Streetbeat News

Earnings

EXPE

Expedia Group, Inc. (NASDAQ:EXPE) shares fell after reporting Q1 results, beating earnings and revenue estimates but lowering full-year guidance due to slower Vrbo recovery. Analysts downgraded the stock and lowered price targets.

Portfolio Pulse from Erica Kollmann

May 03, 2024 | 1:00 pm

XPO

XPO, Inc. (NYSE:XPO) shares surged in premarket trading after reporting a strong first-quarter FY24 performance, with a 5.8% Y/Y revenue growth to $2.02 billion, surpassing the consensus of $2.01 billion. The company's operating income and adjusted EPS significantly increased, with notable improvements in the North American LTL segment and European Transportation. XPO also reported a robust cash flow and has a positive outlook on its LTL 2.0 plan.

Portfolio Pulse from Lekha Gupta

May 03, 2024 | 12:58 pm

NVDA

QCOM

Nvidia Corporation (NASDAQ:NVDA) shares rose following strong results from Qualcomm and positive semiconductor industry news. Nvidia is set to discuss Q1 fiscal year 2025 earnings, with expectations of $5.55 EPS on $24.49 billion revenue. The article also explores how to earn monthly income from Nvidia's dividends, requiring substantial investment for significant returns. Nvidia's stock gained 3.3% closing at $858.17.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 12:56 pm

FSRN

MGA

Magna International, Inc. (NYSE:MGA) shares dropped in premarket trading after Q1 results showed a miss on earnings expectations and included $316 million in charges related to Fisker Inc. (OTC:FSRN). Despite lower volumes and currency challenges, revenue exceeded forecasts, and sales grew 3% year over year. The company also adjusted its 2024 sales and net income outlook downwards. A dividend of $0.475 per share was declared.

Portfolio Pulse from Nabaparna Bhattacharya

May 03, 2024 | 12:48 pm

TILE

Interface shares surged following the announcement of their Q1 financial results, which exceeded expectations. The company also provided optimistic Q2 net sales guidance and increased its FY24 net sales forecast.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 12:46 pm

FIVN

Five9 shares surged following the announcement of its Q1 financial results, which exceeded expectations. Additionally, the company increased its forecast for FY24 adjusted EPS.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 12:43 pm

AAPL

ARDX

SPT

Sprout Social's shares plummeted by 32% due to disappointing Q1 revenue and multiple analyst downgrades. Apple's stock rose by 8% following robust Q2 earnings, a dividend increase, and an additional $110 billion repurchase authorization. Ardelyx experienced a 31% surge in its shares after reporting better-than-expected Q1 financial results.

Portfolio Pulse from ryanfaloona@benzinga.com

May 03, 2024 | 12:42 pm

SPY

UUP

The U.S. labor market in April showed signs of cooling, with nonfarm payrolls and wage growth both missing expectations. This has led to increased optimism for potential interest rate cuts later this year, impacting Treasury yields, the U.S. dollar index, and futures on U.S. major averages positively.

Portfolio Pulse from Piero Cingari

May 03, 2024 | 12:37 pm

TNDM

Tandem Diabetes Care's stock is trading higher following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 12:36 pm

ECDA

ECD Auto Design, now trading on Nasdaq, reported a FY23 EPS of $(0.09), down from $(0.06) YoY, with revenue rising to $15.12M from $12.34M. The company saw a gross profit increase of 150% to $4.2M and an adjusted EBITDA of $1.1M, turning around from a $(1.3)M loss in 2022. Despite a net loss of $(1.6)M, up from $(1.4)M, ECD is optimistic, citing its acquisition of Brand New Muscle Car assets and a revenue guidance of $33M for 2024. The company emphasizes its growth strategies in the luxury classic car market and plans to expand its product line to include classic Ford Mustangs.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 12:33 pm