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Apr 26, 2024 12:36 PM - Davit Kirakosyan
Snap Stock Jumps 24% on Strong Earnings Beat & Outlook
Snap (NYSE:SNAP) shares jumped more than 24% pre-market today after the company released an upbeat revenue forecast for the second quarter, anticipating revenues between $1.23 billion and $1.26 billion, surpassing the consensus estimate of $1.14 billion. The company also expects its adjusted EBITDA ...
Apr 26, 2024 12:32 PM - Davit Kirakosyan
Manhattan Associates Earns an Upgrade at DA Davidson
DA Davidson analysts raised their rating on Manhattan Associates (NASDAQ:MANH) to Buy from Neutral and set a price target at $240 (up from $220). The analysts highlighted that the upgrade was prompted by the stock's significant pullback this year, which they consider overdone, especially after the c...
Apr 26, 2024 12:29 PM - Davit Kirakosyan
Intel Plunges 10% on Q1 Revenue Miss & Weak Outlook
Intel Corporation (NASDAQ:INTC) shares dropped more than 10% intra-day today after the company reported mixed results for the first quarter and issued weaker-than-expected guidance for the upcoming quarter, fueling concerns that it may lag behind its competitors in the burgeoning AI chip market. The...
Apr 26, 2024 12:26 PM - Davit Kirakosyan
Alphabet Shares Gain 9% Following Q1 Earnings Beat & First-Ever Dividend
Alphabet (NASDAQ:GOOG) shares soared over 9% intra-day today, reaching a record high, following the company's announcement of its fiscal Q1/24 results, which exceeded Wall Street expectations. The company reported earnings per share (EPS) of $1.89, surpassing the consensus estimates of $1.51. Revenu...
Apr 26, 2024 12:01 PM - Davit Kirakosyan
Microsoft Gains 3% Following Strong Q3 Results
Microsoft (NASDAQ:MSFT) announced its fiscal third-quarter results, surpassing Wall Street predictions, fueled by strong demand for artificial intelligence, which significantly boosted its Azure cloud business performance. As a result, shares of Microsoft surged over 3% intra-day today. For the quar...
Apr 26, 2024 11:37 AM - Davit Kirakosyan
Colgate-Palmolive Reports Better Than Expected Q1 Results, Lifts Guidance
Colgate-Palmolive (NYSE:CL) released its first-quarter earnings, which exceeded analyst forecasts. The company achieved an adjusted EPS of $0.86, beating the anticipated $0.81. Its revenue also exceeded projections, reaching $5.07 billion against the forecast of $4.96 billion. Colgate-Palmolive saw ...
Apr 26, 2024 11:19 AM - Andrew Wynn
Hertz Global Holdings' Financial Struggle Amid EV Transition
Hertz Global Holdings (HTZ:NASDAQ) faced a challenging period as its stock value took a significant hit, dropping 19% in the wake of its first-quarter financial results. The downturn was primarily due to an unexpected $195 million cost, a consequence of the company's ambitious but ultimately unsucce...
Apr 26, 2024 11:19 AM - Andrew Wynn
Investing in Healthcare Stocks: Opportunities Post-Pandemic
The healthcare industry in the United States has undergone significant changes, especially in the wake of the 2020 Coronavirus pandemic. This period marked a dramatic increase in healthcare spending and government subsidies, nearly doubling the financial support compared to pre-pandemic levels. This...
Apr 26, 2024 11:19 AM - Danny Green
Chevron, Exxon Mobil, and Phillips 66 Face Early Year Financial Challenges
Chevron Corporation, Exxon Mobil Corp (XOM), and Phillips 66, three giants in the oil industry, faced a challenging start to the year, as evidenced by their reported lower profits for the first quarter. This downturn in profitability led to a noticeable decline in their stock prices during early tra...
Apr 26, 2024 11:18 AM - Andrew Wynn
Autoliv Q1 Financial Analysis 2024: Automotive Safety Sector Insights
Autoliv (ALV), a leading player in the automotive safety sector, has unveiled its financial outcomes for the first quarter ending in March 2024, sparking interest among investors and market analysts. According to the analysis by Zacks Investment Research, this period has been significant for Autoliv...
Apr 26, 2024 11:18 AM - Stuart Mooney
Aon plc Q1 2024 Financial Analysis and Market Performance Review
In the first quarter ended March 2024, Aon plc (AON:NYSE) underwent a detailed financial analysis by Zacks Investment Research, published on April 26, 2024. This analysis aimed to dissect Aon's financial health by comparing its recent performance against Wall Street's expectations and its results fr...
Apr 26, 2024 11:18 AM - Gordon Thompson
Ball Corporation's Q1 2024 Earnings Soar, Boosted by Aerospace Sale
Ball Corporation (BALL:NYSE) has recently shared its first-quarter results for 2024, revealing a significant leap in its U.S. GAAP total diluted earnings per share to $11.61, a stark contrast to the 56 cents reported in the same period of 2023. This impressive growth is partly attributed to gains fr...
Apr 26, 2024 11:05 AM - Alex Lavoie
Avantor, Inc. Reports Q1 2024 Financial Results - Key Highlights
Avantor, Inc. (NYSE: AVTR), a key player in the life sciences and advanced technology sectors, recently unveiled its financial results for the first quarter of 2024, which ended on March 31. The company's net sales amounted to $1.68 billion during this period, reflecting a 5.6% decrease from the pre...
Apr 26, 2024 11:05 AM - Danny Green
Newell Brands' Q1 2024 Financial Highlights: A Remarkable Turnaround
Newell Brands (NASDAQ: NWL) has made headlines with its first-quarter financial results for 2024, demonstrating the effectiveness of its strategic initiatives under the leadership of President and CEO Chris Peterson. The company's focus on operational and financial priorities has paid off, leading t...
Apr 26, 2024 11:05 AM - Rayan Ahmad
Chevron's Financial Performance Amid Market Challenges
Chevron Corporation (CVX:NYSE), along with industry giants Exxon Mobil Corp and Phillips 66, faced a challenging start to their trading day on Friday, as news of their first-quarter profit declines hit the market. This downturn in profitability was primarily due to shrinking refining margins, a cons...
Apr 26, 2024 11:04 AM - Gordon Thompson
AMD Earnings Season Outlook: Surpassing Expectations?
Advanced Micro Devices (AMD) is gearing up for its earnings season with a wave of optimism, as indicated by the positive adjustments in earnings estimate revisions. This optimism is further supported by the Zacks Earnings ESP (Earnings Surprise Prediction), which hints at AMD potentially surpassing ...
Apr 26, 2024 11:04 AM - Gordon Thompson
AbbVie Q1 2024 Financial Results: Earnings Soar to $1.37 Billion
AbbVie's remarkable leap in its Q1 financial results for 2024, as reported by Invezz on April 26, 2024, underscores the pharmaceutical giant's robust performance in the market. The company's earnings soared to $1.37 billion, or $0.77 per share, a significant jump from the $239 million, or $0.13 per ...
Apr 26, 2024 11:04 AM - Alex Lavoie
Investing in Stability: Colgate-Palmolive's Market Resilience
In the context of seeking stability within an investment portfolio, as discussed in the InvestorPlace article, Colgate-Palmolive (CL:NYSE) emerges as a prime example of what might be considered a "Steady Eddie." The company's recent financial performance for the quarter ending in March 2024, as anal...
Apr 26, 2024 11:03 AM - Danny Green
Microsoft's Fiscal Q3 2024 Results: Dominance in Cloud and AI
Microsoft's fiscal third-quarter results for 2024 have indeed painted a picture of a company that's not just surviving but thriving, especially in its cloud and AI sectors. The spotlight on Azure and Office 365, alongside the burgeoning AI Copilot business, has been a testament to Microsoft's (MSFT)...
Apr 26, 2024 11:03 AM - Rayan Ahmad
AutoNation Q1 2024 Earnings: Strong Sales and Profitability
AutoNation (AN:NYSE) has recently shared its earnings report for the first quarter ended March 2024, shedding light on its financial performance and operational efficiency. The report, while not detailing every metric, hints at a comparison with Wall Street's expectations and last year's figures, su...
