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TGB

Taseko Mines (AMEX:TGB) reported Q1 2024 adjusted EPS of C$0.03, missing the C$0.04 estimate, but sales of C$146.947M exceeded the C$128.115M forecast. This represents a 50% increase in earnings and a 27.21% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:39 am

AAPL

AMZN

COP

K

LEG

PFE

Following the Federal Reserve's decision to maintain the federal funds rate at 5.25% to 5.5%, investor sentiment showed slight improvement, though it remained in the 'Fear' zone. U.S. stocks ended mixed, with Pfizer, Amazon, and Leggett & Platt reporting significant financial results. The Dow Jones rose, while the S&P 500 and Nasdaq fell. Upcoming earnings from Kellanova, ConocoPhillips, and Apple are highly anticipated.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 6:37 am

FSRN

Fisker Inc's CEO Henrik Fisker is selling his Hollywood mansion for $35 million, more than the company's current market cap of $26.17 million, as Fisker faces potential bankruptcy. The luxury home's sale highlights the financial distress of the EV maker, which was delisted from the NYSE and is seeking bankruptcy protection unless it can secure waivers from debt holders or raise sufficient capital.

Portfolio Pulse from Anan Ashraf

May 02, 2024 | 6:36 am

TSLA

Matt Higgins, CEO of RSE Ventures, criticized Elon Musk's leadership at Tesla, particularly highlighting issues following recent layoffs. Higgins pointed out Musk's 'cultural immaturity' and lack of empathy, which he believes could lead to a decrease in employee performance due to cultural insecurity. The layoffs, part of a 'hardcore cost-cutting' strategy, have led to over 10% of Tesla's global workforce being cut, alongside the departure of two senior executives. Despite these changes, Musk plans to continue expanding Tesla's Supercharger network, albeit at a slower pace.

Portfolio Pulse from Pooja Rajkumari

May 02, 2024 | 6:33 am

SHEL

Shell plc has initiated a $3.5 billion share buyback program aimed at reducing its issued share capital. The program, set to last around three months, will see all repurchased shares cancelled. Completion is targeted before the Q2 2024 results announcement on August 1.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:31 am

SHEL

Shell (SHEL) reported Q1 2024 adjusted earnings per share (EPS) of $2.40, surpassing the $1.86 estimate, marking a 29.03% beat but a 13.67% decrease from last year's $2.78 EPS. However, their sales of $72.478 billion fell short of the $82.039 billion estimate by 11.65%, and saw a 16.65% decrease from the previous year's $86.959 billion.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:29 am

AAPL

COP

K

MT

SRPT

Wall Street anticipates earnings reports from Apple, Kellanova, ConocoPhillips, and others, with Apple expected to report $1.50 per share on $90.01 billion revenue. ArcelorMittal exceeded Q1 expectations, while Sarepta Therapeutics reported strong Q1 results. Analysts predict earnings for ConocoPhillips and Kellanova, with their stocks showing varied movements in after-hours trading.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 6:25 am

NVO

Novo Nordisk (NYSE:NVO) exceeded Q1 2024 earnings and sales estimates with a GAAP EPS of DKK 5.68, beating the DKK 5.15 forecast, and reported sales of DKK 65.349B, surpassing the DKK 63.229B estimate. This represents a significant year-over-year growth in both earnings (29.38%) and sales (22.45%).

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:02 am

BYDDY

TM

TSLA

Tesla Inc. (NASDAQ:TSLA) has reportedly halted its gigacasting manufacturing process, a move aimed at cutting costs amid declining sales and increasing competition, particularly from BYD Co. (OTC:BYDDY) (OTC:BYDDF) and traditional automakers like Toyota Motor Corp (NYSE:TM). This decision marks a strategic shift for Tesla, which had previously aimed to innovate car manufacturing by casting large sections of the vehicle's underbody in one piece. Despite this pause, Tesla plans to focus on producing more affordable cars using existing platforms and has not completely abandoned the small-vehicle platform intended for the so-called Model 2, now pivoting towards developing a self-driving robotaxi.

Portfolio Pulse from Benzinga Neuro

May 02, 2024 | 5:42 am

MT

ArcelorMittal (NYSE:MT) reported Q1 2024 adjusted EPS of $1.16, surpassing the $0.92 estimate, with sales of $16.282B also beating the $16.238B estimate. However, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 5:17 am