In today’s briefing:
- Intel’s AI Everywhere In New York
- Carnival Corp’s Per Passenger Revenue
- MillerKnoll, Inc. – 2QFY24 Results Deliver Strong Margins; Orders Challenged
Intel’s AI Everywhere In New York
- Intel’s “AI Everywhere” event turned out to be little more than last minute launches client and server products promised for 2023
- While these products have little new in the way of ground-breaking AI hardware, the entire event was infused with AI marketing to the highest degree
- Ostensibly Intel’s great hope in AI hardware acceleration, Gaudi, featured solely as a last minute gimmick announcing that Gaudi3 was “out of the fab and into the lab”. Yawn!
Carnival Corp’s Per Passenger Revenue
- Lots of financial analysts and other Calcbench users might be wishing they could sail away on a tropical cruise as we enter the holiday slow season, so perhaps it’s a good time to visit Carnival Corp. ($CCL) and the company’s latest financial performance.
- Carnival filed its latest quarterly (and fiscal year-end) earnings release on Thursday, and top-line numbers looked pretty good for a company still recovering from the pandemic’s apocalyptic effects four years ago.
- Quarterly revenue jumped 40.6 percent from the year-ago period, to $5.4 billion; annual revenue soared 77.5 percent to $21.6 billion.
MillerKnoll, Inc. – 2QFY24 Results Deliver Strong Margins; Orders Challenged
- After market close on December 20, MillerKnoll reported 2QFY24 adjusted EPS of $0.59, ahead of our estimate of $0.55 and the consensus mean of $0.54.
- Margins were better than expected, while revenue of $949.5 million came in at the low end of guidance.
- Sales in the Americas segment disappointed relative to our expectations.
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