News: Stocks
Microsoft Q3 Earnings: A Deep Dive into a Record Quarter
Microsoft Q3 Earnings: A Deep Dive into a Record Quarter

Microsoft's latest earnings call on April 25, 2024, outlined a record-breaking third quarter, underscoring its dominance in the cloud sector and its forward leaps in AI technology. The call, led by Chairman and CEO Satya Nadella and CFO Amy Hood, presented a detailed view of the company’s financial health and strategic directions.

Microsoft's Cloud Services Propel Strong Growth in FY24 Q3 Earnings
Microsoft's Cloud Services Propel Strong Growth in FY24 Q3 Earnings

REDMOND, Wash. — April 25, 2024 — Microsoft Corporation today reported significant growth for the third quarter of fiscal year 2024, which ended on March 31. The tech giant saw its revenue jump by 17% to $61.9 billion compared to the same period last year. This increase was buoyed by a strong performance in cloud services, according to the company's latest earnings release.

Altria Reports First Quarter 2024 Results and Reaffirms Full-Year Guidance
Altria Reports First Quarter 2024 Results and Reaffirms Full-Year Guidance

Richmond, VA – April 25, 2024 – Altria Group, Inc. (NYSE: MO) today announced its financial results for the first quarter of 2024, demonstrating resilience in its traditional tobacco operations and progress in its strategic initiatives. CEO Billy Gifford highlighted the company’s momentum from the NJOY brand and reaffirmed the full-year guidance for adjusted diluted earnings per share (EPS).

S&P Global Announces Robust First Quarter 2024 Results
S&P Global Announces Robust First Quarter 2024 Results

New York, NY - S&P Global (NYSE: SPGI) has released its first quarter 2024 financial results, showcasing a record-breaking revenue of $3.491 billion, a 10% increase from the previous year. The company also experienced significant gains in GAAP net income and adjusted earnings per share, underscoring strong performance across its divisions.

Bristol Myers Squibb Reports Positive First Quarter 2024 Financial Results
Bristol Myers Squibb Reports Positive First Quarter 2024 Financial Results

Bristol Myers Squibb (NYSE: BMY) has announced a solid start to 2024 with their first-quarter financial results showing robust revenue growth and strategic advancements. Despite facing significant one-time costs due to acquisitions, the company has made notable progress in expanding its growth portfolio and pipeline.

Comcast Reports Strong First Quarter 2024 Results
Comcast Reports Strong First Quarter 2024 Results

Comcast Corporation (NASDAQ: CMCSA) kicked off 2024 with robust first-quarter results, demonstrating impressive growth in several key areas. Announced on April 25, 2024, in Philadelphia, the company continues to thrive in a highly competitive market under the leadership of Chairman and CEO Brian L. Roberts.

Honeywell Delivers Strong First Quarter 2024 Results, Surpassing Earnings Expectations
Honeywell Delivers Strong First Quarter 2024 Results, Surpassing Earnings Expectations

Honeywell International Inc. (NASDAQ: HON) kicked off 2024 with a robust first-quarter performance, meeting and exceeding the company's earlier guidance. On April 25, 2024, the company announced sales of $9.1 billion, maintaining a steady year-over-year growth of 3%. Both reported and organic sales reflected this increase, driven significantly by advancements in Aerospace Technologies and Energy and Sustainability Solutions.

Caterpillar Delivers Solid First-Quarter 2024 Results Amidst Steady Sales
Caterpillar Delivers Solid First-Quarter 2024 Results Amidst Steady Sales

Caterpillar Inc. (NYSE: CAT), a global leader in heavy machinery and equipment, announced its financial results for the first quarter of 2024 on April 25, 2024. The company reported sales and revenues of $15.8 billion for the quarter, maintaining the same level as the first quarter of 2023. This stability in revenue comes despite a lower sales volume, which was largely compensated by favorable price realization.

Merck Announces Impressive First-Quarter Financial Results for 2024
Merck Announces Impressive First-Quarter Financial Results for 2024

Merck (NYSE: MRK), also known as MSD outside the United States and Canada, reported robust financial results for the first quarter of 2024, demonstrating strong growth particularly in its oncology and vaccines sectors. The total worldwide sales reached $15.8 billion, marking a 9% increase from the first quarter of 2023. When adjusted for foreign exchange impacts, the growth rate was an impressive 12%.

Lam Research Reports Solid Financial Results for Q1 2024 and Provides Future Outlook
Lam Research Reports Solid Financial Results for Q1 2024 and Provides Future Outlook

FREMONT, Calif., April 24, 2024 – Lam Research Corporation (NASDAQ: LRCX) today announced its financial results for the quarter ended March 31, 2024, showing positive growth in revenue and earnings, and providing guidance for the upcoming quarter.

ServiceNow Delivers Strong First Quarter 2024 Results Amidst Stock Decline
ServiceNow Delivers Strong First Quarter 2024 Results Amidst Stock Decline

SANTA CLARA, Calif. — April 24, 2024 — ServiceNow (NYSE: NOW), a leader in digital workflow solutions, today reported a robust first quarter for 2024, surpassing previous guidance on all key financial metrics. Despite these positive outcomes, the company's stock price fell by 5% following the announcement.

IBM Announces First Quarter 2024 Earnings and Strategic Acquisition Amidst Stock Decline
IBM Announces First Quarter 2024 Earnings and Strategic Acquisition Amidst Stock Decline

ARMONK, N.Y., April 24, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today released its first-quarter results for 2024, highlighting significant achievements in software revenue growth and strong performance in gross margin expansion and cash generation. The company also announced a strategic acquisition of HashiCorp, Inc., aiming to enhance its capabilities in the hybrid cloud sector. Despite these positive developments, IBM shares fell by 8% following the announcement.

Meta Platforms Reports Strong First Quarter 2024 Results, With Significant Growth in Revenue and AI Development
Meta Platforms Reports Strong First Quarter 2024 Results, With Significant Growth in Revenue and AI Development

MENLO PARK, Calif., April 24, 2024 – Meta Platforms, Inc. (Nasdaq: META) today unveiled its financial results for the first quarter ended March 31, 2024, highlighting a robust start to the year with considerable revenue growth and promising advancements in AI and metaverse projects. Despite these strong results, the company's stock price fell by 15% in response to the earnings release.

CME Group Inc. Reports Record First-Quarter 2024 Financial Results Amid Market Volatility
CME Group Inc. Reports Record First-Quarter 2024 Financial Results Amid Market Volatility

CHICAGO, April 24, 2024 — CME Group Inc. (NASDAQ: CME), the world's leading and most diverse derivatives marketplace, today announced robust financial results for the first quarter of 2024. Demonstrating strong performance across multiple sectors, the company achieved record levels in adjusted net income and earnings per share as markets navigated through persistent economic and geopolitical challenges.

AT&T Reports Robust First-Quarter 2024 Earnings, Reaffirms Full-Year Guidance
AT&T Reports Robust First-Quarter 2024 Earnings, Reaffirms Full-Year Guidance

Dallas, April 24, 2024 — AT&T Inc. (NYSE: T) released its first-quarter results for 2024, demonstrating sustained growth in key areas like 5G and fiber customer additions, alongside a profitable increase driven primarily by gains in Mobility service and broadband revenues. The company’s strategic focus on expanding its connectivity services is paying dividends, reflecting in both revenue and subscriber growth.

Otis Worldwide Reports Strong First Quarter 2024 Results and Increases Full-Year Guidance
Otis Worldwide Reports Strong First Quarter 2024 Results and Increases Full-Year Guidance

Otis Worldwide Corporation (NYSE: OTIS) has announced its financial results for the first quarter of 2024, showcasing continued growth in its service sector and significant margin expansion. The company has revised its full-year outlook upwards, reflecting strong operational performance and increased confidence in its market position.

Humana Reports First Quarter 2024 Financial Results and Affirms Full Year Guidance
Humana Reports First Quarter 2024 Financial Results and Affirms Full Year Guidance

Humana Inc. (NYSE: HUM), a leading health insurance company, has released its financial results for the first quarter of 2024, which ended on March 31, 2024. The company reported a decrease in earnings per share (EPS) on a Generally Accepted Accounting Principles (GAAP) basis from the previous year, but affirmed its full-year adjusted financial outlook for 2024.

Hilton Reports Strong First Quarter 2024 Results Amidst Strategic Expansions
Hilton Reports Strong First Quarter 2024 Results Amidst Strategic Expansions

MCLEAN, VA, April 24, 2024 – Hilton Worldwide Holdings Inc. (NYSE: HLT) has announced its financial results for the first quarter of 2024, highlighting a strong performance across multiple metrics, strategic acquisitions, and a solid pipeline for future growth.

Thermo Fisher Scientific Reports Solid Start to 2024 with First Quarter Financial Results
Thermo Fisher Scientific Reports Solid Start to 2024 with First Quarter Financial Results

WALTHAM, Mass., April 24, 2024 – Thermo Fisher Scientific Inc. (NYSE: TMO), a global leader in serving science, today announced its financial outcomes for the first quarter ended March 30, 2024, revealing a consistent performance with several strategic advancements.

CoStar Group Reports Strong First Quarter 2024 Results Following Successful Monetization of Homes.com
CoStar Group Reports Strong First Quarter 2024 Results Following Successful Monetization of Homes.com

WASHINGTON, April 23, 2024 — CoStar Group, Inc. (NASDAQ: CSGP), a leader in online real estate marketplaces, analytics, and information, announced a significant rise in its Q1 2024 results, propelled by the successful monetization of Homes.com.