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Heritage Commerce Corp (HTBK)

8.34

+0.20

(+2.46%)

As of 11:07 AM EDT. Market Open.

GM product refreshes are boosting demand, pricing: CFO

General Motors (GM) reported first quarter results that topped analyst estimates on both the top and bottom lines. The automaker also raised its full-year profit outlook. GM CFO Paul Jacobson tells Yahoo Finance Executive Editor Brian Sozzi the results show that "pricing has held up very strong across the board." Jacobson credits product refreshes with both creating demand and helping to keep pricing on solid footing.  On the topic of EV adoption, Jacobson says it will remain "choppy," though sales are "holding in there pretty well" for GM. Jacobson credits "flexibility" in GM's systems that allows them to do things like produce both EVs and internal combustion engine vehicles on the same production line.  EV rival Tesla (TSLA) plans to make an announcement on its robotaxi on August 8th. GM's autonomous vehicle division, Cruise, has recently put its vehicles back on the road in Phoenix after suspending driverless operations due to safety concerns. "Just because we've paused vehicles on the road doesn't mean we've paused investment in the technology," Jacobsen says, noting the company is focused on safety and rebuilding credibility in the space. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.

Yahoo Finance Video 15 minutes ago

GM
Spotify stock swings higher on Q1 earnings, profit beats

Spotify (SPOT) shares are bumping in Tuesday pre-market trading after the music streamer topped first-quarter earnings estimates. On top of boasting gains of 0.97 euros per share and 3.64 billion euros in revenue (roughly $1.04 per share and $3.89 billion when converted to USD), Spotify reported a profitable first quarter. Yahoo Finance Media Reporter Alexandra Canal details Spotify's first-quarter figures, focusing on what leadership attributes to monthly active users (MAU) falling behind estimates. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 1 hour ago

SPOT
UPS reports shipping volume declines in Q1 profit beat

United Parcel Service (UPS) is reporting declines in its delivery volumes in its first-quarter earnings figures. While results were mixed on the postal carrier's top and bottom lines, UPS saw profits beat estimates. Morning Brief Anchors Seana Smith and Brad Smith dive into UPS's earnings while taking into account its cost-cutting strategies to offset rising labor costs. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 1 hour ago

UPS
GM, Tesla, and UPS earnings in focus: 3 Things

General Motors (GM) stock shifts into high gear in Tuesday's pre-market trading after reporting a first-quarter earnings beat, anticipating "positive variable profit" in its EV sales in its full-year guidance. Tesla (TSLA) will report earnings after Tuesday's market close. Investors will be heavily scrutinizing the EV giant's results closely after a rocky 2024 start. Lastly, United Parcel Service (UPS) tops first-quarter estimates in its top and bottom lines, reporting rising labor costs. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 1 hour ago

UPS

GM

TSLA
Here's Why Spotify Stock Jumped Today

The audio-streaming platform is setting records as subscribers pay for premium services.

Motley Fool 29 minutes ago

SPOT
Spotify Stock Jumps After Earnings Top Expectations

Spotify stock surged after the audio-streaming company swung to a first-quarter profit. Shares jumped over 14% to trade at around $312.90, putting the stock on track for its highest close since March 2021.

The Wall Street Journal 30 minutes ago

SPOT
Stock Laggards Tuesday: JetBlue, PepsiCo, Nucor

↘️ **JetBlue (JBLU)**: Shares tumbled nearly 15% in early trading after the airline sliced its 2024 revenue forecast. The carrier cited elevated capacity in its key Latin America network. ↘️ **PepsiCo (PEP)**: The maker of Lay’s and Doritos posted sales that topped analysts' projections, but its earnings disappointed.

The Wall Street Journal 36 minutes ago

CDNS

TPR

CPRI
Spotify Surges on Swing to Profit, Boost in Paid Subscribers

(Bloomberg) -- Spotify Technology SA shares surged the most in almost two years after the the audio-streaming giant reported it swung to a profit in the first quarter, as the company boosted subscribers and added new features. Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020Trump Has Only $6.8 Million for Legal Fees With Trial UnderwayZimbabwe’s ZiG Wipes Out 330% Stocks RallyElon Musk’s Robotaxi Drea

Bloomberg 37 minutes ago

SPOT
Nucor, Cleveland-Cliffs Trip Sell Signals On Earnings Misses

Nucor and Cleveland-Cliffs earnings missed Q1 estimates. NUE sold off after guiding Q2 EPS lower. CLF fell too, despite a bigger stock buyback.

Investor's Business Daily 41 minutes ago

STLD

NUE

CLF
Solar company Sunpower flags issues with financial reporting

It expects a $15 million to $25 million decrease in income from continuing operations before income taxes and some other adjustments for the year ended Jan. 1, 2023. The misstatements relate to capitalization of certain deferred costs and wrongly classified sales commissions as cost of revenue, among other things. The breach was due to a delay in filing quarterly results stemming from inventory-related issues.

Reuters 56 minutes ago

SPWR
MSCI Provides New Conference Call Dial-In Number for First Quarter 2024 Earnings Call

NEW YORK, April 23, 2024--MSCI Inc. ("MSCI" or the "Company") (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, announced an updated dial-in number for the release of the company’s first quarter 2024 financial results.

Business Wire 58 minutes ago

MSCI
Down On Its Luck Affirm Stock Gets Bearish Customer News

Affirm stock wavered Tuesday amid a report that Walmart, a key customer of the consumer financing firm, is readying its own "buy now, pay later" services.

Investor's Business Daily 58 minutes ago

AFRM

WMT
Philip Morris Reports Soaring Sales of Zyn Nicotine Pouches

Philip Morris International said it shipped 131.6 million cans of its Zyn nicotine pouches in the U.S. in the first quarter of 2024, an increase of nearly 80% compared to the same period last year. Zyn's share of the U.S. nicotine pouch category increased for the fourth consecutive quarter to more than 74%, the tobacco giant said. Zyn's volume growth contributed to the company's overall revenue increase of 11% excluding currency impacts and the impact of acquisitions, Philip Morris said.

The Wall Street Journal 59 minutes ago

PM
SunPower Slides After Disclosing Plans to Restate Earnings

(Bloomberg) -- SunPower Corp. tumbled the most in four months after disclosing plans to restate almost two years of financial results. Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020Trump Has Only $6.8 Million for Legal Fees With Trial UnderwayZimbabwe’s ZiG Wipes Out 330% Stocks RallyElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosThe rooftop solar company expects the revisions related to misclas

Bloomberg 59 minutes ago

SPWR
Philip Morris (PM) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

The headline numbers for Philip Morris (PM) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Zacks 1 hour ago

PM
GE Aerospace Surges On Earnings, Outlook After Spinoff

GE stock rallied 5% early Tuesday as GE Aerospace topped quarterly results and raised its operating profit outlook.

Investor's Business Daily 1 hour ago

GE

BA
Streaming Music Leader Spotify Tops Earnings Target In First Quarter

Streaming music leader Spotify matched estimates for subscribers in the first quarter and showed improved profitability. Spotify stock rose on the news.

Investor's Business Daily 1 hour ago

SPOT
Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

GRAND RAPIDS, Mich., April 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of 24 cents per share. This dividend is payable on May 13, 2024 to shareholders of record on May 3, 2024. About Independent Bank Corporation Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company

GlobeNewswire 1 hour ago

IBCP
+2.57%
NextEra Energy (NEE) Q1 Earnings Beat Estimates, Sales Lag

NextEra Energy (NEE) continues to benefit from Florida economy, adding 100,000 new customers to its existing volumes in the first quarter. Earnings per share are better than expectation.

Zacks 1 hour ago

NEE

FE
PepsiCo Boosted by International Growth as US Sales Drop

(Bloomberg) -- PepsiCo Inc. posted stronger-than-expected sales growth thanks to robust demand in its international divisions, while volumes dropped in North America.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020Trump Has Only $6.8 Million for Legal Fees With Trial UnderwayZimbabwe’s ZiG Wipes Out 330% Stocks RallyElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosThe owner of Mountain Dew sodas and

Bloomberg 1 hour ago

PEP

Performance Overview

Return	HTBK	S&P 500
YTD	-14.59%	+6.06%
1-Year	+9.48%	+22.39%
3-Year	-16.85%	+22.35%

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Related News

GM product refreshes are boosting demand, pricing: CFO

Spotify stock swings higher on Q1 earnings, profit beats

UPS reports shipping volume declines in Q1 profit beat

GM, Tesla, and UPS earnings in focus: 3 Things

Here's Why Spotify Stock Jumped Today

Spotify Stock Jumps After Earnings Top Expectations

Stock Laggards Tuesday: JetBlue, PepsiCo, Nucor

Spotify Surges on Swing to Profit, Boost in Paid Subscribers

Nucor, Cleveland-Cliffs Trip Sell Signals On Earnings Misses

Solar company Sunpower flags issues with financial reporting

MSCI Provides New Conference Call Dial-In Number for First Quarter 2024 Earnings Call

Down On Its Luck Affirm Stock Gets Bearish Customer News

Philip Morris Reports Soaring Sales of Zyn Nicotine Pouches

SunPower Slides After Disclosing Plans to Restate Earnings

Philip Morris (PM) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

GE Aerospace Surges On Earnings, Outlook After Spinoff

Streaming Music Leader Spotify Tops Earnings Target In First Quarter

Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

NextEra Energy (NEE) Q1 Earnings Beat Estimates, Sales Lag

PepsiCo Boosted by International Growth as US Sales Drop

Performance Overview