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First-quarter earnings of $3.46 per share fell below the FactSet consensus estimate of $3.67 in earnings per share. Alexandria Real Estate Equities — The stock advanced 1.2% after Alexandria surpassed first-quarter revenue expectations. The life sciences REIT posted revenue of $769.1 million, above the FactSet consensus estimate of $764.4 million. Packaging Corporation of America — The stock fell 1.8% in extended trading even as the maker of containerboard posted first-quarter earnings that topped estimates. Medpace — Shares dropped 4.3% after Medpace's first-quarter revenue missed estimates.
Persons: Crane, containerboard, Calix, FactSet, Simpson, Medpace, Medpace's, TrustCo, Darla Mercado Organizations: Cliffs, Cadence, Cadence Design Systems, FactSet, Globe, Crane, Alexandria Real, Packaging Corporation, America, Packaging Corp, Simpson, TrustCo Bank Corp, NY Locations: Cleveland, Alexandria, FactSet .
Calix said to expect adjusted earnings between 17 cents and 23 cents per share, while analysts surveyed by FactSet forecasted 38 cents per share. Harmonic projected earnings per share between 49 cents and 72 cents, compared to estimates of 74 cents per share. In the fourth quarter, the company posted adjusted earnings of 80 cents per share on revenue of $566.6 million. Analysts polled by FactSet anticipated earnings of 79 cents per share and $561.9 million in revenue. Graco's management also offered full-year 2024 revenue guidance of "low single-digits on an organic, constant currency basis."
Persons: Woodward, FactSet, Sanmina, Calix, LSEG, Graco, Darla Mercado, Samantha Subin, Lisa Kailai Han, Tanaya Macheel, Jesse Pound Organizations: Woodward —, FactSet, Revenue, Whirlpool, Wall Locations: Cleveland
All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.
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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalix CEO Michael Weening on telecom trends, generative AI, and the digital ecosystemMichael Weening, CEO of Calix, discusses the state of the telecommunications industry.
Persons: Michael Weening
Even so, they remain some of the top companies where employees feel happiest with their pay. 1 spot where workers felt happiest with their pay, according to the analysis. Overall, Herring points out, many tech companies, and especially cybersecurity firms, scored highly on the compensation analysis. 5, respectively), but they remain in the top 15 companies where workers are satisfied with their pay. While workers may feel satisfied with their compensation there, the two tech giants did not fall into the top 100 companies with the happiest workers overall.
Persons: they're, Chad Herring, Herring, Uber —, Warren Buffett Organizations: Big Tech, Boston, Palo Alto, SAP, Google, Boston Consulting, Workers, Employees, Adobe Locations: Palo, California
Several companies, ranging from under-the-radar biotech names to major software providers, could still rake in major gains this year, according to analysts from Needham. Investors can look to these names for some potential returns after witnessing a series of market losses this month. Analysts at the firm forecast 17% upside to the stock based on Tuesday's closing price. The company reported a beat on second-quarter earnings in July amid negative sentiment on the sector, analyst Ryan Koontz noted. Still, the analyst expects continued upside on revenue and earnings per share, driven by a strong rural fiber access market.
Persons: Needham, Biopharmaceuticals, Ami Fadia, MongoDB, Mike Cikos, Cikos, Ryan Koontz, — CNBC's Michael Bloom Organizations: Needham, Dow Jones, Nasdaq, Management, Education Locations: 2H23
Comparably published its latest iteration of the top companies to work for in the Bay Area. The ranking also included those who work remotely but noted their office is in the San Francisco Bay Area. That includes the annual ranking for the best companies to work for in the San Francisco Bay Area. Therefore, Comparably also used the ratings of those who work remotely at least part of the time, but who noted a Bay Area office. Below are the top 25 companies in the Bay Area.
That's the pitch being used by talent-starved technology firms trying to lure thousands of former Twitter Inc employees laid off by the social media company under its new owner. Twitter has fired top executives and enforced steep job cuts with little warning following Musk's tumultuous takeover of the social media platform. Other big U.S. tech firms including Meta (META.O) and Amazon (AMZN.O) have also laid off thousands of staff in recent weeks due to the uncertain economic environment. But the public criticism of Musk highlights strong demand in parts of the industry for highly skilled digital workers. Mass job cuts and public resignations at Twitter have prompted worries the firm is shedding vital staff and fears the social media "town square" could face technical troubles.
California-based tech giants dominate the list of companies where workers feel most satisfied with their pay, according to Comparably's sixth annual report based on employee reviews. 1, Adobe employees report being happy with their compensation across pay, benefits, bonus structures, equity and more. 4 Microsoft said that beginning July 1, it would nearly double its budget for employee salary increases and boost stock compensation to help workers cope with inflation. Top companies have also been able to persevere through a volatile stock market. "The biggest trend we see is that as the overall stock market has been affected, so too does people's perspective of their compensation," Nazar says.
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