US Stock Reports, Quotes and News
Liberty Energy (ticker: LBRT) has reported strong financial performance in the first quarter of 2024, with revenue reaching $1.1 billion and adjusted EBITDA standing at $245 million.
Netflix Inc. (NASDAQ:NFLX) announced in its Q1 2024 Earnings Interview that it will discontinue the reporting of quarterly membership and average revenue per member (ARM) data starting in 2025. This shift is due to the evolving nature of the company\’s revenue model, which now encompasses advertising and additional member features.
Intuitive Surgical, Inc. (ISRG) has reported a solid performance in the first quarter of 2024, with a 16% increase in procedure growth year-over-year. The growth was primarily driven by a rise in patient volume following the pandemic and was particularly strong in general surgery.
Hindustan Zinc Q4 Results: The PAT was, however, up on a sequential basis from Rs 2,028 crore in Q3FY24. The revenue also grew from Rs 7,067 crore reported in the previous quarter. The stock traded at Rs 397.25 on the NSE at 2:30 pm, down by Rs 7.50 or 1.85%.
Wipro Q4 Results: Wipro reported an 8% YoY decrease in net profit to Rs 2,835 crore for the quarter ended March 2024. PAT is slightly below estimates. Operating margins at 16.4%. Future outlook optimistic with a focus on AI transformation.
Sequentially PAT jumped 11% over Rs 487.92 crore posted in Q3FY24. Meanwhile, the revenue jumped 3.60% on a quarter-on-quarter basis.
Marsh McLennan (NYSE: NYSE:MMC) has delivered robust financial results for the first quarter of 2024, with significant growth in underlying revenue across all business segments. The company reported a 9% increase in underlying revenue, an 11% rise in adjusted operating income, and a 14% growth in adjusted EPS. Additionally, Marsh McLennan completed $300 million in share repurchases and made strategic acquisitions to enhance its market position. The firm\’s insurance and reinsurance market conditions remained stable, with rate increases in primary insurance and reinsurance markets meeting the higher demand. Looking ahead, Marsh McLennan forecasts continued mid-single-digit or better underlying revenue growth, margin expansion, and strong adjusted EPS growth for the full year.
Forestar Group Inc . (NYSE:FOR) reported a robust performance in its second quarter, with a significant increase in net income and consolidated revenues. The company\’s net income rose by 67% to $45 million, while consolidated revenues grew by 11% to $333.8 million. The number of lots sold also saw a 10% increase, reaching 3,289.
First Industrial Realty Trust (NYSE: NYSE:FR), a leading player in the industrial real estate sector, has reported a strong performance in the first quarter of 2024. The company has successfully signed two major development leases and is making notable progress on its 2024 renewals. With a disciplined industrial market, First Industrial Realty Trust has seen a significant cash rental rate increase and is on track to meet its full-year sales guidance. Adjustments to same-store leasing assumptions have been made in light of economic uncertainty. The company has also provided an updated outlook for funds from operations (FFO) and expects solid growth in same-store net operating income (NOI).
FNB Corporation (NYSE: FNB) has reported a strong first quarter, with operating earnings per share at $0.34 and operating net income of $123 million. The company has seen significant growth in its loan and deposit portfolios, along with a nearly record level of non-interest income, thanks to its strategic investments and geographic expansion. FNB\’s asset quality metrics remain robust, and the company is optimistic about the second half of the year, expecting to benefit from a more favorable interest rate environment. Despite some increases in operating non-interest expense and a slight decline in net interest margin, FNB maintains its full-year guidance and continues to receive recognition for its service and performance.
Investing.com– Asian chipmaking stocks fell sharply on Friday after sector major TSMC flagged a weak outlook for the semiconductor industry, even as demand from artificial intelligence helped the firm clock stronger first-quarter earnings.
Infosys (NS:INFY) announced a robust performance for Q4 FY24, with a net profit of INR 7,975 crore, marking a significant 30% YoY increase. Despite challenges, the company reported a 1.3% YoY growth in revenue, reaching INR 37,923 crore.