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STM

STMicroelectronics (NYSE:STM) reported Q1 2024 earnings of $0.54 per share, missing the $0.65 estimate, and sales of $3.465B, below the $3.615B estimate. This represents a significant decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:11 am

EQNR

Equinor (NYSE:EQNR) reported Q1 2024 adjusted EPS of $0.96, surpassing the $0.80 estimate, with sales of $24.789B also beating the $22.240B estimate. However, both earnings and sales saw a decrease compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:08 am

GOOGL

META

MSFT

ORCL

During Meta Platforms, Inc.'s Q1 earnings call, executives Mark Zuckerberg and Susan Li were cautious about the potential impact of a TikTok ban or sale on the U.S. social media landscape, stating it's too early to assess. The TikTok ban, signed into law by President Biden, has been a topic of significant interest, with TikTok CEO Shou Zi Chew vowing to fight back. Wedbush analysts suggest Meta and Google could benefit from redistributed TikTok revenue, with Meta being the primary recipient.

Portfolio Pulse from Ananya Gairola

April 25, 2024 | 3:29 am

BTCUSD

Peter Schiff, a well-known economist and cryptocurrency skeptic, issued a warning to Bitcoin holders about a potential significant drop if Bitcoin fails to maintain the $60K support level. Schiff's warning comes amidst Bitcoin's recent consolidation and its over 47% increase since the beginning of the year. He emphasized the importance of the $60K level for Bitcoin's bullish outlook and criticized the cryptocurrency for its volatility and questioned its status as a safe haven asset.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 3:16 am

ADBE

IBM

NOW

NVDA

IBM CEO Arvind Krishna announced during the Q1 2024 Earnings Call that the company's AI bookings have surpassed $1 billion, emphasizing the growing importance of AI in driving productivity and enhancing customer experiences. Key partnerships with NVIDIA, ServiceNow, and Adobe were highlighted as instrumental in accelerating clients' AI journeys and digital transformation. Despite a revenue miss, IBM's focus on AI and strategic partnerships are seen as vital for future growth. IBM shares dropped 8.47% after hours to $168.51.

Portfolio Pulse from kaustubh@benzinga.com

April 25, 2024 | 2:33 am

SQ

Block Inc's CEO, Jack Dorsey, announced a new feature for Square merchants to automatically convert a percentage of their daily sales into Bitcoin. This feature, available in the U.S., allows conversions from 1-10% of sales into Bitcoin via the Cash App, with Block taking a 1% fee. The move expands Block's cryptocurrency offerings, following the launch of its Bitcoin wallet, Bitkey. However, this announcement follows a 10% workforce reduction at Block in January 2024.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 2:30 am

BTCUSD

ETHUSD

Crypto analyst Michaël van de Poppe expressed skepticism about the approval of an Ethereum ETF, citing low chances despite acknowledging the strength of the Ethereum ecosystem. The SEC's scrutiny and a prediction market's low expectation for approval contrast with the optimism surrounding digital assets' future. Meanwhile, Bitcoin's recent ETF approval and the projected success of cryptocurrency ETFs in Hong Kong highlight the growing interest in digital assets, despite some pessimism towards Ethereum's future.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 2:00 am

AMZN

IBM

META

SNAP

TSLA

On Wednesday, Meta Platforms, Snap, Amazon, IBM, and Tesla were key stocks on investors' radars, with varied performances. Meta Platforms reported a 27% increase in Q1 revenue, beating estimates. Snap's stock fluctuated following a bill impacting TikTok. Amazon launched a new grocery delivery subscription, while IBM's revenue slightly missed estimates. Tesla's shares surged 12.06% despite missing analyst estimates, buoyed by investor sentiment.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 1:47 am

APDN

Trading for APDN was halted at 7:50:00 p.m. ET due to pending news. This action indicates that significant news is expected to be released, which could materially impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:50 pm

NBHC

National Bank Holdings (NYSE:NBHC) reported Q1 2024 earnings of $0.82 per share, surpassing the $0.76 estimate, but saw a 22.64% decrease from last year's earnings. Sales of $101.724M missed the $103.683M estimate, marking a 7.15% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:15 pm