US Chips Act Beneficiary GlobalFoundries Stock Soars On Q1 Earnings – What’s Going On?
GlobalFoundries Inc (NASDAQ: GFS) reported Q1 earnings with revenue of $1.55B, beating estimates. It received a $1.5B grant to expand production.
Dental Supplies Distributor Henry Schein’s Tech Segment Provides Some Stability In Challenging Macro Times: Analyst
Henry Schein reports Q1 adjusted EPS at $1.10, down 9% Y/Y, with sales at $3.17 billion, up 3.7%. Guidance projects 2024 sales growth at 8%-10%, reaffirming adjusted EPS guidance of $5.00-$5.16. William Blair attributes the EPS beat to margin expansion driven by technology and value-added services.
Why UBS Shares Are Seeing Blue Skies Today
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.
Why Datadog Stock Tanked After Q1 Earnings?
Datadog's stock price dropped after reporting Q1 results. Revenue grew 27%, EPS beat estimates, and outlook is positive. Stock gained 46% in last year.
Blade Air Mobility Takes Off: Beats on Q1 Revenue, Medical Soars, Reaffirms 2024 Outlook
Blade Air Mobility reported Q1 FY24 revenue of $51.5M, beating consensus of $49.5M. Short Distance revenue down due to weather, adjusted EBITDA loss improved. EPS loss exceeded estimate. Medical segment's EBITDA rose, net loss decreased. 2024 outlook reiterated, 2025 expects double-digit revenue and EBITDA growth.
Builders FirstSource Falls Over 17% After Q1 Earnings – What’s Going On?
Builders FirstSource sees shares plummet over 17%. Despite Q1 earnings beat, company sees flat sales and decreased profit margins that disappoint investors.
Band-Aid Maker Kenvue Cuts Workforce By 4%, Q1 Earnings Beat Street Expectations
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.
Why Celsius Holdings Shares Are Falling Today
Celsius Holdings faces stock decline reflecting Q1 sales miss, despite international expansion plans unfold amid North American growth.
Cereal Maker WK Kellogg Sticks To Annual Outlook Post Q1 Beat: Details
WK Kellogg exceeds expectations in Q1 FY24 with a 1.9% sales dip, reporting $707 million, surpassing analyst forecasts. Operating income surges 91.6% to $46 million, while adjusted EBITDA climbs 8.7% to $75 million. Chairman Gary Pilnick reaffirms strategic focus, projecting FY24 net sales growth of -1% to +1% and adjusted EBITDA growth of 3% to 5%, aiming for $265 million to $270 million.
What’s Going On With Bloomin’ Brands After Announcing Strategic Alternatives For Brazil Ops?
Bloomin' Brands reports Q1 misses, explores strategic options for Brazil ops, affirming FY24 outlook amidst share repurchase.