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Meta's Q1 Earnings: Most Analysts Support AI Strategy, While One Says 'Use Meta As A Source Of Funds,' Questions Its Long-Term Value
2024 Apr 25, 2:25pm | 1811Meta Platforms Inc (NASDAQ:META) reported its first-quarter 2024 earnings, revealing a revenue of $36.45 billion, which surpassed analyst estimates. Despite this positive revenue performance, Meta Platforms’ shares declined by 15% in after-market trading due to lower-than-expected revenue in...
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Capcom Raises Earnings Outlook Thanks To Dragon's Dogma 2, Street Fighter 6
2024 Apr 25, 2:04pm | 304Capcom ADR (OTC:CCOEY) announced a revised full-year consolidated earnings forecast, anticipating a boost from Dragon's Dogma 2 and Street Fighter 6. For the fiscal year ending March 31, the company raised the net income forecast from ¥40 million ($300,000) to ¥43.3 million ($320,000). The...
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AT&T Q1 Earnings Beat Estimates, Revenues Remain Flat Y/Y
2024 Apr 24, 4:15pm | 1177AT&T Inc. (NYSE: T) reported modest first-quarter 2024 results, as solid wireless traction and customer additions were partially offset by lower demand for legacy voice and data services. The company recorded strong subscriber growth backed by a resilient business model and robust cash flow...
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Does Boeing's Q1 Earnings Beat Offer A Buy-The-Dip Opportunity While Investors Stay Bearish?
2024 Apr 24, 12:34pm | 552Boeing Co (NYSE:BA) is currently a mixed bag. The Arlington County, Virginia-based company reported better-than-feared quarterly results and noted stabilization in its 737 Max supply chain, despite outrage and potential lawsuits over two tragic crashes. Outgoing CEO Dave Calhoun continues to tout...
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Capital City Bank Q1 Earnings Beat Estimates
2024 Apr 22, 1:13pm | 660Capital City Bank (NASDAQ: CCBG) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings...
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Netflix Stock Tumbles: Analyst Says Streaming Giant 'Doing Everything Right' But Growth Factor Doesn't Meet 'Hurdle For True Tech Company'
2024 Apr 19, 4:44am | 523Shares of Netflix, Inc. (NASDAQ:NFLX) fell sharply in after-hours trading on Thursday following its first-quarter earnings release. Fund manager Gary Black and tech venture capitalist Gene Munster weighed in with their takes on the report. The company reported first-...
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Strong AI Chip Demand Propels Key Apple, Nvidia Supplier Past Q1 Expectations
2024 Apr 18, 2:30am | 666Chipmaking giant Taiwan Semiconductor Manufacturing Company (NYSE:TSM) on Thursday reported first-quarter results that beat market expectations, thanks to strong demand from companies involved in artificial intelligence. What Happened: TSMC’s revenue rose 16.5% to NT$592.64 billion...
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U.S. Bancorp's Q1 Earnings Beat Estimates, Provisions Rise
2024 Apr 17, 4:32pm | 803U.S. Bancorp's (NYSE: USB) first-quarter 2024 adjusted earnings per share (excluding the impact of notable items) of 90 cents beat the Zacks Consensus Estimate by a penny. However, the bottom line declined 22.4% from the prior-year quarter's level. Shares of USB have declined 3.90% in the...
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Market Reaction To Bank Earnings Is Mixed, JPMorgan Analysts Project Further Decline In Net Interest Income
2024 Apr 17, 4:15pm | 1157As the U.S. financial sector grapples with recent earnings releases, investor reactions have been mixed. Some stocks are witnessing declines. Others are posting gains. See below. Banks Q1 Earnings Reports And Market Reactions, So Far Company Ticker Mkt Cap ($ mn) Price ($) Rating JPMorgan...
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These 2 Aerospace Stocks Could Beat Earnings: Why They Should Be on Your Radar
2024 Apr 16, 4:41pm | 662Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important. The earnings figure itself is...
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Goldman Q1 Earnings Beat Estimates, Revenues Rise Y/Y
2024 Apr 16, 4:41pm | 813The Goldman Sachs Group, Inc.'s (NYSE: GS) first-quarter 2024 earnings per share of $11.58 surpassed the Zacks Consensus Estimate of $8.54. Also, the bottom line increased 16.3% from the year-earlier quarter. Shares of the company gained 4.02% in the pre-market trading on an earnings beat....
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Major US Banks Top Q1 Earnings Estimates As High Interest Rates Offer Tailwinds: 'Indicators Continue To Be Favorable,' Jamie Dimon Says
2024 Apr 12, 9:17am | 896Five prominent U.S. financial institutions unveiled their first-quarter financial performance on Friday, surpassing consensus forecasts for both earnings and revenue, highlighting the favorable climate for banks amid heightened interest rates and a robust economy. Here’s a summary of the...
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534% Revenue Surge Unveiled By Israeli CBD-Focused Pharma Company, Exceeding Expectations
2024 Apr 02, 4:28pm | 768Innocan Pharma Corporation (OTCQB:INNPF) (CSE:INNO) (FSE: IP4), a cannabinoids-focused pharmaceutical company based in Israel, announced Monday its financial results for the the year ended December 31, 2023. The company reported a nearly sixfold increase in its revenues, reaching US$13.7 million,...
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Cannabis Finance Company Silver Spike Announces Solid 2023 Gains
2024 Mar 28, 4:11pm | 715Silver Spike Investment Corp. (NASDAQ:SSIC), a cannabis-focused specialty finance company, announced Wednesday its financial results for the year ending December 31, 2023. Quarter Ended 12/31/2023 Financial Highlights Net investment income of $1.7 million, or $0.28 per share compared to $1.6...
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FedEx Confidently Delivered An Earnings Growth Surprise Owed To Structural Cost Cuts
2024 Mar 22, 3:12pm | 568On Thursday, FedEx Corporation (NYSE: FDX) surprised Wall Street withby surpasing earnings estimates for its fiscal 2024 third quarter, while revenue came short of estimates. Amid a backdrop shaped by macroeconomic uncertainty, FedEx also narrowed its full fiscal year earnings outlook but...
Coverage of Earnings Beats.