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May 1, 2024 10:14 AM - Davit Kirakosyan
Pinterest Jumps 16% Following Strong Q1 Earnings & Outlook
Pinterest (NYSE:PINS) showed strong performance in the first quarter, significantly beating Wall Street expectations in earnings and providing a solid revenue forecast, which led to its shares jumping over 16% in pre-market today. The company posted adjusted earnings per share (EPS) of $0.20, well a...
May 1, 2024 10:07 AM - Davit Kirakosyan
Pfizer Reports Better Than Expected Q1 Results
Pfizer (NYSE:PFE) released its Q1 earnings and revenue that surpassed analyst expectations. Earnings per share (EPS) reached $0.82, well above the estimated $0.53, while revenue was $14.9 billion, also exceeding the expected $14.04 billion. Adjusted research and development (R&D) expenses were repor...
May 1, 2024 10:00 AM - Davit Kirakosyan
AMD Reports In Line Q1 Earnings, But Shares Drop 6%
Shares of Advanced Micro Devices (NASDAQ:AMD) fell by more than 6% in pre-market today after the company reported fiscal Q1/24 earnings per share (EPS) that were in line with expectations. The company achieved an EPS of $0.62, matching analyst predictions, while revenue slightly exceeded estimates, ...
May 1, 2024 9:51 AM - Davit Kirakosyan
Amazon Reports Q1 Beat
Amazon’s (NASDAQ:AMZN) first-quarter results, announced on Tuesday, surpassed Wall Street expectations, driven by strong performance in its cloud segment, which benefited from the surge in demand for artificial intelligence services. The company reported Q2 earnings per share (EPS) of $0.98 and rev...
May 1, 2024 9:49 AM - Davit Kirakosyan
CVS Health Shares Plunge 13% After Q1 Miss
CVS Health (NYSE:CVS) experienced a significant drop in first-quarter profits and adjusted its full-year earnings forecast, leading to a premarket share decline of over 13%. Both earnings and revenue missed Wall Street projections. Adjusted earnings per share (EPS) for the quarter came in at $1.33, ...
May 1, 2024 9:30 AM - Davit Kirakosyan
Sirius XM Radio Earns an Upgrade at Goldman Sachs
Goldman Sachs analysts upgraded Sirius XM Radio (NASDAQ:SIRI) to a Neutral from a Sell, setting a new price target of $3.25, down from $3.50, following the company’s Q1 results. The analysts mentioned that the downgrade was due to the stock's recent underperformance, which showed a 46% drop year-to-...
Apr 30, 2024 4:04 PM - Danny Green
Morgan Stanley Adjusts Gartner's Price Target to $440 Amid Strong Q1 Performance
Toni Kaplan of Morgan Stanley has recently adjusted the price target for Gartner (IT) to $440, which suggests a potential upside of about 5.69% from its current trading price of $416.31. This new target, announced on April 30, 2024, and reported by TheFly, indicates a slight decrease from the previo...
Apr 30, 2024 8:03 AM - Davit Kirakosyan
3M Shares Surge 8% Following Q1 Beat
Shares of 3M Company (NYSE:MMM) climbed over 8% pre-market today after the company reported Q1 results that exceeded analyst expectations. The conglomerate recorded earnings per share of $2.39, beating the expected $2.10. Its revenue for the period reached $7.72 billion, surpassing the forecast of $...
Apr 30, 2024 8:00 AM - Davit Kirakosyan
Coca-Cola Reports Better Than Expected Q1 Results
The Coca-Cola Company (NYSE:KO) kicked off 2024 on a strong note, outperforming market expectations for the first quarter. The company recorded adjusted earnings per share of $0.72, above the consensus forecast of $0.70. Its revenue for the quarter also topped expectations at $11.3 billion, compared...
Apr 30, 2024 7:58 AM - Davit Kirakosyan
NVIDIA’s Price Target Cut at UBS
UBS analysts adjusted their price target for NVIDIA (NASDAQ:NVDA) to $1,150, down from $1,200, while maintaining their Buy rating on the stock. The revision comes ahead of NVIDIA's upcoming earnings release scheduled for May 22. Citing strong ongoing demand, UBS has also updated its revenue projecti...
Apr 30, 2024 7:55 AM - Davit Kirakosyan
Logitech Shares Climb 4% Following Q4 Beat
Logitech (NASDAQ:LOGI) saw its stock surge over 4% pre-market today after the company announced fourth-quarter earnings and revenue that surpassed consensus estimates. The company reported earnings per share (EPS) of $0.99, well above the expected $0.68. Quarterly revenue also exceeded expectations,...
Apr 30, 2024 7:53 AM - Davit Kirakosyan
McDonald's Reports Q1 Earnings Miss
McDonald's (NYSE:MCD) reported first-quarter earnings and comparable sales that fell short of analyst expectations. The company posted an earnings per share (EPS) of $2.70, just below the consensus forecast of $2.72. However, its revenue of $6.17 billion slightly exceeded the expected $6.16 billion....
Apr 30, 2024 7:50 AM - Davit Kirakosyan
Eli Lilly Shares Gain 6% Following Q1 Results
Eli Lilly & Co (NYSE:LLY) experienced a 6% increase in its share price in pre-market today, following the announcement of its first-quarter financial results for 2024, which exceeded earnings expectations and showcased a significant improvement in gross margin. The pharmaceutical company reported an...
Apr 29, 2024 10:03 AM - Stuart Mooney
Truist Financial Analyst Projects Significant Growth for Mohawk Industries
Keith Hughes of Truist Financial recently made headlines by setting a new price target for Mohawk Industries (MHK:NYSE) at $140, a significant jump from its current trading price of $116.84. This adjustment suggests a strong belief in the company's potential for growth, with an anticipated upside of...
Apr 29, 2024 10:01 AM - Stuart Mooney
Loop Capital Markets Maintains 'Buy' Rating on BALL Corporation with Increased Price Target
On Monday, April 29, 2024, Loop Capital Markets reaffirmed its confidence in BALL Corporation (NYSE:BALL), maintaining a "Buy" rating on the company's stock. This decision reflects a positive outlook on BALL's future, despite the rating being categorized as a hold. The firm's analysts went a step fu...
Apr 29, 2024 10:00 AM - Gordon Thompson
Marathon Petroleum Q1 2024 Earnings Preview: EPS, Revenue, and Stock Insights
On Tuesday, April 30, 2024, before the market opens, MPC is scheduled to release their earnings report for the quarter. Wall Street estimates suggest an earnings per share (EPS) of $2.53. The revenue for the period is estimated to be approximately $31.95 billion. This financial event is highly antic...
Apr 29, 2024 9:36 AM - Davit Kirakosyan
Apple Earns an Upgrade, Shares Up 2%
Apple (NASDAQ:AAPL) shares rose more than 2% pre-market today after Bernstein analysts upgraded the company from Market Perform to Outperform while maintaining a price target of $195. The analysts cited Apple's significant de-rating amid concerns over a weak iPhone 15 cycle and structural issues in...
Apr 29, 2024 9:32 AM - Davit Kirakosyan
Peloton Interactive’s Price Target Cut at UBS
UBS analysts slashed their price target for Peloton Interactive (NASDAQ:PTON) to $2.50 from $4.00, while maintaining their Sell rating on the stock. The adjustment reflects lowered expectations for revenue and profitability due to ongoing uncertainties around subscription growth and the company's ab...
Apr 29, 2024 9:28 AM - Davit Kirakosyan
SoFi Reports Q1 Beat, Raises Full Year EBITDA Guidance
SoFi Technologies (NASDAQ:SOFI) raised its EBITDA guidance for the full fiscal year following a Q1 beat. In the first quarter of fiscal 2024, SoFi reported earnings per share (EPS) of $0.02, beating the consensus estimate of $0.01. The company achieved a significant revenue increase, posting $644.99...
Apr 29, 2024 9:19 AM - Davit Kirakosyan
Domino's Pizza Surges 6% After Q1 Earnings Beat
Domino's Pizza (NYSE:DPZ) shares surged more than 6% pre-market today after the company exceeded analyst expectations for earnings in the first quarter of 2024. The company posted an adjusted earnings per share (EPS) of $3.58, which was $0.19 higher than the consensus estimate. Revenue for the quart...
