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Qualcomm forecast beats estimates as AI revives smartphone market

Qualcomm on Wednesday forecast fiscal third-quarter sales and adjusted profit above Wall Street expectations, driven by a faster-than-expected recovery in smartphone markets thanks to artificial-intelligence features. The company has also branched out into selling chips for cars and devices such as headphones, which in the second quarter helped it beat Wall Street expectations. The company said its sales to Chinese smartphone makers have grown 40% in the first half of its fiscal year, a sign o...
San Francisco United States San Diego Noel Randewich Arsheeya Bajwa Stephen Nellis
Source: yahoo.com

PTC (NASDAQ:PTC) Exceeds Q1 Expectations But Full-Year Guidance Underwhelms

Engineering and design software provider PTC (NASDAQ:PTC) announced better-than-expected results in Q1 CY2024, with revenue up 11.2% year on year to $603.1 million. On the other hand, next quarter's revenue guidance of $532.5 million was less impressive, coming in 9.2% below analysts' estimates. It made a GAAP profit of $0.95 per share, improving from its profit of $0.53 per share in the same quarter last year.
Neil Barua Design Software Cash Flow Recurring Revenue Wall Street Free Cash Flow
Source: yahoo.com

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Mister Car Wash (NYSE:MCW) Misses Q1 Sales Targets

Conveyorized car wash service company Mister Car Wash (NYSE:MCW) fell short of analysts' expectations in Q1 CY2024, with revenue up 5.9% year on year to $239.2 million. On the other hand, the company's outlook for the full year was close to analysts' estimates with revenue guided to $1.00 billion at the midpoint. It made a non-GAAP profit of $0.08 per share, down from its profit of $0.08 per share in the same quarter last year.
United States John Lai Hotshine Holdings Specialized Consumer Services Mister Car Wash Mister Car
Source: yahoo.com

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