Summary: Capital One Financial has patented technology to identify leaked sensitive data in software applications, enhancing cybersecurity measures. Their patent focuses on determining the source of sensitive data elements, involving analyzing binary files, scan patterns, and source code.
Full articleSummary: PepsiCo reaffirms its 2024 outlook and is a good stock to consider for income investors due to cheaper valuation and potential for rising profit margins and steady growth.
Full articleSummary: Everspin Technologies, Inc. announced that IBM has chosen their PERSYST EMD4E001G 1Gb STT-MRAM for use in their FlashCore Module 4, ensuring critical data integrity even during power loss.
Full articleSummary: AtriCure, Inc., a leader in surgical treatments for atrial fibrillation, will be participating in the Bank of America Securities Healthcare Conference.
Full articleSummary: American Tower Corp (AMT) released its first-quarter financial results for 2024, showing significant growth in revenue and net income. Total revenue increased by 2.4% year-over-year to $2,834 million, surpassing estimates, while net income rose by 192.6% to $922 million, well above expectations. The company's operational execution and capital allocations were highlighted as strong contributors to this performance.
Full articleSummary: Citigroup upgraded their outlook for Shopify from Neutral to Buy with an analyst price forecast suggesting 15.98% upside. The average one-year price target for Shopify is $84.07.
Full articleSummary: Chevron Corp beats first-quarter profit estimates due to higher production volumes in the US, despite weak natural gas prices and fuel margins. Meanwhile, Exxon Mobil misses analysts' estimates with a drop in first-quarter profits.
Full articleSummary: Eli Lilly reported first-quarter adjusted profit exceeding expectations and raised full-year guidance due to strong sales of diabetes drug Mounjaro and weight loss treatment Zepbound. The company foresees adjusted earnings of $13.50 to $14.00 per share and revenue of $42.4 billion to $43.6 billion for the year.
Full articleSummary: ASL launches Cute Pet GPU GeForce RTX 4060, featuring a pink Wuhuang Edition designed in collaboration with SupremoCat, with a kitty theme for gamers looking for a non-standard design.
Full articleSummary: The FDA granted full approval to Pfizer and Genmab's antibody-drug conjugate Tivdak for the treatment of recurrent or metastatic cervical cancer. The approval is based on positive results from the Phase III innovaTV 301 study, showing significant survival benefits compared to chemotherapy.
Full articleSummary: American Tower (AMT) reported strong first-quarter results with a significant increase in net income and adjusted funds from operations. The company also provided an optimistic outlook for fiscal 2024, projecting growth in total property revenue, net income, adjusted EBITDA, and consolidated AFFO.
Full articleSummary: Analyst calls and Wall Street chatter focused on Nvidia's new Blackwell chip expected to benefit share prices, Jefferies sees potential for Ralph Lauren with young consumers, and Goldman Sachs downgraded XP due to sensitivity to interest rates.
Full articleSummary: Sundar Pichai revealed on Alphabet’s April 25 earnings call that he expects Google Cloud and YouTube Ads to reach a combined annual revenue run rate of $100 billion by 2024, with Google Cloud's growth possibly supported by its AI technologies.
Full articleSummary: Kestra Private Wealth Services LLC increased its holdings in Caterpillar Inc. by 8.1% in the 4th quarter, while several other hedge funds also bought shares of CAT. Analysts have provided mixed ratings on the stock, with some rating it as neutral and others as underperform or buy. Caterpillar announced a higher than expected earnings per share for the last quarter and also declared a quarterly dividend.
Full articleSummary: PayPal reported a rise in profit in the latest quarter, with net income of $888 million or 83 cents a share, beating analysts' expectations. The company raised its outlook for the year, expecting earnings per share of $3.65 for 2024.
Full articleSummary: Coca-Cola reported earnings and revenue that exceeded expectations, raised its full-year outlook for organic revenue, and announced growth in sales across various segments.
Full articleSummary: Meta (Facebook) is under investigation by the European Commission for failing to tackle deceptive advertising and disinformation ahead of European Parliament elections.
Full articleSummary: Eli Lilly and Co. reported a 67% increase in first quarter profit due to strong demand for diabetes drugs Mounjaro and weight-loss drug Zepbound, but warned of tight supplies. The company posted a profit of $2.24 billion on revenue of $8.77 billion, exceeding expectations.
Full articleSummary: Dow Jones stock futures dipped after McDonald's, Coca-Cola, and 3M reported Q1 results. MCD saw a decline in shares due to missed earnings, while KO stock rose post raising revenue outlook. 3M shares surged on Q1 earnings and revenue beat.
Full articleSummary: Dow Jones stock futures decreased after McDonald's, Coca-Cola, and 3M released their first-quarter results. 3M saw a breakout in early trade, McDonald's stock retreated after missing earnings, while Coca-Cola stock climbed after raising its revenue outlook.
Full articleSummary: Eli Lilly (LLY) stock jumped nearly 7% in premarket trades after reporting adjusted earnings of $2.58 per share on $8.77 billion in first-quarter sales. The company also raised its EPS guidance for the year by $1.30 and sales by $2 billion.
Full articleSummary: Coca-Cola (KO) reported better-than-expected first-quarter results with net income of $3.177 billion and adjusted earnings of 72 cents a share, beating the FactSet consensus. Revenue grew 3% to $11.3 billion, surpassing expectations. The company updated its guidance, expecting full-year organic revenue growth of 8% to 9%.
Full articleSummary: Eli Lilly & Co. raised its annual outlook for sales and profit due to strong demand for weight-loss and diabetes drugs, despite missing overall sales estimates. The company is optimistic about supply improvements and expects higher revenues later this year.
Full articleSummary: KLA had its price target raised by Citigroup from $725.00 to $760.00 and received a buy rating from several research analysts. It also reported positive quarterly earnings results beating analysts' estimates.
Full articleSummary: Eli Lilly and Co. raised its earnings, adjusted earnings and revenue guidance for full-year 2024 due to strong performance and production expansion.
Full articleSummary: PayPal's payment volume increased by 14% in the first quarter, surpassing analysts' estimates. The company predicts lower earnings per diluted share for 2024 compared to the previous year due to factors such as the sale of Happy Returns.
Full articleSummary: PayPal Holdings, Inc. reported a profit for its first quarter that increased from the same period last year but missed Street estimates. The company's revenue for the quarter rose 9.4%.
Full article