Large Cap Archives - Page 36 of 437

2 minute read

Why UBS Shares Are Seeing Blue Skies Today

May 7, 1:58 PM

UBS Group AG reported strong first-quarter FY24 results, with sales of $12.74 billion and net profit of $1.76 billion. The company plans to cut jobs and complete a merger with Credit Suisse AG by May 2024.

AVDE

2 minute read

US Stocks Eye Fourth Positive Session Despite Hawkish Fed Remarks; Disney, Palantir Tumble; Treasury Yields Fall: What’s Driving Markets Tuesday?

By Piero Cingari

May 7, 1:18 PM

Wall Street experienced a quiet session during morning trading on Tuesday, influenced by a lack of significant economic data and minimal updates on earnings from major large-cap companies.

AAPL

2 minute read

Band-Aid Maker Kenvue Cuts Workforce By 4%, Q1 Earnings Beat Street Expectations

By Vandana Singh

May 7, 12:52 PM

Kenvue's first-quarter sales of $3.89 billion. Organic growth surged by 1.9% amidst strong demand in Self Care and Essential Health segments. Kenvue's strategic workforce reduction and targeted cost savings.

KVUE

1 minute read

What About Eli Lilly’s Drug For Early Alzheimer’s? FDA Panel To Discuss Next Month

By Vandana Singh

May 7, 12:38 PM

FDA's advisory committee meeting on June 10, 2024, discussing Eli Lilly's donanemab for early Alzheimer's.

LLY

1 minute read

Duke Energy Powers Up: Beats On Q1 Earnings & Revenue, Reaffirms FY24 Outlook

By Lekha Gupta

May 7, 10:53 AM

Duke Energy reported Q1 FY24 adjusted EPS of $1.44, beating consensus of $1.38. Revenues also exceeded consensus at $7.67 billion. FY24 outlook reaffirmed, with long-term EPS growth of 5%-7%.

DUK

1 minute read

Jacobs Solutions Hits Some Bumps Despite Q2 Beat, Narrows Outlook

By Lekha Gupta

May 7, 10:46 AM

Jacobs Solutions reported Q2 FY24 results with revenue up 4.7% Y/Y, beating consensus. They also narrowed their outlook for adjusted EBITDA and EPS. Stock trading lower.

AHOY

2 minute read

Why Rockwell Automation Shares Are Falling Tuesday

By Lekha Gupta

May 7, 9:51 AM

Rockwell Automation reported lower Q2 FY24 results and cut its FY24 outlook. Sales fell 6.6% Y/Y, but total ARR grew 20% Y/Y. Adjusted EPS beat estimates at $2.50. Company is searching for new CFO.

GAST

2 minute read

Nvidia Is ‘De Facto AI Standard For The Foreseeable Future’: Goldman Sachs Analyst Revises Share Price Expectations

By Piero Cingari

May 7, 9:27 AM

Goldman Sachs raises Nvidia price target to $1,100 ahead of its earnings report, citing strong AI server demand and improved supply chain.

AMD

1 minute read

East Meets Green: TotalEnergies and Sinopec Team Up for Low-Carbon Future

By Lekha Gupta

May 7, 8:26 AM

TotalEnergies SE and SINOPEC have signed a strategic cooperation agreement to develop sustainable energy solutions, including sustainable aviation fuel.

EIPX

2 minute read

Why BP Shares Are Trading Lower Premarket Today

By Lekha Gupta

May 7, 7:34 AM

BP shares trading lower on Q1 FY24 results, sales at $48.88B, below consensus of $55.08B. Production down 3.5% Y/Y, Renewables pipeline at 58.5GW, Adjusted EBITDA at $10.3B, RC profit at $0.97/ADS, operating cash flow at $5.01B, net debt reduced to $24.02B. CEO optimistic about strategy, announces dividend of 7.270 cents per share. Q2 FY24 outlook: slightly lower production, guidance for higher production in FY24, capital expenditure of $16B, divestment proceeds of $2B-$3B.