The likes of which are likely thanks to the latest update on consumer spending which soared by a whopping 3.8% in January.
Evidently, the notes state, “participants generally noted that current economic and financial conditions would likely warrant a faster pace of balance sheet runoff than during the period of balance sheet reduction from 2017 to 2019.” Despite all of this, the more apparent factor for investors to consider now would be earnings.
Following the company’s latest quarterly earnings report, DASH stock is currently trading higher by over 25% in pre-market hours today.
Overall, the company cites strong demand for its core Marketplace service throughout the fiscal year as a growth driver.
Moreover, DoorDash also notes that it will be focusing on its current “areas of strength.” The company hopes to drive further sales for its merchants by doing so.
In brief, the semiconductor titan posted stellar figures across the board in its fourth-quarter earnings call after yesterday’s closing bell.
Not to mention, Nvidia’s data center-focused division raked in a total revenue of $3.26 billion, a 71% year-over-year surge.
Huang states, “NVIDIA is propelling advances in AI, digital biology, climate sciences, gaming, creative design, autonomous vehicles, and robotics – some of today’s most impactful fields.” That’s not all, the company also seems to be confident of its prospects for the first quarter of 2022.
In other tech-related earnings news, Cisco appears to be on the rise as well this earnings season.
Without going into too much detail, these three divisions posted revenue of $5.9 billion, $1.32 billion, and $1.07 billion respectively.
Should this be the case, it would represent a year-over-year gain of 37.6% for revenue but a staggering 91.8% year-over-year decline for earnings per share.
More importantly, investors may want to keep an eye on Roku’s core metrics instead of just earnings.
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