Streetbeat News

Earnings

ISRG

Intuitive Surgical (NASDAQ:ISRG) reported Q1 2024 adjusted EPS of $1.50, surpassing the $1.41 estimate, with sales of $1.89B also beating the $1.87B estimate, marking an 11.44% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:05 pm

NFLX

Netflix reported a decrease in global streaming paid net additions, with 9.33 million in Q1 compared to 13.12 million in the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:05 pm

NFLX

Netflix has updated its FY24 operating margin forecast to 25%, an increase from the previously projected 24%, attributing the adjustment to foreign exchange rates as of January 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:04 pm

NFLX

Netflix reported a 16% year-over-year increase in global streaming paid memberships, reaching 269.60 million in Q1.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:03 pm

NFLX

Netflix reported its Q2 earnings per share (EPS) at $4.68, surpassing the estimated $4.27. The company's revenue reached $9.491 billion, also exceeding the expectations of $8.98 billion.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:02 pm

NFLX

Netflix reported Q1 2024 earnings with a GAAP EPS of $5.28, surpassing the $4.51 estimate, and sales of $9.370B, exceeding the $9.275B estimate. This represents a 14.80% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:01 pm

ARM

ASML

TSM

Shares of TSMC (TSM), Arm Holdings (ARM), and ASML (ASML) are trading lower due to overall market weakness and concerns over China's move to phase out foreign chips. ASML missed Q1 earnings, causing a significant drop in its stock price. Arm Holdings' stock fell in response to ASML's performance and broader sector trends. TSMC reported strong Q1 results but lowered its market outlook due to consumer weakness, leading to a decline in its share price.

Portfolio Pulse from Erica Kollmann

April 18, 2024 | 7:59 pm

SMXT

SolarMax Technology's shares are experiencing a downturn due to ongoing weakness following the announcement of its fiscal year 2023 results.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:45 pm

DJT

RDDT

Reddit Inc (NYSE:RDDT) and Trump Media & Technology Group Corp (NASDAQ:DJT) had contrasting IPO performances, with Reddit's stock showing resilience and Trump Media's experiencing a significant decline. Reddit's IPO raised $632 million with shares debuting at $48.88, while Trump Media's stock plummeted from a high of $79.38 to $22.55, later recovering to $31.91. Analyst sentiment is cautious towards Trump Media but optimistic for Reddit, reflecting in their stock price movements and market evaluations.

Portfolio Pulse from Surbhi Jain

April 18, 2024 | 7:32 pm

AAPL

SPOT

Taylor Swift's new album, 'The Tortured Poets Department,' is set to release, potentially boosting revenues for Universal Music Group. Swift, who has already achieved billionaire status through her Eras Tour, could make $50-$100 million from this project. Her previous album 'Midnights' generated over $200 million for Universal, and Swift made more than $23 million from it. Swift's earnings also include significant contributions from streaming platforms like Apple Music and Spotify, with over $100 million earned from Spotify in 2023 alone.

Portfolio Pulse from Aaron Bry

April 18, 2024 | 7:04 pm