Sandisk CorpMixed forward guidance overshadowed better-than-expected Q4 numbers, shares fell about 7%.
All 16 technology companies that reported quarterly results this week delivered earnings per share that exceeded Wall Street expectations, while 15 of them also beat revenue forecasts and one missed on the top line. Among the notable names, Palantir Technologies shares surged over 29% after it raised full-year guidance on strong second-quarter results, while Advanced Micro Devices slipped despite record revenue and profitability as investors had hoped for a larger guidance increase. Sandisk fell about 7% after mixed forward guidance overshadowed better-than-expected fiscal fourth-quarter numbers.
Sandisk CorpMixed forward guidance overshadowed better-than-expected Q4 numbers, shares fell about 7%.
Applied Materials Inc
Advanced Micro Devices IncRecord revenue and profitability but investors hoped for larger guidance increase, causing shares to slip.
Coherent Inc
Palantir Technologies Inc.Raised full-year guidance on strong Q2 results, shares surged over 29%.
Cisco Systems Inc