In today’s briefing:
- NVIDIA. Revenue On Track For 2.7x YoY Growth in Q3’CY23
- New Relic Takeover Valuation Analysis: The Buyout Price Looks Reasonable
- Sirius XM Holdings Inc.: The Strategies Driving Pandora and SiriusXM’s Subscriber Surge! – Financial Forecasts
- Merck & Co. Inc.: Setting New Standards in Oncology & Pneumococcal Immunization! – Major Drivers
- Howmet Aerospace Inc.: 3 Factors Powering Its Dynamic Growth Trajectory Despite Strikes and Supply Chain Hurdles! – Major Drivers
- Paycom Software Inc.: Sustaining High Margins Amidst Rapid Expansion! – Major Drivers
- Pinterest Inc.: Embracing Challenges and Emerging as a Dominant Force in Digital Landscape! – Major Drivers
- Molson Coors Beverage Company: Acquisition of Blue Run Spirits & Other Major Drivers
NVIDIA. Revenue On Track For 2.7x YoY Growth in Q3’CY23
- NVIDIA Q2’CY23 revenues of $13.51 billion, up 88% QoQ, up 101% YoY, blowing way past the $11 billion guidance midpoint.
- Current quarter revenue is expected to be $16.00 billion. This will be a roughly 2.7x increase YoY
- Are we in the middle of witnessing a bubble of dot.com era proportions?
New Relic Takeover Valuation Analysis: The Buyout Price Looks Reasonable
- Following takeover rumors surrounding New Relic Inc (NEWR US) , private equity firms finally agreed to acquire a US-based low-cost observability provider for ~$6.5B.
- American private equity firm Francisco Partners and global alternative asset manager TPG offered $87 per New Relic Inc (NEWR US) share in an all-cash transaction.
- The New Relic Inc (NEWR US) Board of Directors approved the buyout deal, and is expected to close in late 2023 or early 2024.
Sirius XM Holdings Inc.: The Strategies Driving Pandora and SiriusXM’s Subscriber Surge! – Financial Forecasts
- Sirius XM Holdings delivered a solid result and managed an all-around beat last quarter.
- The company’s strategic approach to managing expenses and optimizing efficiency resulted in improved cash operating expenses.
- Sirius XM Holdings maintained its prudent financial approach, exemplified by strong free cash flow generation and responsible capital allocation strategies prioritizing shareholder returns.
Merck & Co. Inc.: Setting New Standards in Oncology & Pneumococcal Immunization! – Major Drivers
- Merck delivered an all-around beat in the quarter, making excellent strides in advancing compelling science that will contribute to meeting the world’s most critical unmet medical needs.
- Concerning their research organization, Merck’s encouraging late-stage pipeline keeps proving beneficial for patients with a wide spectrum of ailments.
- In oncology, Merck highlighted information from ASCO’s extensive pipeline, including evidence for KEYTRUDA in lung cancer that is in an earlier stage.
Howmet Aerospace Inc.: 3 Factors Powering Its Dynamic Growth Trajectory Despite Strikes and Supply Chain Hurdles! – Major Drivers
- Howmet Aerospace delivered an all-around beat in the most recent quarterly result.
- Revenues showed significant year-over-year and sequential growth, with a notable highlight in the commercial aerospace sector.
- Moreover, Howmet maintained a healthy cash balance and generated robust free cash flow.
Paycom Software Inc.: Sustaining High Margins Amidst Rapid Expansion! – Major Drivers
- Paycom Software managed to exceed analyst expectations in terms of revenue and earnings.
- The company’s initiative to simplify clients’ experiences was evident by introducing tools like Everyday and the Client Action Center.
- As Paycom continues to execute its strategies and capitalize on its expanding market opportunities, its potential for sustained success remains promising.
Pinterest Inc.: Embracing Challenges and Emerging as a Dominant Force in Digital Landscape! – Major Drivers
- Pinterest delivered an all-around beat in the most recent quarterly result.
- The company’s strategic focus on core differentiators and visual discovery led to increased user engagement and expansion of the user base.
- Despite challenges in the advertising environment, Pinterest achieved consistent year-on-year revenue growth and margin expansion.
Molson Coors Beverage Company: Acquisition of Blue Run Spirits & Other Major Drivers
- Molson Coors Beverage Company delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings.
- The company marked the most successful quarter for reported net sales revenue since the merger of Molson and Coors in 2005.
- Notably, Molson Coors experienced remarkable growth in its key brands, with Coors Light and Miller Lite playing a pivotal role in driving positive trends.
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