Streetbeat News

Earnings

NWE

NorthWestern (NASDAQ:NWE) reported Q1 2024 earnings of $1.09 per share, missing the $1.13 estimate, but sales of $475.3M exceeded the $471.601M forecast. This represents a 3.81% increase in earnings and a 4.58% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 6:31 am

SJW

SJW Group (NYSE:SJW) reported Q1 2024 earnings of $0.36 per share, missing the consensus estimate of $0.39 by 7.69%. Year-over-year, earnings decreased by 2.7% from $0.37. Quarterly sales were $149.382M, surpassing the estimate of $140.500M by 6.32%, and marking an 8.80% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 6:29 am

TSLA

Tesla investor Sawyer Merritt highlighted on CNBC's 'Last Call' the significant lead Tesla has in data collection for self-driving technology, with Tesla owners now driving 1 billion miles every 68 days using Full-Self Driving (FSD), a 250% increase from three months ago. Despite a 9% year-on-year decrease in Q1 revenue, Tesla's stock surged 12% after the earnings report, buoyed by positive investor sentiment towards its future plans and an upgrade from Bank of America from Neutral to Buy. Tesla's stock closed at $170.18, up 4.97%.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 5:39 am

GOOG

GOOGL

Alphabet Inc. announced its first dividend during its Q1 earnings, sparking discussions about its status as a tech company, a concern previously raised by PayPal co-founder Peter Thiel in 2012. Thiel had warned that issuing a dividend could signal a lack of technological innovation. Despite this, Alphabet reported a 15% revenue increase year-over-year to $80.539 billion and earnings of $1.89 per share, surpassing analyst expectations. CEO Sundar Pichai projects significant growth, particularly from YouTube and Cloud businesses, and emphasizes Alphabet's commitment to AI with a $12 billion capital expenditure. Alphabet's Class A and Class C stocks saw significant increases in after-hours trading.

Portfolio Pulse from kaustubh@benzinga.com

April 26, 2024 | 5:36 am

MSFT

NTDOY

SONY

Microsoft CEO Satya Nadella announced record-breaking gaming performance and expansion to Nintendo Switch and Sony PlayStation. The company set new records for game streaming hours, console usage, and monthly active devices, with Diablo 4's launch on Game Pass being notably successful. Microsoft's gaming division significantly contributed to a 17% year-over-year revenue increase to $61.9 billion, surpassing analyst estimates. The expansion includes bringing four fan-favorite titles to Nintendo and Sony platforms, marking a strategic move following the acquisition of Activision Blizzard.

Portfolio Pulse from Ananya Gairola

April 26, 2024 | 4:33 am

MSFT

Microsoft CEO Satya Nadella highlighted the strong demand for Azure, especially in AI, during the third-quarter earnings call. Azure Search, used by ChatGPT, is among the fastest-growing services. Microsoft's Q3 revenue rose 17% year-over-year to $61.9 billion, surpassing estimates. Azure is closing the gap with Amazon Web Services, with predictions of its growth accelerating to 29%-30% year-on-year. Microsoft shares were up 4.31% in after-hours trading.

Portfolio Pulse from Ananya Gairola

April 26, 2024 | 3:55 am

INTC

Intel Corporation's CEO, Pat Gelsinger, remains optimistic about the company's future despite disappointing first-quarter results, emphasizing upcoming products like Sierra Forest, Granite Rapids, and Clearwater Forest. These products are expected to help Intel regain its leadership in the data center market. Despite a drop in share price following the earnings report, Gelsinger's confidence and the potential turnaround for Intel's subsidiary, Mobileye, could reassure investors.

Portfolio Pulse from kaustubh@benzinga.com

April 26, 2024 | 3:32 am

GOOGL

INTC

MSFT

ROKU

TSLA

Major U.S. indices fell, with Alphabet, Microsoft, Intel, Roku, and Tesla being the top trending stocks. Alphabet announced a $70B buyback and its first dividend, Microsoft and Roku reported revenue increases, Intel missed sales estimates, and Tesla's stock is expected to rise according to Ron Baron.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 2:35 am

GOOG

GOOGL

Alphabet Inc. CEO Sundar Pichai projects YouTube and Cloud businesses to generate $100 billion by 2024, indicating a 25% growth rate over the next three quarters. This forecast follows Alphabet's Q1 earnings report showing a 15% year-over-year revenue increase to $80.539 billion and earnings of $1.89 per share, surpassing analyst estimates. Alphabet's stock rose significantly in after-hours trading following the announcement.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 2:32 am

GOOG

GOOGL

Alphabet Inc. CEO Sundar Pichai expressed confidence in managing costs for the new search experience with generative answers, following strong first-quarter earnings. The company beat analyst estimates, with revenue up 15% year-over-year. There's speculation about Google charging for AI-powered search, which could generate additional revenue. Alphabet's Class A and Class C shares saw significant after-hours gains.

Portfolio Pulse from Ananya Gairola

April 26, 2024 | 2:28 am