Reaction To Tesla And Netflix Earnings, Warning From Biggest Chip Manufacturer
Portfolio Pulse from The Arora Report
Tesla, IBM, and Netflix have released their earnings reports. Tesla's earnings beat expectations due to a large non-operating gain, but its free cash flow was below consensus. Most analysts are upgrading Tesla stock based on these earnings. Netflix's stock is falling as Q3 revenue projections are below consensus. IBM's earnings were in line with whisper numbers. Taiwan Semiconductor Mfg. Co. Ltd. (TSM) is guiding Q3 revenue of $16.7B - $17.5B vs. $17.68B consensus, which could indicate weaker demand for semiconductors.
July 20, 2023 | 3:02 pm
News sentiment analysis
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NEGATIVE IMPACT
Netflix's stock is falling as Q3 revenue projections are below consensus.
Netflix's lower than expected Q3 revenue projections could lead to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TSM is guiding Q3 revenue of $16.7B - $17.5B vs. $17.68B consensus, which could indicate weaker demand for semiconductors.
TSM's lower than expected Q3 revenue guidance could lead to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
IBM's earnings were in line with whisper numbers.
IBM's earnings being in line with whisper numbers is unlikely to have a significant short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Tesla's earnings beat expectations due to a large non-operating gain, but its free cash flow was below consensus. Most analysts are upgrading Tesla stock based on these earnings.
Tesla's earnings beat could lead to a short-term increase in its stock price. However, the lower than expected free cash flow could be a concern for some investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100