Apple said its December-quarter gross margin would be 45% to 46%, below the 46.3% analysts expected, because memory costs are higher. The Nasdaq rose as chip stocks rebounded, but that market move does not change Apple's lower margin forecast.
Higher memory costs could leave Apple with less profit from each sale. The article also says the Nasdaq rose as chip shares rebounded, but that market move does not change Apple's lower margin forecast.
Aehr Test Systems reported first-quarter results above expectations and raised its FY27 sales forecast above estimates. Those results and the higher forecast point to stronger business prospects.
Pfizer reported upbeat third-quarter results, which supports a more favorable view of its business. The story gives no details about those results, so their size is unknown.
The story says McDonald's results were due that day, but reports no results or new company details. It gives no reason to change the view of McDonald's business.
The story says Uber's results were due that day, but reports no results or new company details. It gives no reason to change the view of Uber's business.
The story says Qualcomm's results were due that day, but reports no results or new company details. It gives no reason to change the view of Qualcomm's business.
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