Microsoft Falls Despite Beating Quarterly Estimates
Microsoft topped analysts fiscal third quarter earnings and revenue expectations.
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Shares of Microsoft (
MSFT) - Get Report were falling Tuesday after the tech giant reported its fiscal third-quarter results.
The Redmond, Washington software giant reported fiscal third-quarter earnings of $1.95 per share on revenue of $41.7 billion. Analysts were expecting earnings of $1.77 per share on revenue of $40.83 billion.
Follow TheStreet s live blog of Microsoft s earnings.
However, Microsoft shares were down 3.4% to $252.96 after hours on Tuesday. They are up 13.7% year to date, versus a gain of 11.5% for the S&P 500 over the same time period.
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Apple (
AAPL) - Get Report unveiled sweeping plans on Monday to invest more than $430 billion in the U.S. and create more than 20,000 new jobs over the next five years as part of its push to be less reliant on global chains.
The Cupertino, Calif.-based tech giant said it plans to accelerate its U.S. investments by growing its teams and adding to its production and infrastructure focused on next-generation silicon development and 5G innovation across nine U.S. states, including California, Colorado, Massachusetts, Texas, Washington and Iowa.
It also is spending more than $1 billion to create a new East Coast campus in North Carolina. The commitment is roughly 20% higher than the company’s original five-year goal of $350 billion that it set in 2018, Apple said in a statement.
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Apple (
AAPL) - Get Report reportedly is preparing a major revamp of its mobile software that will include an upgrade to how users handle notifications, a redesigned iPad home screen, an updated lock screen, and additional privacy protections for its flagship devices.
Citing people with knowledge of the matter, Bloomberg reported Thursday that the in-development changes are planned to be included in major iOS 15 and iPadOS 15 software updates for the iPhone and iPad.
Cupertino, California-based Apple will announce the software updates - codenamed Sky - at its upcoming Worldwide Developers Conference beginning June 7, according to Bloomberg.
The iPad line, which gained new iPad Pro models earlier this week, will also see software changes, including a more flexible way to add widgets - miniature apps that can display the weather, appointments, and other data - anywhere on the home screen. Users will also be able to replace the entire app grid with only widgets.
Semiconductor Watchlist: Nvidia Challenges Intel and AMD
See buy or sell recommendations for Qualcomm, Nxp, Broadcom, Taiwan Semiconductor, and more semiconductor stocks.
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Apr 15, 2021 9:06 AM EDT
The semiconductor sector remained hot in the first quarter of 2021, returning more than 12% and positioning itself among the market s leaders.
The rally could continue well into the summer, wrote David Dierking of ETFFocus on TheStreet. If you were on the wrong side of the semiconductor trade in Q1 and you held the Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS) throughout, you would have lost more than 45%, he added.
However, the recent semiconductor chip storage made some waves in the sector. President Joe Biden hosted a semiconductor summit at the White House Monday to discuss the shortage impacting many industries, including the auto industry.
Cisco and National Football League Unveil Tech-Service Venture
Cisco and the NFL will work together to update the fan experience in anticipation of patrons filling live events to capacity by the fall.
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Cisco (
CSCO) - Get Report, the telecom-equipment giant, on Tuesday unveiled an official technology partnership with the National Football League.
The San Jose, Calif., connectivity and infrastructure company will collaborate with the NFL to bring high-connectivity-replay, sideline-communication, safety and security services to all 30 NFL venues in the U.S., media reports say.
The NFL is working at a limited capacity amid the pandemic, with services including food delivery, ticketing, instant replay and real-time gambling being provided at a premium, media reports say.