Summary: Colgate-Palmolive Co. reported first-quarter profit of $683 million with earnings of 86 cents per share.
Full articleSummary: Stock splits are often influenced by companies that have shown impressive revenue and profit growth. Costco (NASDAQ: COST) has been a top performer, but has not announced a stock split despite its share price exceeding $780.
Full articleSummary: VMware's end-user compute products are set to undergo substantial changes due to Broadcom's shakeup, impacting service providers and customers.
Full articleSummary: Heart-Valve-Surgery.com and Medtronic launched the 'Aortic Stenosis Patient Activation Platform' to provide digital patient awareness and education for aortic stenosis, a deadly and under-treated heart valve disease. The platform aims to increase awareness and education for patients through AI, patient-centric algorithms, and real-time connections with specialized heart teams.
Full articleSummary: Airlines like Southwest and American faced losses in the first quarter of 2024 due to Boeing's aircraft-delivery delays, leading to Southwest ceasing flights to some airports and reducing hiring. American Airlines also reported a loss amid growing labor costs.
Full articleSummary: Bristol-Myers Squibb (BMY) reported a challenging quarter with a significant net loss compared to the previous year, prompting a detailed SWOT analysis to assess its financial health and strategic positioning.
Full articleSummary: Shares of The Home Depot, Inc. (NYSE:HD) were down 0.7% on Thursday, with a decline in trading volume. Analysts have provided a mix of upgrades and downgrades for Home Depot, and the stock currently has an average rating of 'Moderate Buy'. The company recently increased its dividend, and there has been insider selling as well as institutional trading.
Full articleSummary: Innovative Business Solutions (IBS), St Lucia’s leading IT solutions provider, has been honored with two prestigious title awards from partner Honeywell, including recognition for achievements in commercial security and fire safety businesses.
Full articleSummary: Microsoft announced that fiscal year 2024 third-quarter financial results are available on its Investor Relations website. They will host a conference call at 2:30 p.m. Pacific Time.
Full articleSummary: Meta's financial report reveals staggering expenses in its Reality Labs division related to VR and augmented reality, with an operating loss of $3.8 billion. Despite investments in AI hardware like Nvidia chips, Meta's CEO vows to increase spending to become the leading AI company, causing a 12% loss in share value.
Full articleSummary: Delta and AmEx announced higher fees for the SkyMiles credit cards, leading to increased annual fees for premium cards like the Reserve card, triggering concerns among customers. However, Delta CEO mentioned a strong growth in card applications and sign-ups, attributing it to customers consolidating their spending on Delta cards.
Full articleSummary: Oracle announced new AI capabilities in Oracle Fusion Cloud Customer Experience to help marketers, sellers, and service agents accelerate deal cycles. The new AI features aim to automate tasks, enhance customer satisfaction, improve productivity, and drive more sales.
Full articleSummary: Big oil companies like ExxonMobil, Chevron, TotalEnergies, Phillips 66, and Imperial Oil are all reporting their financial results today amidst uncertain oil market conditions. Investors will be focusing on improving EBITDA, BOE production figures, and news on diversification into green energy avenues.
Full articleSummary: Coca-Cola FEMSA, S.A.B. de C.V. reported positive quarterly results with revenues beating expectations and earnings per share above analysts' forecasts. The analysts have adjusted their earnings models and are forecasting revenue growth for 2024 despite a slight downgrade in earnings per share estimates.
Full articleSummary: PepsiCo completes a new green energy initiative in Romania by installing photovoltaic panels at three sites, aimed at achieving net-zero emissions by 2040.
Full articleSummary: Molson Coors Beverage was downgraded by Citigroup from a 'neutral' rating to a 'sell' rating with a reduced price target, leading to a potential downside of 10.86% from the stock’s previous close. Several other analysts have also provided varying ratings on the stock.
Full articleSummary: Visa had its price target raised to $321.00 by Citigroup, with a 'buy' rating and a potential upside of 16.66%. Several other analysts have also given positive price targets and ratings for Visa, resulting in a consensus 'Moderate Buy' rating and an average target price of $302.58.
Full articleSummary: Exxon Mobil Corporation announced strong first-quarter earnings of $8.2 billion and achieved $14.7 billion in cash flow from operating activities. The company made progress in advantaged assets such as Guyana and performance chemical sales volumes. Capital and exploration expenditures were $5.8 billion.
Full articleSummary: State Treasurer John Fleming accuses Bank of America of de-banking conservatives and targeting Christians, gun manufacturers, and fossil fuel producers. Bank of America has denied the allegations.
Full articleSummary: NextEra Energy reported a 15% decrease in revenue but an 8.7% increase in net income for the first quarter of 2024. The profit margin also rose to 40% due to lower expenses. The EPS of US$1.11 beat expectations, while revenue fell short compared to analyst estimates.
Full articleSummary: Bank of America Corporation has increased its voting rights in EasyJet Plc to a total of 14.27% through various financial instruments expiring between 2024 and 2029.
Full articleSummary: Gilead Sciences announced Q1 2024 financial results with sales of $6.65 billion, a 5% increase compared to the same period last year, beating analyst projections.
Full articleSummary: Exxon Mobil Corporation announced first-quarter 2024 earnings of $8.2 billion, with capital and exploration expenditures at $5.8 billion, declaring a second-quarter dividend of $0.95 per share. Structural cost savings reached $10.1 billion with plans to deliver $15 billion by 2027.
Full articleSummary: Alphabet (GOOGL) beats analyst expectations in Q1 with $67.6 billion sales, reports $1.89 per share net income and declares a 20 cents per share dividend along with $70 billion stock repurchase plan. Google Cloud shows a 28% revenue increase fueled by AI investments. With steady performance in Google Search and YouTube ads, Google Cloud and AI offerings shine bright despite competitive pressures.
Full articleSummary: Exxon Mobil Corporation reported strong first-quarter earnings of $8.2 billion, achieved quarterly gross production of over 600,000 oil-equivalent barrels per day in Guyana, and reduced operated methane emissions intensity by more than 60%. The company also declared a second-quarter dividend of $0.95 per share.
Full articleSummary: ExxonMobil expects to have sustainable operational cost savings compared to 2019 levels, totaling $10.1 billion by 2024. These savings are achieved through operational efficiencies, divestment-related reductions, and other cost-saving measures. The company will discuss financial and operating results during a webcast on April 26, 2024. The forward-looking statements include ambitions to reach net zero emissions by 2050.
Full articleSummary: Exxon Mobil Corporation announced first-quarter 2024 earnings of $8.2 billion, with strong cash flow and free cash flow. The company declared a dividend of $0.95 per share for Q2 2024. They achieved $10.1 billion of cumulative Structural Cost Savings with an additional $0.4 billion in Q1 2024.
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