FMP
Our Blogs
Apr 25, 2024 7:38 AM - Davit Kirakosyan
Meta Stock Plunges 13% on Weak Q2 Revenue Outlook & AI Spending Plans
Meta Platforms (NASDAQ:META) shares dropped more than 13% in pre-market today following the company's announcement of weaker revenue guidance for the upcoming quarter and plans to significantly increase annual spending to leverage the artificial intelligence trend. The company set its revenue expect...
Apr 25, 2024 7:32 AM - Davit Kirakosyan
Monster Beverage Drops on JPMorgan Downgrade
Monster Beverage (NASDAQ:MNST) shares fell more than 2% pre-market today after JPMorgan analysts downgraded the company to Neutral from Overweight, lowering the price target from $66 to $59. The downgrade comes just before Monster Beverage's first-quarter 2024 earnings report on Wednesday, May 8th. ...
Apr 25, 2024 6:57 AM - Davit Kirakosyan
IBM Stock Drops 8% on Q1 Revenue Miss, Announces a $6.4 Billion Acquisition of HashiCorp
IBM (NYSE:IBM) outperformed earnings forecasts for the first quarter of 2024 but fell short on revenue, and concurrently, announced its acquisition of HashiCorp (NASDAQ:HCP) for $6.4 billion. The news led to a more than 8% drop in IBM’s stock in pre-market today. The company reported an earnings per...
Apr 25, 2024 6:54 AM - Davit Kirakosyan
ServiceNow Shares Drop 4% on Weak Subscription Revenue Guidance
ServiceNow (NYSE:NOW) announced first-quarter earnings with a significant increase in adjusted earnings per share (EPS) to $3.41, up from $2.37 a year earlier, beating the consensus of $3.16. Revenue also outpaced expectations, amounting to $2.60 billion compared to an anticipated $2.58 billion. The...
Apr 25, 2024 6:51 AM - Davit Kirakosyan
Ford Shares Rise 3% Following Q1 Results
Ford Motor (NYSE:F) shares climbed over 3% pre-market today following the announcement of fiscal Q1/24 earnings that surpassed expectations, although revenue slightly missed projections. The automaker reported first-quarter earnings per share (EPS) of $0.49, topping analysts' estimates of $0.42. How...
Apr 25, 2024 6:49 AM - Davit Kirakosyan
STMicroelectronics Gains 2% Despite Q1 Miss & Guidance Cut
STMicroelectronics (NYSE:STM) lowered its fiscal 2024 sales forecast following a drop in first-quarter revenue and net profit, yet its shares saw a more than 2% increase in premarket trading on Thursday. The company reported earnings per share (EPS) of $0.54 for the quarter, falling short of the exp...
Apr 24, 2024 11:54 AM - Davit Kirakosyan
Texas Instruments Shares Surge 6% Following Strong Q1 Results
Shares of Texas Instruments (NASDAQ:TXN) jumped more than 6% intra-day today following the semiconductor company's announcement of fiscal Q1/24 results that surpassed expectations. Texas Instruments disclosed earnings per share (EPS) of $1.20, exceeding the consensus forecasts of $1.07. Additionally...
Apr 24, 2024 11:52 AM - Davit Kirakosyan
Airbnb Earns an Upgrade at Mizuho
Mizuho analysts boosted their rating on Airbnb (NASDAQ:ABNB) to Buy from Neutral and increased their price target to $200 from $150. The analysts highlighted three key factors behind the upgrade: the anticipated introduction of sponsored listings, which they expect could significantly boost EBITDA ...
Apr 24, 2024 11:42 AM - Davit Kirakosyan
Visa Reports Better Than Expected Q2 Earnings
Visa (NYSE:V) announced its fiscal Q2/24 earnings and revenue that exceeded analysts' expectations. Visa reported earnings per share (EPS) of $2.51, surpassing the estimate of $2.44, and revenue of $8.78 billion, which also exceeded the forecast of $8.62 billion. During the quarter, payment volumes ...
Apr 24, 2024 11:39 AM - Davit Kirakosyan
AT&T Reports Q1 EPS Beat, But Revenues Missed
AT&T (NYSE:T) reported its first-quarter earnings that exceeded analyst expectations, despite a slight shortfall in revenue. In fiscal Q1/24, AT&T recorded an earnings per share (EPS) of $0.55, surpassing the analyst consensus of $0.53. The company's revenue for the quarter reached $30 billion, fall...
Apr 24, 2024 11:37 AM - Davit Kirakosyan
Humana Drops 5% Despite Q1 Beat
Humana (NYSE:HUM) saw its shares drop by around 5% intra-day today despite the announcement of its fiscal Q1/24 results, which surpassed analyst expectations in both earnings and revenue. The company reported an earnings per share (EPS) of $7.23 for the quarter, significantly above the consensus est...
Apr 24, 2024 11:35 AM - Davit Kirakosyan
Thermo Fisher Scientific Reports Better Than Expected Q1 Results
Thermo Fisher Scientific (NYSE:TMO) announced its first-quarter earnings and revenue that topped Wall Street forecasts. The company reported an adjusted earnings per share (EPS) of $5.11, which exceeded analyst expectations of $4.71. Its quarterly revenue also surpassed expectations, amounting to $1...
Apr 23, 2024 4:04 PM - Danny Green
Wolfe Research Targets Halliburton (HAL) with $52 Price, Foresees 34% Upside
Sam Margolin of Wolfe Research has recently set a new price target for Halliburton (HAL:NYSE) at $52, as reported by StreetInsider on April 23, 2024. This ambitious target suggests a significant potential upside of approximately 34.06% from HAL's trading price at the time of the announcement, which ...
Apr 23, 2024 11:27 AM - Davit Kirakosyan
Spotify Stock Surges 14% Following Strong Q1 Results
Shares of Spotify (NYSE:SPOT) soared over 14% intra-day today following the audio streaming giant's announcement of fiscal Q1/24 results that exceeded expectations for earnings, revenue, and gross margins. Spotify disclosed earnings per share of EUR 0.97, surpassing the anticipated EUR 0.64. The com...
Apr 23, 2024 11:24 AM - Davit Kirakosyan
Philip Morris Shares Rise 3% on Strong Q1 Results & Guidance
Philip Morris International (NYSE:PM) shares rose nearly 3% intra-day today after the company exceeded analysts' expectations for earnings and revenue in fiscal Q1/24 and raised its full-year guidance. The tobacco company announced an earnings per share (EPS) of $1.50, beating the forecast of $1.41....
Apr 23, 2024 11:22 AM - Davit Kirakosyan
General Motors Gains 4% Following Q1 Beat & Raised Guidance
General Motors (NYSE:GM) exceeded Wall Street's expectations for the first quarter of 2024, leading to a rise in its stock price by 4% intra-day today. The company reported an adjusted EPS of $2.62, beating the analyst prediction of $2.12, and posted revenues of $43.01 billion, which surpassed the a...
Apr 23, 2024 11:18 AM - Davit Kirakosyan
Cadence Reports Q1 Beat, Outlook In Line With Expectations
Cadence Design Systems (NASDAQ:CDNS) reported fiscal Q1 earnings that surpassed expectations but provided full-year guidance in line with analyst projections. The company, specializing in computational software, announced earnings per share (EPS) of $1.17, exceeding the consensus of $1.13. Revenue f...
Apr 23, 2024 11:15 AM - Davit Kirakosyan
Cleveland-Cliffs Stock Drops 7% Following Q1 Miss
Cleveland-Cliffs (NYSE:CLF) reported disappointing first-quarter results, as the company was impacted by a buyers' strike from service centers during January and February. Shares of the company dropped more than 7% intra-day today following the announcement. For Q1, the steelmaker posted adjusted ea...
Apr 23, 2024 11:05 AM - Stuart Mooney
Spotify's Price Target Raised to $400 by Pivotal Research
On April 23, 2024, Jeffrey Wlodarczak of Pivotal Research significantly raised the stakes for Spotify (SPOT:NYSE) by setting a new price target of $400, up from its then-current price of $305.56. This bold move, as reported by StreetInsider, suggests a strong belief in Spotify's growth potential, fo...
Apr 23, 2024 11:03 AM - Andrew Wynn
NextEra Energy (NEE) Rating Updated to Neutral by Bank of America Securities
On Tuesday, April 23, 2024, Bank of America Securities updated its rating on NextEra Energy (NEE:NYSE) to Neutral, maintaining a hold position. This adjustment was announced with the stock priced at $66.6. Further details on this update can be found through their analysis titled "NextEra Energy (NEE...
