Equities Archives - Page 125 of 1061

1 minute read

LL Flooring Posts Q1 Earnings Below Estimates As Interest Rate And Inflation Bite; Dodges Outlook

May 8, 8:27 AM

Discover insights into LL Flooring Holdings, Inc.'s first-quarter FY24 performance, revealing a 21.7% sales decline to $188.490 million. Despite a 21.5% drop in comparable store sales, the gross margin expanded to 37.8%. However, adjusted EPS fell to $(1.04), missing estimates.

1 minute read

Why Budweiser Parent Anheuser-Busch InBev’s Shares Are Taking Off Today

By Shivani Kumaresan

May 8, 8:09 AM

Discover why Anheuser-Busch InBev is surging post-earnings! With a 2.6% sales growth in Q1 FY24, beating estimates, the beverage giant showcases resilience amid market shifts.

BUD

2 minute read

Why Does Warren Buffett’s Bet On Apple And BYD Make More Sense Than Berkshire Throwing Money At Tesla? Fund Manager Explains

By Shanthi Rexaline

May 8, 7:40 AM

Buffett is a value investor, who typically expects growth rates and margins to revert to the mean.

BRK

2 minute read

‘Is He Trying To Be Cramer?’ Elon Musk Pokes Fun At Gary Black’s Old Comments On Rivian As Tesla Rival Struggles To Make Its Mark

By Benzinga Neuro

May 8, 7:35 AM

Black had estimated Rivian's market cap at around $70 billion, assuming the company would produce 150,000 electric vehicles per year by 2024.

RIVN

3 minute read

Wall Street Poised For Muted Open On Mixed Earnings, With More Fed Speeches In Store: Analyst Sees S&P 500 Crossing Late-March High

By Shanthi Rexaline

May 8, 7:13 AM

U.S. stocks are on track for a mixed start on Wednesday as the market digests mixed earnings reports and looks ahead to more speeches by Federal Reserve officials.

ABNB

2 minute read

Prominent Apple Bull Reveals Surprise Takeaway From Apple’s iPad Launch: Tim Cook’s AI Ambitions Now ‘Lot Faster…With Announcement Of M4 Chip’

By Rounak Jain

May 8, 7:11 AM

Prominent Apple bull Gene Munster has highlighted a "surprise takeaway" regarding Tim Cook's AI ambitions after the iPad launch.

AAPL

2 minute read

Amazon, Telefonica’s Bold Venture To Transform Telecommunications – What’s On The Cards?

By Shivani Kumaresan

May 8, 6:44 AM

Telefonica SA's German branch is set to migrate one million 5G users to Amazon Web Services (AWS) this month, marking a groundbreaking partnership. This move, a first for established mobile operators, signals a seismic industry shift towards public clouds, boosting efficiency and scalability.

AMZN

2 minute read

Byron Allen On Paramount-SkyDance Merger: ‘We Want To Buy All The Shares, Take It Private’

By Benzinga Neuro

May 8, 6:35 AM

Media magnate Byron Allen has shown interest in acquiring Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA), intending to privatize it before…

PARA

2 minute read

Why Rivian Stock Is Sliding Downhill Premarket Today

By Shanthi Rexaline

May 8, 6:07 AM

Rivian's fairly in-line results have not cut ice with investors, with a fund manager blaming the negative sentiment on a wider-than-expected free cash flow loss.

FFND

2 minute read

200 Jobs In Jeopardy As Microsoft Halts Operations At Nigeria Engineering Center Amid Economic Struggles

By Benzinga Neuro

May 8, 6:01 AM

Microsoft has decided to close its engineering center in Nigeria, citing economic challenges as the primary reason.

MSFT