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Jim Cramer's Reaction to Boeing, Apple and AMD Earnings

Video Credit: The Street - Duration: 10:34s - Published < > Embed
Jim Cramer's Reaction to Boeing, Apple and AMD Earnings

Jim Cramer's Reaction to Boeing, Apple and AMD Earnings

Here's what's on Jim Cramer's mind Wednesday, Jan.

30.

AMD Impresses Advanced Micro Devices said non-GAAP earnings for the three months in December came in at 8 cents per share, matching the Street consensus and rising from 1 cent per share over the same period last year.

Group revenues jumped 5.9% to $1.419 billion, AMD said, but that figure narrowly missed the $1.44 billion consensus estimates.

"2018 was another strong year for AMD.

Increased adoption of our high performance products drove a second straight year of double-digit annual revenue growth, expanded gross margins and improved profitability," CEO Lisa Su told investors on a conference call late Tuesday.

"While headwinds remain in the graphics channel and macro uncertainties are causing some caution in the first half of 2019, we believe we are well positioned to gain share throughout the year and accelerate growth as we ramp our next generation 7 nanometer products." Surprise!

Says Boeing Real Money Stock of the Day Boeing blasted fourth quarter earnings estimates Wednesday and said it sees record plane deliveries in 2019, sending shares sharply higher.

TheStreet's Martin Baccardax reported on the earnings.

"Across the enterprise our team delivered strong core operating performance and customer focus, driving record revenues, earnings and cash flow and further extending our global aerospace industry leadership in 2018," said CEO Dennis Muilenburg.

"Our financial performance provided a firm platform to further invest in new growth businesses, innovation and future franchise programs, as well as in our people and enabling technologies." Services are Important Apple Inc.

Posted stronger-than-expected quarterly earnings and hinted that cooling U.S.-China trade tensions would support international sales growth over the near term.

After cautioning investors earlier this month that sales over the three months ending in December, the company's fiscal first quarter, would slow to around $84 billion thanks in part to tepid China growth, Apple posted modestly stronger earnings and revenue for the period, including a robust margin for its fast-growing services division, and said current-quarter sales would likely match the Street consensus of around $59 billion.

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