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Meta, IBM sink on earnings, American Airlines and Caterpillar report: Yahoo Finance

Meta, IBM sink on earnings, American Airlines and Caterpillar report: Yahoo FinanceShares of Meta (META) are deep in the red this morning despite the company beating earnings expectations. Investors were spooked by the tech giant’s second-quarter outlook. IBM (IBM) shares are also falling this morning after reporting first-quarter revenue that missed expectations. Today we will hear from several top names, including American Airlines (AAL), Caterpillar (CAT), Merck (MRK), Royal Caribbean (RCL), Microsoft (MSFT), Alphabet (GOOGL, GOOG), Intel (INTC), and Roku (ROKU). Yahoo Finance trending tickers include Chipotle (CMG), ServiceNow (NOW), and Ford (F). Key guests include: 9:30 a.m. ET - Ryan Detrick, Carson Group Chief Market Strategist 9:45 a.m. ET - Jack Hartung, Chipotle CFO 10 a.m. ET - Roger McNamee, Elevation Partners Co-Founder 10:10 a.m ET - Glenn Kelman, Redfin CEO 11 a.m. ET - Glenn Kelman, Redfin CEO

Yahoo Finance Video 1 hour ago

AAL

IBM

NOW
Biden has a favorite stop when he hits the road: chipmaking plants

Visiting chipmakers has become one of President Biden's most common reasons for getting on the road. He will do so again Thursday as he travels to Syracuse to award Micron $6 billion in federal money.

Yahoo Finance 4 hours ago

IBM

INTC

MU
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 15 hours ago

CMG

MCD
Expect 'growing pains' in the EV sector: Analyst

EV adoption hasn't been as high as many automakers had hoped, but they are still pushing towards a future with EVs and self-driving vehicles. How can the auto sector ignite demand and what is ahead for the space in the near and long term? The Futurum Group Research Director Olivier Blanchard joins Market Domination to discuss the shift in focus for automakers to make EVs and hybrids. Blanchard lays out one of the current issues with the EV market, causing slower adoption among consumers: "Currently the EV market and the automotive market for software-defined vehicles and EVs, simultaneously, is a little skewed on the side of more expensive models, and consumers are just kind of worried about that kind of spending right now. Things are expensive. Obviously, there's inflation. There's a little bit of price gouging and people are a little bit closer to their budgets and so what we're seeing is a reluctance to buy EVs for two reasons. One, most are still a little above the price point that the average consumer for a mainstream adoption of EVs is comfortable with and the other one is fear about charging and infrastructure, about the serviceability of the vehicles, and also about the long-term resale of these vehicles once the batteries and the technologies on board have a few years on them." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino

Yahoo Finance Video 15 hours ago

F

TSLA
IBM earnings top estimates, acquiring HashiCorp for $6.4B

IBM (IBM) reported first quarter operating earnings of $1.68 compared to estimates of $1.59. Revenue of $14.46 billion was just shy of expectations of $14.5 billion. The tech giant also announced it was buying HashiCorp (HCP) for $35 per share, or about $6.4 billion, in a bid to boost its cloud-based offerings. Yahoo Finance's Julie Hyman and Josh Lipton 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. This post has been updated to reflect a more accurate revenue estimate.

Yahoo Finance Video 16 hours ago

IBM

HCP
Microsoft to report Q3 revenue as Wall Street looks for AI growth

Microsoft will report its Q3 earnings after the bell Thursday, as investors look for AI growth.

Yahoo Finance 18 hours ago

GOOG

AMZN

MSFT
EU court adviser backs data privacy activist Schrems in Meta fight

Austrian privacy activist Max Schrems on Thursday received backing from an adviser to Europe's top court in his fight against Meta Platforms over personalised advertising based on processing of personal data. The adviser's opinion is non-binding, but judges at the Luxembourg-based Court of Justice of the European Union (CJEU), follow the majority of such recommendations. Schrems, who has repeatedly sued Meta for alleged breaches of the EU's privacy law known as the General Data Protection Regulation (GDPR), took his grievance to an Austrian court, saying he regularly received advertisements directed at homosexuals.

Reuters 5 minutes ago

META
Union Pacific's first-quarter profit creeps up 1% as railroad limits expenses

Union Pacific's first-quarter profit crept 1% higher as the railroad tightened up on expenses — particularly its fuel bill — even though it delivered slightly less freight. Shipping volume was down 1% in the quarter. "These results build on the momentum we established as we exited 2023 and provide further proof of what's possible as we strive to be the best in safety, service and operational excellence,” CEO Jim Vena said.

Associated Press Finance 9 minutes ago

UNP
Dow Jones Futures Dive 450 Points On Weak GDP Data; Meta Plunges On Earnings

Stock Market Today: Dow Jones futures dived 450 points on GDP data. Meta stock plunged on earnings, while Google and Microsoft report next.

Investor's Business Daily 14 minutes ago

^DJI

GOOG

^RUT
Hertz Global Holdings Inc (HTZ) Faces Financial Headwinds in Q1 2024, Misses Analyst Estimates

Detailed Analysis of Hertz's Earnings Report and Future Outlook

GuruFocus.com 17 minutes ago

HTZWW
Pepsi Tops Estimates Despite A Weakened Domestic Market

On Tuesday, Pepsi Co Inc (NASDAQ: PEP) showed it managed to navigate weaker U.S. demand that was the result of Quaker Oats recalls and backlash to higher prices for its drinks and snacks. But despite delivering better than expected earnings and revenue for its first quarter, Pepsi shares dipped about 2% upon the report as Wall Street watched at other things, such as a struggling domestic market. First quarter highlights For the quarter ended on March 23rd, Pepsi reported that revenue grew 2.3% t

Benzinga 20 minutes ago

PEP

MSFT

KO
S&P Futures Lower After First-Quarter GDP Estimate

Stock futures fell after data showed that U.S. economic growth slowed in the first quarter. The Nasdaq-100 posted the biggest losses as Meta dragged down the wider tech sector.

The Wall Street Journal 21 minutes ago

META
Nasdaq’s Profit Falls as Shaky Economy Keeps IPO Revival Elusive

(Bloomberg) -- Nasdaq Inc.’s profit fell for the first time in a year as firms continue to wait for the economy to stabilize before going public. Most Read from BloombergMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience as Meta’s AI Push Spooks InvestorsMeta’s Miss Sparks Fears in Tech With More Earnings AheadHow to Get a Meeting With the UAE’s $1.5 Trillion ManEarnings

Bloomberg 25 minutes ago

NDAQ
Q1 2024 Ford Motor Co Earnings Call

Q1 2024 Ford Motor Co Earnings Call

Thomson Reuters StreetEvents 28 minutes ago

F
Cancer drugs help drive AstraZeneca sales sharply higher

Shares in the Cambridge-based company jumped by 5% in early trading.

PA Media: Money 31 minutes ago

AZN
Chipotle Tells Staff to Skip Chicken as Demand Surges

(Bloomberg) -- Chipotle Mexican Grill Inc. is telling its employees not to include chicken in their own meals, as surging customer demand has crimped supply.Most Read from BloombergMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience as Meta’s AI Push Spooks InvestorsMeta’s Miss Sparks Fears in Tech With More Earnings AheadHow to Get a Meeting With the UAE’s $1.5 Trillion M

Bloomberg 32 minutes ago

CMG
American Airlines Q1 2024 Earnings: Misses EPS Estimates Amidst Record Revenue

Insights into American Airlines' Financial Health and Strategic Adjustments

GuruFocus.com 34 minutes ago

AAL
Nasdaq Inc (NDAQ) Q1 2024 Earnings: Mixed Results Amidst Strategic Growth Initiatives

Performance Diverges from Analyst Expectations with Strong Revenue but Lower EPS

GuruFocus.com 36 minutes ago

NDAQ
Newmont Corp (NEM) Q1 2024 Earnings: Aligns with EPS Projections, Surpasses Revenue Forecasts

Robust Operational Performance and Strategic Asset Monetization Highlight the Quarter

GuruFocus.com 37 minutes ago

NEM
Comcast Corp (CMCSA) Q1 2024 Earnings: Steady Growth Amid Market Challenges

Comcast Delivers on Key Financial Metrics, Aligning Closely with Analyst Expectations

GuruFocus.com 37 minutes ago

CMCSA

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Return	8006.HK	HANG SENG INDEX
YTD	-8.82%	+1.39%
1-Year	-17.11%	-13.40%
3-Year	-50.95%	-40.56%

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Related News

Meta, IBM sink on earnings, American Airlines and Caterpillar report: Yahoo Finance

Biden has a favorite stop when he hits the road: chipmaking plants

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

Expect 'growing pains' in the EV sector: Analyst

IBM earnings top estimates, acquiring HashiCorp for $6.4B

Microsoft to report Q3 revenue as Wall Street looks for AI growth

EU court adviser backs data privacy activist Schrems in Meta fight

Union Pacific's first-quarter profit creeps up 1% as railroad limits expenses

Dow Jones Futures Dive 450 Points On Weak GDP Data; Meta Plunges On Earnings

Hertz Global Holdings Inc (HTZ) Faces Financial Headwinds in Q1 2024, Misses Analyst Estimates

Pepsi Tops Estimates Despite A Weakened Domestic Market

S&P Futures Lower After First-Quarter GDP Estimate

Nasdaq’s Profit Falls as Shaky Economy Keeps IPO Revival Elusive

Q1 2024 Ford Motor Co Earnings Call

Cancer drugs help drive AstraZeneca sales sharply higher

Chipotle Tells Staff to Skip Chicken as Demand Surges

American Airlines Q1 2024 Earnings: Misses EPS Estimates Amidst Record Revenue

Nasdaq Inc (NDAQ) Q1 2024 Earnings: Mixed Results Amidst Strategic Growth Initiatives

Newmont Corp (NEM) Q1 2024 Earnings: Aligns with EPS Projections, Surpasses Revenue Forecasts

Comcast Corp (CMCSA) Q1 2024 Earnings: Steady Growth Amid Market Challenges

Performance Overview