Summary: Caterpillar reported mixed results for Q1 2024 with flat revenues of US$15.8b compared to 1Q 2023, but a significant increase in net income by 47% to US$2.86b. However, the company beat EPS expectations with US$5.78, showing strong profit margin growth from 12% to 18%.
Full articleSummary: Colgate-Palmolive (NYSE:CL) reported Q1 CY2024 results exceeding expectations, with revenue up 6.2% year on year to $5.07 billion and non-GAAP profit of $0.86 per share. Company raised full year 2024 guidance for organic sales growth to 5% to 7%.
Full articleSummary: Oil prices edge higher ahead of U.S. inflation data, Exxon Mobil reports $8.2 billion profit despite tapering record-setting profits, TotalEnergies plans $2 billion buyback after beating profit expectations
Full articleSummary: Pfizer has secured FDA approval for Beqvez, a gene therapy for hemophilia B patients who use factor IX prophylaxis therapy or have serious bleeding episodes
Full articleSummary: ExxonMobil reported Q1 2024 financial results, showing a decrease in earnings and EPS compared to the same period last year. The company declared a second-quarter dividend. Analysts were cautious as the revenue estimate for Q1 suggests a drop of more than 5% compared to last year.
Full articleSummary: Charter Communications, Inc. announced a profit for the first quarter, which increased from last year but missed Street estimates. Earnings were $1.11 billion or $7.55 per share, compared to $1.02 billion or $6.65 per share in the previous year. Revenue for the quarter rose 0.2% to $13.68 billion.
Full articleSummary: Lockheed Martin's Annual General Meeting is scheduled for 2nd of May with CEO Jim Taiclet's total remuneration of US$23m, which is 51% above the industry average. The CEO has shown decent performance recently with a 33% total shareholder return over the past three years.
Full articleSummary: Xcel Energy reported first quarter 2024 financial results showing a decrease in revenue by 11%, an increase in net income by 17%, a rise in profit margin to 13%, and an increase in EPS to US$0.88. The company's EPS beat expectations while revenues fell short. Analysts forecast a 6% p.a. revenue growth for the next 3 years.
Full articleSummary: PepsiCo's North America drinks volumes slid in its first quarter of the financial year, with CEO hinting at potential disposals to ensure profitability. Nestlé is launching Nespresso coffee brand in India. US rum sales are declining in both value and volume, although the 'super-premium' category is seeing significant growth.
Full articleSummary: BNY Mellon has invested in Bitcoin ETFs from BlackRock and Grayscale. The approval of BTC ETFs in the US and Hong Kong has generated significant interest among institutional investors. Predictions suggest Bitcoin may hit a new high in May 2024.
Full articleSummary: Exxon Mobil Corp. reported a decrease in profit for the first quarter in line with Street estimates, with earnings of $2.06 per share, down from $2.79 per share last year. Revenue also fell by 4.0% to $83.083 billion.
Full articleSummary: PayPal Holdings, Inc. has been given a consensus recommendation of 'Hold' by thirty-five research firms, with twenty-three analysts rating it as a hold and twelve as a buy. The average 12-month price objective is $70.47. Recently, multiple brokerages have issued a mix of ratings including hold, neutral, and buy recommendations, with varying price targets.
Full articleSummary: PepsiCo is holding its Annual General Meeting on 1st of May. CEO Ramon Laguarta's total compensation is 143% higher than the industry average. The company's total shareholder return over the past three years was 33% with an EPS growth of 7.2% over the same period.
Full articleSummary: Colgate-Palmolive reported strong first quarter 2024 earnings results, with net sales and net income seeing significant increases. The company also raised its full-year guidance for 2024.
Full articleSummary: The article discusses how various tech companies with strong ties to AI have soared in market cap, with CrowdStrike (NASDAQ: CRWD) potentially joining the $1 trillion club due to the increasing need for cybersecurity against AI-fueled attacks.
Full articleSummary: Emerging-market currencies are becoming attractive for carry traders due to hawkishness spreading from the Federal Reserve to many developing central banks, as per strategists from Citigroup Inc. and JPMorgan Chase & Co.
Full articleSummary: Colgate-Palmolive Co. beat first-quarter earnings estimates, raised full-year sales guidance to grow 2% to 5%, and saw a 2.9% stock increase early Friday.
Full articleSummary: Intel shares slumped over 7% premarket after downbeat sales forecast due to AI technology boom diverting enterprise spending, trailing rival chip companies in AI production.
Full articleSummary: Union Pacific Corp (NYSE:UNP) maintains a strong position in the North American rail industry with diversified commodity transport, strategic investments, and operational efficiency. Opportunities for growth include intermodal transport and expansion into new markets, while facing economic and regulatory threats.
Full articleSummary: Coca-Cola FEMSA's first quarter results for 2024 showed strong performance with revenue up 12% and net income up 28% compared to the same period in 2023. The profit margin also increased to 7.8% driven by higher revenue. Earnings per share (EPS) exceeded analyst estimates by 17%.
Full articleSummary: CHMP adopts positive opinion recommending approval of Bristol Myers Squibb's Opdivo in combination with Cisplatin and Gemcitabine for the first-line treatment of adult patients with Unresectable or Metastatic Urothelial Carcinoma
Full articleSummary: Colgate-Palmolive Co. (CL) reported earnings for its first quarter that exceeded analysts' expectations, with a significant increase in both earnings and revenue. The company also raised its full-year sales growth guidance.
Full articleSummary: Honeywell unveils groundbreaking hydrocracking technology for sustainable aviation fuel (SAF) production with 90% less carbon intensity than traditional jet fuels, driving cost reduction of up to 20% and increasing SAF yield by 3-5%.
Full articleSummary: ExxonMobil reported Q1 2024 financial results with earnings of $8.2 billion, EPS at $2.06, and cash flow from operations of $14.7 billion. The company also declared a second-quarter dividend of $0.95 per share. However, earnings were down year-on-year from Q1 2023.
Full articleSummary: IBM introduces new storage capabilities with IBM Storage Assurance to maximize performance and extend clients' storage investments. The programme offers regular hardware and software upgrades, expert support, and subscription plans for FlashSystem devices.
Full articleSummary: Colgate-Palmolive Co. reported better-than-expected first-quarter earnings and revenue, surpassing Wall Street estimates.
Full articleSummary: United Parcel Service (NYSE:UPS) CEO Carol Tome's total compensation of US$23m, with a salary of US$1.5m, is 214% higher than the industry average. Despite positive earnings per share (EPS) growth of 5.3% over the last three years, total shareholder loss was 20%. Shareholders may raise concerns at the upcoming AGM regarding the disconnect between EPS growth and share price performance, and may be reluctant to increase CEO compensation.
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