US Stock Reports, Quotes and News
American Express\’s Q1 profits soared by 34%, fueled by increased cardmember spending and interest income growth. The company\’s revenue sources expanded, with a focus on attracting high-quality customers despite payment challenges.
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.
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.
Netflix added new customers in the first quarter, but its second-quarter revenue forecast missed market expectations of $9.54 billion late on Thursday. It also decided not to report subscriber additions and average revenue per member from the first quarter of 2025.
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.
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.
L\’Oreal\’s Q1 sales rose 9.4%, beating expectations amid U.S. and China market worries. Maybelline, Lancome brands led the 11.24 billion euros revenue. Ulta Beauty, e.l.f. Beauty, Coty faced pressure. Estee Lauder, North America, Europe impacted.
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.
In the first quarter of 2024, Sands Corporation (LVS) reported strong financial performance, bolstered by the continued growth of the Macao gaming market, which has reached $28 billion in annualized revenue. The company is optimistic about the market\’s future, projecting growth to $30 billion and beyond. With substantial investments in Macao and Singapore, Sands has positioned itself for industry-leading returns and captured high-value tourism. Despite ongoing renovations, the company achieved solid results, including a record EBITDA of $597 million in Singapore, and has increased its ownership interest in Sands China (OTC:SCHYY) to approximately 71%.
CSX Corporation (NASDAQ:CSX) reported a stable first quarter in 2024, meeting expectations despite facing several challenges such as severe weather and the collapse of the Francis Scott Key Bridge in Baltimore. The company demonstrated growth in total volume, with a 7% increase in its intermodal business compared to the previous year. Revenue remained consistent with the previous quarter, while operating margin saw improvement. CSX expressed optimism for the year ahead, focusing on safety, customer service, and cost control. The company also paid tribute to former President and CEO Jim Foote.
Crown Castle International Corp. (NYSE: NYSE:CCI) has announced its first quarter 2024 earnings, appointing Steven Moskowitz as the new President and CEO and discussing a strategic review of its fiber business. The company reported 5% organic growth, excluding the impact of Sprint Cancellations, and reaffirmed its full-year outlook with an expected 2% organic growth in site rental billings.