Adjusted Revenue Rise Beats Guidance
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WK Kellogg revenue beats analyst estimates
Cereal giant says margins grew wider.MarketWatch - Business -
Crocs’ stock gains 6% as earnings beat offsets softness for Heydude brand
Crocs Inc.’s stock rose more than 6% Tuesday, after the casual-footwear company’s stronger-than-expected first-quarter earnings offset weak demand for its Heydude brand, which is expected to see sales fall this year.MarketWatch - Business -
Beating inflation will likely require U.S. unemployment to rise
Americans are on a frustrating search for a soft economic landing.MarketWatch - Business -
Reddit shares soar on Q1 revenue beat and narrower-than-expected loss
Reddit Inc. reported its first results as a public company Tuesday, with the social-media platform reporting better-than-expected first-quarter revenue and a narrower-than expected loss.MarketWatch - Business -
Ranking AFC teams following 2024 NFL Draft: Chiefs remain team to beat, Texans on the rise
Who are the best teams in the AFC following the NFL Draft?CBS Sports - Sports - NFL -
Zalando Backs Guidance Despite Lower Sales
Zalando swung to a profit in the first quarter but revenue fell 0.6% as active customers declined.The Wall Street Journal - World -
Bouygues Backs Guidance on Improved First Quarter
Bouygues said its operating profit from activities rose to €26 million and the company reiterated its guidance for 2024 of slightly higher sales and profits compared with 2023.The Wall Street Journal - World -
Bouygues Backs Guidance on Improved First Quarter
Bouygues said its operating profit from activities rose to €26 million and the company reiterated its guidance for 2024 of slightly higher sales and profits compared with 2023.The Wall Street Journal - Business -
Zalando Backs Guidance Despite Lower Sales
Zalando swung to a profit in the first quarter but revenue fell 0.6% as active customers declined.The Wall Street Journal - Business -
Infineon Cuts Guidance Again on Auto Caution
Infineon lowered its sales and profit margin forecasts for fiscal 2024 as it continues to struggle with slower growth in the automotive sector.The Wall Street Journal - World -
Nintendo Teases Switch Successor After Weak Guidance
Nintendo said it will announce a successor to its seven-year-old Switch videogame console after guiding for a significant profit drop this fiscal year on weaker device and game sales.The Wall Street Journal - Tech -
MLB, Nike announce adjustments for 2025 uniforms
Major League Baseball uniforms will have larger lettering on the back of jerseys and individual pant customization will be available to all players beginning in 2025ABC News - Sports - MLB -
FirstFT: Apple beats expectations
Also in today’s newsletter, Apollo and Sony team up for Paramount bid and Turkey cuts trade ties with IsraelFinancial Times - World - Apple -
Lucid posts bigger loss, but keeps production guidance intact
Lucid kept its 2024 production guidance at 9,000 EVs.MarketWatch - Business -
Palantir shares fall 7% on lower-than-expected guidance
Defense-technology and AI firm Palantir reported earnings that beat analyst expectations on revenue, but also issued weaker-than-hoped-for full-year guidance.CNBC - Business -
Disney says streaming is nearly breakeven, but shares sink 10% on soft guidance
Disney reported a loss of just $18 million in its direct-to-consumer businesses as earnings topped analyst estimates.CNBC - Business -
MLB and Nike announce adjustments to player uniforms for 2025 season
MLB and Nike are making changes to the player uniforms for the 2025 season. The uniforms have faced heavy criticism for a variety of issues, including small lettering and discoloration from sweat.Yahoo Sports - Sports - MLB -
Societe Generale Shares Climb on Above-Forecast First Quarter
Societe Generale’s results were better than expected at the revenue and underlying profit levels and showed early recovery signs in French retail banking, analysts said.The Wall Street Journal - World -
Daimler Truck Targets Unchanged After Earnings Beat
Daimler Truck reported higher core profits in the first quarter, driven by gains in North America, and said it was on track to meet its financial targets for the year despite headwinds in Europe increasing.The Wall Street Journal - World -
Verstappen beats Leclerc to Miami sprint pole
Red Bull’s Max Verstappen beat Ferrari’s Charles Leclerc to take pole position for the sprint race at the Miami Grand Prix.BBC News - Top stories -
Daimler Truck Targets Unchanged After Earnings Beat
Daimler Truck reported higher core profits in the first quarter, driven by gains in North America, and said it was on track to meet its financial targets for the year despite headwinds in Europe increasing.The Wall Street Journal - Business -
Arsenal beat Bournemouth to move four points clear
Arsenal cruise past Bournemouth to go four points clear at the top of the Premier League before Saturday's later games.BBC News - Top stories - Premier League -
Wilson and Jones to meet in Crucible final
Kyren Wilson claims a comfortable 17-11 win over David Gilbert to reach his second World Championship final at the Crucible Theatre.BBC News - Top stories -
Swiatek beats Sabalenka in thrilling Madrid final
World number one Iga Swiatek holds her nerve to beat world number two Aryna Sabalenka and win her first Madrid Open.Yahoo Sports - Sports -
Crumbs! French bakers beat longest baguette record
A 140.5m (461ft)-long baguette baked in the Parisian suburbs has beaten a previous record from Italy in 2019.BBC News - Top stories - France -
Norris beats Verstappen in Miami for first F1 win
McLaren’s Lando Norris beats Red Bull’s Max Verstappen with help from the safety car to take his maiden Formula 1 victory at the Miami Grand Prix.BBC News - Top stories - College Football -
Wilson beats tenacious Jones to win world title
An emotional Kyren Wilson claims his first world title with a nervy 18-14 victory over Jak Jones at the Crucible Theatre in Sheffield.BBC News - Top stories - College Football -
UBS Beats Forecasts as Integration-Related Costs Fall
UBS returned to profit in the first quarter and booked $27 billion in new assets into its key global wealth management business.The Wall Street Journal - World -
Heidelberg Materials Maintains Outlook on Earnings Beat
Heidelberg Materials first-quarter underlying earnings came in at €542 million and it continued to target full-year results from current operations of €3-€3.3 billion.The Wall Street Journal - World -
UBS Beats Forecasts as Integration-Related Costs Fall
UBS returned to profit in the first quarter with the integration of Credit Suisse less of a drag on its performance than analysts anticipated, as the group continued to attract funds from wealthy clients.The Wall Street Journal - Business -
Heidelberg Materials Maintains Outlook on Earnings Beat
Heidelberg Materials first-quarter underlying earnings came in at €542 million and it continued to target full-year results from current operations of €3-€3.3 billion.The Wall Street Journal - Business -
Datadog’s earnings beat estimates, but the stock still skids
The observability company’s full-year forecast exceeds what analysts have been modeling.MarketWatch - Business -
Upstart beats on earnings but misses with its forecast
The AI-oriented lending company is hoping to see a return to sequential growth in the second half of 2024.MarketWatch - Business -
Bowlero’s stock slides 18% after earnings fall short of estimates and company offers soft guidance
Chief Executive and Founder Thomas Shannon said the quarter started slowly due to weather.MarketWatch - Business -
Spirit Airlines’ stock slides nearly 10% after air carrier’s quarterly loss, weak guidance
Airline is now focused on its future as a standalone business after its planned merger with JetBlue was called off in March.MarketWatch - Business -
Disney shares tumble on light guidance. But here's why we're raising our price target
Disney's current quarter guidance disappointed Wall Street. But the sell-off looks overdone to us.CNBC - Business -
Brittney Griner still adjusting after Russian prison ordeal. WNBA star details experience in book
Brittney Griner says since her release from a Russian prison 17 months ago that she has used her platform as a WNBA All-Star and Olympic gold medalist to advocate for the return of other Americans detained overseasABC News - Sports - Russia -
Hershey’s beats on earnings as Reese’s Caramel, Dot’s Pretzels boost sales
“We are off to a strong start and remain on track to deliver our business strategies and financial commitments for the year,” the company’s CEO said Friday.MarketWatch - Business -
Why Coinbase’s stock is shrugging off a monster earnings beat
Analysts saw a few reasons to quibble, including a potential slowdown this quarter.MarketWatch - Business -
Gold is overvalued now and won’t help you beat inflation in coming years
New research sees gold lagging U.S. inflation by more than 7% a year over the next decade.MarketWatch - Business