iShares ESG MSCI EM Leaders ETF (NASDAQ: LDEM)

Latest News for iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM)

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LDEM

3 ESG ETFs You Don&#39;t Know About But Should

iShares ESG MSCI EM Leaders ETF

<table cellspacing="0">
<tbody>
<tr>
<td colspan="3" rowspan="1">
FY2024&nbsp;Outlook
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
(Billion yen)
</td>
<td colspan="1" rowspan="1">
FY2024
			FORECAST
</td>
<td colspan="1" rowspan="1">
FY2024
			MANAGEMENT&nbsp;GUIDANCE
			Core Change at CER
			(Non-IFRS)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Revenue
</td>
<td colspan="1" rowspan="1">
4,350.0
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Core Revenue
</td>
<td colspan="1" rowspan="1">
4,350.0
</td>
<td colspan="1" rowspan="1">
Flat to slightly declining
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Reported Operating Profit
</td>
<td colspan="1" rowspan="1">
225.0
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Core Operating Profit
</td>
<td colspan="1" rowspan="1">
1,000.0
</td>
<td colspan="1" rowspan="1">
Approximately&nbsp;10%&nbsp;decline
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Reported Net Profit
</td>
<td colspan="1" rowspan="1">
58.0
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Reported EPS (Yen)
</td>
<td colspan="1" rowspan="1">
37
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Core EPS (Yen)
</td>
<td colspan="1" rowspan="1">
431
</td>
<td colspan="1" rowspan="1">
Mid-10s% decline
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted Free Cash Flow&#x2A;
</td>
<td colspan="1" rowspan="1">
350.0 - 450.0
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
</tr>
</tbody>
</table>

Earnings

News

Guidance

Takeda 2024 Outlook: Expects Revenue Of ¥ 4.35T, And Core EPS Of ¥431

Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) is set to release earnings results for its first quarter before the <a href="https://www.benzinga.com/quote/WBD/earnings">opening bell on May 9.</a>
Analysts expect the New York-based company to report a quarterly loss at 24 cents per share, versus a year-ago loss of 44 cents per share. Warner Bros. Discovery is projected to report quarterly revenue of $10.23 billion, compared to $10.7 billion a year ago according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Feb. 28, Locality announced a strategic local video advertising partnership with Warner Bros. Discovery.
Warner Bros. Discovery shares rose 0.4% to close at $7.80 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings </a>page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/WBD/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Wolfe Research analyst Peter Supino downgraded the stock from Peer Perform to Underperform with a price target of $7 on April 23. This analyst has an accuracy rate of 60%.</li>
<li>Rosenblatt analyst Barton Crockett upgraded the stock from Sell to Neutral and boosted the price target from $7 to $10 on March 21. This analyst has an accuracy rate of 68%.</li>
<li>Citigroup analyst Jason Bazinet maintained a Buy rating and cut the price target from $16 to $14 on Feb. 29. This analyst has an accuracy rate of 65%.</li>
<li>Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and cut the price target from $14 to $10 on Feb. 26. This analyst has an accuracy rate of 75%.</li>
<li>JP Morgan analyst Philip Cusick maintained a Neutral rating and slashed the price target from $13 to $10 on Feb. 26. This analyst has an accuracy rate of 60%.</li>
</ul>
Read This Next:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38699782/graftech-international-and-2-other-penny-stocks-insiders-are-buying"> GrafTech International And 2 Other Penny Stocks Insiders Are Buying</a>

Price Target

Pre-Market Outlook

Markets

Warner Bros. Discovery Likely To Report Narrower Q1 Loss; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Fear&#8221; zone on Wednesday.
U.S. stocks settled mixed on Wednesday, with the Dow Jones index recording gains for the sixth consecutive session.
Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) shares tumbled 5.7% on Wednesday following worse-than-expected first-quarter financial results. Tesla, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares fell 1.7% following reports that U.S. prosecutors are looking into whether Tesla misled investors and customers about its self-driving technology.
On the economic data front, U.S. wholesale inventories fell by 0.4% month-over-month in March compared to a revised 0.2% increase in the previous month.
Most sectors on the S&amp;P 500 closed on a negative note, with materials, real estate and consumer discretionary stocks recording the biggest losses on Wednesday. However, utilities and financials stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed higher by around 172 points to 39,056.39 on Wednesday. The S&amp;P 500 fell 0.01% at 5,187.67, while the Nasdaq Composite fell 0.18% at 16,302.76 during Wednesday's session.
Investors are awaiting earnings results from H&amp;R Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRB#NYSE">HRB</a>), US Foods Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>), and Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) today.
At a current reading of 39.4, the index remained in the &#8220;Fear&#8221; zone on Wednesday, versus a prior reading of 37.9.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38699782/graftech-international-and-2-other-penny-stocks-insiders-are-buying">GrafTech International And 2 Other Penny Stocks Insiders Are Buying</a>

RBLX

TSLA

UBER

USFD

Investor Optimism Improves, Dow Rises For 6th Straight Session

Takeda Pharmaceutical FY23 Core EPS ¥484 Down From ¥558 YoY, Sales ¥4.263T Up From ¥4.027T YoY

In a significant shift towards electric vehicles (EVs), General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) has announced plans to cease production of its gasoline-powered Chevrolet Malibu later this year.
What Happened: GM intends to halt the production of its Chevrolet Malibu car in November, Reuters reported on Thursday. The Detroit-based automaker is channeling a $390 million investment into its Kansas assembly plant to manufacture the next-generation Chevrolet Bolt EVs. The production of the previous generation Bolt was stopped in December.
The company has been progressively shifting its focus from cars to the production of more crossover and sport utility vehicles. The Malibu is the last Chevrolet car offered in the U.S., apart from the Corvette. The production of the Chevrolet <a href="https://www.benzinga.com/news/23/12/36252343/gm-announces-over-1-300-layoffs-as-chevrolet-camaro-bolt-production-ends">Camaro also ended last year</a>.
GM also declared a temporary halt in the production of the Cadillac XT4 after January 2025 in Kansas, resulting in layoffs of production employees until production resumes later in 2025 for both the Bolt EV and XT4 on the same assembly line.
See Also: <a href="https://www.benzinga.com/top-stories/24/05/38680302/tesla-will-temporarily-stop-production-at-german-gigafactory-heres-why?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Will Temporarily Stop Production At German Gigafactory: Here&#8217;s Why</a>
Despite selling over 10 million Malibus worldwide since 1964, GM saw a 12.5% drop in the sales of the Malibu in the first quarter of this year. However, sales were up 13% to 130,000 in 2023. 
Why It Matters: In its <a href="https://www.benzinga.com/news/earnings/24/04/38379260/general-motors-q1-earnings-surprise-north-america-growth-rising-profit-margin-and-annual-guidance-b">first quarter of 2024 results, </a>GM reported a 7.6% year-over-year sales growth to $43.01 billion, surpassing the analyst consensus estimate of $41.88 billion. The company&#8217;s market share reached 8.1% for the quarter, a decrease from 8.7% a year ago.
Following a first-quarter beat,<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38388017/general-motors-potential-in-ev-transformation-weighed-by-analysts-after-q1-beat-was"> GM raised its outlook for FY24, </a>projecting adjusted earnings per share of $9.00 – $10.00, higher than the prior view of $8.50 – $9.50. The company is focusing heavily on profitability, with expenses continuing to be a big priority.
However, GM dealers have expressed concerns over the<a href="https://www.benzinga.com/news/large-cap/24/01/36841779/dealers-urge-general-motors-to-embrace-hybrids-amid-electric-vehicle-hesitancy"> automaker's exclusive focus on fully electric cars, </a>urging the company to introduce hybrid models. They fear losing customers who are not yet ready to embrace fully electric vehicles. Dealers emphasized the growing demand for a middle ground between traditional gas-powered cars and electric vehicles (EVs).
Read Next: <a href="https://www.benzinga.com/news/24/05/38663810/lucid-ceo-throws-down-the-gauntlet-with-48k-ev-plan-to-take-on-teslas-dominance-wait-until-our-midsi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Lucid CEO Throws Down The Gauntlet With $48K EV Plan To Take On Tesla&#8217;s Dominance: &#8216;Wait Until Our Midsize Comes Out In Late 2026&#8217;</a>
Image by Kevauto via Shutterstock
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 Engineered by Benzinga Neuro, Edited by 
 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a> 
 
 
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 The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
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General

GM Kicks One More Iconic Gas-Powered Chevy Car To The Curb As EV Focus Sharpens

ICL Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICL#NYSE">ICL</a>) reported quarterly earnings of $0.09 per share which met the analyst consensus estimate. This is a 60.87 percent decrease over earnings of $0.23 per share from the same period last year. The company reported quarterly sales of $1.735 billion which missed the analyst consensus estimate of $1.752 billion by 0.95 percent. This is a 18.01 percent decrease over sales of $2.116 billion the same period last year.

Earnings Misses

ICL Group Q1 2024 GAAP EPS $0.09, Inline, Sales $1.735B Miss $1.752B Estimate

Braskem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAK#NYSE">BAK</a>) reported $3.618 billion in sales this quarter. This is a 3.34 percent decrease over sales of $3.743 billion the same period last year.

Braskem Q1 Sales $3.618B Down From $3.743B YoY, Net Loss $273M Down From Net Income $35M YoY

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) to report a quarterly loss at 53 cents per share on revenue of $922.98 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Roblox shares rose 0.7% to $39.30 in after-hours trading.</li>
<li>ZoomInfo Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NYSE">ZI</a>) reported upbeat first-quarter financial results, but issued weak second-quarter guidance. The company said it expects second-quarter EPS to be in the range of 23 cents to 24 cents, versus estimates of 25 cents per share. Second-quarter revenue is projected to be between $306 million and $309 million, versus estimates of $313.11 million. ZoomInfo shares gained 0.4% to $12.19 in the after-hours trading session.</li>
<li>Analysts are expecting US Foods Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>) to post quarterly earnings at 53 cents per share on revenue of $8.92 billion. The company will release earnings before the markets open. US Foods shares gained 1.4% to $53.10 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Beyond Meat Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) posted a wider-than-expected loss for its first quarter. The company sees second-quarter revenue to be between $85 million and $90 million and full-year 2024 revenue to be between $315 million and $345 million. Beyond Meat shares dipped 13.5% to $7.10 in the after-hours trading session.</li>
<li>Analysts expect H&amp;R Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRB#NYSE">HRB</a>) to post quarterly earnings at $4.62 per share on revenue of $2.14 billion after the closing bell. H&amp;R Block shares rose 0.9% to $48.95 in after-hours trading.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/05/38701877/jim-cramer-says-he-is-struggling-with-tesla-likes-this-industrial-giant">Jim Cramer Says He Is &#8216;Struggling&#8217; With Tesla, Likes This Industrial Giant</a>

BYND

Roblox, Beyond Meat And 3 Stocks To Watch Heading Into Thursday

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk said on Wednesday that the steering wheel nag a driver feels when full self-driving (FSD) assistance software is enabled would be removed with the next update after multiple users complained about the issue.
What Happened: The&nbsp;<a href="https://www.benzinga.com/news/23/09/34259971/tesla-raises-yoke-steering-wheel-price-fourfold-amidst-recent-model-s-x-price-adjustments" target="_blank" rel="noreferrer noopener">steering wheel&nbsp;</a>nag prompts users to apply pressure on the steering wheels when driver assistance features like autopilot or FSD are enabled. If the driver does not heed the visual prompts on the touch screen, it escalates into a beeping noise. While meant to improve safety, users have flagged that getting the vehicle to identify their hands&nbsp;<a href="https://www.benzinga.com/news/23/11/35693942/tesla-recalls-nearly-160-model-s-x-vehicles-over-steering-wheel-airbag-mismatch" target="_blank" rel="noreferrer noopener">on the wheel</a>&nbsp;is difficult.
However, the nag has been &#8220;fixed&#8221; in the FSD 12.4 version, Musk said on Wednesday in response to a user who requested it be killed. The CEO added that the new version of FSD will probably start rolling out next week.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Fixed in 12.4
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1788287199919636522?ref_src=twsrc%5Etfw">May 8, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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&#8220;12.4 has almost completely retrained models. The final touches are for comfort, as it sometimes accelerates or brakes too fast for most people's taste,&#8221; Musk said. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">12.4 has almost completely retrained models. The final touches are for comfort, as it sometimes accelerates or brakes too fast for most people's taste. 12.5 and 12.6 are in various stages of testing. We're getting into rare, complex situations, for example: going down a narrow,…
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1788236700709175700?ref_src=twsrc%5Etfw">May 8, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: Musk has said <a href="https://www.benzinga.com/news/23/11/35742948/tesla-users-continue-to-request-removal-of-steering-wheel-nag-despite-musks-promises-for-a-fix">several times in the past</a> that a fix is on the way. However, it hasn't materialized to date, and the demand for a fix continues.
In April 2023, Musk said, &#8220;We are gradually reducing it, proportionate to improved safety.&#8221;
A turn-off on the nag would suggest the company has eventually reached a point of safety with the FSD software where it can eventually switch it off. Tesla&#8217;s FSD, the company says, can enable vehicle autonomy in due time. Currently, however, it requires active driver supervision.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:&nbsp;<a href="https://www.benzinga.com/news/24/05/38694651/rivian-aims-to-churn-out-215k-evs-from-illinois-factory-with-r2-leading-charge-and-save-over-2b" target="_blank" rel="noreferrer noopener">Rivian Aims To Churn Out 215K EVs From Illinois Factory, With R2 Leading Charge, And Save Over $2B</a>
Image via Shutterstock

Tech

Tesla Drivers Rejoice: Elon Musk Says FSD Nag On Steering Wheel Is Finally Fixed And Rolling Out In Next Update

FINANCIAL&nbsp;GUIDANCE
Based on its current operating plans, argenx expects its combined Research and development and Selling, general and administrative expenses in 2024 to be less than&nbsp;$2 billion. argenx expects to utilize up to&nbsp;$500 million&nbsp;of net cash in 2024 on these anticipated operating expenses as well as working capital and capital expenditures.

ARGX

For 2024 argenx Expects Combined Research And Development And Selling, General And Administrative Expenses To Be Less Than $2B

argenx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) reported quarterly losses of $(0.52) per share which beat the analyst consensus estimate of $(0.74) by 29.73 percent. This is a 50 percent increase over losses of $(1.04) per share from the same period last year. The company reported quarterly sales of $398.283 million which missed the analyst consensus estimate of $405.776 million by 1.85 percent. This is a 82.68 percent increase over sales of $218.022 million the same period last year.

Earnings Beats

argenx Q1 2024 GAAP EPS $(0.52) Beats $(0.74) Estimate, Sales $398.283M Miss $405.776M Estimate

FVRR

Fiverr Updates 2024 Outlook: Now Sees Revenue $381M-$387M (Prior $379M- $387M) Vs. $382.799M Consensus And Adjusted EBITDA Of $67M-$73M (From $65M-$73M)

Financial&nbsp;Outlook
Our&nbsp;Q2&#39;24&nbsp;outlook&nbsp;and updated full year 2024&nbsp;guidance&nbsp;reflects the recent trends on our marketplace and is largely consistent with our prior expectations.
<table>
<tbody>
<tr>
<td>&nbsp;</td>
<td>Q2&nbsp;2024</td>
<td>FY 2024</td>
</tr>
<tr>
<td>Revenue</td>
<td>$93.5&nbsp;-&nbsp;$95.5 million</td>
<td>$381.0&nbsp;-&nbsp;$387.0 million</td>
</tr>
<tr>
<td>y/y growth</td>
<td>5%&nbsp;-&nbsp;7%&nbsp;y/y growth</td>
<td>5%&nbsp;-&nbsp;7%&nbsp;y/y growth</td>
</tr>
<tr>
<td>Adjusted EBITDA(1)</td>
<td>$16.0&nbsp;-&nbsp;$18.0 million</td>
<td>$67.0&nbsp;-&nbsp;$73.0 million</td>
</tr>
</tbody>
</table>

Fiverr Expects Q2 Revenue Of $93.5M-$95.5M Vs. $94.448M Consensus And Adjusted EBITDA Of $16M-$18M

In a recent development, Informa, a U.K.-based publishing and exhibitions company, has partnered with Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) valued at over $10 million. The deal will grant Microsoft access to Informa&#8217;s data, aiming to bolster its artificial intelligence systems.
What Happened: The data access agreement, active from 2024 to 2027, is anticipated to broaden the application of AI within Informa&#8217;s operations, underlining the unique worth of the company&#8217;s intellectual property, Financial Times <a href="https://www.ft.com/content/3ed7737e-3649-4afb-9071-caa13e7394d9">reported</a> on Wednesday. This collaboration is the latest in a string of partnerships between media groups and AI developers, providing new tools for Informa and assisting Microsoft in training its models on specialist data.
This deal is a significant step for Informa as it will enhance its operational performance and align the company with the higher end of its market guidance on revenues, adjusted operating profit, and free cash flow. 
See Also: <a href="https://www.benzinga.com/news/24/05/38689467/elon-musk-isnt-sure-apples-showed-its-entire-30b-r-d-prowess-with-new-ipads-maybe-they-have-some-sec?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Isn&#8217;t Sure If Apple Showed Its Entire $30B R&amp;D Prowess With New iPads: &#8216;Maybe They Have Some Se</a>
Analysts suggest that this deal will likely boost investor confidence, underlining the value of relevant data in specialist areas and the recurring nature of Microsoft&#8217;s payments. Informa, which has experienced a post-Covid surge in global events, reported strong performance across all major regions and anticipates revenues to reach nearly £3.5 billion ($4.37 billion) in the current financial year.
Why It Matters: This partnership follows a series of strategic moves by Microsoft, <a href="https://www.benzinga.com/government/24/05/38698335/joe-biden-set-to-unveil-microsofts-3b-ai-data-center-plan-on-same-wisconsin-land-where-trump-tried-t">including a $3.3 billion investment</a> in an AI data center in Wisconsin, the <a href="https://www.benzinga.com/markets/equities/24/05/38678153/microsoft-introduces-isolated-ai-for-us-intelligence-to-analyze-secret-data-report">introduction of an isolated AI model</a> for U.S. intelligence, and the development of a new <a href="https://www.benzinga.com/markets/equities/24/05/38651075/microsoft-takes-on-google-and-openai-with-new-ai-model-report">AI language model to compete</a> with Google and OpenAI.
Price Action: On the stock front, Microsoft&#8217;s shares closed at $410.54 on Wednesday, marking a slight increase of 0.29% from the previous close, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>. The company also reported a positive earnings surprise in the third quarter of 2024, with an EPS of $2.94 against an estimated $2.82.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38660790/is-apple-back-in-the-ev-game-tech-giant-reportedly-eyes-rivian-partnership?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Is Apple Back In The EV Game? Tech Giant Reportedly Eyes Rivian Partnership</a>
Image via Shutterstock
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 Engineered by Benzinga Neuro, Edited by 
 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a> 
 
 
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MSFT

Microsoft Signs $10M Deal With UK-Based Exhibitions Company To Boost AI Capabilities

Fiverr International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FVRR#NYSE">FVRR</a>) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.44 by 18.18 percent. This is a 44.44 percent increase over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $93.524 million which beat the analyst consensus estimate of $92.417 million by 1.20 percent. This is a 6.33 percent increase over sales of $87.956 million the same period last year.

Fiverr International Q1 2024 Adj EPS $0.52 Beats $0.44 Estimate, Sales $93.524M Beat $92.417M Estimate

Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) reported quarterly earnings of $3.86 per share which beat the analyst consensus estimate of $3.73 by 3.49 percent. This is a 24.76 percent decrease over earnings of $5.13 per share from the same period last year. The company reported quarterly sales of $338.343 million which beat the analyst consensus estimate of $221.550 million by 52.72 percent. This is a 14.27 percent decrease over sales of $394.657 million the same period last year.

Teekay Tankers Q1 2024 Adj EPS $3.86 Beats $3.73 Estimate, Sales $338.343M Beat $221.550M Estimate

Teekay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TK#NYSE">TK</a>) reported quarterly earnings of $0.44 per share. This is a 15.38 percent decrease over earnings of $0.52 per share from the same period last year. The company reported $365.05 million in sales this quarter. This is a 12.81 percent decrease over sales of $418.70 million the same period last year.

Teekay Q1 EPS $0.44 Down From $0.52 YoY, Sales $365.05M Down From $418.70M YoY

Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) head of product launches has resigned from the company, joining the long list of senior executives to leave as company CEO&nbsp;Elon Musk&nbsp;seeks to&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38244436/breaking-tesla-said-to-be-laying-off-over-14-000-employees" rel="noreferrer noopener">downsize the company's workforce.</a>
What Happened:&nbsp;Rich Otto&nbsp;took to LinkedIn to announce his departure from the electric vehicle giant.&nbsp;
Otto&#8217;s departure adds him to a growing list of senior executives who have left Tesla in recent weeks, including Senior Director of Charging Infrastructure Rebecca Tinucci, Director of New Product Introduction Daniel Ho, Senior Vice President of Powertrain and Energy Engineering Drew Baglino, and Vice President of Public Policy and Business Development Rohan Patel.
&#8220;Why leave? It's a company I love and that has given me so&nbsp;much,&nbsp;but has also taken its pound of flesh,&#8221; Otto wrote in his post. He&#8217;s been with Tesla for about seven years, since 2017.
&#8220;Great companies are made up of equal parts great people and great products, and the latter are only possible when its people are thriving,&#8221; Otto wrote.&nbsp;
&#8220;The recent layoffs that are rocking the company and its morale have thrown this harmony out of balance and it&#8217;s hard to see the long game. It was time for a change.&#8221;&nbsp;
Otto expressed hope that both the company and the laid-off employees can recover.
Why It Matters:&nbsp;Late last month, Tesla announced plans to cut costs through a&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38516190/elon-musk-cracks-whip-harder-2-more-senior-tesla-execs-reportedly-exit-as-ceo-demands-absolutely-har" rel="noreferrer noopener">10% workforce reduction</a>, impacting an estimated 14,000 employees. These layoffs reflect broader challenges facing the company, including declining sales and pricing pressures.
For the first quarter, Tesla reported revenue of $21.3 billion, down from the $23.33 billion reported a year earlier. This is the first time the company&#8217;s quarterly&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38398667/tesla-bulls-praise-musks-q1-earnings-call-see-ev-giant-on-collision-course-with-ube" rel="noreferrer noopener">revenue has fallen</a>&nbsp;since the pandemic in 2020. Tesla&#8217;s net profit stood at $1.13 billion, falling 55% from $2.51 billion a year earlier.
Price Action:&nbsp;Tesla stock closed 1.7% lower on Wednesday at $174.72 and dropped 0.2% after hours. The stock is down nearly 30% year-to-date, according to data&nbsp;<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">from Benzinga Pro.</a>
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:&nbsp;<a href="https://www.benzinga.com/news/24/05/38694651/rivian-aims-to-churn-out-215k-evs-from-illinois-factory-with-r2-leading-charge-and-save-over-2b" target="_blank" rel="noreferrer noopener">Rivian Aims To Churn Out 215K EVs From Illinois Factory, With R2 Leading Charge, And Save Over $2B</a>
Image via Shutterstock

Tesla's Head Of Product Launches Departs After Feeling EV Giant Took 'Pound Of Flesh' Amid Mass Firings: 'It's Hard To See The Long Game'

Jim Cramer, the host of CNBC&#8217;s &#8220;Mad Money,&#8221; has emphasized the significance of a company&#8217;s guidance in the current market environment, stating that it can significantly impact stock performance.
What Happened: Cramer, in his recent show, highlighted the crucial role of a company&#8217;s future guidance in determining its stock&#8217;s fate, <a href="https://www.cnbc.com/2024/05/08/cramer-says-guidance-really-matters-as-wall-street-senses-a-slowdown.html">reported</a> CNBC on Wednesday. 
"Welcome back to a very skittish market, one where investors aren't interested in how you did, they only care about what you say you'll do in the future," he said. "So, if you aren't offering a healthy, sharply better-than-expected forecast, well, your stock is instant roadkill."
He noted that even companies with strong quarterly results, such as Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), Datadog Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), and Upstart Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), experienced stock declines due to less-than-ideal guidance.
Disney&#8217;s shares dropped by around 10% after its finance chief, Hugh Johnston, mentioned a &#8220;global moderation from peak post-Covid travel&#8221; during the company&#8217;s earnings call. 
Cramer suggested that investors could consider buying these stocks if the Federal Reserve were to start cutting interest rates, but he also stressed the current significance of soft guidance on stock performance.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38654240/bitcoin-ethereum-dogecoin-lose-ground-cannot-back-up-fridays-etf-flows-inflows-bitcoin-is-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Lose Ground, Cannot Back Up Friday&#8217;s ETF Flows Inflows: &#8216;Bitcoin Is The Escape Hatch&#8217;</a>
&#8220;Now, there are times when I think we need to take all of these forecasts with a grain of salt,&#8221; he said. &#8220;You need to understand that in this market, even though the guidance is just the guidance, right now the guidance is all that matters.&#8221;
Why It Matters: Earlier this week, Cramer <a href="https://www.benzinga.com/news/24/05/38691510/jim-cramer-advises-investors-to-brace-for-economic-slowdown-shares-tips-to-maintain-balanced-portfol">advised investors to brace for an economic slowdown</a> and suggested strategies to navigate the challenging period. He emphasized the importance of maintaining a balanced portfolio amid the ongoing economic slowdown and urged investors to be prepared for potential losses.
Meanwhile, investment strategist Ed Yardeni warned about a potential <a href="https://www.benzinga.com/news/24/05/38720656/feds-rate-cut-could-trigger-stock-market-melt-up-warns-investment-strategist">stock market &#8220;melt-up&#8221;</a> driven by Federal Reserve rate cuts. Yardeni highlighted the re-emergence of the &#8220;Fed Put&#8221; concept, suggesting that the Fed will intervene with interest rate cuts to prevent economic downturns, potentially leading to a stock market melt-up.
On the other hand, Tom Lee, the head of research at Fundstrat, suggested that the <a href="https://www.benzinga.com/markets/equities/24/05/38659544/jim-cramer-suggests-end-of-market-sell-off-points-to-big-tech-recovery-stop-waiting-for-a-correc">recent inflation figures</a> for March have been higher than expected for the third consecutive month. He attributed the elevated readings to delays in official statistics, pointing out that real-time home and rent prices are stabilizing. He advised investors to consider purchasing stocks this month, citing a forthcoming significant decline in inflation.
Read Next: <a href="https://www.benzinga.com/partner/markets/24/05/38581492/how-can-small-investors-access-private-deals-with-big-potential?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How Can Small Investors Access Private Deals With Big Potential?</a>
Image Via Shutterstock 
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
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The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
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Equities

Global

DDOG

UPST

'Welcome Back To A Very Skittish Market,' Says Jim Cramer, Highlighting Importance Of Company Guidance Amid Volatile Market

Wedbush analyst Dan Ives has emphasized the significance of China in Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) growth trajectory. This comes after reports of the company&#8217;s plans to test its robotaxis in China.
What Happened: Ives, in an interview with CNBC, referred to China as the &#8220;heart and lungs of Tesla growth story.&#8221; He highlighted the importance of the Chinese market, especially in light of the company&#8217;s robotaxi plans.
Chinese state media disclosed that Tesla would be conducting trials of its robotaxis in China. Although the Chinese government has not given the green light for a full rollout of Tesla&#8217;s Full Self-Driving functions, it has reportedly <a href="https://www.benzinga.com/news/24/05/38692792/tesla-robotaxis-hitting-chinas-streets-soon-ev-giant-reportedly-welcomed-to-do-some-trials-but-no-fu">welcomed the company to conduct some robotaxi tests</a> in the country.
CEO &#8220;Elon Musk continues to play well in that sandbox in Beijing,&#8221; says Ives. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;China, in my opinion, is the heart and lungs of the Tesla growth story,&quot; says <a href="https://twitter.com/DivesTech?ref_src=twsrc%5Etfw">@DivesTech</a> after Chinese state media reported that Tesla plans to test its robotaxis in China. &quot;<a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> continues to play well in that sandbox in Beijing. <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> <a href="https://t.co/OraDhM7drF">pic.twitter.com/OraDhM7drF</a>
&mdash; Last Call (@LastCallCNBC) <a href="https://twitter.com/LastCallCNBC/status/1788354312772485351?ref_src=twsrc%5Etfw">May 8, 2024</a></blockquote>
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China has been a key focus for Tesla in recent months. In April, the company teamed up with Baidu to introduce its <a href="https://www.benzinga.com/markets/asia/24/04/38481213/breaking-tesla-reportedly-teams-up-with-baidu-to-roll-out-fsd-in-china">driver assistance features</a> in China. This partnership was aimed at providing high-precision, lane-level mapping and navigation data for China, which is essential for deploying Tesla&#8217;s FSD software in the East Asian market.
See Also: <a href="https://www.benzinga.com/news/24/05/38662140/elon-musk-rofls-over-lucids-ginormous-q1-loss-and-ceo-rawlinsons-claims-about-what-really-sets-tesla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk ROFLs Over Lucid&#8217;s Ginormous Q1 Loss And CEO Rawlinson&#8217;s Claims About What Really Sets Tesla Rival Apart</a>
Why It Matters: Tesla&#8217;s focus on China is not new. The company has been making significant strides in the region, with analysts predicting that its <a href="https://www.benzinga.com/news/24/04/38531925/tesla-set-to-boost-revenue-and-margins-with-china-breakthrough-analyst-predicts">revenue and margins will be boosted</a> by its China breakthrough. The company&#8217;s success in China is seen as a crucial factor in its global growth strategy.
Moreover, the recent developments in China coincide with a <a href="https://www.benzinga.com/news/24/05/38662366/heir-apparent-departs-elon-musks-rumored-tesla-successor-leaves-north-america-to-sharpen-focus-on-ch">broader executive shake-up at Tesla</a>, with several top officials stepping down. The return of Tom Zhu, long rumored to be Musk&#8217;s successor at Tesla, to his role in China also underscores the company&#8217;s focus on the region.
Read Next: <a href="https://www.benzinga.com/news/24/05/38663810/lucid-ceo-throws-down-the-gauntlet-with-48k-ev-plan-to-take-on-teslas-dominance-wait-until-our-midsi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Lucid CEO Throws Down The Gauntlet With $48K EV Plan To Take On Tesla&#8217;s Dominance: &#8216;Wait Until Our Midsize Comes Out In Late 2026&#8217;</a>
Image Via Shutterstock 
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
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The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
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Latest News for iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM)

Thursday, February 13, 2020