Disney Invests $1.5B In Fortnite Owner Epic Games In ‘Biggest Ever’ Gaming Entry, Posts Q1 Earnings Beat, Revenue Miss
Disney reported first quarter financial results. A look at the key highlights, including Disney+ subscriber numbers.
Used Car Blues Hit Bottom Line, But Penske Speeds Ahead with Sales Growth
Penske Automotive Group Q4 FY23 performance, boasting $7.27 billion in sales, surpassing analyst projections. Despite hurdles in the used vehicle market, PAG delivers notable growth, including an 8% surge in retail automotive new units and a 7% rise in same-store service and parts gross profit.
Why Electronic Equipment Company CDW Shares Are Up Today
CDW experiences stock surge post-Q4 FY23 results, though net sales dip to $5.02 billion, missing estimates. However, the company boasts an expanded gross margin of 23.0% and beats consensus with non-GAAP EPS of $2.57. CEO Christine A. Leahy expresses confidence in the company's trajectory, aiming to outpace US IT market growth by 200 to 300 basis points in 2024. Despite segment declines, CDW remains committed to customer-centric strategies and technology evolution.
Why Oil & Gas Major Equinor Shares Are Diving Premarket Wednesday
Equinor's (NYSE: EQNR) disappointing 20% Y/Y drop in adjusted revenue reflects market challenges amidst falling gas prices, impacting overall earnings. Despite strong equity liquids production, the company faces a significant 49% Y/Y decline in adjusted earnings, signaling turbulent times in the energy sector.
Why Is Alibaba Stock Trading Lower Wednesday?
Alibaba Group (BABA) reports 5% revenue growth but misses earnings estimates. Increases share buyback program by $25 billion. Stock up 2.79% premarket.
Mixed Q4 For TotalEnergies: Profit Miss, Pledges Shareholder Returns With Dividend Hike + $2B Buyback
TotalEnergies' Q4 FY23 earnings beat estimates with $59.237 billion in revenue, showcasing resilience amidst sector challenges. Despite a 12% Y/Y dip in hydrocarbon production, the company's commitment to shareholders is evident through a 7.1% dividend increase to €0.79 and $2 billion share repurchase program.
Warren Buffett-Backed Mitsubishi Hits Record High After Announcing $3.4B Share Buyback Plan
Japan's leading trading company, Mitsubishi, has seen its shares soar to an all-time high following its announcement of a massive share buyback plan.
Chipotle Mexican Grill Q4 Earnings Highlights: Revenue Beat, EPS Beat, Guidance And Unit Count Updates
Chipotle Mexican Grill beat analysts' estimates for revenue and earnings per share in the fourth quarter. A look at the key highlights.
Specialty Chemicals Major Linde Shares Are Surging Today: What’s Going On?
Linde sees a surge in shares as Q4 FY23 sales hit $8.30 billion, beating consensus, with adjusted operating profit up 14% Y/Y to $2.3 billion and adjusted EPS of $3.59 surpassing expectations. CEO Sanjiv Lamba expresses confidence amidst uncertain geopolitical and macro environments, emphasizing Linde's strong position to capitalize on opportunities.
Healthcare Purchasing Network Premier Launches $1B Share Buyback Program, Concludes Strategic Review Process After Q2 Performance
Premier charts a strategic path with a $1.0 billion share repurchase plan through June 2025. Q2 2024 earnings: EPS $0.60, sales $334.75 million