Guidance Archives - Page 74 of 637

2 minute read

Verizon’s Q1: Flat Revenue, Bump In Free Cash Flow And Stable 2024 Outlook

April 22, 9:01 AM

Verizon Communications Inc. announces slight sales growth in Q1 2024, hitting $32.98 billion, with adjusted EPS topping expectations at $1.15. Despite missing sales consensus, wireless service revenue rose by 3.3% year-on-year, driven by strategic pricing and subscriber growth. The company sees strong broadband additions and reiterates optimistic financial guidance for the year.

DJD

3 minute read

4/20 Cannabis Retail Frenzy: Leading Brands Ready For Record Sales Surge – Who Will Lead?

By Nicolas Jose Rodriguez

April 20, 9:54 AM

This 4/20 cannabis retailers anticipate record-breaking sales fueled by last year's +130% spike and the fortunate alignment of this year's celebration falling on a Saturday.

AAWH

1 minute read

Wipro Beats Revenue Expectations In Q4, Anticipates Steady Growth Driven By Tech Demand

By Anusuya Lahiri

April 19, 10:17 AM

Wipro Ltd (NYSE: WIT) reports Q4 results with revenue of INR222.1 billion and EPS of $0.07. IT Services revenue declined by 6.4% Y/Y. Stock gained 19% in 12 months.

DGIN

2 minute read

Increase In Card Member Spending Boosts Amex Q1 Revenue, Company Eyes Steady Annual Growth

By Anusuya Lahiri

April 19, 8:30 AM

American Express Co. (NYSE: AXP) outperformed in fiscal Q1 2024, with revenues up 11% to $15.80 billion, thanks to higher net interest income and increased Card Member spending. EPS at $3.33 exceeded expectations, highlighting robust spending growth and strategic fee-based product offerings, drawing significant interest from younger consumers.

AXP

2 minute read

Gillette Parent Procter & Gamble Grows Q3 Margins Despite Flat Revenue, Raises Annual Profit Outlook

By Shivani Kumaresan

April 19, 7:59 AM

Procter & Gamble reported third-quarter FY24 sales growth of 1% year-on-year to $20.195 billion, missing the analyst consensus estimate of $20.408 billion. Adjusted EPS of $1.52 beat the consensus estimate of $1.41.

3 minute read

Inhibikase Therapeutics Issues Letter To Shareholders And Provides Update On Development Programs; Says 201 Trial Is ~75% Enrolled

By Benzinga Newsdesk

April 18, 4:37 PM

Inhibikase Therapeutics, Inc. (NASDAQ:IKT) (Inhibikase or Company), a clinical-stage pharmaceutical company developing protein kinase inhibitor therapeutics to modify the course of Parkinson's disease ("PD"),

IKT

2 minute read

What’s Going On With Apple Supplier Taiwan Semi Stock On Thursday?

By Anusuya Lahiri

April 18, 12:47 PM

TSMC exceeded Q1 expectations with strong demand from AI firms contributing to 65% of revenue. Apple and Nvidia are key customers. Q2 forecast is robust, driven by advanced technologies and expanded customer base. AI servers to double revenue within a year. TSMC reaffirms capital expenditure and predicts low-to-mid 20% revenue increase in 2024. Analysts view TSMC favorably. TSM stock gained 58% in the last 12 months. Investors can gain exposure through SMH and VWO ETFs. TSM shares closed lower at $133.80 premarket.

AAPL

1 minute read

Why ManpowerGroup Shares Are Shooting Higher Today

By Shivani Kumaresan

April 18, 10:48 AM

ManpowerGroup reported first-quarter FY24 sales decline of 7.3% year-on-year to $4.40 billion, missing the analyst consensus estimate of $4.42 billion. Adjusted EPS of $0.94 beat the consensus estimate of $0.91.

MAN

1 minute read

Why Genuine Parts Shares Are Rising Today After Q1 Earnings

By Nabaparna Bhattacharya

April 18, 10:30 AM

Genuine Parts beats Q1 earnings expectations with adjusted EPS of $2.22, despite slightly missing revenue estimates, and raises FY24 outlook, propelling shares up over 11%.

GPC

1 minute read

Why Is Snap-on Stock Sliding Today?

By Akanksha Bakshi

April 18, 10:20 AM

Snap-on Inc reported flat first-quarter 2024 net sales of $1.182 billion, missing expectations. Gross margin and operating income increased, adjusted EPS beat consensus. Segment sales varied. Company expects growth in 2024.

SNA