Earnings Archives - Page 46 of 3239

1 minute read

Lowe’s Q1 Earnings: Profit Beat, Revenue Drop – What’s Behind The Numbers?

May 21, 7:22 AM

Lowe's Companies shares rose after reporting better-than-expected Q1 FY24 earnings. Sales declined 4.4% year-on-year to $21.364 billion, surpassing estimates. EPS of $3.06 beat the expected $2.94. Despite a drop in DIY discretionary spending, positive sales in Pro and online sectors helped. Lowe's still projects FY24 revenue of $84-$85 billion and EPS of $12.00-$12.30.

LOW

3 minute read

Wall Street To Open Mostly Flat As Nvidia Earnings, Fed Speeches Keep Traders On Edge; Bitcoin Rockets Above $71K On Ethereum ETF Approval Buzz

By Shanthi Rexaline

May 21, 7:14 AM

Early Tuesday futures trading suggested a pause after the tech-driven rally of the previous session.

AZO

1 minute read

China’s EV Maker XPeng Speeds Ahead with Strong Revenue Growth, Expects Selling More Than 29K Units In Q2

By Anusuya Lahiri

May 21, 7:05 AM

XPeng Inc reported a 62.3% sales growth in Q1 2024 but missed analyst estimates. Vehicle deliveries increased 19.7% and gross margin improved.

KOMP

2 minute read

Will Nvidia Q1 Print Disappoint? Munster Sees Near-Term Hit From ‘Osborne Effect’ But Says AI Stalwart Will ‘Grow Faster For Longer’

By Shanthi Rexaline

May 21, 3:52 AM

As Nvidia awaits its next major AI accelerator chip launch, an analyst weighed in on whether Q1 results will be marred by Osborne Effect.

NVDA

2 minute read

Lowe’s, Palo Alto Networks And 3 Stocks To Watch Heading Into Tuesday

By Avi Kapoor

May 21, 2:34 AM

With U.S. stock futures trading mixed this morning on Tuesday, some of the stocks that may grab investor…

LOW

2 minute read

Investor Sentiment Decreases Slightly, But Nasdaq Settles At Record High

By Avi Kapoor

May 21, 2:34 AM

The CNN Money Fear and Greed index showed some decline in the overall market sentiment, but the index…

JPM

2 minute read

Macy’s Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts

By Avi Kapoor

May 21, 2:21 AM

Macy’s, Inc. (NYSE:M) is set to release earnings results for its first quarter, before the opening bell on…

2 minute read

Trump Media & Technology Group Reports $300M Loss In First Earnings Since Going Public: Truth Social Parent ‘Remains Focused On Long-Term Product Development’

By Kaustubh Bagalkote

May 20, 9:47 PM

For the three months ending Mar. 31, the company posted a loss of $327.6 million, which included $311 million in non-cash expenses related to its merger with Digital World, a company created specifically to merge with a target business.

DJT

2 minute read

Trump Media & Technology Group Balance Of Cash And Cash Equivalents Was $273.7M As Of March 31, 2024; Q1 Operating Loss Of $12.1M

By Benzinga Newsdesk

May 20, 4:21 PM

As of March 31, 2024, TMTG's balance of cash and cash equivalents was $273.7 million. This comprises $233.7 million in unrestricted cash accounts and $40.0 million held in restricted accounts pending the effectiveness of

DJT

2 minute read

Zoom Q1 Earnings: Revenue Beat, EPS Beat, Cash Flow Surges, Continued AI Integration And More

By Adam Eckert

May 20, 4:21 PM

Zoom reports first-quarter revenue of $1.14 billion, beating the consensus estimate of $1.13 billion billion. Zoom's top-line results were up 3.2% on a year-over-year basis. Enterprise revenue was up 5.3% year-over-year, while online revenue was flat on a year-over-year basis. The communications company reported adjusted earnings of $1.35 per share, beating analyst estimates of $1.20 per share.