GoPro’s (GPRO) second-quarter per-share earnings shot up 250%, knocking out views, and analysts expect current-quarter results to fly as high as the action camera maker’s upcoming drones. Today’s Screen of the Day features Leaders With Rising Estimates, top-rated stocks with the greatest increase in earnings estimates revisions. Wall Street currently expects GoPro earnings to soar 167% in Q3. As the company’s products gain mainstream traction
Fitbit (FIT) worked up a sweat on Friday after the maker of activity trackers got an upbeat note from Morgan Stanley. Fitbit stock climbed more than 5% to below 45 in afternoon trading on the stock market today. The San Francisco-based company hit an all-time high of 51.90 on Aug. 5. It went public at 20 on June 18. Morgan Stanley analyst Katy Huberty said in a note Friday that the company has “significant long-term opportunity.” However, she took
Applied Materials (AMAT) stock hit a nearly two-year low Friday after the No. 1 chip gear maker late Thursday reported Q3 revenue that missed Wall Street’s forecast and offered lackluster Q4 guidance. CEO Gary Dickerson blamed unexpectedly floundering foundry sales for the Q3 revenue miss and lowered Q4 guidance. Thrifty customers have become adept at reusing their tools rather than ordering more, he said during the Q3 earnings conference call.