US Stock Reports, Quotes and News
On Tuesday, Renault reported a 1.8% increase in first-quarter revenue, driven by higher sales from its financing arm due to rising interest rates, and a 2.6% increase in car sales volumes compared to the previous year.
On Friday, Netflix (NASDAQ:NFLX) received an upgrade to \’Buy\’ from \’Hold\’ by Needham, with the firm setting a new price target of $700 for the streaming giant\’s stock. The upgrade follows Netflix\’s first-quarter earnings release, which showcased a revenue of $9.4 billion, marking a 15% year-over-year increase and surpassing estimates by 1%. The company\’s GAAP earnings per share (EPS) also rose significantly by 83% year-over-year to $5.28, exceeding estimates by 18%.
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.
Profit climbed to ₹7,969 crore in the March quarter, beating ET\’s poll of ₹6,103 crore. Other income buttressed the bottom-line through what turned out to be a tough year for revenue expansion, which hit the lowest pace in a decade. Headcount shrank by about 26,000, again a rarity for India\’s technology bellwether.
(Updated – April 18, 2024 8:12 AM EDT) Infosys Limited (NS:INFY) shares plunged nearly 6% in early U.S. trading Thursday after the company missed analysts\’ fourth-quarter revenue estimates and issued downbeat guidance.
MILWAUKEE – Badger Meter, Inc. (NYSE: NYSE:BMI) announced a robust start to the year with record-breaking financial results for the first quarter ended March 31, 2024. The company reported a significant 23% increase in sales, reaching $196.3 million, compared to $159.1 million in the same quarter last year. This performance surpassed the analyst consensus estimate of $182.25 million.
Investor interest in Tesla\’s (NASDAQ:TSLA) Advanced Driver-Assistance Systems (ADAS) and autonomous driving software has surged recently, including the company’s much-debated Full Self-Driving (FSD) consumer offering and potential robotaxi services.
ICICI Securities reported a significant increase in net profit to Rs 536.53 crore for Q4FY24, with a rise in revenue and approval of a second interim dividend. Bajaj Auto also showed a 35% YoY increase in PAT.
Las Vegas Sands Corp. (NYSE:LVS) reported first-quarter earnings and revenue that topped analyst expectations.
ABB Ltd (SIX:ABBN). (ABBNY) shares jumped more than 5% in European trading Thursday after the company hiked its profitability outlook for 2024.
Investing.com – Taiwan Semiconductor (NYSE: TSM) reported first quarter EPS of $1.34, $0.04 better than the analyst estimate of $1.30. Revenue for the quarter came in at $18.24B versus the consensus estimate of $18.28B.