US Stock Reports, Quotes and News
Simpson Manufacturing Company (SSD) has reported a mixed set of results for the first quarter of 2024. The company saw a slight decline in net sales, which totaled $530.6 million. Despite a relatively stable U.S. housing market, North American volumes grew by 8%, contrasting with a 3.4% decrease in European net sales.
SAP SE (ETR:SAPG) (SAP) reported a robust start to 2024, with its first-quarter earnings showcasing a significant surge in cloud revenue and backlog, alongside a healthy increase in operating profit. The company's cloud revenue climbed by 25% to EUR 3.9 billion, while the current cloud backlog expanded by 28% to a record EUR 14.2 billion. Operating profit rose by 19% to EUR 1.5 billion, reflecting strong performance across various regions and a strategic focus on cloud and AI-driven growth.
Netflix (NASDAQ:NFLX) stock is overvalued. That\’s the opinion of analysts at Benchmark, who maintained a Sell rating and $440 price target on the streaming giant\’s shares in a note Thursday, heading into the company\’s earnings release.
Investing.com — CSX reaffirmed its full-year outlook on Wednesday after first-quarter results topped analysts\’ estimates even as the railroad company experienced a drop in profit amid lower margins.
Serve Robotics Sees IPO of 8.89m Shares at $4.50 a Share. Offering of $40m shares. Company to list on the Nasdaq under ticker “SERV”.