eastunder

Speak softly and carry a big stock.

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eastunder

Speak softly and carry a big stock.

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eastunder

Speak softly and carry a big stock.

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eastunder

1:19 PM

Post #15618 on Keeping It Simple

Reporting tonight

UPST 25.09

RNG 30.36

TWLO 63.58

IRBT 9.18

RIVN 10.27

RDDT 48.43

eastunder

9:40 AM

Post #15617 on Keeping It Simple

Market Chatter: on PTON
4.03 cpps Gap 3.67

___________________________________________________________________________

UPDATE 2-Private equity firms consider potential Peloton buyout, CNBC reports
09:23:37 AM ET, 05/07/2024 - Reuters
(Updates shares, adds Peloton comment, adds background)

May 7 (Reuters) - A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and return to growth after 13 straight quarters of losses, CNBC reported on Tuesday.

Shares of the fitness equipment maker rose 20.6% in premarket trading.

The New York-based company has had talks with at least one firm in recent months as it considers going private, the report said, citing people familiar with the matter.

"We do not comment on speculation or rumors," a Peloton spokesperson said when contacted for comment on the report.

Last week, Peloton CEO Barry McCarthy quit and the company announced job cuts to reduce costs after posting weak results.

Dwindling demand for its stationary bikes and treadmills despite price cuts led to Peloton reporting a smaller-than-expected revenue for the third quarter and trimming its full-year forecast.

A number of other private equity firms have been circling Peloton as an acquisition target, but it's unclear if they have held formal discussions, the report added.

(Reporting by Kannaki Deka in Bengaluru; Editing by Shinjini Ganguli and Devika Syamnath)

eastunder

9:02 AM

Post #15616 on Keeping It Simple

Earnings 5-6-24

BP 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A
TWLO 5-7 A
IRBT 5-7 A
RIVN 5-7 A
RDDT 5-7 A

SHOP 5-8 B
PERI 5-8 B
TTD 5-8 A
ABNB 5-8 A

RBLX 5-9 B
PLUG 5-9 B

HD 5-14 B

CSCO 5-15 A

WMT 5-16 B

ZM 5-20 A

NVDA 5-22 A

AI 5-29 A
________________________________________________________

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.

________________________________________________________________________________________________________________________

DOCU
FDX
FIZZ
MESA
NKE
PATH
PD

eastunder

8:19 AM

Post #15615 on Keeping It Simple

Apple, Rivian Reportedly In Talks For Partnership
ED CARSON08:01 AM ET 05/07/2024

https://www.investors.com/news/apple-rivian-in-talks-for-partnership/?src=A00220

Apple (AAPL) is in talks with EV maker Rivian (RIVN) about a possible partnership, DigiTimes reported Monday night. Rivian stock jumped while Apple edged higher.

Taiwan-based Digitimes cited supply chain sources. But it's unclear what any such alliance would entail. Apple canceled its long-running "Project Titan" Apple Car in late February.

It's unclear if there are actual talks. Even if true, talks needn't amount to anything.

Apple is holding a "Let Loose" event on Tuesday morning that is expected to focus on new iPads.

Rivian reports first-quarter earnings Tuesday night.

Apple, Rivian Stock

Apple stock rose a fraction early Tuesday after dipping 0.9% to 181.71 in Monday's trading. Shares gapped up 6% on Friday following better-than-expected quarterly earnings and a $110 billion buyback.

Rivian stock jumped 8% in premarket trading, signaling a move above its 50-day line. Shares rose 2.6% on Monday to 10.33. RIVN hit a record low last month.

Rivian had a market cap of just $10.1 billion as of Monday's close.

eastunder

05/06/24 8:44 PM

Post #15614 on Keeping It Simple

Earnings 5-6-24

DIS 5-7 B
BP 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A
TWLO 5-7 A
IRBT 5-7 A
RIVN 5-7 A
RDDT 5-7 A

SHOP 5-8 B
PERI 5-8 B
TTD 5-8 A
ABNB 5-8 A

RBLX 5-9 B
PLUG 5-9 B

HD 5-14 B

CSCO 5-15 A

WMT 5-16 B

ZM 5-20 A

NVDA 5-22 A

AI 5-29 A
________________________________________________________

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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eastunder

05/06/24 12:21 PM

Post #15612 on Keeping It Simple

PLTR cpps 24.75 reports tonight

eastunder

05/06/24 12:17 PM

Post #15611 on Keeping It Simple

Palantir Technologies Likely to Report Strong Q1, Wedbush Says
12:04:05 PM ET, 05/06/2024 - MT Newswires
12:04 PM EDT, 05/06/2024 (MT Newswires) -- Palantir Technologies (PLTR) is likely to report another strong Q1 quarter Monday, fueled by US commercial success, Wedbush said in a note.

"The big focus tonight will be hearing about AIP customer conversion, US commercial strength momentum, and the trajectory of

larger deals in the pipeline," Wedbush analysts, including Daniel Ives, said. AIP refers to Artificial Intelligence Platform.

Customers continue to discover new use cases with Palantir's AIP, presenting cross-selling opportunities, the analysts said.

"We believe Palantir is on the golden path for its monetization story on the commercial side and is well-positioned to capitalize on the strong commercial spending tailwinds for 2024/2025," they said.

"As we have discussed this story, growth, and ultimate re-rating is around Palantir's US commercial business which is estimated to show growth of at least 40% in 2024," the analysts added.

Wedbush maintained its outperform rating with a 12-month price target of $35.

eastunder

05/05/24 9:45 AM

Post #15610 on Keeping It Simple

Rivian receives $827 mln in incentives to expand Illinois facility, shares jump
15:27:03 PM ET, 05/02/2024 - Reuters

May 2 (Reuters) - Rivian Automotive said on Thursday it has received $827 million in an incentive package from the State of Illinois to expand operations at its Normal facility.

The Irvine, California-based company's shares rose nearly 10% in afternoon trade after having lost more than 60% of their value this year, as of Wednesday's close.

The Illinois plant, where Rivian also makes its electric delivery vans for its largest investor, Amazon.com, can produce 150,000 vehicles a year, the company said.\

Rivian will be producing its less-expensive midsize SUV R2 model, unveiled in March and will take on Tesla's Model Y, at the plant

With the addition of the R2, Rivian expects a total annual capacity of 215,000 vehicles.

The company said the funds from the state of Illinois would be spent on expanding the plant, improving public infrastructure and job training programs for its workforce.

The incentive package would add to Rivian's balance of cash and cash equivalents of $7.86 billion at end of last year.

Earlier this year, Rivian had said it expects to spend about $1.75 billion in capital expenditures in 2024, driven by additional investment in a second facility just outside of Atlanta, Georgia facility, but it has since paused construction of the plant.

Construction would resume later in Georgia as that site "remains an extremely important part of its long-term strategy," Rivian said.

Rivian, which is set to report first-quarter results next week, raised more than $3 billion with two bond issuances last year, but some analysts and investors say it will need additional capital by 2026. (Reporting by Akash Sriram in Bengaluru; Editing by Shilpi Majumdar and Tasim Zahid)

eastunder

05/05/24 9:16 AM

Post #15609 on Keeping It Simple

RBLX Gap 37.68

eastunder

05/05/24 9:14 AM

Post #15608 on Keeping It Simple

AAPL Gap 173.42

eastunder

05/05/24 9:13 AM

Post #15607 on Keeping It Simple

Shop Gap 72.72

eastunder

05/03/24 10:22 AM

Post #15606 on Keeping It Simple

Earnings 5-3-24

PLTR 5-6 A

DIS 5-7 B
BP 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A
TWLO 5-7 A
IRBT 5-7 A
RIVN 5-7 A

SHOP 5-8 B
PERI 5-8 B
TTD 5-8 A
ABNB 5-8 A

RBLX 5-9 B
PLUG 5-9 B

HD 5-14 B

CSCO 5-15 A

WMT 5-16 B

ZM 5-20 A

NVDA 5-22 A

AI 5-29 A
________________________________________________________

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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eastunder

05/02/24 10:36 AM

Post #15605 on Keeping It Simple

Earnings 5-2-24

AAPL 5-2 A
SQ 5-2 A
RKT 5-2 A

PLTR 5-6 A

DIS 5-7 B
BP 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A
TWLO 5-7 A
IRBT 5-7 A

SHOP 5-8 B
PERI 5-8 B
TTD 5-8 A
ABNB 5-8 A

RBLX 5-9 B
PLUG 5-9 B

HD 5-14 B

CSCO 5-15 A

WMT 5-16 B

ZM 5-20 A

NVDA 5-22 A

AI 5-29 A
________________________________________________________

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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eastunder

05/01/24 2:54 PM

Post #15604 on Keeping It Simple

Block expected to post blowout Q1 earnings on back of strong outlook

https://www.msn.com/en-us/money/markets/block-expected-to-post-blowout-q1-earnings-on-back-of-strong-outlook/ar-AA1nZPoP?ocid=BingNewsSerp

Block (NYSE:SQ), the Square and Cash App parent company, is expected to record an increase in both earnings and revenue when it reports first-quarter 2024 results on Wednesday after market close.

The average sell-side analyst sees Q1 adjusted EPS jumping to $0.73 from $0.46 in the previous quarter and $0.40 in the year-earlier period. Total net revenue, too, is forecast to advance to $5.82B from $5.77B in Q4 2023 and $4.99B in Q1 2023.

Jefferies analyst Trevor Williams is calling for another consensus beat on gross profit and EBITDA, though “we see less potential for a major [positive] surprise.

“Despite that, we expect this qtr. to further underscore SQ’s new era of focus and efficiency (faster product velocity on slower expenses growth) and see plenty that can support the bull case for sustainable mid-teens+ growth,” he wrote in a note to clients Monday.
In February, investors bid up the SQ greatly after the payment and fintech app company said it plans to grow its business by getting Cash App users to bank with it, moving up market to service families, and building the next-generation social bank. That announcement was accompanied by an increase in Block’s (SQ) full-year 2024 adjusted EBITDA guidance to above Wall Street expectations.

“For the full year, management issued an ‘at least’ guide, meaning Block could very likely produce far better results than its guidance,” said SA analyst Riyado Sofian. Even if Block (SQ) doesn’t outpace expectations and easily top its guidance, as Sofian believes will be the case, it “still has a long growth runway ahead as Square and Cash App combined have less than 5% market penetration today, with over $205B of Gross Profit opportunity up for grabs.”

Block (SQ) has a solid track record in exceeding earnings expectations, with eight of the last twelve quarterly earnings coming in above consensus. Wall Street has been quite bullish on the profit outlook, with 20 upward EPS revisions over the last three months, compared with just four downward revisions. The revenue outlook was a little more iffy (13 upward revisions vs. eight downward revisions).

Bank of America contended in a recent note that a positive catalyst could include in-line gross profit, with 2024 guidance reiterated, and some EBITDA upside, when SQ discloses Q1 results Wednesday.

Separately, shares of Oakland, California-based Block (SQ) dropped 9.2% in Tuesday midafternoon trading at least partly amid a report that federal prosecutors are examining financial transactions at the company

eastunder

05/01/24 11:06 AM

Post #2969 on Block Inc (SQ)

SQ reports 5-2 After close

Cpps at time of post 66.95

eastunder

05/01/24 11:04 AM

Post #2968 on Block Inc (SQ)

Market Chatter: Block Under Probe for Alleged Compliance Malpractices
10:46:23 AM ET, 05/01/2024 - MT Newswires

10:46 AM EDT, 05/01/2024 (MT Newswires) -- Block (SQ) is said to be under probe for alleged compliance lapses at its Square and Cash App units, NBC News reported Wednesday, citing two unnamed sources familiar with the matter.

NBC said prosecutors from the Southern District of New York are looking into the company's documents and internal practices after a former employee disclosed certain malpractices within the group. According to the former employee, Block collected insufficient information for Square and Cash App customers' risk assessment, Square processed thousands of transactions involving countries with economic sanctions, and Block processed cryptocurrency transactions for terrorist groups.

The former employee provided about 100 pages of supporting documents to NBC and said Block did not correct the processes when informed of the transactions, the report added. NBC said a second source familiar with the company's practices and monitoring programs backed the former employee's allegations.

According to NBC, a Block spokeswoman said the company voluntarily reported the transactions described by the former employee to the Office of Foreign Assets Control under the US Treasury and that the company maintains a "responsible and extensive compliance program."

Block did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

eastunder

05/01/24 10:51 AM

Post #15603 on Keeping It Simple

eastunder

05/01/24 9:35 AM

Post #15602 on Keeping It Simple

SQ cpps 68.85 w low 67.74 Gap 68.44 ✔️

RB tgts: earnings gap (68.44) & 200 day (cur 64.51)

Next earnings 5/2 A

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)
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

eastunder

05/01/24 9:24 AM

Post #15601 on Keeping It Simple

PYPL Analyst Targets

Susquehanna Adjusts PayPal Holdings' Price Target to $71 From $65, Keeps Neutral Rating

RBC Capital Raises PayPal's Price Target to $84 From $74

Mizuho Adjusts Price Target on PayPal Holdings to $68 From $60

Morgan Stanley Raises Price Target on PayPal Holdings to $67 From $62, Notes 'Slight Improvement' in Outlook; Equalweight Kept

TD Cowen Adjusts Price Target on PayPal to $68 From $58, Maintains Hold Rating

Goldman Sachs Adjusts Price Target on PayPal to $76 From $74, Maintains Buy Rating

JPMorgan Adjusts Price Target on PayPal to $77 From $70, Keeps Overweight Rating

Baird Adjusts Price Target on PayPal to $77 From $70, Keeps Outperform Rating

Evercore ISI Adjusts Price Target on PayPal to $65 From $60, Keeps In Line Rating

Stephens Adjusts Price Target on PayPal to $75 From $70, Keeps Equalweight Rating

BMO Capital Adjusts Price Target on PayPal to $65 From $64, Keeps Market Perform Rating

Citigroup Adjusts Price Target on PayPal to $79 From $73, Keeps Buy Rating

Wells Fargo Adjusts Price Target on PayPal to $65 From $60, Keeps Equalweight Rating

Jefferies Adjusts Price Target on PayPal to $70 From $65, Keeps Hold Rating

Monness Crespi Hardt Raises PayPal's Price Target to $88 From $80

Macquarie Adjusts Price Target on PayPal to $85 From $75, Keeps Outperform Rating

BNP Paribas Exane Adjusts Price Target on PayPal to $64 From $63, Keeps Neutral Rating

eastunder

05/01/24 8:47 AM

Post #4091 on Transocean Ltd. (RIG)

RIG Q1 2024 Earnings Transcript

https://finance.yahoo.com/news/transocean-rig-q1-2024-earnings-211512559.html

eastunder

05/01/24 8:46 AM

Post #15600 on Keeping It Simple

RIG Q1 2024 Earnings Transcript

https://finance.yahoo.com/news/transocean-rig-q1-2024-earnings-211512559.html

eastunder

05/01/24 8:24 AM

Post #15599 on Keeping It Simple

AMZN Analyst Targets

Itau BBA Securities Adjusts Price Target on Amazon.com to $210 From $200, Keeps Outperform Rating

BMO Capital Adjusts Price Target on Amazon.com to $220 From $215, Keeps Outperform Rating

Bernstein Adjusts Price Target on Amazon.com to $210 From $200, Keeps Outperform Rating

Barclays Adjusts Price Target on Amazon.com to $230 From $220, Maintains Overweight Rating

Baird Adjusts Price Target on Amazon.com to $210 From $205, Keeps Outperform Rating

Citigroup Adjusts Price Target on Amazon.com to $245 From $235, Keeps Buy Rating

Goldman Sachs Adjusts Price Target on Amazon.com to $225 From $220, Keeps Buy Rating

HSBC Adjusts Amazon.com's Price Target to $220 From $200, Keeps Buy Rating

Maxim Raises Amazon's Price Target to $238 From $218

Monness Crespi Hardt Raises Amazon's Price Target to $225 From $215

Mizuho Securities Adjusts Price Target on Amazon.com to $240 From $230, Keeps Buy Rating

Morgan Stanley Adjusts Price Target on Amazon.com to $220 From $215, Maintains Overweight Rating

MoffettNathanson Adjusts Amazon.com's Price Target to $246 From $230

JPMorgan Adjusts Price Target on Amazon.com to $240 From $225, Keeps Overweight Rating

Oppenheimer Adjusts Amazon.com's Price Target to $220 From $210

Piper Sandler Adjusts Price Target on Amazon.com to $220 From $205, Keeps Overweight Rating

Raymond James Adjusts Price Target on Amazon.com to $205 From $200, Maintains Strong Buy Rating

Roth MKM Adjusts Price Target on Amazon.com to $210 From $205, Maintains Buy Rating

Stifel Adjusts Price Target on Amazon.com to $228 From $224, Keeps Buy Rating

Seaport Global Securities Adjusts Amazon Price Target to $210 From $200

Telsey Advisory Adjusts Price Target on Amazon.com to $215 From $200, Keeps Outperform Rating

Truist Securities Adjusts Price Target on Amazon.com to $220 From $216, Maintains Buy Rating

Wells Fargo Adjusts Price Target on Amazon.com to $234 From $217, Keeps Overweight Rating

Wolfe Research Adjusts Price Target on Amazon.com to $220 From $205, Keeps Outperform Rating

eastunder

04/30/24 8:05 PM

Post #100046 on Derf's Grotto

I wondered the same thing.

Where is He? Last post was 4/5

Very unlike him not to give someone, somewhere, a piece of his mind. ;)

eastunder

04/30/24 4:15 PM

Post #15598 on Keeping It Simple

Earnings 4-30-24

QCOM 5-1 A

AAPL 5-2 A
SQ 5-2 A
RKT 5-2 A

PLTR 5-6 A

DIS 5-7 B
BP 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A
TWLO 5-7 A
IRBT 5-7 A

SHOP 5-8 B
PERI 5-8 B
TTD 5-8 A
ABNB 5-8 A

RBLX 5-9 B

HD 5-14 B

CSCO 5-15 A

WMT 5-16 B

NVDA 5-22 A

AI 5-29 A
________________________________________________________

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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eastunder

04/30/24 3:21 PM

Post #15597 on Keeping It Simple

AMZN reports after bell
cpps 179

200d 151
Gap 173.92 159.76

Amazon.com, Inc. (NASDAQ:AMZN) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 75,730,000 shares, an increase of 7.3% from the March 31st total of 70,550,000 shares. Based on an average daily volume of 42,200,000 shares, the short-interest ratio is presently 1.8 days.

eastunder

04/30/24 3:18 PM

Post #15596 on Keeping It Simple

--Citigroup Upgrades Shopify to Buy From Neutral, Price Target is $105

eastunder

04/30/24 3:15 PM

Post #15595 on Keeping It Simple

PayPal lifts 2024 profit forecast as spending stays resilient, margins improve
07:39:14 AM ET, 04/30/2024 - Reuters
(Adds shares in paragraph 2)

April 30 (Reuters) - PayPal raised its full-year adjusted profit forecast on Tuesday, as the payments giant benefited from robust consumer spending, while measures to cut costs improved operating margins in the first quarter.

Shares of the company were last up 4% in volatile premarket trading after the results.

Consumer spending has shown remarkable resilience even as economic worries clouded the outlook for the payments sector for months. Though lower-income brackets have curbed discretionary purchases, most Americans are still looking to shop online, dine-out and travel.

PayPal's newly appointed management is also aiming to reignite investor confidence through efforts to make the company leaner and lower costs to ease pressure on its stock, which was among the worst performers on the Nasdaq last year.

Earlier this year, PayPal had announced plans to cut about 2,500 jobs, or 9% of its global workforce.

"2024 remains a transition year and we are focused on execution — driving our key strategic initiatives, realizing cost-savings and reinvesting appropriately," said CEO Alex Chriss.

The company expects 2024 adjusted profit to increase by "mid-to-high single-digit percentage", compared with its earlier forecast of it remaining flat.

PayPal also expects second-quarter revenue to grow 7% on FX-neutral basis, largely in line with Wall Street expectations.

Total payment volumes increased 14% to $403.9 billion in the first quarter, while net revenue climbed 10% to $7.7 billion on a currency-neutral basis.

PayPal's operating margins improved 84 basis points, on an adjusted basis, to 18.2% in the first quarter. Its margins have been central to investor anxieties over the last year as growth slowed post-pandemic.

The company's low-margin business products have risen strongly, while growth in its branded products slowed due to increased pressure from competitors such as Apple.

Its adjusted earnings per share rose to $1.08 in the three months ended March 31, compared with 85 cents a year ago. (Reporting by Manya Saini and Jaiveer Singh Shekhawat in Bengaluru; Editing by Shilpi Majumdar)

eastunder

04/30/24 3:13 PM

Post #15594 on Keeping It Simple

PYPL 68.25 cpps

RBC Capital Raises PayPal's Price Target to $84 From $74

Susquehanna Adjusts PayPal Holdings' Price Target to $71 From $65, Keeps Neutral Rating

eastunder

04/30/24 12:43 PM

Post #15593 on Keeping It Simple

Transocean Ltd (RIG) Q1 2024 Earnings: Surpasses Analyst Revenue Forecasts, Adjusts to Market ...
GuruFocus Research
Tue, Apr 30, 2024, 5:33 AM MDT3 min read

In this article:
RIG
-11.60%
Net Income: Reported a net income of $98 million, significantly exceeding the estimated net loss of $120.26 million.

Earnings Per Share (EPS): Achieved EPS of $0.11, surpassing the estimated EPS of -$0.14.

Revenue: Generated $763 million in contract drilling revenues, falling short of the estimated $787.04 million.

Revenue Efficiency: Decreased to 92.9% from 97.0% in the previous quarter, indicating lower operational efficiency.

Operating and Maintenance Expenses: Decreased to $523 million from $569 million, reflecting cost savings and efficiencies.

Adjusted EBITDA: Increased to $199 million, showing improved profitability and operational performance.

Backlog: Maintained a strong backlog of $8.9 billion, ensuring future revenue stability.

Warning! GuruFocus has detected 2 Warning Signs with RIG.

On April 29, 2024, Transocean Ltd (NYSE:RIG) disclosed its financial results for the first quarter of 2024 through an 8-K filing. The company reported a net income of $98 million, or $0.11 per diluted share, a significant improvement from a net loss of $104 million, or $0.13 per diluted share, in the previous quarter. This performance notably exceeded the analysts' estimated earnings per share of -$0.14.

About Transocean Ltd
Transocean Ltd is a leading international provider of offshore contract drilling services for oil and gas wells, specializing in technically demanding sectors of the global offshore drilling business, particularly ultra-deepwater and harsh environment drilling services. The company operates the highest specification floating offshore drilling fleet globally and is known for its advanced capabilities in deepwater exploration.

Financial Performance Overview
The first quarter saw Transocean generate contract drilling revenues of $763 million, up from $741 million in the previous quarter, driven by increased rig activity and higher day rates. This figure surpassed the analysts' revenue estimate of $787.04 million for the quarter. The company's revenue efficiency, however, declined to 92.9% from 97.0%, mainly due to operational downtime on the Deepwater Titan.

Operating and maintenance expenses decreased to $523 million from $569 million, reflecting cost efficiencies and reduced expenses on idle rigs. Adjusted EBITDA was reported at $199 million, up from $122 million in the prior quarter, resulting in an improved EBITDA margin of 26.0%.

Challenges and Strategic Adjustments
Despite the positive revenue and income figures, Transocean faced challenges including unscheduled downtime on the Deepwater Titan due to blowout preventer issues. The company also navigated a complex tax environment, with an effective tax rate of 206.0%, significantly higher than the previous period, primarily due to deferred tax adjustments related to rig movements and contract changes.

Strategic Highlights and Future Outlook
CEO Jeremy Thigpen highlighted several strategic achievements in the quarter, including a significant contract extension and a $1.8 billion debt refinancing transaction aimed at improving liquidity and simplifying the balance sheet. Looking forward, Thigpen expressed optimism about the demand outlook for deepwater drilling and the company's focus on securing long-term contracts.

"Looking ahead, we remain encouraged by the demand outlook and expect to see numerous long-term contracts awarded over the next several months. As we work to secure those contracts, we will remain acutely focused on operational execution across our fleet, as we endeavor to maximize the conversion of our industry-leading backlog to cash."

Financial Position and Liquidity
Transocean reported a decrease in cash and cash equivalents to $446 million from $762 million at the end of the previous quarter. The company's total debt stood at $7,265 million, slightly down from $7,413 million. Capital expenditures for the quarter were $83 million, primarily related to the construction of the newbuild ultra-deepwater drillship Deepwater Aquila.

Conclusion
Transocean's first quarter of 2024 reflects a robust operational and financial performance amidst challenging market conditions. With strategic initiatives in place to enhance its fleet's capabilities and financial flexibility, Transocean is well-positioned to capitalize on the growing demand for high-specification floaters in the offshore drilling market.

eastunder

04/30/24 12:41 PM

Post #4089 on Transocean Ltd. (RIG)

That's fair.

I'm curious what happened in their conference call.

eastunder

04/30/24 12:29 PM

Post #15592 on Keeping It Simple

RIG

Cpps at 5.20 4/30/24
146rgs/RB to TP started

CP: 14000 6500 6500 9000 2500 250 250 / 13000 6500 3500 3500 6500 6500
NB: 1000 1000 1000 500 0 250 250 / 1000 500 500 1000 500 500
TP: 20000 10000 10000 10000 2500 500 500 / 20000 10000 5000 10000 10000 10000

eastunder

04/30/24 11:01 AM

Post #4087 on Transocean Ltd. (RIG)

Transocean Ltd. Reports First Quarter 2024 Results
17:24:00 PM ET, 04/29/2024 - GlobeNewswire

	Three months ended	 March 31, 2024	 	December 31,2023    Sequential change 
 (In millions, except per share amounts and backlog)	 	 	 	 	 	 	 	 	 	 	  
 Contract drilling revenues	        $763	 	 	$741	 	 	 $22	 	  
 Adjusted contract drilling revenues	$767	 	 	$748	 	 	 $19	 	  
 Revenue efficiency(1)	 	        92.9%  	 	        97.0%  	 	 	(4.1)%   
 Operating and maintenance expense	$523	 	        $569	 	        $(46)	  
 Net income (loss) attrib. to con. int.	$98	                $(104)	 	 	$202	 	  
 Diluted earnings (loss) per share	$0.11	 	 	$(0.13)	 	 	$0.24	 	  
  	 	 	 	 	 	 	 	 	 	 	  
 Adjusted EBITDA	                $199	 	 	$122	 	 	$77	 	  
 Adjusted EBITDA margin	 	        26.0 %  	 	 16.3%  	 	9.7%   
 Adjusted net loss	                $(22)	 	 	$(74)	 	        $52	 	  
 Adjusted diluted loss per share	$(0.03)	 	 	$(0.09)	 	 	$0.06

Backlog as of the April 2024 Fleet Status Report $ 8.9 billion

STEINHAUSEN, Switzerland, April 29, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net income attributable to controlling interest of $98 million, $0.11 per diluted share, for the three months ended March 31, 2024.

First quarter results included net favorable items of $120 million, $0.14 per diluted share, primarily due to $121 million discrete tax items, net.

After consideration of these net favorable items, first quarter 2024 adjusted net loss was $22 million, $0.03 per diluted share.

Contract drilling revenues for the three months ended March 31, 2024, increased sequentially by $22 million to $763 million, primarily due to increased activity for rigs that returned to work or were fully active this quarter after undergoing contract preparation, higher dayrate and higher reimbursable revenue. This was partially offset by lower revenue efficiency across the fleet, particularly on Deepwater Titan which experienced significant unscheduled downtime related to its blowout preventer, and one less day in the quarter. Deepwater Titan has since resumed dayrate operations.

Contract intangible amortization represented a non-cash revenue reduction of $4 million, compared to $7 million in the prior quarter. The contract intangible assets are now fully amortized.

Operating and maintenance expense was $523 million, compared with $569 million in the prior quarter. The sequential decrease was primarily due to cost savings on rigs that were idle in the first quarter, reduced contract preparation expenses, and lower in-service maintenance cost on the operating fleet. This was partially offset by higher reimbursed expenses.

After consideration of the favorable adjustment of $10 million and $145 million in the first and fourth quarter, respectively, for the fair value of the bifurcated exchange feature related to the 4.625% exchangeable bonds, interest expense net of capitalized amounts was $127 million, compared to $142 million in the prior period. Interest income was $15 million, compared to $10 million in the previous quarter.

The Effective Tax Rate(2) was 206.0%, up from (25.0)% in the prior quarter. The increase was primarily due to changes in deferred taxes related to rig ownership changes, rig movement and contract expirations across multiple jurisdictions. The Effective Tax Rate excluding discrete items was 76.9% compared to (30.0)% in the previous quarter.

Cash used in operating activities was $86 million during the first quarter of 2024, representing a decrease of $184 million compared to cash provided by operations in the prior quarter. The sequential decrease was primarily due to increased payments that regularly occur in the first quarter of each year for payroll-related costs and interest expense.

First quarter 2024 capital expenditures of $83 million were primarily associated with the newbuild ultra-deepwater drillship Deepwater Aquila. This compares with $220 million in the prior quarter.

“Over the first months of 2024, Transocean has achieved some fairly significant milestones. First, we secured a 365-day extension on Deepwater Asgard at a rate of $505,000 per day, once again demonstrating the sustained tightness in the high-specification floater market as well as Transocean’s ability to command industry-leading dayrates,” said Chief Executive Officer Jeremy Thigpen. “Additionally, earlier this month we finalized a $1.8 billion debt refinancing transaction, enabling us to improve near-term liquidity and start the process of simplifying our balance sheet. We also completed the extension of our revolving credit facility to mid-2028, further enhancing our financial flexibility.”

Thigpen concluded, “Looking ahead, we remain encouraged by the demand outlook and expect to see numerous long-term contracts awarded over the next several months. As we work to secure those contracts, we will remain acutely focused on operational execution across our fleet, as we endeavor to maximize the conversion of our industry-leading backlog to cash.”

eastunder

04/30/24 11:01 AM

Post #15591 on Keeping It Simple

Transocean Ltd. Reports First Quarter 2024 Results
17:24:00 PM ET, 04/29/2024 - GlobeNewswire

	Three months ended	 March 31, 2024	 	December 31,2023    Sequential change 
 (In millions, except per share amounts and backlog)	 	 	 	 	 	 	 	 	 	 	  
 Contract drilling revenues	        $763	 	 	$741	 	 	 $22	 	  
 Adjusted contract drilling revenues	$767	 	 	$748	 	 	 $19	 	  
 Revenue efficiency(1)	 	        92.9%  	 	        97.0%  	 	 	(4.1)%   
 Operating and maintenance expense	$523	 	        $569	 	        $(46)	  
 Net income (loss) attrib. to con. int.	$98	                $(104)	 	 	$202	 	  
 Diluted earnings (loss) per share	$0.11	 	 	$(0.13)	 	 	$0.24	 	  
  	 	 	 	 	 	 	 	 	 	 	  
 Adjusted EBITDA	                $199	 	 	$122	 	 	$77	 	  
 Adjusted EBITDA margin	 	        26.0 %  	 	 16.3%  	 	9.7%   
 Adjusted net loss	                $(22)	 	 	$(74)	 	        $52	 	  
 Adjusted diluted loss per share	$(0.03)	 	 	$(0.09)	 	 	$0.06

eastunder

04/30/24 10:38 AM

Post #4085 on Transocean Ltd. (RIG)

Things that make you think ...WTH is happening? LOL

RIG 5.27 down .545 (-9.36%) on below ave volume 8:36 am MT on Earnings...

Transocean Swings to Q1 Earnings, Revenue Increases
05:12 AM EDT, 04/30/2024 (MT Newswires) -- Transocean (RIG) reported Q1 earnings of $0.11 per share, swinging from a loss of $0.64 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.17.

Contract drilling revenue for the quarter ended March 31 was $763 million, up from $649 million a year earlier.

Analysts surveyed by Capital IQ expected $779.9 million.

eastunder

04/30/24 10:36 AM

Post #15590 on Keeping It Simple

RIG 5.27 down .545 (-9.36%) on below ave volume 8:36 am MT on Earnings...

Transocean Swings to Q1 Earnings, Revenue Increases
05:12 AM EDT, 04/30/2024 (MT Newswires) -- Transocean (RIG) reported Q1 earnings of $0.11 per share, swinging from a loss of $0.64 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.17.

Contract drilling revenue for the quarter ended March 31 was $763 million, up from $649 million a year earlier.

Analysts surveyed by Capital IQ expected $779.9 million.

eastunder

04/30/24 10:32 AM

Post #4084 on Transocean Ltd. (RIG)

Lucky them.

eastunder

04/30/24 8:52 AM

Post #15588 on Keeping It Simple

Earnings 4-30-24

SBUX 4-30 A
AMZN 4-30 A
SMCI 4-30 A

QCOM 5-1 A

AAPL 5-2 A
SQ 5-2 A
RKT 5-2 A

PLTR 5-6 A

DIS 5-7 B
BP 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A
TWLO 5-7 A
IRBT 5-7 A

SHOP 5-8 B
PERI 5-8 B
TTD 5-8 A
ABNB 5-8 A

RBLX 5-9 B

HD 5-14 B

CSCO 5-15 A

WMT 5-16 B

NVDA 5-22 A

AI 5-29 A
________________________________________________________

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.

________________________________________________________________________________________________________________________

DOCU
FDX
FIZZ
MESA
NKE
PATH
PD
PLUG
ZM

eastunder

04/30/24 8:29 AM

Post #15587 on Keeping It Simple

PayPal Earnings Pop 27% Under New Reporting Method. PayPal Stock Is Set To Break Out.
FacebookTwitterLinkedInShare Licensing
REINHARDT KRAUSE08:05 AM ET 04/30/2024

PayPal Holdings (PYPL) early Tuesday reported first-quarter earnings that rose 27% from a year earlier under a new accounting methodology while revenue and total payment volume for PayPal stock topped views. PYPL stock rose on the news, signaling a move past a buy point.

The digital payments firm reported earnings before the market open, not after the close as usual.

The new accounting includes the impact of stock-based compensation expense and related employer payroll taxes. PayPal said it has recast adjusted financial results for 2023, 2022 and 2021 to reflect the accounting change.

PayPal earnings for the March quarter rose 27% to $1.08 per share on an adjusted basis. Revenue climbed 9% to $7.7 billion.

Analysts polled by FactSet expected PayPal earnings of $1.22 a share on revenue of $7.515 billion. A year earlier, PayPal earned $1.17 a share on sales of $7.04 billion.

Payment Volume Beats

Total payment volume processed from merchant customers in the quarter climbed 14% to $403.9 billion. Analysts had projected total payment volume of $393.64 billion.

New CEO Alex Chriss took the helm in late September. Also, PayPal has named a new chief financial officer: Jamie Miller, formerly CFO at consultancy EY.

San Jose, Calif.-based PayPal has evolved from an online checkout site to a mobile shopping and person-to-person payments site. Meanwhile, competition has heated up with Apple (AAPL), Square-parent Block (SQ) and others.

PayPal Stock 2024 Guidance

On the stock market today, PayPal stock popped 8.2% to 72.50 in early trading. That's set to clear a 68.21 buy point from a consolidation going back three months.

PayPal also updated 2024 guidance. The company forecast adjusted EPS growth of "mid to high single-digit percentage" from $3.83 in the prior year based on the new reporting method. The 2024 guidance includes Q1 restructuring charges of $175 million and an estimated $70 million to $90 million in Q2.

Heading into the PayPal earnings report, shares were up 9% in 2024 but down 12% over the past year.

SQ stock rose slightly, nearing its 50-day line. Square-parent Block is set to report on Thursday.

PayPal said it announced plans to change accounting methods on Feb. 7

eastunder

04/30/24 8:20 AM

Post #15586 on Keeping It Simple

Transocean Ltd. Reports First Quarter 2024 Results
April 29 2024 - 5:24PM

Transocean Ltd. (NYSE: RIG) today reported a net income attributable to controlling interest of $98 million, $0.11 per diluted share, for the three months ended March 31, 2024.
First quarter results included net favorable items of $120 million, $0.14 per diluted share, primarily due to $121 million discrete tax items, net.

After consideration of these net favorable items, first quarter 2024 adjusted net loss was $22 million, $0.03 per diluted share.

Contract drilling revenues for the three months ended March 31, 2024, increased sequentially by $22 million to $763 million, primarily due to increased activity for rigs that returned to work or were fully active this quarter after undergoing contract preparation, higher dayrate and higher reimbursable revenue. This was partially offset by lower revenue efficiency across the fleet, particularly on Deepwater Titan which experienced significant unscheduled downtime related to its blowout preventer, and one less day in the quarter. Deepwater Titan has since resumed dayrate operations.

Contract intangible amortization represented a non-cash revenue reduction of $4 million, compared to $7 million in the prior quarter. The contract intangible assets are now fully amortized.

Operating and maintenance expense was $523 million, compared with $569 million in the prior quarter. The sequential decrease was primarily due to cost savings on rigs that were idle in the first quarter, reduced contract preparation expenses, and lower in-service maintenance cost on the operating fleet. This was partially offset by higher reimbursed expenses.

After consideration of the favorable adjustment of $10 million and $145 million in the first and fourth quarter, respectively, for the fair value of the bifurcated exchange feature related to the 4.625% exchangeable bonds, interest expense net of capitalized amounts was $127 million, compared to $142 million in the prior period. Interest income was $15 million, compared to $10 million in the previous quarter.

The Effective Tax Rate(2) was 206.0%, up from (25.0)% in the prior quarter. The increase was primarily due to changes in deferred taxes related to rig ownership changes, rig movement and contract expirations across multiple jurisdictions. The Effective Tax Rate excluding discrete items was 76.9% compared to (30.0)% in the previous quarter.

Cash used in operating activities was $86 million during the first quarter of 2024, representing a decrease of $184 million compared to cash provided by operations in the prior quarter. The sequential decrease was primarily due to increased payments that regularly occur in the first quarter of each year for payroll-related costs and interest expense.

First quarter 2024 capital expenditures of $83 million were primarily associated with the newbuild ultra-deepwater drillship Deepwater Aquila. This compares with $220 million in the prior quarter.

“Over the first months of 2024, Transocean has achieved some fairly significant milestones. First, we secured a 365-day extension on Deepwater Asgard at a rate of $505,000 per day, once again demonstrating the sustained tightness in the high-specification floater market as well as Transocean’s ability to command industry-leading dayrates,” said Chief Executive Officer Jeremy Thigpen. “Additionally, earlier this month we finalized a $1.8 billion debt refinancing transaction, enabling us to improve near-term liquidity and start the process of simplifying our balance sheet. We also completed the extension of our revolving credit facility to mid-2028, further enhancing our financial flexibility.”

Thigpen concluded, “Looking ahead, we remain encouraged by the demand outlook and expect to see numerous long-term contracts awarded over the next several months. As we work to secure those contracts, we will remain acutely focused on operational execution across our fleet, as we endeavor to maximize the conversion of our industry-leading backlog to cash.”

eastunder

04/29/24 6:25 PM

Post #15585 on Keeping It Simple

Earnings 4-26-24

MMM 4-30 B
PYPL 4-30 B
KO 4-30 B
MCD 4-30 B
SBUX 4-30 A
AMZN 4-30 A
SMCI 4-30 A

QCOM 5-1 A

AAPL 5-2 A
SQ 5-2 A
RKT 5-2 A

PLTR 5-6 A

DIS 5-7 B
BP 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A
TWLO 5-7 A
IRBT 5-7 A

SHOP 5-8 B
PERI 5-8 B
TTD 5-8 A
ABNB 5-8 A

RBLX 5-9 B

HD 5-14 B

CSCO 5-15 A

WMT 5-16 B

NVDA 5-22 A

AI 5-29 A
________________________________________________________

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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