Latest News for Nexi Stock (OTC:NEXPF)

Nexi is a payment services provider offering merchant acquiring, card issuing, and digital banking services across Europe. Nexi's services cover the entire payment chain excluding the card scheme. It offers its acquiring and issuing services either in partnerships with banks, providing point-of-sale terminals, processing, or issuing services on their behalf or directly to merchants.

News

Tech

Media

NEXPF

NEXXY

SFTBF

SFTBY

A group of companies, including Mastercard Inc (NYSE: MA), SoftBank Group Corp (OTC: 

Mastercard, SoftBank And Leading Companies Seek G7 To Create Global Tech Body: FT

Nexi SpA

INVA

Innoviva Specialty Announced That Positive Results From The Phase 3 Oral Zoliflodacin Trial Will Be Highlighted In An Oral Presentation At The European Society Of Clinical Microbiology And Infectious Disease Global Congress

Silicon Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>) reported quarterly losses of $(0.92) per share which beat the analyst consensus estimate of $(0.98) by 6.12 percent. The company reported quarterly sales of $106.375 million which beat the analyst consensus estimate of $105.084 million by 1.23 percent. This is a 56.90 percent decrease over sales of $246.787 million the same period last year.

Earnings

Earnings Beats

SLAB

Silicon Laboratories Q1 2024 Adj EPS $(0.92) Beats $(0.98) Estimate, Sales $106.375M Beat $105.084M Estimate

Guidance

HCSG

Healthcare Services Reiterates 2024 Forecast For Adjusted Cash Flow Range Of $40M-$55M; Expects Q2 Revenue In The Range Of $420M-$430M Vs. $430.417M Consensus

ARQQ

Arqit Quantum Announced The Successful Trial Deployment Of Arqit's Network Secure Product By The Satellite Applications Catapult Which Works Across The Space Sector To Make Use Of And Benefit From Satellite Technologies

Visa Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) shares are trading higher in the<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">&nbsp;premarket session on Wednesday.</a>
After yesterday&#8217;s closing bell, Visa reported second-quarter 2024 adjusted earnings of $2.51 per share,&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38391557/visa-shares-rise-after-better-than-expected-q2-results" rel="noreferrer noopener">which beat the analyst consensus estimate of $2.44 by 2.87%.&nbsp;</a>
Payments volume for the three months ended March 31, 2024, increased by 8%, while cross-border volume,&nbsp;excluding transactions within Europe, which drives international transaction revenue, increased
16% on a constant-dollar basis. Total cross-border volume on a constant-dollar basis increased by 16% in the quarter.
Quarterly revenues came in at $8.775 billion, beating the analyst consensus estimate of $8.627 billion, up 9.89% year over year.
Cash, equivalents, and investment securities were $20.8 billion at March 31, 2024.
Visa expects third-quarter net revenue growth in the low double-digits and earnings per share in the high end of low double-digits.
The company&nbsp;currently&nbsp;expects full-year 2024 net revenue growth in the low double-digits and earnings per share growth in&nbsp;the the low-teens.
Read Next:<a target="_blank" 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" rel="noreferrer noopener">&nbsp;</a><a target="_blank" 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" rel="noreferrer noopener">General Motors&#8217; Potential In EV Transformation Weighed By Analysts After Q1 Beat- Was This a &#8216;Prove Me&#8217; Quarter For CEO Mary Barra?</a>
Price Action: V shares are trading higher by 2.84% to $281.89 premarket at the last check Wednesday.
Photo via Shutterstock

Equities

Markets

Movers

General

What's Going On With Visa Shares Wednesday?

TLRY

Tilray Brand Announced The Release Of New Cannabis Flower Products Added To The Good Supply 'Bud Squad'

ATAI

Atai Life Sciences Disclosed Dosing Of First Patient In Part 2 Of Beckley Psytech's Phase 2a Study Exploring BPL-003 Adjunctive To SSRIs In Patients With Treatment Resistant Depression

Biotech

Health Care

RDHL

RedHill Announces First Patient Enrolled in U.S. Government-Supported COVID-19 Study Of RHB-107 (Upamostat), The Study Is Expected To Be Completed By The End Of 2024

Mizuho analyst Anthony Crowdell maintains NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) with a Buy and raises the price target from $67 to $71.

Price Target

Analyst Ratings

Mizuho Maintains Buy on NextEra Energy, Raises Price Target to $71

Masco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAS#NYSE">MAS</a>) reported quarterly earnings of $0.93 per share which beat the analyst consensus estimate of $0.88 by 5.68 percent. This is a 8.14 percent increase over earnings of $0.86 per share from the same period last year. The company reported quarterly sales of $1.926 billion which missed the analyst consensus estimate of $1.939 billion by 0.69 percent. This is a 2.68 percent decrease over sales of $1.979 billion the same period last year.

Earnings Misses

Masco Q1 2024 Adj EPS $0.93 Beats $0.88 Estimate, Sales $1.926B Miss $1.939B Estimate

TMHC

Taylor Morrison Announced The Opening Of Its Trailstone Community In Arvada

Rogers Communications Reported Q1 Revenue of C$4.90B, up by 28% YoY, Adj EPS of C$0.99 Vs C$1.09 YoY

TZOO

Travelzoo Expects Continued Growth In Revenue Y/Y In Q2, Albeit At A Smaller Pace Than In 2023

Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) recently reported impressive fiscal second quarter 2024 results, with net revenue increasing by 10% and payments volume growing by 8%. While these numbers may seem like a positive indicator for the economy, as they suggest strong consumer spending, a closer look at the current state of consumer credit card debt paints a more troubling picture.
According to the latest consumer debt data from the Federal Reserve Bank of New York, Americans&#8217; total credit card balance has reached a staggering $1.129 trillion in the fourth quarter of 2023. This marks the third consecutive quarter in which credit card balances have surpassed the $1 trillion mark, a level never seen before the second quarter of 2023.
The recent increase in credit card debt is particularly concerning, as balances have risen by $273 billion since the fourth quarter of 2021. This surge in debt has been fueled by record-high interest rates, persistent inflation, and various other economic factors, which are likely to continue driving credit card balances even higher in the near future.
<h2 class="wp-block-heading">Are Visa&#8217;s Earnings a Reflection of Increased Consumer Debt?</h2>
Visa&#8217;s strong earnings report, which highlights an increase in transactions and payment volume, may actually be a reflection of consumers falling deeper into debt to maintain their spending habits. As Ryan McInerney, Visa's Chief Executive Officer, noted, &#8220;Overall payments volume grew 8% and cross-border volume grew 16%, driven by stable consumer spending.&#8221;
However, this &#8220;stable consumer spending&#8221; could be masking the reality that many Americans are relying on credit cards to make ends meet, rather than an indication of genuine economic prosperity. The historical trend of credit card debt growth, as shown by the Federal Reserve Bank of New York&#8217;s data, reveals a pattern of &#8220;hockey-stick&#8221; growth followed by sharp declines during economic crises, such as the 2008 financial collapse and the 2020 pandemic.
As credit card balances continue to climb, the risk of a similar economic downturn increases. When consumers are unable to pay off their credit card debts, they may be forced to cut back on spending, which could lead to a slowdown in economic growth. Additionally, the high interest rates associated with credit card debt can make it increasingly difficult for individuals to get back on solid financial footing.
While Visa&#8217;s strong earnings may be celebrated by investors, the results should be viewed with caution. The underlying growth in consumer credit card debt suggests that the economy may be on a less stable footing than Visa&#8217;s numbers would imply.
<h2 class="wp-block-heading">Passive Income Investments Are One of The Most Trusted Methods for Riding Out a Recession</h2>
Growing consumer credit card debt is just one indicator pointing to a potential recession in the near future, so it&#8217;s important to consider investment options that can continue providing returns even if the market begins to struggle. 
Cityfunds has introduced an exclusive opportunity for accredited investors to secure an impressive 7% &#8211; 8% APY by capitalizing on the growing $32.6 trillion home equity market. The <a href="https://www.benzinga.com/go/cityfunds-yield-YF">Cityfunds Yield fund</a> provides quarterly distributions and is backed by a diversified portfolio of real estate assets, ensuring stable and robust cash flow with a commitment to safety and high returns.
<h2 class="wp-block-heading">Why the Yield Fund Stands Out</h2>
Cityfunds&#8217; Yield fund targets an 8% annual payout with a guaranteed floor of 7%, significantly higher than many traditional investment options. The fund is backed by collateralized real estate loans and <a href="https://finance.yahoo.com/news/home-equity-investments-become-emerging-041014938.html">home-equity agreement-backed notes</a>. With a redemption option post a 12-month lock-up and a five-year term, this fund not only offers excellent income potential but also provides the flexibility sophisticated investors seek.
<a href="https://www.benzinga.com/go/cityfunds-yield-YF">Learn more about the Yield fund.</a>
<h2 class="wp-block-heading">Cityfunds Available to Non-Accredited Investors</h2>
While the Yield fund caters exclusively to accredited investors, Cityfunds offers a variety of other <a href="https://www.benzinga.com/go/cityfunds-yf">investment opportunities available to all</a>. Whether you&#8217;re looking to invest in Dallas, Miami, Los Angeles or one of several other growing markets, each Cityfund is designed to provide investors access to diversified home equity investments across the nation&#8217;s top cities. This approach spreads your investment across multiple properties, enhancing portfolio stability and minimizing risk. <a href="https://www.benzinga.com/go/cityfunds-yf">Check out the cities you can invest in today.</a>

Visa's Strong Earnings May Be A Troubling Sign For The Economy

ALKS

Alkermes Expects To Initiate Vibrance-2 Phase 2 Study In Narcolepsy Type 2 In 2H 2024

Tesla, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares are surging in premarket trading on Wednesday after the electric vehicle maker released its&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38381361/us-private-sector-growth-unexpectedly-slows-in-april-marks-lowest-increase-in-4-mon" rel="noreferrer noopener">first-quarter results</a>.
Mixed Performance:&nbsp;While the&nbsp;Elon Musk-led company missed expectations on both earnings and revenue for the third consecutive quarter, there were some bright spots.&nbsp;
The core auto gross margin exceeded analyst estimates, possibly due to one-time recognition of revenue from deferred full self-driving (FSD) sales, according to&nbsp;Gary Black&nbsp;of&nbsp;Future Fund. However, the company also reported a significant negative free cash flow.
Rallying Despite Misses:&nbsp;The premarket stock surge might be because the fundamental underperformance&nbsp;was already priced&nbsp;into the stock.
Positive Notes and Analyst Shifts:&nbsp;Despite analysts raising concerns about potentially&nbsp;negative&nbsp;sales growth in 2024, Musk maintained that sales will likely increase, albeit&nbsp;at a slower pace.&nbsp;
Investors also reacted favorably to his comments about launching the next generation of vehicles, including more affordable models, by early 2025 or even sooner.
However, a bearish analyst believes Tesla is abandoning plans for a low-cost EV and is instead focusing on cost-cutting measures for existing models.
Following the earnings call, some analysts adjusted their outlooks on the stock:
<ul>
<li>BofA Securities upgraded Tesla from Hold to Buy.</li>
<li>Mizuho Securities maintained a Neutral rating but lowered the price target from $195 to $180.</li>
<li>Needham reiterated a Hold rating.</li>
</ul>
In premarket trading, the stock soared 12.32% to $162.51, according to<a href="https://benzinga.grsm.io/lxquj26b2sag"> Benzinga Pro.</a>
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
See Also: <a href="https://www.benzinga.com/money/everything-you-need-to-know-about-tesla-stock" target="_blank" rel="noreferrer noopener">Everything You Need To Know About Tesla Stock</a>
Photo via Shutterstock

Analyst Color

Trading Ideas

TSLA

Why Is Tesla Stock Surging Premarket Despite Q1 Miss?

Mizuho analyst Nitin Kumar maintains Matador Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTDR#NYSE">MTDR</a>) with a Buy and raises the price target from $76 to $78.

MTDR

Mizuho Maintains Buy on Matador Resources, Raises Price Target to $78

Alkermes Initiates Vibrance-1 Phase 2 Study Of ALKS 2680 For Narcolepsy Type 1

Stifel Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SF#NYSE">SF</a>) reported quarterly earnings of $1.49 per share which beat the analyst consensus estimate of $1.47 by 1.36 percent. The company reported quarterly sales of $1.163 billion which beat the analyst consensus estimate of $1.137 billion by 2.25 percent. This is a 5.06 percent increase over sales of $1.107 billion the same period last year.

Stifel Financial Q1 2024 Adj EPS $1.49 Beats $1.47 Estimate, Sales $1.163B Beat $1.137B Estimate

Healthcare Services Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCSG#NASDAQ">HCSG</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.19 by 15.79 percent. This is a 10 percent increase over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $423.433 which missed the analyst consensus estimate of $424.949 million by 100.00 percent. This is a 100.00 percent decrease over sales of $417.230 million the same period last year.

Healthcare Services Group Q1 2024 Adj EPS $0.22 Beats $0.19 Estimate, Sales $423.433 Miss $424.949M Estimate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Latest News for Nexi Stock (OTC:NEXPF)

Tuesday, March 23, 2021