Summary: Microsoft (MSFT) reported strong third quarter earnings, beating revenue estimates and showcasing solid performance in their cloud business.
Full articleSummary: Alphabet Inc. reported first-quarter revenue exceeding analysts' expectations driven by growth in its cloud computing unit.
Full articleSummary: Capital One Financial Corp. reported a first-quarter profit that was below Wall Street estimates due to an increase in soured credit-card loans.
Full articleSummary: Elon Musk expressed confidence in the potential launch of autonomous robotaxis by Tesla in the near future, with a focus on regulatory approval. Tesla's latest shareholder letter showcased a ridesharing app concept, emphasizing their investments in AI software and hardware for achieving vehicle autonomy and ride-hailing service.
Full articleSummary: Boeing's Starliner spacecraft is preparing for its debut mission with humans on board, with NASA astronauts Barry 'Butch' Wilmore and Suni Williams set to fly on the inaugural trip to the International Space Station (ISS). The mission, known as Crew Flight Test, has faced delays but the crew is confident in their training and preparations.
Full articleSummary: Capital One Financial (NYSE:COF) stock slipped 2.0% in after-hours trading due to weaker-than-expected earnings and higher-than-expected provision for credit losses. Q1 adjusted EPS of $3.21 missed analyst estimates while revenue of $9.42B topped consensus. Despite showing top-line growth, stabilizing consumer credit, and balance sheet strength, Capital One's provision for credit losses and net charge-off rate increased.
Full articleSummary: BlackRock's Bitcoin ETF, iShares Bitcoin Trust (IBIT), experienced $0 inflows for the first time since its launch in the U.S., alongside other Bitcoin ETFs, while Grayscale Bitcoin Trust ETF (GBTC) reported significant outflows. Overall, net outflows for spot Bitcoin ETFs reached $120.6 million on April 24.
Full articleSummary: Union Pacific reported a 1% increase in first-quarter profit compared to last year, primarily attributed to tighter expenses, especially in fuel costs, despite a slight decrease in shipping volume. The railroad exceeded analyst expectations with revenue and earnings, and showed improvement in operational metrics.
Full articleSummary: Google Cloud is incorporating artificial intelligence into its major partner tools like Partner Hub and Delivery Navigator Portal to enhance financial transparency and efficiency for partners. New AI features allow partners to search incentives by product, timeframe, and country. Additionally, Google launched a Generative AI Services Specialization and AI boot camps for partners.
Full articleSummary: Intel Corp. reported a loss of $381 million in its first quarter, with earnings coming to 18 cents per share, above expectations, but revenue fell short of forecasts. For the current quarter, Intel expects per-share earnings of 10 cents.
Full articleSummary: Intel Corp. reported a loss of $381 million in its first quarter, with earnings of 18 cents per share surpassing expectations but revenue of $12.72 billion falling short of forecasts. For the current quarter, it expects earnings to be 10 cents per share and revenue in the range of $12.5 billion to $13.5 billion.
Full articleSummary: Texas Instruments Incorporated declared a quarterly cash dividend of $1.30 per share of common stock.
Full articleSummary: Alphabet Inc.'s stock initially soared 14% in after-hours trading following huge spikes in revenue and net income that trounced analysts' predictions. The board also authorized the repurchase of up to $70 billion in shares.
Full articleSummary: Alphabet Inc. (GOOGL) reported first-quarter net income of $23.66 billion, beating Wall Street expectations.
Full articleSummary: Texas Instruments Incorporated declared a quarterly cash dividend of $1.30 per share of common stock.
Full articleSummary: Gilead Sciences Inc. reported a loss of $4.17 billion in its first quarter, with losses of $1.32 per share, surpassing Wall Street expectations. The company posted revenue of $6.69 billion, exceeding forecasts.
Full articleSummary: Gilead Sciences Inc. reported a loss of $4.17 billion in its first quarter, but exceeded Wall Street expectations in revenue and losses per share.
Full articleSummary: Intel Corp. gave a lackluster forecast for the current period, with sales and profit expected to be below analyst estimates.
Full articleSummary: Intel's stock dropped 8% in the extended session after reporting revenue slightly below analysts' expectations. The company recorded growth in client computing revenue but saw a decline in its foundry business.
Full articleSummary: Alphabet announced its first-ever dividend and a $70 billion stock buyback, leading to a surge of nearly 16% in after-hours trading. The company is returning capital to investors while focusing on investments in data centers for generative artificial intelligence.
Full articleSummary: Intel forecast second-quarter revenue and profit below market estimates, faces weak demand for traditional data center and PC chips, shares fell close to 5% in extended trading
Full articleSummary: Texas Instruments Incorporated declared a quarterly cash dividend of $1.30 per share of common stock.
Full articleSummary: Gilead Sciences Inc. reported a loss of $4.17 billion in its first quarter, but the results topped Wall Street expectations with revenue of $6.69 billion, beating forecasts.
Full articleSummary: Cisco released security advisories concerning vulnerabilities in Cisco ASA and FTD software, indicating state-sponsored threat actors engaging in malicious activity called ArcaneDoor targeting perimeter network devices. Two vulnerabilities (CVE-2024-20353 and CVE-2024-20359) were identified, potentially leading to denial of service conditions and allowing execution of arbitrary code with escalated privileges.
Full articleSummary: Microsoft announced strong third quarter results with revenue of $61.9 billion, operating income of $27.6 billion, and net income of $21.9 billion, driven by impressive growth in Microsoft Cloud revenue and key business segments like Productivity and Business Processes, Intelligent Cloud, and More Personal Computing.
Full articleSummary: Alphabet issues its first ever dividend of 20 cents per share and authorizes repurchase of up to $70 billion in stock, leading to a 15% increase in after hours trading shares. This move follows after Meta's similar action which led to a boost in share value. Investors are rewarding tech firms for cost-cutting, layoffs, and introducing dividends.
Full articleSummary: Intel Corp. reported a loss of $381 million in its first quarter, but exceeded earnings expectations. The revenue fell short of Street forecasts.
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