Big Names to Report Earnings After Market Close: Palantir, Lucid, PayPal, Skyworks, and Western Digital on Investors' Radar
- May 08th, 2023
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Investors are eagerly awaiting the financial results of several major companies that are set to be released after the market closes today.
Palantir Technologies Inc. (NYSE: PLTR), a software company that specializes in big data analytics, is expected to report earnings of $0.04 per share on revenue of $505.6 million. The company's stock is currently trading at $7.80 per share, up 5.20% from the previous day's close.
Also reporting after the market closes is Lucid Group, Inc. (Nasdaq: LCID), an electric vehicle manufacturer. The company is expected to report a loss of $0.41 per share on revenue of $209.88 million. Lucid Group's stock is currently trading at $7.71 per share, down 0.25%.
PayPal Holdings (Nasdaq: PYPL), a leading online payments platform, is expected to report earnings of $0.98 per share on revenue of $6.22 billion. The company's stock is currently trading at $76.24 per share, up 1.69%.
Skyworks Solutions, Inc. (Nasdaq: SWKS), a semiconductor company that provides components for wireless communication systems, is expected to report earnings of $2.03 per share on revenue of $1.15 billion. The company's stock is currently trading at $105.14 per share, up 0.98%.
Western Digital Corporation (Nasdaq: WDC), a data storage solutions company, is also set to release its financial results after the market closes. The company is expected to report a loss of $1.57 per share on revenue of $2.7 billion. Western Digital's stock is currently trading at $34.01 per share, up 1.69% from the previous day's close.
Investors will be closely watching these companies' financial results to see how they have performed over the past quarter.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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