ALTAX INTERNATIONAL GROUP: STRUCTURE
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Monitor This Psychological Price Level [...]
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NurPhoto / Contributor / Getty Images Key TakeawaysGE HealthCare Technologies reports first-quarter earnings before the opening bell Tuesday.Analysts expect GE HealthCare to report year-over-year increases in revenue and net income.In its report for the prior quarter, GE HealthCare suggested it could stand to benefit from its investments in artificial intelligence.The recent completion of General Electric's three-way split could also draw attention to how GE HealthCare has fared since it was spun off from GE last year. GE HealthCare Technologies (GEHC) reports first-quarter earnings Tuesday ahead of market open, days after fellow former General Electric units GE Aerospace (GE) and GE Vernova (GEV) reported earnings for the first time as standalone companies.Analysts expect the medical device manufacturer's revenue and income to rise from the first quarter of 2023, projecting the company to post $4.81 billion in revenue, along with $391.52 million in net income for diluted earnings per share (EPS) of [...]
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GDP Data Highlighted The Possibility, But Economists Say It's Unlikely [...]
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Julian Stratenschulte / picture alliance / Getty Images After Google parent Alphabet (GOOGL) reported first-quarter results Thursday that blew past analysts' estimates, executives spoke in its earnings call about how the company expects to expand artificial intelligence (AI) capabilities across its products, as well as its decision to pay out a dividend to shareholders for the first time.AI efforts also boosted Microsoft's (MSFT) earnings Thursday, with investors likely eager to see what impact the technology will have on Amazon's (AMZN) earnings next week.Positioned for 'Next Wave' of AIAI was a key focus of the call, as Google and Alphabet CEO Sundar Pichai spoke at length about Google's AI plans, from the continued development of Gemini, Google's most capable AI model, to how generative AI could change Google Search.Pichai said the company has "the best infrastructure for the AI era," as Google has already been investing in AI for years. He [...]
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David Paul Morris / Bloomberg / Getty Images Key TakeawaysHertz Global Holdings announced it was cutting its EV fleet by another 10,000 and took a $195 million charge in the first quarter.That charge was part of a $588 million increase in vehicle depreciation, leading to a per-share loss that was more than double estimates.In January, the company took a $245 million charge as it moved to shed 20,000 EVs.Hertz shares fell 19% on Thursday. Hertz Global Holdings (HTZ) shares cratered after the rental car giant said it will incur an additional $195 million cost from its unsuccessful effort to switch over to electric vehicles (EVs), leading to a huge first quarter loss.Hertz reported that it had increased its prior plans to slash its fleet of EVs by an additional 10,000, incurring the new charge for writing down the value of the EVs it planned to sell. In January, the company [...]
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Omar Marques / SOPA Images / LightRocket / Getty Images Key TakeawaysShares of Microsoft-backed Rubrik jumped more than 15% to $37 in the cybersecurity company's first day of trading on the New York Stock Exchange Thursday under the ticker "RBRK."The company had priced its shares at $32 apiece in its initial public offering (IPO), above its expected range of $28 to $31.Rubrik offers secure data for enterprise customers across cloud and Software as a Service (SaaS) applications powered by machine learning (ML) and artificial intelligence (AI).The company's customers include AI leaders like Microsoft, Oracle, and Amazon Web Services.Rubrik is the latest company to go public amid a flurry of IPOs, including Reddit, Astera Labs, and Ibotta. Shares of Rubrik (RBRK), a cybersecurity company backed by Microsoft (MSFT), surged more than 15% to $37 in their first day of trading on the New York Stock Exchange (NYSE) Thursday. Rubrik is the latest company to go [...]
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Investopedia Key TakeawaysThe S&P 500 slipped 0.5% on Thursday, April 25, 2024, as data showed a slowdown in economic growth and an uptick in inflation in the first quarter.Shares of Meta Platforms tumbled as the social media giant forecast higher AI-related expenses.Newmont shares moved higher after the miner beat quarterly estimates, boosted by strong production and high gold prices. Major U.S. equities indexes tumbled as data showed a slowdown in economic growth and an uptick in inflation in the first quarter. The combination of sluggish growth and persistent inflation added to uncertainty surrounding if and when the Federal Reserve will decide it's appropriate to lower interest rates. The S&P 500 fell 0.5% on Thursday, while the Dow and the Nasdaq were down 1% and 0.6%, respectively.Meta Platforms (META) shares suffered Thursday's heaviest losses in the S&P 500, plunging 10.6% following the social media giant's first-quarter 2024 earnings report. Although Meta [...]
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SOPA Images / Contributor / Getty Images Key TakeawaysIntel shares sank in after-hours trading following disappointing second-quarter revenue guidance.The chipmaker reported better-than-expected earnings and revenue for the first quarter.Revenue gains were driven by growth in its personal computing, data center, and AI segments. Foundry revenue fell 10% year-over-year. Intel (INTC) stock dropped more than 9% in after-hours trading despite topping revenue and earnings estimates for the first three months of the year after issuing weaker-than-anticipated revenue guidance for the second quarter.The company reported a loss of $437 million, or 9 cents per diluted share, in the first quarter, an 86% smaller loss than in the year-ago quarter and better than analyst estimates of a $454.86 million, or 13 cent-per-share, loss.Adjusted earnings, which don't include items such as share-based compensation and restructuring charges, came in at $759 million, or 18 cents per diluted share, also better than estimates.“Q1 revenue was in line with [...]
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Andrej Sokolow / picture alliance / Getty Images Key TakeawaysGoogle parent Alphabet saw its shares skyrocket in extended trading Thursday after the tech giant reported first-quarter results well above expectations.The company announced its first-ever dividend of 20 cents per share, with the first payment June 17 to shareholders of record as of June 10.Alphabet's board also approved stock buybacks of up to $70 billion. Google parent Alphabet (GOOGL) saw its shares jump over 14% in extended trading Thursday as the tech giant reported first-quarter results well above analysts' expectations, as well as plans to distribute its first-ever dividend.Alphabet reported revenue rose 15% year-over-year to $80.54 billion, above analyst estimates compiled by Visible Alpha of $78.8 billion. Alphabet's profit of $23.66 billion, for diluted earnings per share of $1.89, beat estimates of $18.95 billion, or $1.51 per share.For the first time in the company's history, Alphabet's board announced the approval of [...]
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Ethan Miller / Staff / Getty Images Key TakeawaysMicrosoft shares jumped in after-hours trading Thursday after the company announced earnings that beat analysts' estimates driven by cloud revenue. The company's revenue was $61.9 billion, representing 17% year-over-year, while net income grew 20% from last year to $21.9 billion.Microsoft cloud revenue grew 23% year-over-year to $35.1 billion. Investors are watching for updates on the company's artificial intelligence (AI) initiatives and its OpenAI partnership. Microsoft (MSFT) shares rose around 5% in after-hours trading Thursday after the company reported better-than-expected third-quarter earnings driven by its cloud business.The company's revenue for the third quarter of fiscal 2024 was $61.9 billion, above analyst expectations and a 17% increase from the year-ago period. That growth came from a 23% year-over-year increase in Microsoft's cloud revenue to $35.1 billion.Net income and diluted earnings per share (EPS) were also above analysts' estimates and grew 20% from a year earlier. Q3 FY2024 [...]
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RONNY HARTMANN / Contributor / Getty Images Key TakeawaysMeta shares tumbled over 10% Thursday, a day after the company said it expects higher expenses to invest in artificial intelligence (AI), but analysts suggested it could help Meta become an long-term AI leader.The company has demonstrated some early success in monetizing AI as it reported AI-powered recommendations boosting engagement.Analysts said that Meta's increased spend could translate to long-term leadership. Meta Platforms (META) shares tumbled over 10% Thursday, a day after the company said it expects higher expenses to invest in artificial intelligence (AI), but analysts said the near-term spending could boost Meta's position in the long term.The tech giant reported first-quarter earnings after the bell Wednesday, beating analyst estimates, but the company gave a weak outlook and increased the lower end of its projected full-year expenses, sending shares lower.Some Early Success With AI MonetizationOn Meta's earnings call, CEO Mark Zuckerberg reported that [...]
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