Earnings Results Pagerduty S Stock Dives 17 on Tepid Annual Revenue Guidance Amid An Uncertain Economy
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Meta plunges 16% on weak revenue guidance even as first-quarter results top estimates
Meta beat on the top and bottom lines in its earnings report on Wednesday, but the stock sank on disappointing guidance.CNBC - Business -
Skechers stock soars 10% after earnings crush estimates and company offers upbeat guidance
Skechers Inc.’s stock soared 7% in after-hours trade Thursday, after the athletic footwear company swept past earnings estimates for the first quarter.MarketWatch - Business -
Centene’s stock jumps premarket after earnings crush estimates and company raises guidance
Centene Corp.’s stock rose 3.4% early Friday, after the managed healthcare provider blew past earnings estimates for the first quarter and raised its full-year guidance.MarketWatch - Business -
Meta says revenue will be weak as it spends even more on AI
Push to integrate AI into Meta products boosts financial results, but share prices tumble with weak sales forecast. Meta’s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a ...The Guardian - World -
Altria’s earnings top estimates and tobacco company reaffirms full-year guidance
Altria Group Inc. matched profit estimates for the first quarter, while revenue net of excise taxes squeezed a small beat and the company backed its full-year guidance, reiterating its stance that there will be limited impact from enforcement ...MarketWatch - Business -
Alphabet’s stock surges on Triple Crown of first-ever cash dividend, $70 billion stock buyback, strong results
Google parent Alphabet Inc.’s stock soared 12% in after-hours trading Thursday following huge spikes in revenue and net income that trounced analysts’ predictions — as well as its first-ever cash dividend of 20 cents per share.MarketWatch - Business -
Alphabet hails ‘once-in-a-generation’ AI opportunity as revenue rises
Shares surge after tech giant issues first ever dividend and posts revenue of $80.5bn, up 15% since last year, despite staff turmoil. Shares in Alphabet, the owner of Google and YouTube, surged after it issued its first ever dividend and revealed ...The Guardian - World -
Merck’s first-quarter results beat expectations amid healthy vaccine-sales growth
Merck on Thursday reported first-quarter results that beat analysts’ expectations amid strong sales of vaccines and cancer drug Keytruda.MarketWatch - Business -
Tesla Earnings Report: Revenue Fell to $21.3 Billion, Adding to Strategy Concerns
The first-quarter results are likely to fuel worries that competitors will continue grabbing a bigger slice of a market dealing with slowing electric car sales.The New York Times - Tech -
Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours
Facebook and Instagram parent company Meta says its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platformsABC News - Tech -
Unilever backed its full-year guidance after reporting better-than-expected revenue for the first-quarter on higher volumes.
Unilever backed its full-year guidance after reporting better-than-expected revenue for the first-quarter on higher volumes.The Wall Street Journal - World -
American Airlines’ stock jumps after an upbeat profit outlook and record revenue
American Airlines’ stock climbed Thursday, after the air carrier reported a wider-than-expected loss but provided an upbeat profit outlook for the current quarter, as revenue rose to record levelsMarketWatch - Business -
Intel’s earnings forecast fails to clear low bar, and the stock’s drop continues
Intel Corp. shares dropped 8% in the extended session Thursday, adding to their rough start to the year as the chip company reported revenue slightly below Wall Street’s expectations.MarketWatch - Business -
Troubling S&P 500 chart suggests that stock investors have a rough road ahead
Oversold rally earlier this week doesn’t erase the U.S. market’s negative picture.MarketWatch - Business -
Humana’s stock falls as earnings outlook to remain unclear for months
Humana’s stock turned lower Wednesday, after the health insurer reported a quarterly profit that beat expectations by a wide margin and boosted its outlook for Medicare Advantage membership growth, but said uncertainty over the earnings outlook ...MarketWatch - Business -
Don't bet against Zuckerberg: Meta's earnings-driven stock slide is an opportunity
Shares of the Facebook and Instagram company were dropping due to short-term thinkers who can't see the forest for the trees.CNBC - Business -
Stock Futures Gain as Investors Await PCE Inflation and Oil Earnings
Futures tied to the tech-heavy Nasdaq-100, S&P 500 and the Dow industrials edged up ahead of the personal-consumption expenditures price index for March.The Wall Street Journal - World -
U.S. stocks ended mixed, with the S&P 500 eking out a gain of less than 0.1% and the Nasdaq rising 0.1%. The Dow declined 0.1%.
U.S. stocks ended mixed, with the S&P 500 eking out a gain of less than 0.1% and the Nasdaq rising 0.1%. The Dow declined 0.1%.The Wall Street Journal - World -
Snap shares soar 23% as company beats on earnings, shows strong revenue growth
Snap reported first-quarter results that beat analysts' estimatesCNBC - Business -
IBM’s stock heads toward its worst day since 2021 after earnings
IBM’s earnings showed continued AI momentum, though overall revenue came in a bit light.MarketWatch - Business -
Meta earnings weigh on Magnificent Seven stocks. Here’s why investors shouldn’t panic.
Analysts see opportunity coming out of Meta’s earnings and advise investors to wait for other reports before cutting tech positions.MarketWatch - Business -
Caterpillar’s stock is falling toward its worst day since 2020 after earnings
Caterpillar Inc. shares were dropping premarket after the company came up a bit short on first-quarter revenue as sales volumes declined.MarketWatch - Business -
First Citizens’ stock touches all-time high on first-quarter earnings, while Valley National shares drop
First Citizens Bancshares Inc.’s stock rose on stronger-than-expected profit and a boosted outlook for net interest income on Thursday, roughly a year after the big regional bank acquired the beleaguered Silicon Valley Bank.MarketWatch - Business -
Exxon stock falls as earnings miss on lower natural gas prices and squeezed refining margins
Exxon Mobil first-quarter earnings missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices.CNBC - Business -
The U.S. economy grew at a sharply slower pace in the first quarter and inflation topped Wall Street's expectations, dimming investor hopes for a quick Fed rate cut and sending the stock and bond markets down.
The U.S. economy grew at a sharply slower pace in the first quarter and inflation topped Wall Street’s expectations, dimming investor hopes for a quick Fed rate cut and sending the stock and bond markets down.The Wall Street Journal - World -
Bucks' Middleton (ankle) questionable for Game 3
Bucks forward Khris Middleton's is questionable for Game 3 of the Eastern Conference first-round playoff series with the Indiana Pacers after he hurt his ankle in the last game and didn't practice Thursday.ESPN - Sports -
Connecticut AI Bill Faces Uncertain Future
The wide-ranging proposed legislation seeks to rein in bias in AI model and protect people from deepfakes, but critics worry it could curb small business growth.Inc. - Business -
American Airlines Gives Upbeat Guidance
The carrier’s shares climbed more than 4% premarket as it swung to a loss in the first three months of the year but provided a positive second-quarter forecast. The airline reduced its total debt by nearly $950 million.The Wall Street Journal - World - Travel -
The German parliament votes for an annual veterans' day to honor military service
The German parliament has voted to introduce an annual national “veterans’ day” to honor people who have served in the military, which often has struggled to gain recognition in the countryABC News - World -
US economic growth falls short of expectations with 1.6 percent annualized gain
U.S. economic growth dipped below 2 percent during the first quarter for the first time in more than a year and a half, according to a new government reading released Thursday. Gross domestic product (GDP) grew at an annualized rate of 1.6 percent ...The Hill - Politics -
S&P Cuts Boeing's Ratings Outlook to Negative
A purchase of Spirit AeroSystems would “introduce additional potential headwinds for Boeing on its path to cash flow and leverage recovery,” the agency said.The Wall Street Journal - World -
S&P Cuts Boeing's Ratings Outlook to Negative
A purchase of Spirit AeroSystems would “introduce additional potential headwinds for Boeing on its path to cash flow and leverage recovery,” the agency said.The Wall Street Journal - Business -
U.S. and 17 other countries demand that Hamas release hostages held in Gaza
In a joint statement, the U.S. and 17 other nations urged Hamas to release hostages held in Gaza and open the way to a ceasefire with Israel.NBC News - Top stories -
U.S. and 17 other countries demand that Hamas release hostages held in Gaza
In a joint statement, the U.S. and 17 other nations urged Hamas to release hostages held in Gaza and open the way to a ceasefire with Israel.NBC News - Politics -
17 states challenge federal rules entitling workers to accommodations for abortion
Seventeen states are challenging new federal rules entitling workers to time off and other accommodations for abortionsABC News - Health - Abortion -
Chess: Gukesh, 17, shocks favourites to become youngest challenger for title
The Chennai teenager won the Candidates by just half a point and will take on China’s Ding Liren for the world crown in a 14-game series later this year. Gukesh Dommaraju became, at 17, the youngest ever Candidates winner and world championship ...The Guardian - World -
Unilever Backs Guidance as Sales Beat Forecasts
Unilever said it continued to expect sales to grow 3% to 5% this year, with a modest improvement in operating margin, as volumes and price dynamics normalize.The Wall Street Journal - World -
Barclays Backs Guidance After Profit Beat
Barclays confirmed its 2024 forecasts after it reported better-than-expected profits and income for the first quarter.The Wall Street Journal - World -
Unilever Backs Guidance as Sales Beat Forecasts
Unilever said it continued to expect sales to grow 3% to 5% this year, with a modest improvement in operating margin, as volumes and price dynamics normalize.The Wall Street Journal - Business -
Barclays Backs Guidance After Profit Beat
Barclays confirmed its 2024 forecasts after it reported better-than-expected profits and income for the first quarter.The Wall Street Journal - Business