Streetbeat News

Earnings

GOOG

Alphabet Inc. (GOOG) reported Q1 2024 earnings of $1.89 per share, surpassing the consensus estimate of $1.51 by 25.17%. Quarterly sales reached $80.539 billion, exceeding estimates of $78.594 billion by 2.47% and marking a 15.41% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:03 pm

GILD

Gilead Sciences reported Q1 2024 adjusted EPS of $(1.32), surpassing the $(1.49) estimate, but its sales of $6.10B fell short of the $6.34B forecast, marking a 3.97% year-over-year decrease.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:03 pm

GPS

Gap Inc. (NYSE:GPS) has received mixed analyst ratings over the past three months, with a recent shift towards more bullish perspectives. The average 12-month price target for GPS has been raised to $22.8, reflecting a 15.44% increase from the previous target. Analysts from firms like Goldman Sachs, Wells Fargo, and TD Cowen have adjusted their ratings and price targets, indicating a positive outlook on Gap's financial performance despite challenges in market capitalization, revenue growth compared to peers, and debt management.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 8:02 pm

MSFT

Microsoft reported Q3 2024 earnings with a GAAP EPS of $2.94, surpassing the $2.82 estimate, and sales of $61.900B, exceeding the $60.804B estimate. This represents a 17.11% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:02 pm

INTC

Intel (NASDAQ:INTC) reported Q1 earnings of $0.18 per share, surpassing the $0.14 estimate, marking a 550% increase from last year's losses. However, its $12.72B in sales fell short of the $12.78B estimate, despite being an 8.61% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:01 pm

DELL

META

NVDA

SMCI

SPY

Stock indexes closed lower due to weak US GDP data. Meta Platforms experienced a decline after announcing higher capital expenditure guidance, while hardware stocks like Dell, Nvidia, and Super Micro Computer saw gains. The S&P 500 ETF (SPY) also reflected the overall market downturn.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:51 pm

TALK

Talkspace (TALK) sees significant options activity with June 21 $3 calls being bought at $0.45 for 5000 contracts versus an open interest of 19, ahead of its earnings report on May 7. The stock reference price is $3.08.

Portfolio Pulse from Charles Gross

April 25, 2024 | 7:43 pm

VALE

Vale shares are trading lower following the release of their Q1 earnings report.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:39 pm

PARA

Paramount Global and Skydance Media are nearing a merger, with a deal potentially closing in May. The merger involves valuing Skydance at around $5 billion and merging it with Paramount Global. David Ellison is set to become CEO, and Jeff Shell as president, replacing current CEO Bob Bakish. A significant hurdle remains with Paramount's carriage renewal with Charter Communications, which could impact the deal's value. Additionally, Apollo and Sony have shown interest in buying out Paramount Global shareholders, but the special committee favors Skydance's offer for its future upside and cleaner balance sheet. Paramount's reliance on traditional TV and upcoming earnings report add complexity to the negotiations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:39 pm

CRWD

CrowdStrike Holdings (NASDAQ:CRWD) has seen unusual options activity, with a mix of bullish and bearish trades. Analysis of 43 trades shows 41% bullish and 51% bearish sentiment. Significant trades range in strike prices from $100 to $500, indicating varied expectations for CRWD's future price. The company, a leader in cloud-based cybersecurity, has a current stock price of $298.08, with analysts setting an average target price of $392. Recent analyst ratings include Overweight and Buy, with price targets ranging from $376 to $400. The next earnings report is expected in 34 days.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 7:33 pm