ADVFN US – Market Content Editor
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PayPal shares slide as outlook overshadows earnings beat
PayPal Holdings, Inc. (NASDAQ:PYPL) saw its shares fall more than 10% at Tuesday’s open, even after delivering first-quarter results that topped Wall Street expectations on both revenue and earnings. The company reported adjusted earnings per share of $1.34, beating the $1.27 consensus estimate by $0.07. Revenue rose 7% year over year to $8.4 billion, exceeding…
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Thomson Reuters tops estimates as AI-driven demand boosts growth
Thomson Reuters Corp (NASDAQ:TRI) reported first-quarter results on Tuesday that exceeded Wall Street expectations, supported by continued demand for its artificial intelligence offerings. The company posted adjusted earnings per share of $1.23, ahead of the $1.12 analyst estimate. Revenue came in at $2.09 billion, surpassing the $1.90 billion consensus and marking a 10% increase from…
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Westlake shares plunge after earnings miss and weak outlook
Westlake Corporation (NYSE:WLK) reported first-quarter results that came in well below expectations, sending its stock sharply lower in premarket trading. Shares dropped 16% following the announcement. The chemical producer posted an adjusted loss of -$0.77 per share, significantly wider than the analyst consensus of -$0.17. Revenue totaled $2.65 billion, missing estimates of $2.78 billion and…
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Eaton tops Q1 estimates, but softer outlook weighs on shares
Eaton Corporation plc (NYSE:ETN) reported first-quarter results that exceeded analyst expectations, though its stock dropped more than 3% in premarket trading after issuing guidance that came in slightly below forecasts. The power management company posted adjusted earnings per share of $2.81, ahead of the $2.73 consensus estimate. Revenue reached $7.5 billion, rising 17% year over…
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Pfizer tops Q1 expectations on growth from newer products
Pfizer Inc. (NYSE:PFE) reported first-quarter results that came in ahead of Wall Street forecasts, supported by strong momentum in its recently launched and acquired product portfolio. The drugmaker posted adjusted earnings per share of $0.75, exceeding the analyst consensus of $0.72 by $0.03. Revenue reached $14.5 billion, beating estimates of $13.84 billion and marking a…
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Ferrari earnings miss expectations as outlook trails forecasts
Ferrari (NYSE:RACE) reported first-quarter results that fell short of analyst expectations and issued full-year guidance below consensus, sending its shares slightly lower in U.S. premarket trading. The luxury automaker posted earnings per share of €2.33, missing the €2.37 estimate, while revenue came in at €1.85 billion, slightly ahead of the €1.83 billion consensus and up…
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Coinbase shares rise after company announces workforce reduction
Coinbase Global Inc. (NASDAQ:COIN) saw its shares climb more than 4% in premarket trading Tuesday after unveiling a restructuring plan that includes a sizable reduction in headcount. The cryptocurrency exchange said it will cut around 700 jobs, representing roughly 14% of its global workforce as of May 1, 2026. According to the company, the move…
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Henry Schein tops expectations, but shares dip slightly after results
Henry Schein Inc. (NASDAQ:HSIC) reported first-quarter results on Tuesday that came in ahead of Wall Street estimates, although the stock slipped modestly in after-hours trading. The company’s shares edged down 0.10% following the release. The healthcare solutions provider posted adjusted earnings per share of $1.32, surpassing the analyst consensus of $1.21 by $0.11. Revenue totaled…
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Marathon Petroleum tops expectations as refining performance drives earnings
Marathon Petroleum Corp. (NYSE:MPC) delivered first-quarter results that exceeded analyst forecasts, posting adjusted earnings per share of $1.65 compared to estimates of $1.09, supported by stronger crack spreads and solid operational execution. Revenue came in at $34.57 billion, ahead of the $33.49 billion consensus and representing a notable improvement from the same period last year,…
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Fresh Del Monte stock slips after earnings fall short of expectations
On Tuesday, Fresh Del Monte Produce Inc. (NYSE:FDP) posted first-quarter results that came in below Wall Street forecasts, with adjusted earnings per share of $0.63 missing the analyst consensus of $0.82 by $0.19. Revenue totaled $1.04 billion, also trailing the $1.05 billion estimate and marking a 4.9% decline from $1.10 billion a year earlier. Shares…