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🔴WATCH LIVE: Meta Platforms Q1 2024 Earnings Call | $META: Benzinga Live on X (Twitter)
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Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
EXCLUSIVE: Virax Biolabs Launches Immune Profiling Solutions To Evaluate Adaptive Immunity In Post-Viral
benzinga.com/general/biotech/24/04/38427763/exclusive-virax-biolabs-launches-immune-profiling-solutions-to-evaluate-adaptive-immunity-in-post
US Stocks Brace For Negative Start Amid Tech Earnings Disappointments, Caution Ahead Of Data: 'Worst Of This Two-Week Decline Is Behind Us ... Show more
$CMG | Chipotle Mexican Grill Q1 Earnings: Revenue Beat, EPS Beat, Comparable Sales Up 7% And More
Chipotle says first-quarter revenue increases 14 ... Show more
Quick Glance: Chipotle lifts annual sales forecast despite uncertainties
- Chipotle raised its full-year sales forecast due to resilient demand for burritos and rice bowls despite higher menu prices.
- The company anticipates mid-to-high-single digit percentage growth in comparable restaurant sales for 2024.
- Chipotle implemented price hikes to protect its profit margin from increased ingredient costs like beef and avocados.
- Chipotle's adjusted profit in the first quarter came in at $13.37 per share, surpassing estimates of $11.68.
$F | Ford Q1 Earnings Highlights: Automaker Beats Street Estimates, Guidance Improves, EV Revenue Falls 84%
Ford reports first-quarter revenue of $42 ... Show more
TikTok Fights Back, 'We Aren't Going Anywhere': What's Next For Users?President Biden's signing of legislation puts TikTok under scrutiny ... Show more
Caitlin Clark is set to sign an 8-year $28 million deal with Nike $NKE, including a signature shoe.
This is the biggest sponsorship contract for a women's ... Show more
Quick Glance: Caitlin Clark Secures Groundbreaking Contract with Nike After WNBA Salary Criticism
- Following public criticism of Caitlin Clark's modest WNBA rookie salary, she secured an impressive deal with Nike.
- As the top pick in the 2024 WNBA Draft, she landed a long-term agreement with the athletic footwear and apparel brand, including a signature shoe.
- This partnership represents the largest sponsorship deal for a female basketball player.
$META | Meta CEO Mark Zuckerberg: 'More Than 50% Of The Content People See On Instagram Is Now AI Recommended'
Zuckerberg made this revelation during Meta’s ... Show more
$META | Meta: 'We anticipate our full-year 2024 capital expenditures will be in the range of $35-40 billion, increased from our prior range of $30-37 billion ... Show more
Benzinga Pro is the best investment research software and breaking stock market news. Here's a 14-day, risk-free trial. (No credit card required.) Show more
Quick Glance: Current Stock Market Trends: Dow, S&P Updates for April 24
- Major tech giants experienced a downturn in late hours following disappointing forecasts from Meta Platforms Inc., raising concerns about the stock market's trajectory.
- Before the results, the broader market struggled to gain momentum as traders prepared for economic data that will influence views on the Federal Reserve's next moves.
- Investors withdrew around $200 million from value-based ETFs this month, while growth stocks attracted over $3 billion in inflows.
- JPMorgan Chase & Co. is signaling a clear buy indication for US stocks after reaching a threshold that typically precedes above-average gains.
ATHLETES & INVESTORS CONVERGE AT THE 2024 NFL DRAFT: Join us live in Detroit for the 2024 NFL Draft event, where you’ll uncover how athletes are pioneering ...
benzinga.com/nfldraft/
Join us at the Sports Business Titans event on April 25th in Benzinga's Detroit office!
Meet the change-makers who are transforming the industry ... Show more @calvinjohnsonjr @GosderCherilus @Jwangles2
$LMT | Lockheed Martin Reports Q1 Earnings Beat, But Margin Concerns Remain: Analysts Dive Into Results, Outlook
Lockheed Martin’s Q1 EPS of $6 ... Show more
$GM | 4 General Motors Analysts Confirm Strong EV Strategy: 'Capital Allocation Will Remain A Tailwind'
"Margins can remain resilient ... Show more
$SMCI | AI Server Market Is Expanding Rapidly - Analysts Highlight Super Micro Computer's Importance In The Game
Keybanc initiates Super Micro with a Sector ... Show more
Calvin Johnson Joins Benzinga Sports Business Titans Conference: How To Convert Sports Excellence Into Co
benzinga.com/general/sports/24/04/38409990/calvin-johnson-joins-benzinga-sports-business-titans-conference-how-to-convert-sports-excellence-i
$TSLA | 8 Tesla Analysts Size Up Next-Gen Vehicles, FSD, AI And More: 'Potential To Be A Transformational Technology Company ... Show more
Mark Zuckerberg revealed that Meta's massive $1 billion bet on Nvidia's H100 GPUs was originally meant to be used to help make Instagram Reels better ... Show more
Live Trading With Benzinga + All-Access | April 24th, 2024: Benzinga Live on X (Twitter)
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Nasdaq Futures Get A Lift From Tesla, Texas Instruments Earnings: Analyst Points To Key Catalyst For Boosting Rally
Late-last week ... Show more @fundstrat
$HAS | Hasbro Q1 Earnings:
- Adj $0.61 (Est. $0.27) 🟢
- Sales $757.30M (Est. $738.61M) 🟢
- Sees FY24 Consumer Products Segment Revenue Decline Of 7% - 12%
$BSX | Boston Scientific Q1 Earnings:
- Adj EPS $0.56 (Est. $0.51) 🟢
- Sales $3.856B (Est. $3.685B) 🟢
- Forecasts Net Sales Growth For 2024 Of 11%-13% On ... Show more
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Quick Glance: NFL - Top-5 Earners per Position: Amon-Ra St. Brown Leads the Way
- The NFL showcases the top-5 earners per position based on average annual salary.
- Quarterbacks top the ranking, followed by Running Backs, Fullbacks, Wide Receivers, and Tight Ends.
- Other positions such as Offensive Tackle, Guard, Center, Defensive End, Defensive Tackle, Outside Linebacker, Inside Linebacker, Cornerback, Safety, Kicker, Punter, and Long Snapper were also listed.
- The list highlights the high salaries of the top players in the NFL for their respective positions.
$UPS | UPS Earnings Show The Weight Of $170,000 Salaries While It Learns To Navigate Shipping Slump
The company puts high hopes on a new $1 ... Show more
'We're Buying This Soft Landing': Former Fed Governor Blames Government Spending For Delaying Rate Cuts
Former Dallas Fed chief Robert Kaplan believes that an ... Show more
Tesla: 'Production at Gigafactory Shanghai was down sequentially due to seasonality and planned shutdowns around Chinese New Year in Q1.'
$TSLA | Tesla Says 'We recently undertook a cost-cutting exercise to increase operational efficiency. We also remain committed to company-wide cost reduction ... Show more
Did The Fed's Strategy Pay Off? Goldman Sachs Projects Steady Inflation Decline In 2024
Core PCE inflation is expected to stabilize ... Show more
EXCLUSIVE: Madden Gaming Veteran Leads Play-To-Earn Horse Racing Game Photo Finish Into New Growth Phase:
benzinga.com/markets/cryptocurrency/24/04/38365133/exclusive-madden-gaming-veteran-leads-play-to-earn-horse-racing-game-photo-finish-into-new
$GM | General Motors' Potential In EV Transformation Weighed By Analysts After Q1 Beat- Was This a 'Prove Me' Quarter For CEO Mary Barra?
Analysts scrutinize ... Show more
$META | Meta Platforms Q1 Earnings Preview: 'Marginally Cautious,' AI Opportunity Could Prove 'First Mover Advantage'
Meta Platforms reports first quarter ... Show more
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Examining AI Functions In Finance – How Does This Tech Help You Make Better Investment Decisions?
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Live Trading With Benzinga + All-Access | April 23rd, 2024: Benzinga Live on X (Twitter)
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An intuitively designed workspace for delivering powerful market insight. Here's a 14-day, risk-free trial. (No credit card required.) Show more
$TSLA $MSFT $META $GOOGL | Wall Street Set To Open Higher As Tesla To Kick Off 'Magnificent 7' Earnings: Why This Analyst Thinks Market Weakness Is A 'Healthy ... Show more
Cathie Wood's Ark Invest Says #Bitcoin Could Be Priming For Over 3,000% Rally Over Next 12 Months As King Crypto Becomes Less Inflationary Than Gold After ... Show more
$TSLA | Tesla Tops Consumer Reports For Lowest Maintenance, Repair Costs
Tesla confirmed as having lowest maintenance costs in Consumer Reports' 2023 survey ... Show more
Geopolitical Relief Triggers Gold Selloff: Prices Dip Below $2,350 Mark, Mining Stocks Hit Hard
Gold sees 2.7% drop on Monday ... Show more
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