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Chipotle blows by earnings estimates as resilient foot traffic, margin expansion boost Q1 results

Chipotle posted another strong quarter against a difficult macro backdrop.

Yahoo Finance 19 minutes ago

CMG
Meta stock falls on disappointing Q2 revenue outlook

Meta Platforms (META) reported first quarter earnings of $4.71 per share, well above analyst estimates of $4.30. Revenue was about in line with expectations, $36.46 billion compared to the $36.12 billion estimate.  For the second quarter, the social media giant sees revenue of $36.5 billion to $39 billion. Analysts were expecting $38.24 billion of revenue in the quarter, which means the midpoint of the range is a disappointment to the Street. Yahoo Finance's Julie Hyman, Josh Lipton, Josh Schafer, and Alexandra Canal break down the results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.

Yahoo Finance Video 49 minutes ago

META
Boeing needs to 'think about their next airplane': Analyst

Boeing shares (BA) are still down ahead of Wednesday's session close after it reported its first-quarter earnings results this morning. Topping revenue estimates by posting $16.57 billion, the aerospace manufacturer narrowed its forecasted losses per share to $1.13. Boeing is juggling priorities as it wades through a deluge of issues brought on by concerns over its manufacturing quality and numerous federal probes. Melius Research Managing Director of Aerospace, Defense & Space Robert Spingarn joins Market Domination to lay out why Boeing is looking "a little bit more complex of a recovery story" than previously forecasted. "The two most important things are the 737 and 787 production rates. Those are the two cash cows in the commercial airplane business and they need to stabilize those aircraft programs and raise those rates to generate cash," Spingarn explains. "Then they have to improve the defense business, and that did come in a little better than expected today, so that was one of the positives. But it's still a negative cash flow business and it's got to swing to positive by 2026 in order to hit that $10 billion number." Spingarn also touches on Boeing's bid to acquire Spirit Aerosystems (SPR) For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 1 hour ago

BA

SPR
Summer travel: Could Boeing's issues impact airfare costs?

Boeing (BA) has faced a litany of issues including a mid-air incident on an Alaska Airlines flight in January, production challenges, and backed-up delivery orders. With a backlog of jets yet to be produced for airlines, these problems will easily trickle down to impact consumers directly, as they gear up for the summer's peak travel season. Yahoo Finance's Seana Smith breaks down Boeing's troubles and what consumers need to know before they book their next big trip. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino

Yahoo Finance Video 4 hours ago

BA
Boeing, Spirit Aerosystems deal could be turnaround it needs

Boeing's (BA) issues continue to mount as the aerospace manufacturer grapples with shrinking orders, a growing backlog of orders it needs to fulfill, and more, according to its first-quarter earnings report. In the wake of the mid-air incident in January that sparked multiple investigations into Boeing's 737 Max jetliner by federal regulators, the company faces a PR setback from consumers and travelers unsure whether to trust its aircraft. Stifel Senior Research Analyst Bert Subin joins The Morning Brief to discuss Boeing's potential deal with Spirit Aerosystems (SPR) and how that can potentially turn things around for Boeing. "The reality is Boeing's number one issue has been sort of getting its arms around quality and a supply chain, and Spirit is a huge part of that. And there have been quality lapses in recent years," Subin tells Yahoo Finance. "And so by acquiring Spirit, you can better integrate... vertically the supply chain and give the customers and the regulators greater confidence that you're going to produce the highest quality product every time. And so from that perspective, I think it's really important for reputation and for showing an actionable step toward improving the business." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino

Yahoo Finance Video 6 hours ago

BA

SPR
AT&T adds more subscribers than expected, stock pops

Shares of AT&T (T) are trading higher at Wednesday's open after the company revealed it added more wireless phone subscribers than expected in the first quarter. The telecommunications giant added 349,000 new postpaid phone connections, outperforming analysts' expectations of 304,000 additions. Yahoo Finance's Seana Smith and Brad Smith break down the details, providing insights into AT&T's growth despite increased competition. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

Yahoo Finance Video 7 hours ago

T

T-PA
Meta, IBM, AT&T, Boeing, Ford report earnings: What to Watch

Multiple earnings are to be released on Wednesday including: Meta (META), IBM (IBM) , ServiceNow (NOW), AT&T (T) , Boeing (BA), Chipotle (CMG), Ford (F), Hilton (HLT), and Hasbro (HAS) Economic data in the form of durable foods for March will be released on Wednesday. Current estimates are around 2.6% for March, double the number from February. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino

Yahoo Finance Video 23 hours ago

META

T

T-PA
Meta shares sink as AI doubts rise

Shares in Meta plunged on Wednesday after the US tech giant revealed plans to increase spending on artificial intelligence (AI) technology.

The Telegraph 5 minutes ago

META
CPKC announces results of director elections

Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced the results of the 2024 annual meeting held earlier today, including the election of all 11 nominees listed in the management proxy circular dated March 21, 2024, as directors of CPKC.

CNW Group 8 minutes ago

CP
Dow Jones Futures Fall As Meta Dives On Guidance; Chipotle Eyes Buy Point

The rally attempt paused Wednesday as Nvidia reversed lower. Meta, Chipotle and ServiceNow led key earnings late.

Investor's Business Daily 15 minutes ago

META

^DJI

^GSPC
Boeing Earnings Beat, But BA Stock Hits More Turbulence

Boeing earnings Wednesday weren't as bleak as feared, but the Dow Jones giant still lost altitude on the slow production recovery.

Investor's Business Daily 19 minutes ago

BA
IBM To Acquire HashiCorp. For $6.4 Billion; Shares Fall As Company Reports Q1 Results

IBM stock slipped after the computing giant reported first quarter earnings ahead of expectations, with sales slightly below.

Investor's Business Daily 24 minutes ago

IBM

HCP
Meta Projects Higher Spending, Weaker Revenue Amid AI Push

(Bloomberg) -- Meta Platforms Inc. increased its spending estimates for the year and projected second quarter sales that were below Wall Street’s expectations, once again raising questions about whether its futuristic technological bets will eventually pay off for investors.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Gi

Bloomberg 29 minutes ago

META
Meta Stock Drops After Earnings. The Facebook Parent Is Spending More on AI.

The parent of Facebook and Instagram ratcheted up its spending plans as it continues to invest in AI software and services.

Barrons.com 35 minutes ago

META
AT&T Earnings, Free Cash Flow, Wireless Subscriber Adds Beat Views

AT&T stock climbed after Q1 earnings fell from a year earlier but topped estimates. Revenue slightly missed.

Investor's Business Daily 38 minutes ago

T
Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours

Facebook and Instagram parent company Meta said Wednesday its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms.

Associated Press Finance 39 minutes ago

META
Chipotle Boosts Full-Year Outlook as Diner Demand Stays Hot

(Bloomberg) -- Chipotle Mexican Grill Inc. lifted its full-year outlook as limited-time offers such as chicken al pastor helped boost demand.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapTesla Soars as Musk’s Cheaper EVs Calm Fears Over StrategyThe burrito chain n

Bloomberg 41 minutes ago

CMG
Chipotle Is Selling Lots of Burritos. Earnings Beat High Expectations.

Chipotle Mexican Grill posted first-quarter earnings and sales that beat Wall Street expectations, lifting the stock by 2.2% in after-hours trading on Wednesday. The consensus call among Wall Street analysts surveyed by FactSet was for $11.69 in EPS and $2.68 billion in sales. Chipotle Mexican Grill is set to report earnings on Wednesday after the market closes.

Barrons.com 43 minutes ago

CMG
Meta Stock Slides Despite Q1 Earnings, Sales Beat

Meta stock sank late Wednesday, despite the social media giant behind Facebook and Instagram reported first-quarter earnings and sales that exceeded expectations. The company's revenue guidance came in below expectations while it raised guidance for capital expenditures. Meta Platforms said that it earned $4.71 per share on sales of $36.46 billion for the March-ending quarter.

Investor's Business Daily 47 minutes ago

META
IBM Nears Deal for HashiCorp at About $35 a Share

(Bloomberg) -- International Business Machines Corp. said it has agreed to buy HashiCorp Inc. in a transaction valuing the software company at $6.4 billion on an enterprise basis.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapTesla Soars as Musk’s Cheaper EVs Calm

Bloomberg 48 minutes ago

IBM

HCP

Performance Overview

Return	0852.HK	HANG SENG INDEX
YTD	-10.00%	+0.90%
1-Year	+48.17%	-14.32%
3-Year	-29.57%	-40.85%

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Related News

Chipotle blows by earnings estimates as resilient foot traffic, margin expansion boost Q1 results

Meta stock falls on disappointing Q2 revenue outlook

Boeing needs to 'think about their next airplane': Analyst

Summer travel: Could Boeing's issues impact airfare costs?

Boeing, Spirit Aerosystems deal could be turnaround it needs

AT&T adds more subscribers than expected, stock pops

Meta, IBM, AT&T, Boeing, Ford report earnings: What to Watch

Meta shares sink as AI doubts rise

CPKC announces results of director elections

Dow Jones Futures Fall As Meta Dives On Guidance; Chipotle Eyes Buy Point

Boeing Earnings Beat, But BA Stock Hits More Turbulence

IBM To Acquire HashiCorp. For $6.4 Billion; Shares Fall As Company Reports Q1 Results

Meta Projects Higher Spending, Weaker Revenue Amid AI Push

Meta Stock Drops After Earnings. The Facebook Parent Is Spending More on AI.

AT&T Earnings, Free Cash Flow, Wireless Subscriber Adds Beat Views

Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours

Chipotle Boosts Full-Year Outlook as Diner Demand Stays Hot

Chipotle Is Selling Lots of Burritos. Earnings Beat High Expectations.

Meta Stock Slides Despite Q1 Earnings, Sales Beat

IBM Nears Deal for HashiCorp at About $35 a Share

Performance Overview