RESEARCH TRIANGLE PARK – It’s been a busy week for public corporations this week on Wall Road releasing quarterly earnings stories. Right here’s an replace on eight completely different corporations.
DURHAM – Wolfspeed, Inc. (WOLF) on Wednesday reported a lack of $66.5 million in its fiscal third quarter.
On a per-share foundation, the Durham-based firm mentioned it had a lack of 54 cents. Losses, adjusted for one-time features and prices, had been 12 cents per share.
The outcomes surpassed Wall Road expectations. The typical estimate of seven analysts surveyed by Zacks Funding Analysis was for a lack of 14 cents per share.
The maker of energy-efficient lighting posted income of $188 million within the interval, lacking Road forecasts. 5 analysts surveyed by Zacks anticipated $190.4 million.
For the present quarter ending in June, Wolfspeed expects its outcomes to vary from a lack of 13 cents per share to a lack of 7 cents per share.
The corporate mentioned it expects income within the vary of $200 million to $215 million for the fiscal fourth quarter.
GREENSBORO – Qorvo Inc. (QRVO) on Wednesday reported fiscal fourth-quarter internet revenue of $212.3 million.
On a per-share foundation, the Greensboro, North Carolina-based firm mentioned it had internet revenue of $1.95. Earnings, adjusted for non-recurring prices and amortization prices, got here to $3.12 per share.
The outcomes topped Wall Road expectations. The typical estimate of six analysts surveyed by Zacks Funding Analysis was for earnings of $2.94 per share.
The chipmaker posted income of $1.17 billion within the interval, additionally beating Road forecasts. 5 analysts surveyed by Zacks anticipated $1.15 billion.
For the yr, the corporate reported revenue of $1.03 billion, or $9.26 per share. Income was reported as $4.65 billion.
For the present quarter ending in July, Qorvo expects its per-share earnings to vary from $2 to $2.25.
The corporate mentioned it expects income within the vary of $1 billion to $1.05 billion for the fiscal first quarter.
CHARLOTTE – Tree.com Inc. (TREE) on Thursday reported a lack of $10.8 million in its first quarter.
The Charlotte, North Carolina-based firm mentioned it had a lack of 84 cents per share. Earnings, adjusted for inventory possibility expense and non-recurring prices, got here to 46 cents per share.
The outcomes surpassed Wall Road expectations. The typical estimate of 4 analysts surveyed by Zacks Funding Analysis was for earnings of 10 cents per share.
The mortgage lending service supplier posted income of $283.2 million within the interval, falling wanting Road forecasts. 4 analysts surveyed by Zacks anticipated $285.4 million.
For the present quarter ending in July, Tree.com mentioned it expects income within the vary of $283 million to $293 million.
The corporate expects full-year income within the vary of $1.15 billion to $1.19 billion.
HICKORY – CommScope Holding Co. (COMM) on Thursday reported a lack of $139.9 million in its first quarter.
On a per-share foundation, the Hickory, North Carolina-based firm mentioned it had a lack of 75 cents. Earnings, adjusted for amortization prices and non-recurring prices, got here to 26 cents per share.
The outcomes exceeded Wall Road expectations. The typical estimate of seven analysts surveyed by Zacks Funding Analysis was for earnings of 23 cents per share.
The wi-fi and broadband community expertise firm posted income of $2.23 billion within the interval, additionally exceeding Road forecasts. Six analysts surveyed by Zacks anticipated $2.1 billion.
CARY – Fathom Holdings Inc. (FTHM) on Wednesday reported a lack of $6 million in its first quarter.
The Cary, North Carolina-based firm mentioned it had a lack of 37 cents per share.
The corporate posted income of $90.1 million within the interval.
For the present quarter ending in July, Fathom Holdings mentioned it expects income within the vary of $110 million to $115 million.
DAVIDSON – Ingersoll Rand Inc. (IR) on Wednesday reported first-quarter internet revenue of $103.7 million, after reporting a loss in the identical interval a yr earlier.
The Davidson, North Carolina-based firm mentioned it had revenue of 25 cents per share. Earnings, adjusted for non-recurring prices and inventory possibility expense, had been 49 cents per share.
The outcomes exceeded Wall Road expectations. The typical estimate of 4 analysts surveyed by Zacks Funding Analysis was for earnings of 45 cents per share.
The maker of circulation management and compression tools posted income of $1.34 billion within the interval, additionally exceeding Road forecasts. 4 analysts surveyed by Zacks anticipated $1.3 billion.
CHARLOTTE – Albemarle Corp. (ALB) on Wednesday reported first-quarter internet revenue of $253.4 million.
On a per-share foundation, the Charlotte, North Carolina-based firm mentioned it had revenue of $2.15. Earnings, adjusted for non-recurring prices, had been $2.38 per share.
The outcomes surpassed Wall Road expectations. The typical estimate of eight analysts surveyed by Zacks Funding Analysis was for earnings of $1.73 per share.
The specialty chemical compounds firm posted income of $1.13 billion within the interval, additionally exceeding Road forecasts. 5 analysts surveyed by Zacks anticipated $1.04 billion.
Albemarle expects full-year earnings within the vary of $9.25 to $12.25 per share, with income within the vary of $5.2 billion to $5.6 billion.
Albemarle shares have declined roughly 8% for the reason that starting of the yr. Within the closing minutes of buying and selling on Wednesday, shares hit $215.47, a climb of 33% within the final 12 months.
CARY – Cornerstone Constructing Manufacturers, In (CNR) on Tuesday reported first-quarter internet revenue of $101.5 million, after reporting a loss in the identical interval a yr earlier.
The Cary, North Carolina-based firm mentioned it had revenue of 79 cents per share. Earnings, adjusted for one-time features and prices, had been 66 cents per share.
The maker of merchandise utilized in business buildings posted income of $1.57 billion within the interval.
