAP measure. Revenue jumped by 66% Y/Y to $1.658 billion. In the first quarter, the firm is forecasting revenue of $1.745 billion to $1.775 billion.
AppLovin maximized shareholder returns by buying back $481 million worth of shares in Q4. It spent $2.58 billion last year.
APP stock is attractive. Topline and bottom-line growth are solid.
Today, Applied Materials (AMAT), Vertex Pharmaceuticals (VRTX), Howmet Aerospace (HWM), and Arista Networks (ANET) will post results. Watch the post-earnings reaction.
