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Lam Research (LRCX) Q3 Earnings & Revenues Beat Estimates Zacks.com 2 hrs ago Lam Research Corporation LRCX reported third-quarter fiscal 2021 non-GAAP earnings of $7.49 per share, which surpassed the Zacks Consensus Estimate of $6.56. Also, the figure increased 24.2% sequentially. Popular Searches Adjusted revenues increased 11.3% sequentially and 53.7% year over year to $3.85 billion. The reported revenues also outpaced the Zacks Consensus Estimate by 4.01%. The year-over-year growth was driven by increased investments across varied sectors such as data centers, smartphones, personal comp...

Alaska Air (ALK) Q1 Loss Narrower than Expected, Revenues Beat Zacks.com 8 hrs ago Alaska Air Group ALK, the parent company of Alaska Airlines, incurred a loss (excluding $2.46 from non-recurring items) of $3.51 per share, narrower than the Zacks Consensus Estimate of a loss of $3.71. In the year-ago quarter, the company incurred a loss of 82 cents. Results were hurt by significant decline in passenger revenues as coronavirus keeps air-travel demand suppressed. Revenues at Alaska Air came in at $797 million, surpassing the Zacks Consensus Estimate of $787.1 million. The top line, however, d...

Why Earnings Season Could Be Great for KKR Real Estate Finance Trust (KREF) Zacks.com 10 hrs ago Investors are always looking for stocks that are poised to beat at earnings season and KKR Real Estate Finance Trust Inc. KREF may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because KKR Real Estate Finance Trust is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most u...

Huawei Will be Launching 6G by 2030 and It Will Be 50 Times Faster Than 5G Apr 14, 2021 14:49 EDT Huawei's chairman Xu Zhijun has announced on Monday that the company will launch its 6G networks sometime in 2030, and according to the chairman, it will be 50 times faster than 5G. This certainly comes as a surprise as we see 5G slowly growing and becoming more and more popular as time goes on. Xu has made these remarks at Huawei's global analyst conference in Shenzen, south China's Guandong Province. For Huawei, communication has always been one of their biggest strengths. Their 5G is alre...

These Are the Best Performing S&P 500 Energy Stocks of Q1 Zacks.com 1 hr ago Last quarter was a good one for U.S. equities. The S&P 500 was up 5.8%, while the Dow and the Nasdaq gained about 7.8% and 2.8%, respectively. In particular, the S&P 500 — regarded as one of the finest reflections of the stock market as a whole — not only rose for the fourth time in as many quarters but also notched all-time closing highs on a few occasions. Popular Searches Energy Was the Preferred Sector On the sectoral front, it was energy that topped the S&P standings for the three months ended in March wit...