Summary: Kraft Heinz (KHC) upcoming Q1 earnings report is expected to show flat revenue of $6.43 billion year on year, with adjusted earnings forecasted at $0.69 per share. Analysts expect the company to stay on course leading into earnings, despite previous revenue misses.
Full articleSummary: Charter Communications, Inc. (NASDAQ:CHTR) released its quarterly results last week, with revenues in line with forecasts but EPS below expectations. Analysts forecasts show a slight decrease in EPS for 2024. Despite this, there were no major changes in revenue or earnings estimates, and the price target remained at US$339.
Full articleSummary: American Tower Corp. (AMT) reported better-than-expected first quarter results, with funds from operations of $2.79 per share exceeding estimates of $2.55 per share. The company also posted revenue of $2.83 billion, surpassing Street forecasts. American Tower expects full-year funds from operations in the range of $10.30 to $10.53 per share.
Full articleSummary: Eli Lilly and Co. (LLY) reported first-quarter net income of $2.24 billion with adjusted earnings of $2.58 per share.
Full articleSummary: Eli Lilly raised its full-year guidance and reported strong first-quarter sales of Zepbound, exceeding analysts' expectations.
Full articleSummary: UBS raised its price target for NVIDIA (NVDA) to $1,150 from $1,100, citing strong demand for Blackwell and Hopper products. Analysts at UBS revised revenue estimates, anticipating significant growth in revenue and earnings for 2025.
Full articleSummary: Coca-Cola raises annual organic sales forecast on strong global demand and higher prices, with average selling prices rising 13% in the first quarter. The company expects fiscal 2024 organic sales growth between 8% and 9%.
Full articleSummary: Jensen Huang, the founder of Nvidia, is known for setting high standards as a perfectionist, leading to extraordinary success for the company. Nvidia's share price has surged significantly over the past year amidst impressive revenue growth.
Full articleSummary: Traveloka Indonesia PT repaid a $300 million private credit loan to a group of lenders including BlackRock Inc. and Orion Capital Asia using its internal cash. The loan, obtained in 2022, was originally due in 2026 but had an option for early repayment in April. The travel industry has rebounded post-pandemic, with Traveloka's app being downloaded more than 100 million times.
Full articleSummary: Shein is expanding its marketplace to include household products like skincare, toothpaste, and toys by partnering with big brands such as Colgate-Palmolive and Hasbro. The move aims to increase credibility, compete with Amazon, and prepare for a planned stock market listing later this year.
Full articleSummary: Charter Communications, Inc. shares fell 2.0% to US$260 after its latest first-quarter results, with earnings per share missing estimates by 2.5%. Analysts forecast a 2.4% reduction in statutory earnings per share for 2024 but maintain a price target of US$339, indicating steady business performance. Revenue growth is expected to slow down compared to historical rates and lag behind the wider industry.
Full articleSummary: American Tower reported first quarter earnings per share of $2.79, beating the analyst estimate by $1.04. Revenue for the quarter exceeded expectations as well.
Full articleSummary: McDonald's reported an increase in same-store sales in the U.S. and globally driven by marketing promotions like WcDonald's and strategic price hikes, while facing challenges with declining traffic and need for a national value platform. Revenues and net income also saw an increase in the first quarter.
Full articleSummary: Eli Lilly and Co. raised its earnings guidance for full-year 2024 due to the strong performance of Mounjaro and Zepbound with greater production visibility.
Full articleSummary: Coca-Cola reported first quarter 2024 earnings with global unit case volume growing by 1%, net revenues up 3%, organic revenues up 11%, and operating income declining by 36%. The company gained value share in total nonalcoholic ready-to-drink beverages.
Full articleSummary: CVS is closing its pharmacy in 12 Points on Terre Haute's north side, along with approximately 900 retail stores over the next three years, as part of their evaluation of changes in population, consumer buying patterns, and future health needs. All prescriptions will be transferred to a nearby location, and employees are being offered comparable roles at other CVS locations.
Full articleSummary: Eli Lilly & Co. shares jumped 5.4% in premarket trading after reporting better-than-expected earnings and gross margin for fiscal Q1 2024, with EPS at $2.58 and revenue at $8.77 billion falling short of estimates. Gross margin improved to 80.9%, and full-year 2024 EPS outlook is between $13.50 and $14.00 with revenue forecast hiked to between $42.4 billion and $43.6 billion.
Full articleSummary: American Tower Corporation reported its first quarter 2024 financial results, showing growth in total revenue, property revenue, net income, and adjusted EBITDA. The CEO highlighted the company's strong performance, recurring growth, and long-term potential driven by the 5G cycle. The company also provided an outlook for full year 2024, expecting sustained growth and positive impacts from strategic transactions.
Full articleSummary: Mistrial declared in an $86M stent patent case against Medtronic due to jury division and highlighted evidence of evasion by Medtronic executive. The legal battle has been ongoing for years concerning stent patent infringement.
Full articleSummary: Namcor has signed a farm-out agreement with Chevron Namibia Exploration Limited, wherein CNEL will acquire an 80% operating working interest in Petroleum Exploration License 82 in the Walvis Basin, offshore Namibia. Namcor and Custos Energy will retain a 10% carried interest each. The collaboration aims to enhance exploration and development of Namibia’s offshore resources.
Full articleSummary: Microsoft to invest $1.7 billion in Indonesia over the next four years to build new cloud and AI infrastructure, train 840,000 Indonesians in AI skills, and support local developers. The company also plans to provide AI skilling opportunities for 2.5 million people in ASEAN member states by 2025.
Full articleSummary: McDonald's Corporation announced positive financial results for the first quarter of 2024, including nearly 2% growth in global comparable sales, a 5% increase in consolidated revenues in constant currencies, and a 3% increase in systemwide sales to loyalty members.
Full articleSummary: The operators of an illegal IPTV streaming service were caught with the help of a PayPal error, leading to their arrest and prosecution. The service, called Titan Streams IPTV, had nearly 4,000 paying subscribers and offered content from BT Sport (now TNT Sports) and Sky Sports. Authorities are cracking down on illegal streaming activities globally.
Full articleSummary: Eli Lilly & Co. raised its annual outlook for sales and profit as the company races to meet demand for its weight-loss and diabetes drugs despite overall sales for the quarter missing analysts' estimates.
Full articleSummary: Blackrock Neurotech, a BCI technology company, received a $200M investment from Tether to fund commercialization and R&D efforts.
Full articleSummary: Wells Fargo & Company (WFC) has been performing exceptionally well despite turmoil in the financial sector, with positive EPS surprises, strong balance sheet, and outperforming the S&P 500 Index. Analysts foresee an attractive investment opportunity over the next 6-12 months.
Full articleSummary: Eli Lilly beat Wall Street estimates for first-quarter profit due to rising demand for weight-loss treatment and type 2 diabetes drug.
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