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KRISPY KREME® Adds NEW Doughnut Dots to Menu, Celebrates with Dollar Doughnut Dots Days
06:00:00 AM ET, 06/10/2024 - Business Wire
CHARLOTTE, N.C.--(BUSINESS WIRE)--Jun. 10, 2024--New treats are "poppin' up" at Krispy Kreme®! Meet Doughnut Dots – a new assortment of tiny, tasty takes on your favorite Krispy Kreme doughnuts that are small in size, huge in fun and flavor, and perfect for poppin'!
All-new assorted Doughnut Dots with four new flavors join Krispy Kreme’s Original Glazed® Doughnut Dots as a permanent addition to the menu at participating Krispy Kreme shops:
Powdered – an Original Glazed® doughnut hole tossed in sweet, powdered topping.
Sprinkled – an Original Glazed® doughnut hole with rainbow nonpareils.
Cinnamon – an Original Glazed® doughnut hole tossed in cinnamon topping.
Cookie Crumb – an Original Glazed® doughnut hole tossed in a cookie crumb topping and sprinkled with sweet, powdered topping.
Krispy Kreme’s new Assorted Doughnut Dots, including the Original Glazed® Doughnut Dots, come in a 10-count cup or 24-count box and are available in-shop and for pickup or delivery every day via Krispy Kreme’s app and website.
“Krispy Kreme fans can now double down on delicious when picking up their regular dozen by enjoying our new lineup of Doughnut Dots,” said Dave Skena, Global Chief Brand Officer for Krispy Kreme. “They’re bite-sized, fun, and made fresh daily. They’re perfect for sharing or you can pop 'em yourself when you’re on the go!”
Krispy Kreme and its fans will celebrate the arrival with Dollar Doughnut Dot Days, June 10 through 16, guests receiving a 10-count cup of assorted Doughnut Dots or Original Glazed Doughnut Dots for just $1 with the purchase of any dozen doughnuts.
Noble to Acquire Diamond Offshore Drilling
Noble to Acquire Diamond Offshore Drilling in Cash-Plus-Stock Transaction, Increases Dividend
04:26 AM EDT, 06/10/2024 (MT Newswires) -- Noble (NE) said Monday that it has entered a definitive merger agreement to acquire Diamond Offshore Drilling (DO) in a stock plus cash transaction with an implied value of $15.52 per share.
Diamond shareholders will receive 0.2316 Noble shares and $5.65 in cash for each Diamond share, amounting to $600 million in total cash to Diamond shareholders on a fully diluted basis.
Upon closing, Diamond shareholders will own about 14.5% of Noble's outstanding shares, the company said.
The company plans to fund the cash portion of the transaction through new debt financing, which it has secured through a $600 million committed bridge financing facility.
The transaction is expected to close by Q1 of 2025 and has been unanimously approved by the board of directors of each company.
Following the acquisition, Noble said it will own and operate a fleet of 41 rigs including 28 floaters and 13 jackups.
Additionally, the company's board of directors approved a 25% increase in its quarterly dividend to $0.50 per share, payable on Sept. 26 to shareholders of record on Sept. 12.
NVDA
6/10/24
120.80
10:1 split adjusted 6/7/2024
From $1208 to 120.80
NVIDIA Corporation (Nasd: NVDA)
SEC, nasdaq, ShortSqueeze
Finviz, StockTA, Stoxline,
'Roaring Kitty' could not save GameStop as meme stock tanks
Chris Pandolfo
Sat, Jun 8, 2024, 5:18 AM MDT3 min read
https://finance.yahoo.com/news/roaring-kitty-could-not-save-111808590.html
Meme stock trader Keith Gill, aka "Roaring Kitty," failed to rally investors around GameStop with his first livestream in three years on Friday as the stock slumped 40%.
GameStop shares plummeted after the video game retailer unveiled a share sale to raise up to $3 billion. Gill, meanwhile, told nearly 600,000 viewers on his YouTube livestream to bet on CEO Ryan Cohen "and his crew" while joking about memes and issuing disclaimers that retail traders could "lose it all."
Gill said his "aggressive style of investing, it is almost certainly not suitable for you all."
GameStop reported its quarterly results four days ahead of schedule on Friday, which sent the stock shooting up 50% before Gill posted about his upcoming livestream.
The volatile movement in GameStop, AMC Entertainment and other stocks popular on Reddit show retail traders still have a big appetite for taking risks on struggling companies — investments inspired by nostalgia and internet jokes rather than good business sense.
"You post a couple of memes, you post a couple of screenshots, and everyone loses their minds," Gill said on the livestream, wearing a headband and white sunglasses.
GameStop finished trading at $28.22 after it was halted several times ahead of and during the much-anticipated livestream.
Investors exchanged $10 billion worth of GameStop shares, more than any other stock on Wall Street except Nvidia and Apple, according to LSEG data reported by Reuters.
Gill expressed confidence in Cohen's ability to pull GameStop through the "transformation stage" he believes the company has entered.
"I’m not promising anything, but over the long term here, I think he seems like the type of guy," he said. "He seems like he has those characteristics in the way he approaches this, seems like he might be able to do this but, again, that’s not a guarantee."
IN 2021, Gill's advocacy for GameStop sent its shares soaring by as much as 1,600% before they came crashing back to earth. He became an internet hero to some and an annoyance for others on Wall Street.
"This is what he does. He discusses the fundamentals, he likes the stock, he memes, he drinks, he rambles," user SteveRogers 7 commented on Reddit after Gill's livestream. "You want him to tell you to go and pump GME? That is not gonna happen, stay disappointed."
In Friday's report, GameStop said it saw net sales of $881.8 million and a net loss of $32.3 million for the first quarter. The former represented a year-over-year decline of 28.7%, while the latter was an improvement.
The retailer reported $1.083 billion in cash, cash equivalents and marketable securities.
The company also said it would sell up to 75 million shares to raise capital, but did not say when it would do so.
Last month, GameStop said it made more than $900 million by selling 45 million shares after meme-stocks rallied thanks to investor enthusiasm.
"Retail traders are growing in force and inserting themselves into the conversation like never before. These investors truly have a seat at the table now and need to be paid their due attention by public companies for their influence," Don Montanaro, president of discount brokerage Firstrade, told Reuters.
NVDA for Monday :
Update and add to high flyer list/ remove PINS/DOCU for starts Add CMG as well
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173103445
NVIDIA Corporation (Nasd: NVDA
Moved to sticky note : Update info after split adjusted 6/10 (Monday)
Tracking $1208 to 120.80 with 10/1 forward
Chipotle shareholders approve 50-to-1 stock split (6/26 stock adjust)
Company executives said the decision was made in part to make its stock more accessible to employees.
Alicia Kelso | Jun 07, 2024
Chipotle’s 50-to-1 stock split, proposed by the company in March, has been approved by the company’s shareholders. With the vote, which came during its annual meeting Thursday, Chipotle’s stock will begin trading on a post-split basis June 26. To facilitate the split, shareholders also had to approve an increase in the number of authorized shares. With this approval, Chipotle’s stock split becomes one of the largest in New York Stock Exchange history.
A stock split divides a company’s outstanding share count but doesn’t change its overall market value or capitalization. Such a move is generally seen as making a company’s shares more accessible for investors and employees. It is also a way to avoid a slowdown in buying activity, as record-high prices can deter some investors even though the market value is unchanged.
For Chipotle, shareholders of record as of June 18 will receive 49 additional shares for each share held, which will then be distributed after market close June 25, ahead of the June 26 trading date.
"We believe the stock split will make our stock more accessible to our employees as well as a broader range of investors," CFO Jack Hartung said in a statement. "With this historic decision, we'll be better able to reward our team members and empower them to have ownership in our company."
Chipotle has been trading well above $3,000 since late April and is up over 320% throughout the past five years. Chipotle made its debut on the public market in 2006 at $22 per share.
During a recent interview, Laurie Schalow, chief corporate affairs and food safety officer, reiterated that those prices were simply not attainable for many employees.
“This is going to make it more accessible for our employees, which is really important to us,” Schalow said.
The company also announced a one-time equity grant for all general managers, as well as employees with more than 20 years of service.
GME volume
(Andrew Left, when asked about shorting GME the first time and losing his shirt "Why would you do it again?" and he said... " After my first wife... I said I would never do that again...and I did" )
Honestly. What a catch this guy is. Poor woman.
Volume
The last 10-days have seen significant volume in GME, with average daily volume above the average for the last year. Today's volume is no exception; with 163,439,017 shares having been traded already. The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers.
GME offering an additional 75m shares
https://www.sec.gov/Archives/edgar/data/1326380/000119312524156636/d614527d424b5.htm
We previously entered into an Open Market Sale AgreementSM, or Sales Agreement, with Jefferies LLC, or Jefferies, on May 17, 2024, relating to shares of our Class A common stock, par value $0.001 per share, or common stock. In accordance with the terms of the Sales Agreement, we may offer and sell shares of our common stock from time to time through Jefferies, acting as our sales agent and referred to as the “Sales Agent.” We have previously sold an aggregate of 45,000,000 shares of our common stock for aggregate gross proceeds of approximately $933.4 million pursuant to the Sales Agreement and the prospectus supplement filed by us on May 17, 2024. Under this prospectus supplement and the accompanying prospectus, and in accordance with the terms of the Sales Agreement, we may offer and sell up to an additional 75,000,000 shares of our common stock from and after the date hereof.
Our common stock is listed on the New York Stock Exchange, or the NYSE, under the symbol “GME.” On June 6, 2024, the last reported sale price of our common stock on the NYSE was $46.55 per share. Our common stock has experienced extreme volatility in price and trading volume. From February 4, 2024 to June 6, 2024, the closing price of our common stock on the NYSE ranged from as low as $10.01 to as high as $48.75 and daily trading volume ranged from approximately 1,731,300 to 206,979,100 shares. During such period, we did not experience any material changes in our financial condition or results of operations that would explain such price volatility or trading volume. Furthermore, since January 2021 through the date hereof, the market price of our common stock has seen extreme price fluctuations that do not appear to be based on the underlying fundamentals of our business or results of operations. Investors that purchase shares of our common stock in this offering may lose a significant portion of their investments if the price of our common stock subsequently declines. Please see the section of this prospectus supplement titled “Risk Factors.”
Sales of our common stock, if any, under this prospectus supplement may be made by any method permitted that is deemed to be an “at the market offering” as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended, or the Securities Act. The Sales Agent is not required to sell any specific number or dollar amount of shares of our common stock but will act as our sales agent and use commercially reasonable efforts to sell on our behalf all of the shares of common stock requested to be sold by us, consistent with normal trading and sales practices of the Sales Agent, on terms mutually agreed between the Sales Agent and us. There is no arrangement for funds to be received in any escrow, trust or similar arrangement.
GameStop Discloses First Quarter 2024 Results
June 07, 2024 06:05 ET
GRAPEVINE, Texas, June 07, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today released financial results for the first quarter ended May 4, 2024. The Company’s condensed and consolidated financial statements, including GAAP and non-GAAP results, are below.
FIRST QUARTER OVERVIEW
Net sales were $0.882 billion for the first quarter, compared to $1.237 billion in the prior year's first quarter.
Selling, general and administrative (“SG&A") expenses were $295.1 million, or 33.5% of net sales for the first quarter, compared to $345.7 million, or 27.9% of net sales, in the prior year's first quarter.
Net loss was $32.3 million for the first quarter, compared to a net loss of $50.5 million for the prior year’s first quarter.
Cash, cash equivalents and marketable securities were $1.083 billion at the close of the quarter.
Long-term debt remains limited to a low-interest, unsecured term loan associated with the French government’s response to COVID-19.
The Company will not be holding a conference call today.
Earnings end
GameStop (GME) reported a loss of $0.12 per share on revenue of $881.80 million for the fiscal first quarter ended April 2024. The consensus estimate was a loss of $0.10 per share on revenue of $900.00 million. The company missed consensus estimates by 20.00% while revenue fell 28.72% compared to the same quarter a year ago.
DocuSign (DOCU) reported earnings of $0.82 per share on for the fiscal first quarter ended April 2024. The consensus earnings estimate was $0.79 per share on revenue of $706.07 million. The Earnings Whisper number was $0.84 per share. The company missed expectations by 2.38%.
The company said it expects second quarter revenue of $725.0 million to $729.0 million and fiscal year revenue of $2.920 billion to $2.932 billion. The company's previous guidance was fiscal year revenue of $2.915 billion to $2.927 billion. The current consensus revenue estimate is $723.57 million for the quarter ending July 31, 2024 and revenue of $2.920 billion for the year ending January 31, 2025.
PagerDuty (PD) reported a loss of $0.11 per share on revenue of $111.17 million for the fiscal first quarter ended April 2024. The consensus estimate was a loss of $0.11 per share on revenue of $111.74 million. The Earnings Whisper number was $0.13 per share. The company missed expectations by 184.62% while revenue grew 7.68% on a year-over-year basis.The company said it expects second quarter non-GAAP earnings of $0.16 to $0.17 per share on revenue of $115.50 million to $117.50 million. The current consensus earnings estimate is $0.15 per share on revenue of $117.25 million for the quarter ending July 31, 2024. The company said it expects fiscal 2025 non-GAAP earnings of $0.66 to $0.71 per share on revenue of $471.0 billion to $477.0 billion. The company’s previous guidance was earnings of $0.65 to $0.70 per share on revenue of $470.0 million to $478.0 million and the current consensus earnings estimate is $0.67 per share on revenue of $474.99 million for the year ending January 31, 2025.
ULTA Beauty (ULTA) reported earnings of $6.47 per share on revenue of $2.73 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $6.19 per share on revenue of $2.72 billion. The Earnings Whisper number was $6.30 per share. The company beat expectations by 2.70% while revenue grew 3.48% on a year-over-year basis.The company said it expects fiscal 2025 earnings of $25.20 to $26.00 per share on revenue of $11.50 billion to $11.60 billion. The company’s previous guidance was earnings of $26.20 to $27.00 per share on revenue of $11.70 billion to $11.80 billion and the current consensus earnings estimate is $26.22 per share on revenue of $11.72 billion for the year ending January 31, 2025.
C3.ai, Inc. (AI) reported a loss of $0.11 per share on revenue of $86.59 million for the fiscal fourth quarter ended April 2024. The consensus estimate was a loss of $0.30 per share on revenue of $82.72 million. The Earnings Whisper number was a loss of $0.24 per share. The company beat expectations by 54.17% while revenue grew 19.58% on a year-over-year basis.The company said it expects first quarter revenue of $84.0 million to $89.0 million and fiscal 2025 revenue of $370.0 million to $395.0 million. The current consensus revenue estimate is $84.43 million for the quarter ending July 31, 2024 and revenue of $369.14 million for the year ending April 30, 2025.
UiPath (PATH) reported earnings of $0.12 per share on revenue of $335.11 million for the fiscal first quarter ended April 2024. The consensus earnings estimate was $0.12 per share on revenue of $332.84 million. The Earnings Whisper number was $0.15 per share. The company missed expectations by 20.00% while revenue grew 15.72% on a year-over-year basis.The company said it expects second quarter revenue of $300.0 million to $305.0 million and fiscal 2025 revenue of $1.405 billion to $1.410 billion. The company's previous guidance was fiscal year revenue of $1.555 billion to $1.560 billion. The current consensus revenue estimate is $342.13 million for the quarter ending July 31, 2024 and revenue of $1.52 billion for the year ending January 31, 2025.
Best Buy Co. (BBY) reported earnings of $1.20 per share on revenue of $8.85 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $1.07 per share on revenue of $8.97 billion. The Earnings Whisper number was $1.20 per share. The company reported in-line with expectations while revenue fell 6.55% compared to the same quarter a year ago.The company said it continues to expect fiscal year earnings of $5.75 to $6.20 per share on revenue of $41.30 billion to $42.60 billion. The current consensus earnings estimate is $6.02 per share on revenue of $42.04 billion for the year ending January 31, 2025.
NVIDIA (NVDA) reported earnings of $6.21 per share on revenue of $26.04 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $5.55 per share on revenue of $24.17 billion. The Earnings Whisper number was $5.80 per share. The company beat expectations by 7.07% while revenue grew 262.12% on a year-over-year basis.The company said it expects second quarter non-GAAP earnings of $5.96 to $6.48 per share on revenue of $27.44 billion to $28.56 billion. The current consensus earnings estimate is $5.95 per share on revenue of $26.66 billion for the quarter ending July 31, 2024.
Zoom Video Communications (ZM) reported earnings of $1.35 per share on revenue of $1.14 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $1.19 per share on revenue of $1.13 billion. The Earnings Whisper number was $1.25 per share. The company beat expectations by 8.00% while revenue grew 3.25% on a year-over-year basis.The company said it expects second-quarter non-GAAP earnings of $1.20 to $1.21 per share on revenue of $1.145 billion to $1.150 billion. The current consensus earnings estimate is $1.22 per share on revenue of $1.15 billion for the quarter ending July 31, 2024. The company also said it expects fiscal 2025 non-GAAP earnings of $4.99 to $5.02 per share on revenue of $4.610 billion to $4.620 billion. The company's previous guidance was earnings of $4.85 to $4.88 per share on revenue of approximately $4.60 billion and the current consensus earnings estimate is $4.91 per share on revenue of $4.60 billion for the year ending January 31, 2025.
Home Depot (HD) reported earnings of $3.63 per share on revenue of $36.42 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $3.61 per share on revenue of $36.69 billion. The Earnings Whisper number was $3.65 per share. The company missed expectations by 0.55% while revenue fell 2.25% compared to the same quarter a year ago.The company said it continues to expect fiscal 2025 earnings of approximately $15.26 per share on revenue of approximately $154.20 billion. The current consensus earnings estimate is $15.36 per share on revenue of $154.56 billion for the year ending January 31, 2025
Cisco Systems (CSCO) reported earnings of $0.88 per share on revenue of $12.70 billion for the fiscal third quarter ended April 2024. The consensus earnings estimate was $0.83 per share on revenue of $12.47 billion. The Earnings Whisper number was $0.86 per share. The company beat expectations by 2.33% while revenue fell 12.83% compared to the same quarter a year ago.
The company said it expects fourth quarter non-GAAP earnings of $0.84 to $0.86 per share on revenue of $13.40 billion to $13.60 billion. The current consensus earnings estimate is $0.79 per share on revenue of $13.20 billion for the quarter ending July 31, 2024.
Walmart (WMT) reported earnings of $0.60 per share on revenue of $161.51 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $0.52 per share on revenue of $158.89 billion. The Earnings Whisper number was $0.55 per share. The company beat expectations by 9.09% while revenue grew 6.05% on a year-over-year basis.The company said it expects second-quarter earnings of $0.62 to $0.65 per share on revenue of $167.29 billion to $168.58 billion. The current consensus earnings estimate is $0.64 per share on revenue of $167.21 billion for the quarter ending July 31, 2024. The company also said it expects fiscal 2025 results to be at the high end or slightly above its previous guidance range for earnings of $2.23 to $2.37 per share and revenue of $667.57 billion to $674.05 billion. The current consensus earnings estimate is $2.36 per share on revenue of $671.50 billion for the year ending January 31, 2025.
Plug Power (PLUG) reported a loss of $0.43 per share on revenue of $120.26 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.32 per share on revenue of $172.89 million. The company missed consensus estimates by 34.38% while revenue fell 42.81% compared to the same quarter a year ago.
Roblox (RBLX) reported a loss of $0.43 per share on revenue of $801.30 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.53 per share on revenue of $931.05 million. The Earnings Whisper number was a loss of $0.49 per share. The company beat expectations by 12.24% while revenue grew 22.27% on a year-over-year basis.The company said it expects second quarter bookings of $870.0 million to $900.0 million and 2024 bookings of $4.00 billion to $4.10 billion. The company's previous guidance was 2024 bookings of $4.14 billion to $4.28 billion. The current consensus revenue estimate is $943.93 million for the quarter ending June 30, 2024 and revenue of $4.23 billion for the year ending December 31, 2024.
Shopify (SHOP) reported earnings of $0.20 per share on revenue of $1.86 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.17 per share on revenue of $1.84 billion. The Earnings Whisper number was $0.21 per share. The company missed expectations by 4.76% while revenue grew 23.41% on a year-over-year basis.The company said it expects second quarter revenue of approximately $1.99 billion. The current consensus revenue estimate is $2.01 billion for the quarter ending June 30, 2024.
Perion Network (PERI) reported earnings of $0.35 per share on revenue of $157.82 million for the first quarter ended March 2024. The consensus earnings estimate was $0.36 per share on revenue of $156.96 million. The company missed consensus estimates by 2.78% while revenue grew 8.73% on a year-over-year basis.The company said it expects second quarter revenue of $118.0 million to $122.0 million and continues to expect 2024 revenue of $590.0 million to $610.0 million. The current consensus revenue estimate is $118.77 million for the quarter ending June 30, 2024 and revenue of $599.46 million for the year ending December 31, 2024.
Upstart (UPST) reported a loss of $0.31 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $0.39 per share on revenue of $124.82 million. The Earnings Whisper number was a loss of $0.41 per share. The company beat expectations by 24.39%.
BP (BP) reported Q1 underlying earnings Tuesday of $0.97 per American depositary share, down from $1.66 a year earlier.
Rivian Automotive (RIVN) reported a loss of $1.45 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $1.14 per share on revenue of $1.12 billion. The Earnings Whisper number was a loss of $1.10 per share. The company missed expectations by 31.82%.
iRobot (IRBT) reported a loss of $1.53 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $2.39 per share on revenue of $139.45 million. The company beat consensus estimates by 35.98%.
RingCentral (RNG) reported earnings of $0.85 per share on revenue of $584.21 million for the first quarter ended March 2024. The consensus earnings estimate was $0.80 per share on revenue of $577.93 million. The Earnings Whisper number was $0.83 per share. The company beat expectations by 2.41% while revenue grew 9.47% on a year-over-year basis.
Toast (TOST) reported a loss of $0.15 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $0.15 per share on revenue of $1.03 billion. The Earnings Whisper number was a loss of $0.13 per share. The company missed expectations by 15.38%.
Twilio (TWLO) reported earnings of $0.80 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.59 per share on revenue of $1.03 billion. The Earnings Whisper number was $0.64 per share. The company beat expectations by 25.00%.
Reddit (RDDT) reported a loss of $8.19 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $8.55 per share on revenue of $212.43 million. The company beat consensus estimates by 4.21%.
Walt Disney (DIS) reported earnings of $1.21 per share on revenue of $22.08 billion for the fiscal second quarter ended March 2024. The consensus earnings estimate was $1.12 per share on revenue of $22.11 billion. The Earnings Whisper number was $1.20 per share. The company beat expectations by 0.83% while revenue grew 1.23% on a year-over-year basis.
The company said it expects fiscal 2024 earnings of approximately $4.70 per share. The company's previous guidance was earnings of approximately $4.60 per share and the current consensus earnings estimate is $4.70 per share for the year ending September 30, 2024.
Palantir Technologies (PLTR) reported earnings of $0.08 per share on revenue of $634.34 million for the first quarter ended March 2024. The consensus earnings estimate was $0.08 per share on revenue of $614.88 million. The Earnings Whisper number was $0.09 per share. The company missed expectations by 11.11% while revenue grew 20.78% on a year-over-year basis. The company said it expects second quarter revenue of $649.0 million to $653.0 million and 2024 revenue of $2.677 billion to $2.689 billion. The company's previous guidance was 2024 revenue of $2.652 billion to $2.668 billion and the The current consensus revenue estimate is $642.88 million for the quarter ending June 30, 2024 and revenue of $2.68 billion for the year ending December 31, 2024.
Apple (AAPL) reported earnings of $1.53 per share on revenue of $90.75 billion for the fiscal second quarter ended March 2024. The consensus earnings estimate was $1.51 per share on revenue of $89.79 billion. The Earnings Whisper number was $1.50 per share. The company beat expectations by 2.00% while revenue fell 4.31% compared to the same quarter a year ago.The company said during its conference call it expects third-quarter earnings of $1.28 to $1.34 per share on revenue of approximately $83.84 billion. The current consensus earnings estimate is $1.31 per share on revenue of $82.65 billion for the quarter ending June 30, 2024.
Block (SQ) reported earnings of $0.74 per share on revenue of $5.96 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.72 per share on revenue of $5.73 billion. The Earnings Whisper number was $0.76 per share. The company missed expectations by 2.63% while revenue grew 19.38% on a year-over-year basis.
Rocket Companies (RKT) reported earnings of $0.07 per share on revenue of $1.38 billion for the first quarter ended March 2024. The consensus estimate was a loss of $0.01 per share on revenue of $1.01 billion. The company beat consensus estimates by 800.00% while revenue grew 107.74% on a year-over-year basis.The company said it expects second quarter revenue of $1.075 billion to $1.225 billion. The current consensus revenue estimate is $1.25 billion for the quarter ending June 30, 2024.
QUALCOMM (QCOM) reported earnings of $2.44 per share on revenue of $9.39 billion for the fiscal second quarter ended March 2024. The consensus earnings estimate was $2.31 per share on revenue of $9.32 billion. The Earnings Whisper number was $2.49 per share. The company missed expectations by 2.01% while revenue grew 1.23% on a year-over-year basis.The company said it expects third quarter non-GAAP earnings of $2.15 to $2.35 per share on revenue of $8.80 billion to $9.60 billion. The current consensus earnings estimate is $2.17 per share on revenue of $9.05 billion for the quarter ending June 30, 2024.
Amazon.com (AMZN) reported earnings of $0.98 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.81 per share on revenue of $142.55 billion. The Earnings Whisper number was $0.90 per share. The company beat expectations by 8.89%.The company said it expects second quarter revenue of $144.0 billion to $149.0 billion. The current consensus revenue estimate is $150.22 billion for the quarter ending June 30, 2024.
Starbucks (SBUX) reported earnings of $0.68 per share on for the fiscal second quarter ended March 2024. The consensus earnings estimate was $0.79 per share on revenue of $9.17 billion. The Earnings Whisper number was $0.80 per share. The company missed expectations by 15.00%.
Supermicro (SMCI) reported earnings of $6.65 per share on for the fiscal third quarter ended March 2024. The consensus earnings estimate was $5.79 per share on revenue of $4.01 billion. The Earnings Whisper number was $6.00 per share. The company beat expectations by 10.83%.The company said it expects fourth quarter earnings of $7.62 to $8.42 per share on revenue of $5.10 billion to $5.50 billion. The current consensus earnings estimate is $6.99 per share on revenue of $4.91 billion for the quarter ending June 30, 2024.
3M (MMM) reported earnings of $2.39 per share on revenue of $8.00 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.08 per share on revenue of $7.64 billion. The Earnings Whisper number was $2.14 per share. The company beat expectations by 11.68% while revenue fell 0.35% compared to the same quarter a year ago.The company said it expects 2024 earnings of $6.80 to $7.30 per share, with the spin-off of Solventum. The current consensus earnings estimate is $8.19 per share for the year ending December 31, 2024.
PayPal (PYPL) reported earnings of $1.40 per share on revenue of $7.70 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.24 per share on revenue of $7.50 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 11.11% while revenue grew 9.36% on a year-over-year basis.The company said it expects second quarter earnings of approximately $0.98 per share and 2024 earnings of $3.98 to $4.17 per share, using its new Non-GAAP metholdolgy. The current consensus estimate is earnings of $0.93 per share for the quarter ending June 30, 2024 and earnings of $4.02 per share for the year ending December 31, 2024.
Coca-Cola (KO) reported earnings of $0.72 per share on revenue of $11.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.69 per share on revenue of $10.95 billion. The Earnings Whisper number was $0.71 per share. The company beat expectations by 1.41% while revenue grew 2.91% on a year-over-year basis.The company said it continues to expect 2024 earnings of $2.80 to $2.82 per share. The current consensus earnings estimate is $2.81 per share for the year ending December 31, 2024.
McDonalds (MCD) reported earnings of $2.70 per share on revenue of $6.17 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.71 per share on revenue of $6.17 billion. The Earnings Whisper number was $2.80 per share. The company missed expectations by 3.57% while revenue grew 4.60% on a year-over-year basis.
Transocean (RIG) reported a loss of $0.03 per share on revenue of $763.00 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.13 per share on revenue of $779.56 million. The Earnings Whisper number was a loss of $0.09 per share. The company beat expectations by 66.67% while revenue grew 17.57% on a year-over-year basis.
Rambus (RMBS) reported earnings of $0.30 per share on revenue of $117.87 million for the first quarter ended March 2024. The consensus earnings estimate was $0.44 per share on revenue of $132.00 million. The Earnings Whisper number was $0.47 per share. The company missed expectations by 36.17% while revenue grew 3.61% on a year-over-year basis.The company said it expects second quarter revenue of $130.0 million to $148.0 million. The current consensus revenue estimate is $138.70 million for the quarter ending June 30, 2024.
Roper Technologies (ROP) reported earnings of $4.41 per share on revenue of $1.68 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.34 per share on revenue of $1.65 billion. The company beat consensus estimates by 1.61% while revenue grew 14.36% on a year-over-year basis.The company said it expects second quarter earnings of $4.42 to $4.46 per share and now expects 2024 earnings of $18.05 to $18.25 per share. The company's previous guidance was 2024 earnings of $17.85 to $18.15 per share. The current consensus estimate is earnings of $4.46 per share for the quarter ending June 30, 2024 and earnings of $18.08 per share for the year ending December 31, 2024.
Chevron (CVX) reported earnings of $2.93 per share on revenue of $48.72 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.84 per share on revenue of $51.17 billion. The Earnings Whisper number was $3.06 per share. The company missed expectations by 4.25% while revenue fell 4.09% compared to the same quarter a year ago.
Snap (SNAP) reported earnings of $0.03 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $0.04 per share on revenue of $1.12 billion. The Earnings Whisper number was a loss of $0.01 per share. The company beat expectations by 400.00%.The company said it expects second quarter revenue of $1.225 billion to $1.255 billion. The current consensus revenue estimate is $1.21 billion for the quarter ending June 30, 2024.
Microsoft (MSFT) reported earnings of $2.94 per share on revenue of $61.86 billion for the fiscal third quarter ended March 2024. The consensus earnings estimate was $2.81 per share on revenue of $60.77 billion. The Earnings Whisper number was $2.91 per share. The company beat expectations by 1.03% while revenue grew 17.03% on a year-over-year basis.
Alphabet (GOOGL) reported earnings of $1.89 per share on revenue of $80.54 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.49 per share on revenue of $78.61 billion. The Earnings Whisper number was $1.55 per share. The company beat expectations by 21.94% while revenue grew 15.41% on a year-over-year basis.
Intel (INTC) reported earnings of $0.18 per share on revenue of $12.72 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.11 per share on revenue of $12.77 billion. The Earnings Whisper number was $0.15 per share. The company beat expectations by 20.00% while revenue grew 8.61% on a year-over-year basis.The company said it expects second quarter non-GAAP earnings of approximately $0.10 per share on revenue of $12.50 billion to $13.50 billion. The current consensus earnings estimate is $0.25 per share on revenue of $13.60 billion for the quarter ending June 30, 2024.
Roku (ROKU) reported a loss of $0.35 per share on revenue of $881.47 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.64 per share on revenue of $850.97 million. The Earnings Whisper number was a loss of $0.56 per share. The company beat expectations by 37.50% while revenue grew 18.96% on a year-over-year basis.
Teradyne (TER) reported earnings of $0.51 per share on revenue of $599.82 million for the first quarter ended March 2024. The consensus earnings estimate was $0.33 per share on revenue of $566.46 million. The Earnings Whisper number was $0.37 per share. The company beat expectations by 37.84% while revenue fell 2.87% compared to the same quarter a year ago.The company said it expects second quarter earnings of $0.64 to $0.84 per share on revenue of $665.0 million to $725.0 million. The current consensus earnings estimate is $0.66 per share on revenue of $635.91 million for the quarter ending June 30, 2024.
Ford Motor (F) reported earnings of $0.49 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.42 per share on revenue of $40.64 billion. The Earnings Whisper number was $0.48 per share. The company beat expectations by 2.08%.
Meta Platforms (META) reported earnings of $4.71 per share on for the first quarter ended March 2024. The consensus earnings estimate was $4.32 per share on revenue of $36.15 billion. The Earnings Whisper number was $4.51 per share. The company beat expectations by 4.43%.
AT&T (T) reported earnings of $0.55 per share on revenue of $30.03 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.53 per share on revenue of $30.54 billion. The Earnings Whisper number was $0.53 per share. The company beat expectations by 3.77% while revenue fell 0.37% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.21 per share for the year ending December 31, 2024.
RTX (RTX) reported earnings of $1.34 per share on revenue of $19.31 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.23 per share on revenue of $18.41 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 6.35% while revenue grew 12.15% on a year-over-year basis.The company said it continues to expect 2024 earnings of $5.25 to $5.40 per share on revenue of $78.0 billion to $79.0 billion. The current consensus earnings estimate is $5.39 per share on revenue of $78.6 billion for the year ending December 31, 2024.
Tesla (TSLA) reported earnings of $0.45 per share on revenue of $21.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.49 per share on revenue of $22.71 billion. The Earnings Whisper number was $0.41 per share. The company beat expectations by 9.76% while revenue fell 8.69% compared to the same quarter a year ago.
Netflix (NFLX) reported earnings of $5.28 per share on revenue of $9.37 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.51 per share on revenue of $9.25 billion. The Earnings Whisper number was $4.61 per share. The company beat expectations by 14.53% while revenue grew 14.81% on a year-over-year basis.The company said it expects second quarter earnings of approximately $4.68 per share on revenue of approximately $9.49 billion. The current consensus earnings estimate is $4.53 per share on revenue of $9.53 billion for the quarter ending June 30, 2024
Earnings 6-6-24
GME 6-11 A
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DocuSign (DOCU) reported earnings of $0.82 per share on for the fiscal first quarter ended April 2024. The consensus earnings estimate was $0.79 per share on revenue of $706.07 million. The Earnings Whisper number was $0.84 per share. The company missed expectations by 2.38%.
The company said it expects second quarter revenue of $725.0 million to $729.0 million and fiscal year revenue of $2.920 billion to $2.932 billion. The company's previous guidance was fiscal year revenue of $2.915 billion to $2.927 billion. The current consensus revenue estimate is $723.57 million for the quarter ending July 31, 2024 and revenue of $2.920 billion for the year ending January 31, 2025.
PagerDuty (PD) reported a loss of $0.11 per share on revenue of $111.17 million for the fiscal first quarter ended April 2024. The consensus estimate was a loss of $0.11 per share on revenue of $111.74 million. The Earnings Whisper number was $0.13 per share. The company missed expectations by 184.62% while revenue grew 7.68% on a year-over-year basis.The company said it expects second quarter non-GAAP earnings of $0.16 to $0.17 per share on revenue of $115.50 million to $117.50 million. The current consensus earnings estimate is $0.15 per share on revenue of $117.25 million for the quarter ending July 31, 2024. The company said it expects fiscal 2025 non-GAAP earnings of $0.66 to $0.71 per share on revenue of $471.0 billion to $477.0 billion. The company’s previous guidance was earnings of $0.65 to $0.70 per share on revenue of $470.0 million to $478.0 million and the current consensus earnings estimate is $0.67 per share on revenue of $474.99 million for the year ending January 31, 2025.
ULTA Beauty (ULTA) reported earnings of $6.47 per share on revenue of $2.73 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $6.19 per share on revenue of $2.72 billion. The Earnings Whisper number was $6.30 per share. The company beat expectations by 2.70% while revenue grew 3.48% on a year-over-year basis.The company said it expects fiscal 2025 earnings of $25.20 to $26.00 per share on revenue of $11.50 billion to $11.60 billion. The company’s previous guidance was earnings of $26.20 to $27.00 per share on revenue of $11.70 billion to $11.80 billion and the current consensus earnings estimate is $26.22 per share on revenue of $11.72 billion for the year ending January 31, 2025.
C3.ai, Inc. (AI) reported a loss of $0.11 per share on revenue of $86.59 million for the fiscal fourth quarter ended April 2024. The consensus estimate was a loss of $0.30 per share on revenue of $82.72 million. The Earnings Whisper number was a loss of $0.24 per share. The company beat expectations by 54.17% while revenue grew 19.58% on a year-over-year basis.The company said it expects first quarter revenue of $84.0 million to $89.0 million and fiscal 2025 revenue of $370.0 million to $395.0 million. The current consensus revenue estimate is $84.43 million for the quarter ending July 31, 2024 and revenue of $369.14 million for the year ending April 30, 2025.
UiPath (PATH) reported earnings of $0.12 per share on revenue of $335.11 million for the fiscal first quarter ended April 2024. The consensus earnings estimate was $0.12 per share on revenue of $332.84 million. The Earnings Whisper number was $0.15 per share. The company missed expectations by 20.00% while revenue grew 15.72% on a year-over-year basis.The company said it expects second quarter revenue of $300.0 million to $305.0 million and fiscal 2025 revenue of $1.405 billion to $1.410 billion. The company's previous guidance was fiscal year revenue of $1.555 billion to $1.560 billion. The current consensus revenue estimate is $342.13 million for the quarter ending July 31, 2024 and revenue of $1.52 billion for the year ending January 31, 2025.
Best Buy Co. (BBY) reported earnings of $1.20 per share on revenue of $8.85 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $1.07 per share on revenue of $8.97 billion. The Earnings Whisper number was $1.20 per share. The company reported in-line with expectations while revenue fell 6.55% compared to the same quarter a year ago.The company said it continues to expect fiscal year earnings of $5.75 to $6.20 per share on revenue of $41.30 billion to $42.60 billion. The current consensus earnings estimate is $6.02 per share on revenue of $42.04 billion for the year ending January 31, 2025.
NVIDIA (NVDA) reported earnings of $6.21 per share on revenue of $26.04 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $5.55 per share on revenue of $24.17 billion. The Earnings Whisper number was $5.80 per share. The company beat expectations by 7.07% while revenue grew 262.12% on a year-over-year basis.The company said it expects second quarter non-GAAP earnings of $5.96 to $6.48 per share on revenue of $27.44 billion to $28.56 billion. The current consensus earnings estimate is $5.95 per share on revenue of $26.66 billion for the quarter ending July 31, 2024.
Zoom Video Communications (ZM) reported earnings of $1.35 per share on revenue of $1.14 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $1.19 per share on revenue of $1.13 billion. The Earnings Whisper number was $1.25 per share. The company beat expectations by 8.00% while revenue grew 3.25% on a year-over-year basis.The company said it expects second-quarter non-GAAP earnings of $1.20 to $1.21 per share on revenue of $1.145 billion to $1.150 billion. The current consensus earnings estimate is $1.22 per share on revenue of $1.15 billion for the quarter ending July 31, 2024. The company also said it expects fiscal 2025 non-GAAP earnings of $4.99 to $5.02 per share on revenue of $4.610 billion to $4.620 billion. The company's previous guidance was earnings of $4.85 to $4.88 per share on revenue of approximately $4.60 billion and the current consensus earnings estimate is $4.91 per share on revenue of $4.60 billion for the year ending January 31, 2025.
Home Depot (HD) reported earnings of $3.63 per share on revenue of $36.42 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $3.61 per share on revenue of $36.69 billion. The Earnings Whisper number was $3.65 per share. The company missed expectations by 0.55% while revenue fell 2.25% compared to the same quarter a year ago.The company said it continues to expect fiscal 2025 earnings of approximately $15.26 per share on revenue of approximately $154.20 billion. The current consensus earnings estimate is $15.36 per share on revenue of $154.56 billion for the year ending January 31, 2025
Cisco Systems (CSCO) reported earnings of $0.88 per share on revenue of $12.70 billion for the fiscal third quarter ended April 2024. The consensus earnings estimate was $0.83 per share on revenue of $12.47 billion. The Earnings Whisper number was $0.86 per share. The company beat expectations by 2.33% while revenue fell 12.83% compared to the same quarter a year ago.
The company said it expects fourth quarter non-GAAP earnings of $0.84 to $0.86 per share on revenue of $13.40 billion to $13.60 billion. The current consensus earnings estimate is $0.79 per share on revenue of $13.20 billion for the quarter ending July 31, 2024.
Walmart (WMT) reported earnings of $0.60 per share on revenue of $161.51 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $0.52 per share on revenue of $158.89 billion. The Earnings Whisper number was $0.55 per share. The company beat expectations by 9.09% while revenue grew 6.05% on a year-over-year basis.The company said it expects second-quarter earnings of $0.62 to $0.65 per share on revenue of $167.29 billion to $168.58 billion. The current consensus earnings estimate is $0.64 per share on revenue of $167.21 billion for the quarter ending July 31, 2024. The company also said it expects fiscal 2025 results to be at the high end or slightly above its previous guidance range for earnings of $2.23 to $2.37 per share and revenue of $667.57 billion to $674.05 billion. The current consensus earnings estimate is $2.36 per share on revenue of $671.50 billion for the year ending January 31, 2025.
Plug Power (PLUG) reported a loss of $0.43 per share on revenue of $120.26 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.32 per share on revenue of $172.89 million. The company missed consensus estimates by 34.38% while revenue fell 42.81% compared to the same quarter a year ago.
Roblox (RBLX) reported a loss of $0.43 per share on revenue of $801.30 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.53 per share on revenue of $931.05 million. The Earnings Whisper number was a loss of $0.49 per share. The company beat expectations by 12.24% while revenue grew 22.27% on a year-over-year basis.The company said it expects second quarter bookings of $870.0 million to $900.0 million and 2024 bookings of $4.00 billion to $4.10 billion. The company's previous guidance was 2024 bookings of $4.14 billion to $4.28 billion. The current consensus revenue estimate is $943.93 million for the quarter ending June 30, 2024 and revenue of $4.23 billion for the year ending December 31, 2024.
Shopify (SHOP) reported earnings of $0.20 per share on revenue of $1.86 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.17 per share on revenue of $1.84 billion. The Earnings Whisper number was $0.21 per share. The company missed expectations by 4.76% while revenue grew 23.41% on a year-over-year basis.The company said it expects second quarter revenue of approximately $1.99 billion. The current consensus revenue estimate is $2.01 billion for the quarter ending June 30, 2024.
Perion Network (PERI) reported earnings of $0.35 per share on revenue of $157.82 million for the first quarter ended March 2024. The consensus earnings estimate was $0.36 per share on revenue of $156.96 million. The company missed consensus estimates by 2.78% while revenue grew 8.73% on a year-over-year basis.The company said it expects second quarter revenue of $118.0 million to $122.0 million and continues to expect 2024 revenue of $590.0 million to $610.0 million. The current consensus revenue estimate is $118.77 million for the quarter ending June 30, 2024 and revenue of $599.46 million for the year ending December 31, 2024.
Upstart (UPST) reported a loss of $0.31 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $0.39 per share on revenue of $124.82 million. The Earnings Whisper number was a loss of $0.41 per share. The company beat expectations by 24.39%.
BP (BP) reported Q1 underlying earnings Tuesday of $0.97 per American depositary share, down from $1.66 a year earlier.
Rivian Automotive (RIVN) reported a loss of $1.45 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $1.14 per share on revenue of $1.12 billion. The Earnings Whisper number was a loss of $1.10 per share. The company missed expectations by 31.82%.
iRobot (IRBT) reported a loss of $1.53 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $2.39 per share on revenue of $139.45 million. The company beat consensus estimates by 35.98%.
RingCentral (RNG) reported earnings of $0.85 per share on revenue of $584.21 million for the first quarter ended March 2024. The consensus earnings estimate was $0.80 per share on revenue of $577.93 million. The Earnings Whisper number was $0.83 per share. The company beat expectations by 2.41% while revenue grew 9.47% on a year-over-year basis.
Toast (TOST) reported a loss of $0.15 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $0.15 per share on revenue of $1.03 billion. The Earnings Whisper number was a loss of $0.13 per share. The company missed expectations by 15.38%.
Twilio (TWLO) reported earnings of $0.80 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.59 per share on revenue of $1.03 billion. The Earnings Whisper number was $0.64 per share. The company beat expectations by 25.00%.
Reddit (RDDT) reported a loss of $8.19 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $8.55 per share on revenue of $212.43 million. The company beat consensus estimates by 4.21%.
Walt Disney (DIS) reported earnings of $1.21 per share on revenue of $22.08 billion for the fiscal second quarter ended March 2024. The consensus earnings estimate was $1.12 per share on revenue of $22.11 billion. The Earnings Whisper number was $1.20 per share. The company beat expectations by 0.83% while revenue grew 1.23% on a year-over-year basis.
The company said it expects fiscal 2024 earnings of approximately $4.70 per share. The company's previous guidance was earnings of approximately $4.60 per share and the current consensus earnings estimate is $4.70 per share for the year ending September 30, 2024.
Palantir Technologies (PLTR) reported earnings of $0.08 per share on revenue of $634.34 million for the first quarter ended March 2024. The consensus earnings estimate was $0.08 per share on revenue of $614.88 million. The Earnings Whisper number was $0.09 per share. The company missed expectations by 11.11% while revenue grew 20.78% on a year-over-year basis. The company said it expects second quarter revenue of $649.0 million to $653.0 million and 2024 revenue of $2.677 billion to $2.689 billion. The company's previous guidance was 2024 revenue of $2.652 billion to $2.668 billion and the The current consensus revenue estimate is $642.88 million for the quarter ending June 30, 2024 and revenue of $2.68 billion for the year ending December 31, 2024.
Apple (AAPL) reported earnings of $1.53 per share on revenue of $90.75 billion for the fiscal second quarter ended March 2024. The consensus earnings estimate was $1.51 per share on revenue of $89.79 billion. The Earnings Whisper number was $1.50 per share. The company beat expectations by 2.00% while revenue fell 4.31% compared to the same quarter a year ago.The company said during its conference call it expects third-quarter earnings of $1.28 to $1.34 per share on revenue of approximately $83.84 billion. The current consensus earnings estimate is $1.31 per share on revenue of $82.65 billion for the quarter ending June 30, 2024.
Block (SQ) reported earnings of $0.74 per share on revenue of $5.96 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.72 per share on revenue of $5.73 billion. The Earnings Whisper number was $0.76 per share. The company missed expectations by 2.63% while revenue grew 19.38% on a year-over-year basis.
Rocket Companies (RKT) reported earnings of $0.07 per share on revenue of $1.38 billion for the first quarter ended March 2024. The consensus estimate was a loss of $0.01 per share on revenue of $1.01 billion. The company beat consensus estimates by 800.00% while revenue grew 107.74% on a year-over-year basis.The company said it expects second quarter revenue of $1.075 billion to $1.225 billion. The current consensus revenue estimate is $1.25 billion for the quarter ending June 30, 2024.
QUALCOMM (QCOM) reported earnings of $2.44 per share on revenue of $9.39 billion for the fiscal second quarter ended March 2024. The consensus earnings estimate was $2.31 per share on revenue of $9.32 billion. The Earnings Whisper number was $2.49 per share. The company missed expectations by 2.01% while revenue grew 1.23% on a year-over-year basis.The company said it expects third quarter non-GAAP earnings of $2.15 to $2.35 per share on revenue of $8.80 billion to $9.60 billion. The current consensus earnings estimate is $2.17 per share on revenue of $9.05 billion for the quarter ending June 30, 2024.
Amazon.com (AMZN) reported earnings of $0.98 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.81 per share on revenue of $142.55 billion. The Earnings Whisper number was $0.90 per share. The company beat expectations by 8.89%.The company said it expects second quarter revenue of $144.0 billion to $149.0 billion. The current consensus revenue estimate is $150.22 billion for the quarter ending June 30, 2024.
Starbucks (SBUX) reported earnings of $0.68 per share on for the fiscal second quarter ended March 2024. The consensus earnings estimate was $0.79 per share on revenue of $9.17 billion. The Earnings Whisper number was $0.80 per share. The company missed expectations by 15.00%.
Supermicro (SMCI) reported earnings of $6.65 per share on for the fiscal third quarter ended March 2024. The consensus earnings estimate was $5.79 per share on revenue of $4.01 billion. The Earnings Whisper number was $6.00 per share. The company beat expectations by 10.83%.The company said it expects fourth quarter earnings of $7.62 to $8.42 per share on revenue of $5.10 billion to $5.50 billion. The current consensus earnings estimate is $6.99 per share on revenue of $4.91 billion for the quarter ending June 30, 2024.
3M (MMM) reported earnings of $2.39 per share on revenue of $8.00 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.08 per share on revenue of $7.64 billion. The Earnings Whisper number was $2.14 per share. The company beat expectations by 11.68% while revenue fell 0.35% compared to the same quarter a year ago.The company said it expects 2024 earnings of $6.80 to $7.30 per share, with the spin-off of Solventum. The current consensus earnings estimate is $8.19 per share for the year ending December 31, 2024.
PayPal (PYPL) reported earnings of $1.40 per share on revenue of $7.70 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.24 per share on revenue of $7.50 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 11.11% while revenue grew 9.36% on a year-over-year basis.The company said it expects second quarter earnings of approximately $0.98 per share and 2024 earnings of $3.98 to $4.17 per share, using its new Non-GAAP metholdolgy. The current consensus estimate is earnings of $0.93 per share for the quarter ending June 30, 2024 and earnings of $4.02 per share for the year ending December 31, 2024.
Coca-Cola (KO) reported earnings of $0.72 per share on revenue of $11.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.69 per share on revenue of $10.95 billion. The Earnings Whisper number was $0.71 per share. The company beat expectations by 1.41% while revenue grew 2.91% on a year-over-year basis.The company said it continues to expect 2024 earnings of $2.80 to $2.82 per share. The current consensus earnings estimate is $2.81 per share for the year ending December 31, 2024.
McDonalds (MCD) reported earnings of $2.70 per share on revenue of $6.17 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.71 per share on revenue of $6.17 billion. The Earnings Whisper number was $2.80 per share. The company missed expectations by 3.57% while revenue grew 4.60% on a year-over-year basis.
Transocean (RIG) reported a loss of $0.03 per share on revenue of $763.00 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.13 per share on revenue of $779.56 million. The Earnings Whisper number was a loss of $0.09 per share. The company beat expectations by 66.67% while revenue grew 17.57% on a year-over-year basis.
Rambus (RMBS) reported earnings of $0.30 per share on revenue of $117.87 million for the first quarter ended March 2024. The consensus earnings estimate was $0.44 per share on revenue of $132.00 million. The Earnings Whisper number was $0.47 per share. The company missed expectations by 36.17% while revenue grew 3.61% on a year-over-year basis.The company said it expects second quarter revenue of $130.0 million to $148.0 million. The current consensus revenue estimate is $138.70 million for the quarter ending June 30, 2024.
Roper Technologies (ROP) reported earnings of $4.41 per share on revenue of $1.68 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.34 per share on revenue of $1.65 billion. The company beat consensus estimates by 1.61% while revenue grew 14.36% on a year-over-year basis.The company said it expects second quarter earnings of $4.42 to $4.46 per share and now expects 2024 earnings of $18.05 to $18.25 per share. The company's previous guidance was 2024 earnings of $17.85 to $18.15 per share. The current consensus estimate is earnings of $4.46 per share for the quarter ending June 30, 2024 and earnings of $18.08 per share for the year ending December 31, 2024.
Chevron (CVX) reported earnings of $2.93 per share on revenue of $48.72 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.84 per share on revenue of $51.17 billion. The Earnings Whisper number was $3.06 per share. The company missed expectations by 4.25% while revenue fell 4.09% compared to the same quarter a year ago.
Snap (SNAP) reported earnings of $0.03 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $0.04 per share on revenue of $1.12 billion. The Earnings Whisper number was a loss of $0.01 per share. The company beat expectations by 400.00%.The company said it expects second quarter revenue of $1.225 billion to $1.255 billion. The current consensus revenue estimate is $1.21 billion for the quarter ending June 30, 2024.
Microsoft (MSFT) reported earnings of $2.94 per share on revenue of $61.86 billion for the fiscal third quarter ended March 2024. The consensus earnings estimate was $2.81 per share on revenue of $60.77 billion. The Earnings Whisper number was $2.91 per share. The company beat expectations by 1.03% while revenue grew 17.03% on a year-over-year basis.
Alphabet (GOOGL) reported earnings of $1.89 per share on revenue of $80.54 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.49 per share on revenue of $78.61 billion. The Earnings Whisper number was $1.55 per share. The company beat expectations by 21.94% while revenue grew 15.41% on a year-over-year basis.
Intel (INTC) reported earnings of $0.18 per share on revenue of $12.72 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.11 per share on revenue of $12.77 billion. The Earnings Whisper number was $0.15 per share. The company beat expectations by 20.00% while revenue grew 8.61% on a year-over-year basis.The company said it expects second quarter non-GAAP earnings of approximately $0.10 per share on revenue of $12.50 billion to $13.50 billion. The current consensus earnings estimate is $0.25 per share on revenue of $13.60 billion for the quarter ending June 30, 2024.
Roku (ROKU) reported a loss of $0.35 per share on revenue of $881.47 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.64 per share on revenue of $850.97 million. The Earnings Whisper number was a loss of $0.56 per share. The company beat expectations by 37.50% while revenue grew 18.96% on a year-over-year basis.
Teradyne (TER) reported earnings of $0.51 per share on revenue of $599.82 million for the first quarter ended March 2024. The consensus earnings estimate was $0.33 per share on revenue of $566.46 million. The Earnings Whisper number was $0.37 per share. The company beat expectations by 37.84% while revenue fell 2.87% compared to the same quarter a year ago.The company said it expects second quarter earnings of $0.64 to $0.84 per share on revenue of $665.0 million to $725.0 million. The current consensus earnings estimate is $0.66 per share on revenue of $635.91 million for the quarter ending June 30, 2024.
Ford Motor (F) reported earnings of $0.49 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.42 per share on revenue of $40.64 billion. The Earnings Whisper number was $0.48 per share. The company beat expectations by 2.08%.
Meta Platforms (META) reported earnings of $4.71 per share on for the first quarter ended March 2024. The consensus earnings estimate was $4.32 per share on revenue of $36.15 billion. The Earnings Whisper number was $4.51 per share. The company beat expectations by 4.43%.
AT&T (T) reported earnings of $0.55 per share on revenue of $30.03 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.53 per share on revenue of $30.54 billion. The Earnings Whisper number was $0.53 per share. The company beat expectations by 3.77% while revenue fell 0.37% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.21 per share for the year ending December 31, 2024.
RTX (RTX) reported earnings of $1.34 per share on revenue of $19.31 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.23 per share on revenue of $18.41 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 6.35% while revenue grew 12.15% on a year-over-year basis.The company said it continues to expect 2024 earnings of $5.25 to $5.40 per share on revenue of $78.0 billion to $79.0 billion. The current consensus earnings estimate is $5.39 per share on revenue of $78.6 billion for the year ending December 31, 2024.
Tesla (TSLA) reported earnings of $0.45 per share on revenue of $21.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.49 per share on revenue of $22.71 billion. The Earnings Whisper number was $0.41 per share. The company beat expectations by 9.76% while revenue fell 8.69% compared to the same quarter a year ago.
Netflix (NFLX) reported earnings of $5.28 per share on revenue of $9.37 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.51 per share on revenue of $9.25 billion. The Earnings Whisper number was $4.61 per share. The company beat expectations by 14.53% while revenue grew 14.81% on a year-over-year basis.The company said it expects second quarter earnings of approximately $4.68 per share on revenue of approximately $9.49 billion. The current consensus earnings estimate is $4.53 per share on revenue of $9.53 billion for the quarter ending June 30, 2024.
Is Rivian Stock A Buy Or A Sell As Tesla Bull Sees The EV Startup 'Uniquely Positioned Within Autos'?
KIT NORTON09:41 AM ET 06/06/2024
https://finance.yahoo.com/m/266505ad-eab7-3ed6-8eba-7ebf32da2e4c/is-rivian-stock-a-buy-or-a.html
Rivian Automotive (RIVN) is looking to challenge Tesla (TSLA), Ford (F) and General Motors (GM) with its adventure-styled electric vehicles. RIVN shares surged 40% in December 2023 but have come back to earth in 2024, falling more than 50%.
Adam Jonas, Morgan Stanley's high-profile autos analyst, met with Rivian management in late May. The analyst came away from the gathering with the belief that Rivian is "uniquely positioned within autos (other than Tesla) on scaling a fully integrated software stack critical to unlocking the AI opportunity."
"At a market value 1/60 that of Tesla," Jonas added. "The stock's direction is a balance of dilution risk vs. potential strategic partner re-rate."
The analyst also wrote that Rivian Chief Executive RJ Scaringe cited the Volkswagen (VWAGY)-XPeng (XPEV) agreement as a "good example for a partnership model."
"We note that while there are no announced negotiations/partnerships, the openness to such opportunity is positive," Jonas said.
Rivian Stock: First-Quarter Results
Rivian reported reported a worse-than-expected loss in the first-quarter late on May 7 as the company lost $38,784 per vehicle delivered. Meanwhile, speculation has run rampant that Apple (AAPL) is looking to partner with the EV startup.
Rivian announced a loss of $1.24 per share in the first quarter, down from a $1.25 loss a year ago, while revenue increased more than 80% to $1.204 billion. Analysts predicted a loss of $1.15 per share in Q1 with sales totaling $1.17 billion.
Rivian ended Q1 with $7.858 billion in cash, cash equivalents, and short-term investments. Rivian ended Q4 with around $9 billion in cash. The EV startup said it "expects significant improvement in the material and conversion cost of its vehicles and remains confident in its path to achieving modest gross profit in the fourth quarter of this year."
"First-quarter results exceeded our outlook and set a strong foundation for the remainder of the year as we focus on continued demand generation, delivering cost and plant efficiency improvements, advancing R2 development, and driving towards profitability," Scaringe said at the time.
Rivian And Apple?
Ahead of earnings, Rivian stock swung higher after Taiwan-based Digitimes reported Apple could be exploring a partnership with Rivian, citing supply chain sources. Apple canceled its long-running "Project Titan" Apple Car in late February.
Scaringe said on the Q1 earnings call that Rivian wouldn't "comment on market rumors or speculation." However, he added that Rivian has a "history of partnership," as Scaringe pointed to the investment from Amazon.com (AMZN).
"As we think about what we've built as a company, one of the core elements that makes this unique is just the level of vertical integration around our software and associated electronics platforms," Scaringe said on the earnings call.
Following Rivian's new product line unveiling in March, Jonas wrote that his "key question" is whether Rivian should "seek out a new strategic 'sponsor' before launching the 'heavy lift' phase of development or do they continue to 'go-it-alone' and potentially look for partners later phase."
It is Jonas' view that Rivian may benefit from a partnership to bring its new vehicles to market at scale.
Rivian Stock: Executive Change And Q1 Deliveries
In early May, Rivian announced it had hired Javier Varela as its new chief operations officer. Varela joins Rivian from Volvo where he served as chief operations officer and deputy chief executive officer.
Meanwhile, Rivian has also received $827 million from the state of Illinois to expand its Normal, Illinois plant.
In early April, Rivian announced vehicle deliveries in Q1 totaled 13,588 while it produced 13,980. For 2024, Rivian also reaffirmed previous guidance of producing 57,000 vehicles.
Ahead of the release, analysts expected the company to deliver 13,000 units. On Feb. 21, Rivian predicted that 2024 production would remain flat compared with 2023 while consumer and commercial vehicle deliveries will grow by low single digits in 2024.
The carmaker also forecast that vehicle deliveries in fiscal Q1 2024 would be about 10%-15% lower than in Q4 2023, which totaled 13,972. However, Rivian's Q1 deliveries declined only 3%.
The Rivian Reveal
The EV startup unveiled the R2 — its smaller, cheaper, next-generation vehicle and platform — on March 7. The vehicle has an estimated starting price of $45,000 with expectations it will also qualify for the $7,500 Inflation Reduction Act (IRA) tax credit.
Rivian planned to produce the vehicle at its new factory in Georgia. However, the company halted construction of the $5 billion plant and is opening an R2 production line at its Illinois plant.
Production of the R2 platform is expected to begin in 2026 with deliveries set for the first half of 2026.
Rivian also announced the R3, a more compact crossover style vehicle that uses the R2 platform, and a high-performance R3X offering. The company has not mentioned pricing or delivery estimates for the R3 or R3X.
Rivian has said the R3 will be at a lower price point than the R2 and that deliveries for the R3X will begin after the R2.
Within 24 hours after the launch, Rivian said it received more than 68,000 reservations for the R2.
"I'm so excited about what it represents for us as a company in terms of achieving scale," Scaringe said at the event.
On the Feb. 21 Q4 earnings call, Scaringe said that the "R2 represents the essence of our brand, while targeting the significant midsized SUV segment, a massive market with limited compelling EV options beyond Tesla."
Analyst Adam Jonas Weighs In On Rivian Stock
After the event, Morgan Stanley's Jonas wrote that the R3 reveal "stole the show." However, the analyst also voiced caution.
"While Rivian excited the market with the unveil of its next 3 years of new product pipeline, investors may also want to contemplate the potential risks of showing too much," Jonas said.
The analyst added that potentially just as important as the new products was the decision to pause its Georgia plant plans, which should save around $2.25 billion in capital spending.
"We believe the company may require significantly greater capital resources to commercialize the R2 and R3 model plan with confidence," he wrote.
Jonas said his "key question" is whether Rivian should "seek out a new strategic 'sponsor' before launching the 'heavy lift' phase of development or do they continue to 'go-it-alone' and potentially look for partners later phase."
Rivian's Cash Question
RIVN shares dropped more than 25% on Feb. 22 after reporting fourth-quarter earnings and revenue, along with announcing layoffs.
Rivian saw a loss of $1.36 per share in Q4 with sales doubling to $1.31 billion. Analysts expected a loss of $1.35 and revenue totaling $1.28 billion. At the time, the carmaker also said it was laying off 10% of its salaried workers.
Tesla (TSLA) Chief Executive Elon Musk posted on X late on Feb. 21 that based on Rivian's quarterly cash on hand, the company could go bankrupt in around six quarters.
Chief Financial Officer Claire McDonough told investors on the Q4 earnings call that Rivian remains "confident that our cash, cash equivalents and short-term investments can fund our operations through 2025."
"We aim to maintain a strong balance sheet position by continuing to drive cost efficiencies and improve our vehicle unit economics, while opportunistically evaluating a variety of capital markets available to Rivian ranging across the capital structure," McDonough said.
Rivian Stock Falters
Rivian ended 2023 on a high note as interest in electric-pickup trucks appeared to be picking up following initial deliveries of the Tesla Cybertruck. At the end of December, Baird even designated RIVN as a "best idea" for 2024. The firm wrote that Rivian has remained supply constrained relative to demand longer than several of its EV peers.
However, RIVN shares have dropped since then. The decline in 2024 comes after RIVN gained 40% in December 2023, moving above key levels of resistance and clearing an aggressive entry point.
In December 2023, AT&T (T) announced that starting in 2024 it will begin "piloting" Rivian vehicles in its fleet. AT&T expected to begin adding the Rivian Commercial Van and R1 vehicles to its fleet in early 2024. It is unclear how many Rivian vehicles AT&T will order. The company partnership also sees AT&T as the exclusive provider of connectivity to all Rivian vehicles, in the U.S. and Canada.
Rivian had reported during its third-quarter earnings it would allow more customers beyond Amazon, which remains a key buyer, to purchase its commercial electric vans.
Rivian currently prioritizing production of electric vans for Amazon. The online marketplace already has around 1,000 Rivian commercial vans delivering packages in major cities in the U.S. It has ordered 100,000 of Rivian's electric vans.
Amazon currently has a 16.7% stake in Rivian, according to FactSet. However, Amazon is also looking elsewhere to electrify its fleet.
Rivian Stock: Tesla Cybertruck Competition Or Opportunity
Tesla delivered its first 12 Cybertrucks on Nov. 30. The long-awaited arrival of the new Tesla vehicle sent Rivian shares 7.6% higher the following day.
The EV giant is offering three trims of the Cybertruck, with the rear-wheel drive version starting at $60,990 with a 250 mile range.
The all-wheel drive version has a starting price of $79,990 with 340 miles of range. Tesla is also offering a top end trim, called the Cyberbeast, starting at $99,990 with a 320 mile range. Both the all-wheel drive version and the Cyberbeast have 2024 deliveries.
Four years ago, Tesla announced the price would start at $39,900 with Musk previously saying he wanted to price the base model under $50,000. Originally, Tesla and Musk stated the tri-motor Cybertruck would have 500 miles of range with the dual-motor model managing 300 miles and the base rear-wheel version getting 250 miles per charge.
The price point and the unique design language of the Cybertruck may lead more consumers to look at Rivian's offerings.
Rivian Stock IPO
The EV startup currently produces an electric pickup-truck, SUV and commercial vans. Rivian makes its vehicles in Normal, Ill. The plant has a production capacity of 150,000 units annually. With the R2 production line, the capacity will total 215,000 units per year, according to Rivian,
Rivian rolled out the first all-electric pickup truck, the R1T, on Sept. 14, 2021, and its R1S SUV in the fall of 2022. The company launched with great fanfare on Wall Street.
On Nov. 9, 2021, the much-anticipated RIVN IPO priced strong, an upsized 153 million shares at $78 a share — above the expected range. Rivian stock has since fallen well below its IPO price.
Nevertheless, Rivian had a monster IPO, raising $11.9 billion and giving the company an initial valuation of roughly $77 billion. Rivian stock soared to 179.47 on Nov. 16, 2021, then sold off sharply over the following weeks and months.
Rivian Stock
RIVN surged after it announced its R2 and R3 productions. However, RIVN shares have tumbled more than 50% in 2024, dropping back below their 200-day. The stock is currently trading along its 50-day moving average and is about 86% below its IPO price of $78, according to MarketSurge analysis.
Rivian stock ranks tenth in IBD's Automakers industry group. RIVN has a 22 Composite Rating out of 99. Additionally, the stock has a 14 Relative Strength Rating and its EPS Rating is 31 out of 99.
Rivian sales are picking up, but heavy losses are likely to continue for some time. Shares are down 50% in 2024 and it is trading along its 50-day line. For now, RIVN is still not yet a buy.
Don't Call It a Comeback: The Best Is Yet to Come for PayPal. Here's Why.
Adam Spatacco, The Motley Fool
Wed, Jun 5, 2024, 6:30 AM MDT5 min read
https://finance.yahoo.com/m/f2ffb9be-8c46-3f60-8157-d6fa68fad841/don%27t-call-it-a-comeback%3A-the.html
The last couple of years have been a roller-coaster ride for PayPal (NASDAQ: PYPL). During the peak days of the pandemic, the business experienced abnormally high demand as e-commerce transactions became more widely used. An overly euphoric base of investors poured into PayPal stock, rocketing shares to a high of $308.
Today, they trade for about $62. What happened? As the height of the pandemic waned, PayPal's business results followed, and its growth began to slow. Moreover, the fintech landscape is highly competitive, which makes it difficult for the company to maintain or acquire market share.
Over the past year, PayPal has undergone something of a makeover. While the company is still in a turnaround, recent financial and operational highlights look encouraging. Let's explore how PayPal is reinventing itself and assess why now is a great time to scoop up shares.
What's new at PayPal?
There is virtually no shortage of solutions in the fintech realm. Products and services such as peer-to-peer payments; buy now, pay later (BNPL), or linking bank accounts in payments apps are offered by a number of different companies. PayPal is considered a pioneer in digital payments, and the company operates a number of useful platforms including Venmo, Honey, and more.
The problem? The company hasn't done a great job of marketing its ecosystem, and so consumers pass up using PayPal in lieu of other apps. With transaction fees the primary driver of revenue, decelerating use has been a problem.
Last summer, its board of directors named Alex Chriss as the company's new CEO. He was a former executive at financial services company Intuit and was responsible for much of the company's product road map. Following the appointment of Chriss, PayPal went through management reshuffling, hiring a number of new leaders.
Subsequently, he and his new team spent some time rebuilding PayPal. Specifically, they instituted a number of new services that leverage artificial intelligence (AI). The idea behind this was to have AI serve as the main stitch connecting PayPal's entire payments fabric.
How is the company performing?
For the quarter ended March 31, PayPal generated $7.7 billion in revenue, an increase of 9% year over year. Although this level of growth might look a bit mundane, there was one metric in particular that signals momentum could be reaccelerating. The table below shows its transaction margin over the last year.
For several quarters, PayPal has struggled to expand its transaction margin, and this directly affects its revenue growth, margin expansion, and overall profitability. However, during the first quarter, the company's transaction margin grew by 4% year over year, the highest level it has reached in quite some time.
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PayPal is a compelling long-term investment
The chart below benchmarks PayPal against a number of fintech peers. With a price-to-sales (P/S) ratio of 2.2, its stock trades at a discount to many other financial services businesses. Furthermore, this multiple is only narrowly above the company's all-time low P/S multiple of 1.9.
PayPal's current depressed valuation suggests that investors are flocking to other fintech stocks and perhaps view the company as an archaic payment platform trying to stay relevant among a sea of newer competitors.
I think this is shortsighted, and I see the disparity in trading multiples as a buying opportunity. Will the stock ever reach $308 again? I don't know. But I also don't think it matters.
Buying shares of PayPal should be rooted in a belief in the company's comeback story. Its new growth strategy is still very much in its infancy, so investors should taper expectations for now.
With that said, there are some early indications that these investments are already yielding results. If the company is able to continue improving its transaction margin, it should begin to witness some lucrative growth.
Investors with a long-term horizon might want to consider building a small position as the stock hovers at dirt-cheap prices. A prudent thing to do would be to monitor PayPal's earnings reports over the next several quarters to ensure that the company is keeping up its newfound momentum.
TESLA Shareholder Letter:
https://www.sec.gov/Archives/edgar/data/1318605/000110465924068792/tm2413800d20_defa14a.htm
June 5, 2024
Dear Fellow Owners of Tesla,
Over the past several weeks, we have seen a lot of speculation and discussion about the important matters we are bringing to you at next week’s Annual Stockholders’ Meeting. And I know that some of the information that has made its way into the public discourse about our company has been speculative, lacks context or is just plain wrong. At Tesla, we are accustomed to the naysayers.
We are entering the final days before the polls close on one of the most important votes in the history of our extraordinary company. As Board Chair, I want you to hear directly from me on why it is so important that you ratify Elon’s 2018 Performance Award and vote to move Tesla’s corporate domicile to Texas.
These votes are about fairness, respect and the future of Tesla.
Fairness and respect require that we honor the collective commitment we made to Elon — a commitment that was, and fundamentally still is, about retaining Elon’s attention and motivating him to focus on achieving astonishing growth for our company. Elon’s unique contributions have built Tesla from a company that was, in 2018, a loss-making, ambitious company with significant hurdles and challenges to overcome into what it is today — a company that is literally changing the world by driving so many critical initiatives that are making our planet more sustainable while at the same time delivering hundreds of billions of dollars of value to all of you who invested in Tesla’s dream. These contributions should be respected.
When we made our commitment to Elon in 2018 — a commitment that was overwhelmingly approved by approximately 73% of disinterested stockholders — it had one simple purpose: to keep Elon focused on Tesla and motivated to achieve the Company’s incomparable ambitions. It’s why we designed the Award to consist of a series of tranches that would vest upon the achievement of market capitalization and operational milestones. For Elon to realize any benefit of the award, he had to hit milestones that directly and substantially benefited the Company and our stockholders. And it did exactly what it was designed to do. In 2024, we now have the benefit of our bargain, with six years’ worth of Elon’s hard work, which has driven exceptional growth in the Company’s size and profitability and created over $735 billion in value1 for stockholders. Upholding our end of the bargain, then, by ratifying the decision we all made in 2018, is more important than ever. If Tesla is to retain Elon’s attention and motivate him to continue to devote his time, energy, ambition and vision to deliver comparable results in the future, we must stand by our deal.
This is obviously not about the money. We all know Elon is one of the wealthiest people on the planet, and he would remain so even if Tesla were to renege on the commitment we made in 2018. Elon is not a typical executive, and Tesla is not a typical company. So, the typical way in which companies compensate key executives is not going to drive results for Tesla. Motivating someone like Elon requires something different. This is one of the key reasons the Award also requires Elon to hold any shares he receives upon exercise of stock options for five years after he exercises the options — which can only serve to incentivize him to continue delivering value to Tesla and our stockholders.
What we recognized in 2018 and continue to recognize today is that one thing Elon most certainly does not have is unlimited time. Nor does he face any shortage of ideas and other places he can make an incredible difference in the world. We want those ideas, that energy and that time to be at Tesla, for the benefit of you, our owners. But that requires reciprocal respect.
We all made a commitment to Elon. Elon honored his commitment and produced tremendous value for our stockholders. Honoring our commitment to Elon demonstrates that we support his vision for Tesla and recognize his extraordinary accomplishments — this is what will motivate him to continue to create value for stockholders.
Fairness and respect and concern for the future of Tesla also underlie our decision to ask you to approve moving our company’s legal home to Texas, marrying our legal home to our operational home. Texas provides stockholders with substantially equivalent governance rights as Delaware, and is expected to provide more certainty for the innovative, big-ticket decisions that Tesla is known for. Being incorporated in Texas provides the best platform for Tesla to grow and innovate because we believe that Texas legislators and courts are in the best position to fairly develop and make decisions about corporate law that applies to Tesla, especially when our next big bet pays off beyond anyone’s wildest expectations.
Thank you for continued support of Tesla.
Sincerely,
Robyn Denholm
Chairperson of the Board of Directors
Tesla Shareholder Says Musk 'Earned' Lucrative Pay Package as Automaker's CEO
11:13:06 AM ET, 06/05/2024 - MT Newswires
11:13 AM EDT, 06/05/2024 (MT Newswires) -- Tesla (TSLA) Chief Executive Elon Musk has secured the backing of a long-time investor in the electric vehicle company, with the head of Baron Capital urging other Tesla shareholders this week to support Musk's lucrative compensation package, contending, "He earned his pay."
The Tesla board of directors in 2018 approved a compensation package for Musk now valued at around $56 billion. A lawsuit filed in Delaware chancellery court later succeeded in throwing out the all-stock award as excessive, but Tesla shareholders are now slated to vote on a renewed version of the pay package at the company's annual meeting on June 13.
In an open letter to other Tesla shareholders dated June 4, Ron Baron, the CEO of Baron Capital, argued Musk is uniquely qualified for the stock award after guiding the company through a 10-fold increase in its market value over the past six years, rising to more than $550 billion from around $53.5 billion in 2018.
Baron also questioned whether the shareholder lawsuit opposing Musk's pay had the company's best interests in mind, noting the plaintiff owned only nine Tesla shares while lawyers in the case are seeking $5.6 billion in fees. "The voice of shareholders and legally binding contracts should not be permitted to be undone by a shareholder for hire and his strike suit lawyers," Baron wrote.
LRCX 10:1 Split 10-2-24
The stock split is expected to be effective after market close on Wednesday, October 2, 2024, for stockholders of record at that time. Lam Research's common stock will begin trading on a post-split basis at the market open on Thursday, October 3, 2024, under the company's existing trading symbol "LRCX."
https://investor.lamresearch.com/2024-05-21-Lam-Research-Corporation-Announces-10-Billion-Share-Repurchase-Authorization-and-a-10-for-1-Stock-Split
CTAS 4:1 split 9-11-24
Cintas Corporation (Nasdaq: CTAS), a leading provider of business-to-business services, today announced that its Board of Directors approved a four-for-one split of its common stock. Shareholders of record, as of September 4, 2024, will receive three additional shares for each share held, which will be distributed after market close on September 11, 2024. Cintas’ shares are expected to begin trading on a post-split basis at the market open on Thursday, September 12, 2024. Prior to this announcement, Cintas’ most recent stock split was in 2000.
https://www.streetinsider.com/Corporate+News/Cintas+Corp.+%28CTAS%29+Announces+1%3A4+Share+Split/23165246.html
USLM 5:1 split 7-12-24
DALLAS, May 06, 2024 (GLOBE NEWSWIRE) -- United States Lime & Minerals, Inc. (NASDAQ: USLM) (the “Company”) today announced that it will conduct a split of its outstanding shares of common stock at a ratio of 5:1, effected in the form of a stock dividend of four additional shares of common stock for each share outstanding. The Company’s Board of Directors determined that, with the significant growth of the trading price for the Company’s common stock over the past several years, the stock split is appropriate to make the Company’s common stock more affordable on a per-share basis to certain investors and employees and to narrow the bid and ask prices of the common stock.
The dividend of shares to be issued in the stock split will be payable after the market close on Friday, July 12, 2024 to shareholders of record at the close of business on June 21, 2024. Shareholders will receive a dividend of four additional shares of common stock for each share held. The Company’s common stock will begin trading on a post-split basis at the market open on Monday, July 15, 2024, under the Company’s existing trading symbol “USLM.”
https://finance.yahoo.com/news/united-states-lime-minerals-announces-200500028.html
LRCX
6-4-24
917.39
Lam Research (Nasd: LRCX)
SEC, nasdaq, ShortSqueeze
Finviz, StockTA, Stoxline,
Dividend History
Chipotle stands out in the restaurant industry for many reasons. In an era of widespread franchising, Chipotle insists on owning its stores to control product quality and employee relations. Its career-oriented management style reminds me of Costco's (NASDAQ: COST), complete with generous worker benefits and solid pay scales.
The incoming stock split suggests that Chipotle's leadership expect share prices to keep rising for the foreseeable future. The company's focus on product quality and humane employee relations is setting new standards for the restaurant sector.
I personally can't eat at Chipotle -- cilantro tastes like soap -- but it's an undeniably great company, and the stock split makes it more accessible.
Stock-Split Watch: 2 Household-Name Stocks That Look Ready to Split
Anders Bylund, The Motley Fool
Tue, Jun 4, 2024, 12:11 PM MDT4 min read
https://finance.yahoo.com/m/4888726c-84a2-3444-b6c9-2651477745d3/stock-split-watch%3A-2.html
Stock splits are often misunderstood. They don't change the fundamental value of a company; instead, they increase the number of shares available, making them more accessible to a broader range of investors.
It's similar to peeling and segmenting an orange. The orange remains the same, but the smaller pieces are more convenient to consume.
This technical adjustment -- a pure exercise in accounting gymnastics, really -- can generate excitement in the market, as it often signals a company's strong performance and growth potential. For those seeking to take advantage of the buzz around stock splits, here are two outstanding investments on the verge of stock splits right now.
Key details about Chipotle's upcoming stock split
Let's start with the most obvious stock splitter. Chipotle Mexican Grill (NYSE: CMG) proposed a 50-for-1 stock split on March 19, and shareholders will vote on the proposal in Thursday's annual meeting. The measure is likely to pass with an overwhelming majority.
First, I can't recall a single example of ordinary stock splits getting a thumbs-down in the arena of shareholder approvals. Second, this would be the first stock split in Chipotle's history, and the share price is getting quite rich. Currently trading at $3,090 per share, there are only four beefier share prices on the American market today.
Again, the split won't add any value to Chipotle's market cap, but it will make the stock easier to manage -- especially for retail investors with modest stock-buying budgets. Some of us would have to save up for many months before grabbing a single Chipotle share today, and some of the most popular stock brokerages haven't embraced fractional trades yet. But after the suggested 50-for-1 split, the share price should drop to roughly $62 on the morning of June 26.
Chipotle stands out in the restaurant industry for many reasons. In an era of widespread franchising, Chipotle insists on owning its stores to control product quality and employee relations. Its career-oriented management style reminds me of Costco's (NASDAQ: COST), complete with generous worker benefits and solid pay scales.
The incoming stock split suggests that Chipotle's leadership expect share prices to keep rising for the foreseeable future. The company's focus on product quality and humane employee relations is setting new standards for the restaurant sector.
I personally can't eat at Chipotle -- cilantro tastes like soap (LOLOL!) -- but it's an undeniably great company, and the stock split makes it more accessible.
Why Costco should consider a stock split soon
Speaking of Costco, the wholesale retailer should consider a stock split nowadays.
Costco isn't a complete stranger to stock-splitting operations -- it has just been a while. Its last stock split was a 2-for-1 affair on Jan. 13, 2000. Costco's stock has seen a total return of 2,450% since then, leaving the S&P 500 (SNPINDEX: ^GSPC) index far behind with a mere 477% gain:
Like Chipotle, Costco is known for its employee-friendly environment. Its Kirkland selection of store-brand products is often indistinguishable from leading name-brand options. In fact, they're often made in the same factories, by the same market-leading producers, but packaged with a Kirkland label and sold at a lower price.
And Costco runs its retail operations near the break-even line. The company is quite profitable anyway, thanks to its membership shopping system. Annual fees accounted for 1.9% of Costco's total revenue in last month's third-quarter report, but they also generated more than half of the company's operating profits.
Now, Costco hasn't announced a stock split or arranged for a shareholder vote on the idea yet. But with share prices crossing the $800 mark last week, those stubs are getting a bit unwieldy. It would behoove Costco's board of directors to make the stock more easily reachable for individual investors -- including their own workers.
SQ cpps @ 64.40
CP: 500 250 150 250 / 500 200 250 250 250
RB 500 250 350 250 / 500 300 250 250 250
TP: 1000 500 500 500 / 1000 500 500 500 500
SQ cpps 64.73 (update 6/4)
Open Gaps
Direction Date range
up Feb-23-2024 68.44 to 78.47 Earnings Gap Filled 48 days
up Feb-22-2024 65 to 65.65 (takes 200 day tag) ✔️ Filled 68 days and tagged
up Nov-15-2023 55.33 to 55.45
up Nov-14-2023 52.21 to 53.82
up Nov-03-2023 44.1 to 48.4
up Nov-02-2023 41.1 to 42.78
Roaring Kitty's GameStop options up millions, but cashing in may be tricky
https://www.msn.com/en-gb/money/other/roaring-kittys-gamestop-options-up-millions-but-cashing-in-may-be-tricky/ar-BB1nBcbe?ocid=BingNewsSerp
© Thomson Reuters
By Saqib Iqbal Ahmed
NEW YORK (Reuters) - "Roaring Kitty" Keith Gill, the stock influencer behind the 2021 meme stock frenzy, may be sitting on a paper profit of tens of millions of dollars on his position in GameStop options, but reaping those gains might not be easy.
GameStop soared 21% on Monday after Gill’s Reddit account posted a screenshot showing a $116 million bet on the embattled video game retailer. The post, the first from the account in three years, also showed a position of 120,000 GameStop June 21 call options at a strike price of $20, worth $65.7 million at Monday's close. Call options convey the right to buy shares at a fixed price in the future.
Reuters was unable to independently verify if the Reddit post was made by Keith Gill or if the positions disclosed were authentic.
However, Trade Alert data showed the number of open contracts in GameStop soared to 145,000 by the end of May, from just about 15,000 on May 19. Figuring an average trading price of $5.52 during that period, a buyer of 120,000 options contracts would have been up about $54 million on Monday, based on the contracts' closing price of $10 a piece.
Exiting an options trade could mean selling the options themselves or taking delivery of the underlying shares. Both choices could be problematic, given the size of the position and the spotlight on GameStop, options mavens said.
It would be difficult to sell even a partial chunk of the options position without drawing attention, potentially knocking down the price of the options as well as the underlying stock, market participants said.
"It's much easier to sell 10 to 12 million shares than if you sold 120,000 call options," said Steve Sosnick, chief strategist at Interactive Brokers and a former options market maker.
It might also damage Gill’s reputation for having “diamond hands” - meme stock parlance for someone with high risk tolerance and an unwillingness to cave under pressure by selling their holdings.
"Unless he is super committed to being a long term investor and taking delivery of (the shares), it's going to be challenging to monetize this without moving the market just because everybody's hyper aware of this now," said Garrett DeSimone, head of quantitative research at OptionMetrics.
The other variant - taking delivery of 12 million shares that the disclosed options contracts command, may require hundreds of millions in capital, analysts said.
One way for Gill to get around this and still make money, options traders said, would be to short 12 million shares of GameStop before the options expire. An investor going short borrows shares and sells them in the hopes of being able to buy back the stock at a lower price in the future.
If GameStop’s share price is above the options’ $20 strike price at expiration, Gill could, in theory, exercise his options - buying the stock at $20 a piece and use the shares to close out his short position.
Using Monday’s closing prices, Gill would be selling the shares at $28 and exercising his options to buy them back at $20, netting himself about $8 per share, or $96 million.
"That would make it seem like he's still 'a diamond hands' and he's still going to make money," said Chris Murphy, co-head of derivative strategy at Susquehanna Financial Group.
Citron Research's Left shorts GameStop more than 3 years after getting squeezed
https://finance.yahoo.com/news/citron-researchs-left-shorts-gamestop-153112254.html
Tue, Jun 4, 2024, 9:31 AM MDT2 min read
(Reuters) - Andrew Left, the founder of Citron Research, is again betting against retail investors' favorite GameStop, which is back in the limelight after super-bull "Roaring Kitty" Keith Gill resurfaced online following a three-year hiatus.
Citron was forced to close its short position in GameStop at a loss in 2021, after retail traders ganged up against heavily shorted stocks on online forums to drive rallies, which cost bearish investors billions of dollars.
"It's fun to go back into the fire. The market dynamics have changed and I'm not as exposed as I was," Left told Reuters on his current position in GameStop.
"The first time, three-and-a-half-years ago, (GameStop) was a cultural phenomenon, and that's played out by now. The company has deteriorating financials and is a good short."
Left did not disclose the size of his GameStop position but said it was "significantly lower" from last time. Bloomberg News on Monday reported Left's latest short position on the videogame retailer.
GameStop did not immediately respond to Reuters' request for a comment.
After getting squeezed by the GameStop surge in 2021, Left — who spent two decades building his brand as one of the world's best-known short sellers — had said he would turn his back on publicly detailing companies' shortcomings.
Since then, Citron has published reports that are critical of companies and those that outline why the stock is worth buying.
"I've still been shorting stocks, I just haven't been as vocal," Left said.
"Short selling is a dying business. Before you could find a piece of information on the internet that maybe nobody else had, but now retail investors have become good gumshoes."
Short sellers borrow stock and sell it in the market hoping that they can buy them back at a lower price and pocket the difference.
GameStop shares dropped 5.9% on Tuesday, a day after a surge as Gill, a key figure in the 2021 meme stocks frenzy, revealed a bet on the company in a Reddit post.
Transocean Ltd. Announces $161 Million in Contract Extensions and Exercised Options for Harsh Environment Semisubmersibles
June 04, 2024 06:38 ET
STEINHAUSEN, Switzerland, June 04, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced contract fixtures for three of its harsh environment semisubmersibles. Together, the fixtures represent approximately $161 million in firm contract backlog.
In Norway, Transocean Spitsbergen was awarded a three-well contract extension with Equinor. The program is expected to commence in the fourth quarter of 2025 in direct continuation of the rig’s current program and contribute approximately $72 million in backlog, excluding additional services. The extension also includes options for up to six additional wells.
Transocean Norge was awarded a three-well contract extension with Wintershall Dea. The estimated 140-day program is expected to commence in the first quarter of 2028 in direct continuation of the rig’s current program and contribute approximately $71 million in backlog, excluding additional services.
In Australia, Woodside exercised its second option for the Transocean Endurance. The estimated 45-day well is expected to commence in direct continuation of the rig’s current program and contribute approximately $18 million in backlog.
“These fixtures are emblematic of the continued strength of the high-specification harsh environment market,” said Jeremy Thigpen, Transocean’s Chief Executive Officer. “Our customers are contracting rigs up to four years in advance, reinforcing our confidence in the strength and longevity of this upcycle.”
Technical issues briefly halt trading for some NYSE stocks in the latest glitch to hit Wall Street
12:30:00 PM ET, 06/03/2024 - Associated Press
NEW YORK (AP) — A technical issue caused the temporary halt for some stocks listed on the New York Stock Exchange Monday, including at least one whose price briefly fell nearly 100%.
Berkshire Hathaway, the company run by famed investor Warren Buffett, saw its A-class shares plunge 99.97% to $185.10 from Friday's closing price of $627,400, before its trading was halted. After the shares later resumed trading, they immediately recovered all those losses and shot toward $700,000.
Throughout the halt, Berkshire Hathaway's lower-priced B-class shares, which typically trade in concert with the A-class shares, seemed to trade more normally.
The New York Stock Exchange said in a trading update on Monday that trading was halted “in a number of stocks” following a technical issue related to the publication of some pricing data. “Impacted stocks have since reopened (or are in the process of reopening) and the price bands issue has been resolved,” it said shortly after 11 a.m. Eastern time.
The exchange did not give a full list of stocks affected, but trading of Berkshire Hathaway's A-class shares was halted at 9:50 a.m. Eastern time, just before the NYSE first said it was investigating a technical issue.
It's not the first glitch to hit Wall Street recently. Last week, S&P Dow Jones Indices said an issue prevented the publication of real-time pricing for its widely followed S&P 500 index for more than an hour during Thursday's late-morning trading.
The industry has just moved to a new system where the settlement of stock trades happen much faster than they used to. Now, most stock trades need to settle in one business day after a deal is made, instead of the prior requirement of two days.
The change was suggested by of the Securities and Exchange Commission suggested after the “meme-stock” craze of early 2021 put an incredible strain on the market's plumbing, which eventually led some brokerages to restrict buying of GameStop and other stocks. That caused much anger among their customers.
Earnings 6-3-24
DOCU 6-6 A
GME 6-11 A
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PagerDuty (PD) reported a loss of $0.11 per share on revenue of $111.17 million for the fiscal first quarter ended April 2024. The consensus estimate was a loss of $0.11 per share on revenue of $111.74 million. The Earnings Whisper number was $0.13 per share. The company missed expectations by 184.62% while revenue grew 7.68% on a year-over-year basis.The company said it expects second quarter non-GAAP earnings of $0.16 to $0.17 per share on revenue of $115.50 million to $117.50 million. The current consensus earnings estimate is $0.15 per share on revenue of $117.25 million for the quarter ending July 31, 2024. The company said it expects fiscal 2025 non-GAAP earnings of $0.66 to $0.71 per share on revenue of $471.0 billion to $477.0 billion. The company’s previous guidance was earnings of $0.65 to $0.70 per share on revenue of $470.0 million to $478.0 million and the current consensus earnings estimate is $0.67 per share on revenue of $474.99 million for the year ending January 31, 2025.
ULTA Beauty (ULTA) reported earnings of $6.47 per share on revenue of $2.73 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $6.19 per share on revenue of $2.72 billion. The Earnings Whisper number was $6.30 per share. The company beat expectations by 2.70% while revenue grew 3.48% on a year-over-year basis.The company said it expects fiscal 2025 earnings of $25.20 to $26.00 per share on revenue of $11.50 billion to $11.60 billion. The company’s previous guidance was earnings of $26.20 to $27.00 per share on revenue of $11.70 billion to $11.80 billion and the current consensus earnings estimate is $26.22 per share on revenue of $11.72 billion for the year ending January 31, 2025.
C3.ai, Inc. (AI) reported a loss of $0.11 per share on revenue of $86.59 million for the fiscal fourth quarter ended April 2024. The consensus estimate was a loss of $0.30 per share on revenue of $82.72 million. The Earnings Whisper number was a loss of $0.24 per share. The company beat expectations by 54.17% while revenue grew 19.58% on a year-over-year basis.The company said it expects first quarter revenue of $84.0 million to $89.0 million and fiscal 2025 revenue of $370.0 million to $395.0 million. The current consensus revenue estimate is $84.43 million for the quarter ending July 31, 2024 and revenue of $369.14 million for the year ending April 30, 2025.
UiPath (PATH) reported earnings of $0.12 per share on revenue of $335.11 million for the fiscal first quarter ended April 2024. The consensus earnings estimate was $0.12 per share on revenue of $332.84 million. The Earnings Whisper number was $0.15 per share. The company missed expectations by 20.00% while revenue grew 15.72% on a year-over-year basis.The company said it expects second quarter revenue of $300.0 million to $305.0 million and fiscal 2025 revenue of $1.405 billion to $1.410 billion. The company's previous guidance was fiscal year revenue of $1.555 billion to $1.560 billion. The current consensus revenue estimate is $342.13 million for the quarter ending July 31, 2024 and revenue of $1.52 billion for the year ending January 31, 2025.
Best Buy Co. (BBY) reported earnings of $1.20 per share on revenue of $8.85 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $1.07 per share on revenue of $8.97 billion. The Earnings Whisper number was $1.20 per share. The company reported in-line with expectations while revenue fell 6.55% compared to the same quarter a year ago.The company said it continues to expect fiscal year earnings of $5.75 to $6.20 per share on revenue of $41.30 billion to $42.60 billion. The current consensus earnings estimate is $6.02 per share on revenue of $42.04 billion for the year ending January 31, 2025.
NVIDIA (NVDA) reported earnings of $6.21 per share on revenue of $26.04 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $5.55 per share on revenue of $24.17 billion. The Earnings Whisper number was $5.80 per share. The company beat expectations by 7.07% while revenue grew 262.12% on a year-over-year basis.The company said it expects second quarter non-GAAP earnings of $5.96 to $6.48 per share on revenue of $27.44 billion to $28.56 billion. The current consensus earnings estimate is $5.95 per share on revenue of $26.66 billion for the quarter ending July 31, 2024.
Zoom Video Communications (ZM) reported earnings of $1.35 per share on revenue of $1.14 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $1.19 per share on revenue of $1.13 billion. The Earnings Whisper number was $1.25 per share. The company beat expectations by 8.00% while revenue grew 3.25% on a year-over-year basis.The company said it expects second-quarter non-GAAP earnings of $1.20 to $1.21 per share on revenue of $1.145 billion to $1.150 billion. The current consensus earnings estimate is $1.22 per share on revenue of $1.15 billion for the quarter ending July 31, 2024. The company also said it expects fiscal 2025 non-GAAP earnings of $4.99 to $5.02 per share on revenue of $4.610 billion to $4.620 billion. The company's previous guidance was earnings of $4.85 to $4.88 per share on revenue of approximately $4.60 billion and the current consensus earnings estimate is $4.91 per share on revenue of $4.60 billion for the year ending January 31, 2025.
Home Depot (HD) reported earnings of $3.63 per share on revenue of $36.42 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $3.61 per share on revenue of $36.69 billion. The Earnings Whisper number was $3.65 per share. The company missed expectations by 0.55% while revenue fell 2.25% compared to the same quarter a year ago.The company said it continues to expect fiscal 2025 earnings of approximately $15.26 per share on revenue of approximately $154.20 billion. The current consensus earnings estimate is $15.36 per share on revenue of $154.56 billion for the year ending January 31, 2025
Cisco Systems (CSCO) reported earnings of $0.88 per share on revenue of $12.70 billion for the fiscal third quarter ended April 2024. The consensus earnings estimate was $0.83 per share on revenue of $12.47 billion. The Earnings Whisper number was $0.86 per share. The company beat expectations by 2.33% while revenue fell 12.83% compared to the same quarter a year ago.
The company said it expects fourth quarter non-GAAP earnings of $0.84 to $0.86 per share on revenue of $13.40 billion to $13.60 billion. The current consensus earnings estimate is $0.79 per share on revenue of $13.20 billion for the quarter ending July 31, 2024.
Walmart (WMT) reported earnings of $0.60 per share on revenue of $161.51 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $0.52 per share on revenue of $158.89 billion. The Earnings Whisper number was $0.55 per share. The company beat expectations by 9.09% while revenue grew 6.05% on a year-over-year basis.The company said it expects second-quarter earnings of $0.62 to $0.65 per share on revenue of $167.29 billion to $168.58 billion. The current consensus earnings estimate is $0.64 per share on revenue of $167.21 billion for the quarter ending July 31, 2024. The company also said it expects fiscal 2025 results to be at the high end or slightly above its previous guidance range for earnings of $2.23 to $2.37 per share and revenue of $667.57 billion to $674.05 billion. The current consensus earnings estimate is $2.36 per share on revenue of $671.50 billion for the year ending January 31, 2025.
Plug Power (PLUG) reported a loss of $0.43 per share on revenue of $120.26 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.32 per share on revenue of $172.89 million. The company missed consensus estimates by 34.38% while revenue fell 42.81% compared to the same quarter a year ago.
Roblox (RBLX) reported a loss of $0.43 per share on revenue of $801.30 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.53 per share on revenue of $931.05 million. The Earnings Whisper number was a loss of $0.49 per share. The company beat expectations by 12.24% while revenue grew 22.27% on a year-over-year basis.The company said it expects second quarter bookings of $870.0 million to $900.0 million and 2024 bookings of $4.00 billion to $4.10 billion. The company's previous guidance was 2024 bookings of $4.14 billion to $4.28 billion. The current consensus revenue estimate is $943.93 million for the quarter ending June 30, 2024 and revenue of $4.23 billion for the year ending December 31, 2024.
Shopify (SHOP) reported earnings of $0.20 per share on revenue of $1.86 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.17 per share on revenue of $1.84 billion. The Earnings Whisper number was $0.21 per share. The company missed expectations by 4.76% while revenue grew 23.41% on a year-over-year basis.The company said it expects second quarter revenue of approximately $1.99 billion. The current consensus revenue estimate is $2.01 billion for the quarter ending June 30, 2024.
Perion Network (PERI) reported earnings of $0.35 per share on revenue of $157.82 million for the first quarter ended March 2024. The consensus earnings estimate was $0.36 per share on revenue of $156.96 million. The company missed consensus estimates by 2.78% while revenue grew 8.73% on a year-over-year basis.The company said it expects second quarter revenue of $118.0 million to $122.0 million and continues to expect 2024 revenue of $590.0 million to $610.0 million. The current consensus revenue estimate is $118.77 million for the quarter ending June 30, 2024 and revenue of $599.46 million for the year ending December 31, 2024.
Upstart (UPST) reported a loss of $0.31 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $0.39 per share on revenue of $124.82 million. The Earnings Whisper number was a loss of $0.41 per share. The company beat expectations by 24.39%.
BP (BP) reported Q1 underlying earnings Tuesday of $0.97 per American depositary share, down from $1.66 a year earlier.
Rivian Automotive (RIVN) reported a loss of $1.45 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $1.14 per share on revenue of $1.12 billion. The Earnings Whisper number was a loss of $1.10 per share. The company missed expectations by 31.82%.
iRobot (IRBT) reported a loss of $1.53 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $2.39 per share on revenue of $139.45 million. The company beat consensus estimates by 35.98%.
RingCentral (RNG) reported earnings of $0.85 per share on revenue of $584.21 million for the first quarter ended March 2024. The consensus earnings estimate was $0.80 per share on revenue of $577.93 million. The Earnings Whisper number was $0.83 per share. The company beat expectations by 2.41% while revenue grew 9.47% on a year-over-year basis.
Toast (TOST) reported a loss of $0.15 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $0.15 per share on revenue of $1.03 billion. The Earnings Whisper number was a loss of $0.13 per share. The company missed expectations by 15.38%.
Twilio (TWLO) reported earnings of $0.80 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.59 per share on revenue of $1.03 billion. The Earnings Whisper number was $0.64 per share. The company beat expectations by 25.00%.
Reddit (RDDT) reported a loss of $8.19 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $8.55 per share on revenue of $212.43 million. The company beat consensus estimates by 4.21%.
Walt Disney (DIS) reported earnings of $1.21 per share on revenue of $22.08 billion for the fiscal second quarter ended March 2024. The consensus earnings estimate was $1.12 per share on revenue of $22.11 billion. The Earnings Whisper number was $1.20 per share. The company beat expectations by 0.83% while revenue grew 1.23% on a year-over-year basis.
The company said it expects fiscal 2024 earnings of approximately $4.70 per share. The company's previous guidance was earnings of approximately $4.60 per share and the current consensus earnings estimate is $4.70 per share for the year ending September 30, 2024.
Palantir Technologies (PLTR) reported earnings of $0.08 per share on revenue of $634.34 million for the first quarter ended March 2024. The consensus earnings estimate was $0.08 per share on revenue of $614.88 million. The Earnings Whisper number was $0.09 per share. The company missed expectations by 11.11% while revenue grew 20.78% on a year-over-year basis. The company said it expects second quarter revenue of $649.0 million to $653.0 million and 2024 revenue of $2.677 billion to $2.689 billion. The company's previous guidance was 2024 revenue of $2.652 billion to $2.668 billion and the The current consensus revenue estimate is $642.88 million for the quarter ending June 30, 2024 and revenue of $2.68 billion for the year ending December 31, 2024.
Apple (AAPL) reported earnings of $1.53 per share on revenue of $90.75 billion for the fiscal second quarter ended March 2024. The consensus earnings estimate was $1.51 per share on revenue of $89.79 billion. The Earnings Whisper number was $1.50 per share. The company beat expectations by 2.00% while revenue fell 4.31% compared to the same quarter a year ago.The company said during its conference call it expects third-quarter earnings of $1.28 to $1.34 per share on revenue of approximately $83.84 billion. The current consensus earnings estimate is $1.31 per share on revenue of $82.65 billion for the quarter ending June 30, 2024.
Block (SQ) reported earnings of $0.74 per share on revenue of $5.96 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.72 per share on revenue of $5.73 billion. The Earnings Whisper number was $0.76 per share. The company missed expectations by 2.63% while revenue grew 19.38% on a year-over-year basis.
Rocket Companies (RKT) reported earnings of $0.07 per share on revenue of $1.38 billion for the first quarter ended March 2024. The consensus estimate was a loss of $0.01 per share on revenue of $1.01 billion. The company beat consensus estimates by 800.00% while revenue grew 107.74% on a year-over-year basis.The company said it expects second quarter revenue of $1.075 billion to $1.225 billion. The current consensus revenue estimate is $1.25 billion for the quarter ending June 30, 2024.
QUALCOMM (QCOM) reported earnings of $2.44 per share on revenue of $9.39 billion for the fiscal second quarter ended March 2024. The consensus earnings estimate was $2.31 per share on revenue of $9.32 billion. The Earnings Whisper number was $2.49 per share. The company missed expectations by 2.01% while revenue grew 1.23% on a year-over-year basis.The company said it expects third quarter non-GAAP earnings of $2.15 to $2.35 per share on revenue of $8.80 billion to $9.60 billion. The current consensus earnings estimate is $2.17 per share on revenue of $9.05 billion for the quarter ending June 30, 2024.
Amazon.com (AMZN) reported earnings of $0.98 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.81 per share on revenue of $142.55 billion. The Earnings Whisper number was $0.90 per share. The company beat expectations by 8.89%.The company said it expects second quarter revenue of $144.0 billion to $149.0 billion. The current consensus revenue estimate is $150.22 billion for the quarter ending June 30, 2024.
Starbucks (SBUX) reported earnings of $0.68 per share on for the fiscal second quarter ended March 2024. The consensus earnings estimate was $0.79 per share on revenue of $9.17 billion. The Earnings Whisper number was $0.80 per share. The company missed expectations by 15.00%.
Supermicro (SMCI) reported earnings of $6.65 per share on for the fiscal third quarter ended March 2024. The consensus earnings estimate was $5.79 per share on revenue of $4.01 billion. The Earnings Whisper number was $6.00 per share. The company beat expectations by 10.83%.The company said it expects fourth quarter earnings of $7.62 to $8.42 per share on revenue of $5.10 billion to $5.50 billion. The current consensus earnings estimate is $6.99 per share on revenue of $4.91 billion for the quarter ending June 30, 2024.
3M (MMM) reported earnings of $2.39 per share on revenue of $8.00 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.08 per share on revenue of $7.64 billion. The Earnings Whisper number was $2.14 per share. The company beat expectations by 11.68% while revenue fell 0.35% compared to the same quarter a year ago.The company said it expects 2024 earnings of $6.80 to $7.30 per share, with the spin-off of Solventum. The current consensus earnings estimate is $8.19 per share for the year ending December 31, 2024.
PayPal (PYPL) reported earnings of $1.40 per share on revenue of $7.70 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.24 per share on revenue of $7.50 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 11.11% while revenue grew 9.36% on a year-over-year basis.The company said it expects second quarter earnings of approximately $0.98 per share and 2024 earnings of $3.98 to $4.17 per share, using its new Non-GAAP metholdolgy. The current consensus estimate is earnings of $0.93 per share for the quarter ending June 30, 2024 and earnings of $4.02 per share for the year ending December 31, 2024.
Coca-Cola (KO) reported earnings of $0.72 per share on revenue of $11.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.69 per share on revenue of $10.95 billion. The Earnings Whisper number was $0.71 per share. The company beat expectations by 1.41% while revenue grew 2.91% on a year-over-year basis.The company said it continues to expect 2024 earnings of $2.80 to $2.82 per share. The current consensus earnings estimate is $2.81 per share for the year ending December 31, 2024.
McDonalds (MCD) reported earnings of $2.70 per share on revenue of $6.17 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.71 per share on revenue of $6.17 billion. The Earnings Whisper number was $2.80 per share. The company missed expectations by 3.57% while revenue grew 4.60% on a year-over-year basis.
Transocean (RIG) reported a loss of $0.03 per share on revenue of $763.00 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.13 per share on revenue of $779.56 million. The Earnings Whisper number was a loss of $0.09 per share. The company beat expectations by 66.67% while revenue grew 17.57% on a year-over-year basis.
Rambus (RMBS) reported earnings of $0.30 per share on revenue of $117.87 million for the first quarter ended March 2024. The consensus earnings estimate was $0.44 per share on revenue of $132.00 million. The Earnings Whisper number was $0.47 per share. The company missed expectations by 36.17% while revenue grew 3.61% on a year-over-year basis.The company said it expects second quarter revenue of $130.0 million to $148.0 million. The current consensus revenue estimate is $138.70 million for the quarter ending June 30, 2024.
Roper Technologies (ROP) reported earnings of $4.41 per share on revenue of $1.68 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.34 per share on revenue of $1.65 billion. The company beat consensus estimates by 1.61% while revenue grew 14.36% on a year-over-year basis.The company said it expects second quarter earnings of $4.42 to $4.46 per share and now expects 2024 earnings of $18.05 to $18.25 per share. The company's previous guidance was 2024 earnings of $17.85 to $18.15 per share. The current consensus estimate is earnings of $4.46 per share for the quarter ending June 30, 2024 and earnings of $18.08 per share for the year ending December 31, 2024.
Chevron (CVX) reported earnings of $2.93 per share on revenue of $48.72 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.84 per share on revenue of $51.17 billion. The Earnings Whisper number was $3.06 per share. The company missed expectations by 4.25% while revenue fell 4.09% compared to the same quarter a year ago.
Snap (SNAP) reported earnings of $0.03 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $0.04 per share on revenue of $1.12 billion. The Earnings Whisper number was a loss of $0.01 per share. The company beat expectations by 400.00%.The company said it expects second quarter revenue of $1.225 billion to $1.255 billion. The current consensus revenue estimate is $1.21 billion for the quarter ending June 30, 2024.
Microsoft (MSFT) reported earnings of $2.94 per share on revenue of $61.86 billion for the fiscal third quarter ended March 2024. The consensus earnings estimate was $2.81 per share on revenue of $60.77 billion. The Earnings Whisper number was $2.91 per share. The company beat expectations by 1.03% while revenue grew 17.03% on a year-over-year basis.
Alphabet (GOOGL) reported earnings of $1.89 per share on revenue of $80.54 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.49 per share on revenue of $78.61 billion. The Earnings Whisper number was $1.55 per share. The company beat expectations by 21.94% while revenue grew 15.41% on a year-over-year basis.
Intel (INTC) reported earnings of $0.18 per share on revenue of $12.72 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.11 per share on revenue of $12.77 billion. The Earnings Whisper number was $0.15 per share. The company beat expectations by 20.00% while revenue grew 8.61% on a year-over-year basis.The company said it expects second quarter non-GAAP earnings of approximately $0.10 per share on revenue of $12.50 billion to $13.50 billion. The current consensus earnings estimate is $0.25 per share on revenue of $13.60 billion for the quarter ending June 30, 2024.
Roku (ROKU) reported a loss of $0.35 per share on revenue of $881.47 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.64 per share on revenue of $850.97 million. The Earnings Whisper number was a loss of $0.56 per share. The company beat expectations by 37.50% while revenue grew 18.96% on a year-over-year basis.
Teradyne (TER) reported earnings of $0.51 per share on revenue of $599.82 million for the first quarter ended March 2024. The consensus earnings estimate was $0.33 per share on revenue of $566.46 million. The Earnings Whisper number was $0.37 per share. The company beat expectations by 37.84% while revenue fell 2.87% compared to the same quarter a year ago.The company said it expects second quarter earnings of $0.64 to $0.84 per share on revenue of $665.0 million to $725.0 million. The current consensus earnings estimate is $0.66 per share on revenue of $635.91 million for the quarter ending June 30, 2024.
Ford Motor (F) reported earnings of $0.49 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.42 per share on revenue of $40.64 billion. The Earnings Whisper number was $0.48 per share. The company beat expectations by 2.08%.
Meta Platforms (META) reported earnings of $4.71 per share on for the first quarter ended March 2024. The consensus earnings estimate was $4.32 per share on revenue of $36.15 billion. The Earnings Whisper number was $4.51 per share. The company beat expectations by 4.43%.
AT&T (T) reported earnings of $0.55 per share on revenue of $30.03 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.53 per share on revenue of $30.54 billion. The Earnings Whisper number was $0.53 per share. The company beat expectations by 3.77% while revenue fell 0.37% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.21 per share for the year ending December 31, 2024.
RTX (RTX) reported earnings of $1.34 per share on revenue of $19.31 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.23 per share on revenue of $18.41 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 6.35% while revenue grew 12.15% on a year-over-year basis.The company said it continues to expect 2024 earnings of $5.25 to $5.40 per share on revenue of $78.0 billion to $79.0 billion. The current consensus earnings estimate is $5.39 per share on revenue of $78.6 billion for the year ending December 31, 2024.
Tesla (TSLA) reported earnings of $0.45 per share on revenue of $21.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.49 per share on revenue of $22.71 billion. The Earnings Whisper number was $0.41 per share. The company beat expectations by 9.76% while revenue fell 8.69% compared to the same quarter a year ago.
Netflix (NFLX) reported earnings of $5.28 per share on revenue of $9.37 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.51 per share on revenue of $9.25 billion. The Earnings Whisper number was $4.61 per share. The company beat expectations by 14.53% while revenue grew 14.81% on a year-over-year basis.The company said it expects second quarter earnings of approximately $4.68 per share on revenue of approximately $9.49 billion. The current consensus earnings estimate is $4.53 per share on revenue of $9.53 billion for the quarter ending June 30, 2024.
Earnings 5-30-24
PD 5-30 A
ULTA 5-30 A
DOCU 6-6 A
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C3.ai, Inc. (AI) reported a loss of $0.11 per share on revenue of $86.59 million for the fiscal fourth quarter ended April 2024. The consensus estimate was a loss of $0.30 per share on revenue of $82.72 million. The Earnings Whisper number was a loss of $0.24 per share. The company beat expectations by 54.17% while revenue grew 19.58% on a year-over-year basis.The company said it expects first quarter revenue of $84.0 million to $89.0 million and fiscal 2025 revenue of $370.0 million to $395.0 million. The current consensus revenue estimate is $84.43 million for the quarter ending July 31, 2024 and revenue of $369.14 million for the year ending April 30, 2025.
UiPath (PATH) reported earnings of $0.12 per share on revenue of $335.11 million for the fiscal first quarter ended April 2024. The consensus earnings estimate was $0.12 per share on revenue of $332.84 million. The Earnings Whisper number was $0.15 per share. The company missed expectations by 20.00% while revenue grew 15.72% on a year-over-year basis.The company said it expects second quarter revenue of $300.0 million to $305.0 million and fiscal 2025 revenue of $1.405 billion to $1.410 billion. The company's previous guidance was fiscal year revenue of $1.555 billion to $1.560 billion. The current consensus revenue estimate is $342.13 million for the quarter ending July 31, 2024 and revenue of $1.52 billion for the year ending January 31, 2025.
Best Buy Co. (BBY) reported earnings of $1.20 per share on revenue of $8.85 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $1.07 per share on revenue of $8.97 billion. The Earnings Whisper number was $1.20 per share. The company reported in-line with expectations while revenue fell 6.55% compared to the same quarter a year ago.The company said it continues to expect fiscal year earnings of $5.75 to $6.20 per share on revenue of $41.30 billion to $42.60 billion. The current consensus earnings estimate is $6.02 per share on revenue of $42.04 billion for the year ending January 31, 2025.
NVIDIA (NVDA) reported earnings of $6.21 per share on revenue of $26.04 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $5.55 per share on revenue of $24.17 billion. The Earnings Whisper number was $5.80 per share. The company beat expectations by 7.07% while revenue grew 262.12% on a year-over-year basis.The company said it expects second quarter non-GAAP earnings of $5.96 to $6.48 per share on revenue of $27.44 billion to $28.56 billion. The current consensus earnings estimate is $5.95 per share on revenue of $26.66 billion for the quarter ending July 31, 2024.
Zoom Video Communications (ZM) reported earnings of $1.35 per share on revenue of $1.14 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $1.19 per share on revenue of $1.13 billion. The Earnings Whisper number was $1.25 per share. The company beat expectations by 8.00% while revenue grew 3.25% on a year-over-year basis.The company said it expects second-quarter non-GAAP earnings of $1.20 to $1.21 per share on revenue of $1.145 billion to $1.150 billion. The current consensus earnings estimate is $1.22 per share on revenue of $1.15 billion for the quarter ending July 31, 2024. The company also said it expects fiscal 2025 non-GAAP earnings of $4.99 to $5.02 per share on revenue of $4.610 billion to $4.620 billion. The company's previous guidance was earnings of $4.85 to $4.88 per share on revenue of approximately $4.60 billion and the current consensus earnings estimate is $4.91 per share on revenue of $4.60 billion for the year ending January 31, 2025.
Home Depot (HD) reported earnings of $3.63 per share on revenue of $36.42 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $3.61 per share on revenue of $36.69 billion. The Earnings Whisper number was $3.65 per share. The company missed expectations by 0.55% while revenue fell 2.25% compared to the same quarter a year ago.The company said it continues to expect fiscal 2025 earnings of approximately $15.26 per share on revenue of approximately $154.20 billion. The current consensus earnings estimate is $15.36 per share on revenue of $154.56 billion for the year ending January 31, 2025
Cisco Systems (CSCO) reported earnings of $0.88 per share on revenue of $12.70 billion for the fiscal third quarter ended April 2024. The consensus earnings estimate was $0.83 per share on revenue of $12.47 billion. The Earnings Whisper number was $0.86 per share. The company beat expectations by 2.33% while revenue fell 12.83% compared to the same quarter a year ago.
The company said it expects fourth quarter non-GAAP earnings of $0.84 to $0.86 per share on revenue of $13.40 billion to $13.60 billion. The current consensus earnings estimate is $0.79 per share on revenue of $13.20 billion for the quarter ending July 31, 2024.
Walmart (WMT) reported earnings of $0.60 per share on revenue of $161.51 billion for the fiscal first quarter ended April 2024. The consensus earnings estimate was $0.52 per share on revenue of $158.89 billion. The Earnings Whisper number was $0.55 per share. The company beat expectations by 9.09% while revenue grew 6.05% on a year-over-year basis.The company said it expects second-quarter earnings of $0.62 to $0.65 per share on revenue of $167.29 billion to $168.58 billion. The current consensus earnings estimate is $0.64 per share on revenue of $167.21 billion for the quarter ending July 31, 2024. The company also said it expects fiscal 2025 results to be at the high end or slightly above its previous guidance range for earnings of $2.23 to $2.37 per share and revenue of $667.57 billion to $674.05 billion. The current consensus earnings estimate is $2.36 per share on revenue of $671.50 billion for the year ending January 31, 2025.
Plug Power (PLUG) reported a loss of $0.43 per share on revenue of $120.26 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.32 per share on revenue of $172.89 million. The company missed consensus estimates by 34.38% while revenue fell 42.81% compared to the same quarter a year ago.
Roblox (RBLX) reported a loss of $0.43 per share on revenue of $801.30 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.53 per share on revenue of $931.05 million. The Earnings Whisper number was a loss of $0.49 per share. The company beat expectations by 12.24% while revenue grew 22.27% on a year-over-year basis.The company said it expects second quarter bookings of $870.0 million to $900.0 million and 2024 bookings of $4.00 billion to $4.10 billion. The company's previous guidance was 2024 bookings of $4.14 billion to $4.28 billion. The current consensus revenue estimate is $943.93 million for the quarter ending June 30, 2024 and revenue of $4.23 billion for the year ending December 31, 2024.
Shopify (SHOP) reported earnings of $0.20 per share on revenue of $1.86 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.17 per share on revenue of $1.84 billion. The Earnings Whisper number was $0.21 per share. The company missed expectations by 4.76% while revenue grew 23.41% on a year-over-year basis.The company said it expects second quarter revenue of approximately $1.99 billion. The current consensus revenue estimate is $2.01 billion for the quarter ending June 30, 2024.
Perion Network (PERI) reported earnings of $0.35 per share on revenue of $157.82 million for the first quarter ended March 2024. The consensus earnings estimate was $0.36 per share on revenue of $156.96 million. The company missed consensus estimates by 2.78% while revenue grew 8.73% on a year-over-year basis.The company said it expects second quarter revenue of $118.0 million to $122.0 million and continues to expect 2024 revenue of $590.0 million to $610.0 million. The current consensus revenue estimate is $118.77 million for the quarter ending June 30, 2024 and revenue of $599.46 million for the year ending December 31, 2024.
Upstart (UPST) reported a loss of $0.31 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $0.39 per share on revenue of $124.82 million. The Earnings Whisper number was a loss of $0.41 per share. The company beat expectations by 24.39%.
BP (BP) reported Q1 underlying earnings Tuesday of $0.97 per American depositary share, down from $1.66 a year earlier.
Rivian Automotive (RIVN) reported a loss of $1.45 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $1.14 per share on revenue of $1.12 billion. The Earnings Whisper number was a loss of $1.10 per share. The company missed expectations by 31.82%.
iRobot (IRBT) reported a loss of $1.53 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $2.39 per share on revenue of $139.45 million. The company beat consensus estimates by 35.98%.
RingCentral (RNG) reported earnings of $0.85 per share on revenue of $584.21 million for the first quarter ended March 2024. The consensus earnings estimate was $0.80 per share on revenue of $577.93 million. The Earnings Whisper number was $0.83 per share. The company beat expectations by 2.41% while revenue grew 9.47% on a year-over-year basis.
Toast (TOST) reported a loss of $0.15 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $0.15 per share on revenue of $1.03 billion. The Earnings Whisper number was a loss of $0.13 per share. The company missed expectations by 15.38%.
Twilio (TWLO) reported earnings of $0.80 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.59 per share on revenue of $1.03 billion. The Earnings Whisper number was $0.64 per share. The company beat expectations by 25.00%.
Reddit (RDDT) reported a loss of $8.19 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $8.55 per share on revenue of $212.43 million. The company beat consensus estimates by 4.21%.
Walt Disney (DIS) reported earnings of $1.21 per share on revenue of $22.08 billion for the fiscal second quarter ended March 2024. The consensus earnings estimate was $1.12 per share on revenue of $22.11 billion. The Earnings Whisper number was $1.20 per share. The company beat expectations by 0.83% while revenue grew 1.23% on a year-over-year basis.
The company said it expects fiscal 2024 earnings of approximately $4.70 per share. The company's previous guidance was earnings of approximately $4.60 per share and the current consensus earnings estimate is $4.70 per share for the year ending September 30, 2024.
Palantir Technologies (PLTR) reported earnings of $0.08 per share on revenue of $634.34 million for the first quarter ended March 2024. The consensus earnings estimate was $0.08 per share on revenue of $614.88 million. The Earnings Whisper number was $0.09 per share. The company missed expectations by 11.11% while revenue grew 20.78% on a year-over-year basis. The company said it expects second quarter revenue of $649.0 million to $653.0 million and 2024 revenue of $2.677 billion to $2.689 billion. The company's previous guidance was 2024 revenue of $2.652 billion to $2.668 billion and the The current consensus revenue estimate is $642.88 million for the quarter ending June 30, 2024 and revenue of $2.68 billion for the year ending December 31, 2024.
Apple (AAPL) reported earnings of $1.53 per share on revenue of $90.75 billion for the fiscal second quarter ended March 2024. The consensus earnings estimate was $1.51 per share on revenue of $89.79 billion. The Earnings Whisper number was $1.50 per share. The company beat expectations by 2.00% while revenue fell 4.31% compared to the same quarter a year ago.The company said during its conference call it expects third-quarter earnings of $1.28 to $1.34 per share on revenue of approximately $83.84 billion. The current consensus earnings estimate is $1.31 per share on revenue of $82.65 billion for the quarter ending June 30, 2024.
Block (SQ) reported earnings of $0.74 per share on revenue of $5.96 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.72 per share on revenue of $5.73 billion. The Earnings Whisper number was $0.76 per share. The company missed expectations by 2.63% while revenue grew 19.38% on a year-over-year basis.
Rocket Companies (RKT) reported earnings of $0.07 per share on revenue of $1.38 billion for the first quarter ended March 2024. The consensus estimate was a loss of $0.01 per share on revenue of $1.01 billion. The company beat consensus estimates by 800.00% while revenue grew 107.74% on a year-over-year basis.The company said it expects second quarter revenue of $1.075 billion to $1.225 billion. The current consensus revenue estimate is $1.25 billion for the quarter ending June 30, 2024.
QUALCOMM (QCOM) reported earnings of $2.44 per share on revenue of $9.39 billion for the fiscal second quarter ended March 2024. The consensus earnings estimate was $2.31 per share on revenue of $9.32 billion. The Earnings Whisper number was $2.49 per share. The company missed expectations by 2.01% while revenue grew 1.23% on a year-over-year basis.The company said it expects third quarter non-GAAP earnings of $2.15 to $2.35 per share on revenue of $8.80 billion to $9.60 billion. The current consensus earnings estimate is $2.17 per share on revenue of $9.05 billion for the quarter ending June 30, 2024.
Amazon.com (AMZN) reported earnings of $0.98 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.81 per share on revenue of $142.55 billion. The Earnings Whisper number was $0.90 per share. The company beat expectations by 8.89%.The company said it expects second quarter revenue of $144.0 billion to $149.0 billion. The current consensus revenue estimate is $150.22 billion for the quarter ending June 30, 2024.
Starbucks (SBUX) reported earnings of $0.68 per share on for the fiscal second quarter ended March 2024. The consensus earnings estimate was $0.79 per share on revenue of $9.17 billion. The Earnings Whisper number was $0.80 per share. The company missed expectations by 15.00%.
Supermicro (SMCI) reported earnings of $6.65 per share on for the fiscal third quarter ended March 2024. The consensus earnings estimate was $5.79 per share on revenue of $4.01 billion. The Earnings Whisper number was $6.00 per share. The company beat expectations by 10.83%.The company said it expects fourth quarter earnings of $7.62 to $8.42 per share on revenue of $5.10 billion to $5.50 billion. The current consensus earnings estimate is $6.99 per share on revenue of $4.91 billion for the quarter ending June 30, 2024.
3M (MMM) reported earnings of $2.39 per share on revenue of $8.00 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.08 per share on revenue of $7.64 billion. The Earnings Whisper number was $2.14 per share. The company beat expectations by 11.68% while revenue fell 0.35% compared to the same quarter a year ago.The company said it expects 2024 earnings of $6.80 to $7.30 per share, with the spin-off of Solventum. The current consensus earnings estimate is $8.19 per share for the year ending December 31, 2024.
PayPal (PYPL) reported earnings of $1.40 per share on revenue of $7.70 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.24 per share on revenue of $7.50 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 11.11% while revenue grew 9.36% on a year-over-year basis.The company said it expects second quarter earnings of approximately $0.98 per share and 2024 earnings of $3.98 to $4.17 per share, using its new Non-GAAP metholdolgy. The current consensus estimate is earnings of $0.93 per share for the quarter ending June 30, 2024 and earnings of $4.02 per share for the year ending December 31, 2024.
Coca-Cola (KO) reported earnings of $0.72 per share on revenue of $11.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.69 per share on revenue of $10.95 billion. The Earnings Whisper number was $0.71 per share. The company beat expectations by 1.41% while revenue grew 2.91% on a year-over-year basis.The company said it continues to expect 2024 earnings of $2.80 to $2.82 per share. The current consensus earnings estimate is $2.81 per share for the year ending December 31, 2024.
McDonalds (MCD) reported earnings of $2.70 per share on revenue of $6.17 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.71 per share on revenue of $6.17 billion. The Earnings Whisper number was $2.80 per share. The company missed expectations by 3.57% while revenue grew 4.60% on a year-over-year basis.
Transocean (RIG) reported a loss of $0.03 per share on revenue of $763.00 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.13 per share on revenue of $779.56 million. The Earnings Whisper number was a loss of $0.09 per share. The company beat expectations by 66.67% while revenue grew 17.57% on a year-over-year basis.
Rambus (RMBS) reported earnings of $0.30 per share on revenue of $117.87 million for the first quarter ended March 2024. The consensus earnings estimate was $0.44 per share on revenue of $132.00 million. The Earnings Whisper number was $0.47 per share. The company missed expectations by 36.17% while revenue grew 3.61% on a year-over-year basis.The company said it expects second quarter revenue of $130.0 million to $148.0 million. The current consensus revenue estimate is $138.70 million for the quarter ending June 30, 2024.
Roper Technologies (ROP) reported earnings of $4.41 per share on revenue of $1.68 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.34 per share on revenue of $1.65 billion. The company beat consensus estimates by 1.61% while revenue grew 14.36% on a year-over-year basis.The company said it expects second quarter earnings of $4.42 to $4.46 per share and now expects 2024 earnings of $18.05 to $18.25 per share. The company's previous guidance was 2024 earnings of $17.85 to $18.15 per share. The current consensus estimate is earnings of $4.46 per share for the quarter ending June 30, 2024 and earnings of $18.08 per share for the year ending December 31, 2024.
Chevron (CVX) reported earnings of $2.93 per share on revenue of $48.72 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.84 per share on revenue of $51.17 billion. The Earnings Whisper number was $3.06 per share. The company missed expectations by 4.25% while revenue fell 4.09% compared to the same quarter a year ago.
Snap (SNAP) reported earnings of $0.03 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $0.04 per share on revenue of $1.12 billion. The Earnings Whisper number was a loss of $0.01 per share. The company beat expectations by 400.00%.The company said it expects second quarter revenue of $1.225 billion to $1.255 billion. The current consensus revenue estimate is $1.21 billion for the quarter ending June 30, 2024.
Microsoft (MSFT) reported earnings of $2.94 per share on revenue of $61.86 billion for the fiscal third quarter ended March 2024. The consensus earnings estimate was $2.81 per share on revenue of $60.77 billion. The Earnings Whisper number was $2.91 per share. The company beat expectations by 1.03% while revenue grew 17.03% on a year-over-year basis.
Alphabet (GOOGL) reported earnings of $1.89 per share on revenue of $80.54 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.49 per share on revenue of $78.61 billion. The Earnings Whisper number was $1.55 per share. The company beat expectations by 21.94% while revenue grew 15.41% on a year-over-year basis.
Intel (INTC) reported earnings of $0.18 per share on revenue of $12.72 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.11 per share on revenue of $12.77 billion. The Earnings Whisper number was $0.15 per share. The company beat expectations by 20.00% while revenue grew 8.61% on a year-over-year basis.The company said it expects second quarter non-GAAP earnings of approximately $0.10 per share on revenue of $12.50 billion to $13.50 billion. The current consensus earnings estimate is $0.25 per share on revenue of $13.60 billion for the quarter ending June 30, 2024.
Roku (ROKU) reported a loss of $0.35 per share on revenue of $881.47 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.64 per share on revenue of $850.97 million. The Earnings Whisper number was a loss of $0.56 per share. The company beat expectations by 37.50% while revenue grew 18.96% on a year-over-year basis.
Teradyne (TER) reported earnings of $0.51 per share on revenue of $599.82 million for the first quarter ended March 2024. The consensus earnings estimate was $0.33 per share on revenue of $566.46 million. The Earnings Whisper number was $0.37 per share. The company beat expectations by 37.84% while revenue fell 2.87% compared to the same quarter a year ago.The company said it expects second quarter earnings of $0.64 to $0.84 per share on revenue of $665.0 million to $725.0 million. The current consensus earnings estimate is $0.66 per share on revenue of $635.91 million for the quarter ending June 30, 2024.
Ford Motor (F) reported earnings of $0.49 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.42 per share on revenue of $40.64 billion. The Earnings Whisper number was $0.48 per share. The company beat expectations by 2.08%.
Meta Platforms (META) reported earnings of $4.71 per share on for the first quarter ended March 2024. The consensus earnings estimate was $4.32 per share on revenue of $36.15 billion. The Earnings Whisper number was $4.51 per share. The company beat expectations by 4.43%.
AT&T (T) reported earnings of $0.55 per share on revenue of $30.03 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.53 per share on revenue of $30.54 billion. The Earnings Whisper number was $0.53 per share. The company beat expectations by 3.77% while revenue fell 0.37% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.21 per share for the year ending December 31, 2024.
RTX (RTX) reported earnings of $1.34 per share on revenue of $19.31 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.23 per share on revenue of $18.41 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 6.35% while revenue grew 12.15% on a year-over-year basis.The company said it continues to expect 2024 earnings of $5.25 to $5.40 per share on revenue of $78.0 billion to $79.0 billion. The current consensus earnings estimate is $5.39 per share on revenue of $78.6 billion for the year ending December 31, 2024.
Tesla (TSLA) reported earnings of $0.45 per share on revenue of $21.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.49 per share on revenue of $22.71 billion. The Earnings Whisper number was $0.41 per share. The company beat expectations by 9.76% while revenue fell 8.69% compared to the same quarter a year ago.
Netflix (NFLX) reported earnings of $5.28 per share on revenue of $9.37 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.51 per share on revenue of $9.25 billion. The Earnings Whisper number was $4.61 per share. The company beat expectations by 14.53% while revenue grew 14.81% on a year-over-year basis.The company said it expects second quarter earnings of approximately $4.68 per share on revenue of approximately $9.49 billion. The current consensus earnings estimate is $4.53 per share on revenue of $9.53 billion for the quarter ending June 30, 2024.
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Charts are repeated often, and changes are followed and tracked for MY own purpose.
What I post here is for me and truly meaningless to others. Think of it as one big sticky note for me to stay organized.
The Price listed on ANY post, is the PRICE PER SHARE AT THE TIME OF PAGE CREATION. Which can go back a long time.
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Litterbox stox/trdrs
AMC Entertainment Holdings, Inc.(Nyse: AMC) 779
Blackberry (NYSE: BB)
Gamestop Corp (Nyse: GME)
Irobot Corp (Nasd: IRBT)
Plug Power(Nasd: PLUG)
Rivian Automotive (Nasd: RIVN)
Builds
Amazon.Com (Nasdaq: AMZN) 121/193
Google(Nasd: GOOGL) 200/183
PayPal Holdings (Nasd: PYPL)
Roblox Corp (Nyse: RBLX )
Transocean (Nyse: RIG) 120/5.19
Ringcentral, Inc (Nyse: RNG)
Roku, Inc (Nasd: ROKU)
Shopify, Inc. (Nyse: SHOP)
Block, Inc (Nyse: SQ)
Tesla(Nasd: TSLA)
Twilio Inc (NYSE: TWLO)
Upstart Holdings (Nasd: UPST)
Zoom Video (Nasd: ZM)
BP PLC (Nyse: BP)
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SQ 84rg/Gap 68.44/ GOOGL 157rg
SHOP 51rg/PYPL 25g's on CP/ Iran
UPST 92rg/AAPL 141rg/ RNG 45rg/HA234rg/AMC 779rg
D RNG 5200 AMZN 1600
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