Dell Technologies saw its stock slide more than 16% after executives warned investors about further margin pressure in the coming years. While the company posted a first-quarter earnings beat on both the top and bottom line, the forecast of a roughly 150 basis point reduction in gross margin by 2025 caused concern among shareholders. On
Earnings
Dell Technologies experienced a significant drop in share price, with shares falling more than 16% following the release of the company’s fiscal first-quarter results. Despite beating analysts’ expectations, investors were discouraged by Dell’s lower-than-expected artificial intelligence server backlog and the anticipated decline in margins. The stock market’s negative reaction to these news highlights the underlying
Despite the challenging times faced by the global box office, there is still some positive news to celebrate. One such film that has reached a significant milestone is 20th Century Studios/Disney’s Kingdom of the Planet of the Apes. The movie has managed to surpass the $300 million mark worldwide. With $178.1 million coming from international
The recent market activity has taken a toll on Salesforce, with shares plummeting over 14% after missing first-quarter revenue estimates. The company did manage to surpass adjusted earnings expectations, but its current-quarter guidance fell short on both top and bottom lines. This drop signifies the importance of meeting revenue projections in maintaining investor confidence. UiPath
Dick’s Sporting Goods reported a solid first quarter with substantial growth in comparable sales. The company exceeded analyst expectations, with earnings per share of $3.30 compared to an expected $2.95, and revenue of $3.02 billion versus an anticipated $2.94 billion. This strong performance led to a 5.3% increase in comparable sales, driven by higher transaction
The recent rise in bond yields has sent ripples of unease throughout the European stock markets. Investors are on edge as they anticipate the release of key inflation data, fearing that monetary policy may remain tighter for a longer period. This has led to a decline in the DAX index in Germany, the CAC 40
American Airlines recently announced a significant cut to its sales outlook, indicating a challenging road ahead for the company. The airline giant now expects unit revenues to plummet by as much as 6% in the second quarter compared to the previous year, a stark contrast from the initial forecast of a decline of no more
Robinhood’s decision to initiate a $1 billion share repurchase program is certainly a bold move. The market’s positive reaction with a 4.5% increase in after-hours trading indicates that investors are optimistic about the company’s future. However, the extended timeline of two to three years for the execution of the program starting in the third quarter
GameStop, a video game retailer, saw a significant increase in its shares by almost 23% after announcing that it made approximately $933 million from a stock sale. Gambling Stocks DraftKings and U.S.-traded shares of FanDuel parent company Flutter Entertainment experienced a decline of 10% and 7% respectively. This drop was attributed to the Illinois Senate
Neon had a successful weekend at the box office with the expansion of the indie film “Babes.” Directed by Pamela Adlon, the film follows the story of childhood best friends Eden and Dawn, played by Ilana Glazer and Michelle Buteau, as they navigate the complexities of adulthood. The film made an estimated $1.06 million over
Investors are currently facing concerns over inflation and the uncertainty surrounding Federal Reserve rate cuts, resulting in turbulent markets. However, amidst this volatility, long-term investors can benefit from the stock research provided by Wall Street analysts. One of the top picks by analysts is workplace management software maker Monday.com (MNDY). The company recently reported impressive
The weekend box office seems to be facing some challenges despite the availability of more movies in the market. Moviegoers are still hesitant to return to theaters, resulting in a lackluster response to new releases. The two movies released this weekend, a prequel/spinoff featuring a new actress to a beloved cult movie and a family
Former Tesla board member, Steve Westly, raised concerns about Elon Musk’s divided focus and its impact on Tesla’s performance in the electric vehicle industry. Westly emphasized the importance of a CEO being laser-focused on their company’s operations, highlighting how Musk’s attention appears to be spread thin across various ventures such as SpaceX, X, Neuralink, and
The premarket trading session has seen companies like Nvidia, Super Micro Computer, and Advanced Micro Devices making impressive gains. Nvidia soared by 7.4% after announcing strong fiscal first-quarter results, better-than-expected guidance, and a 10-for-1 stock split. Similarly, Super Micro Computer and Advanced Micro Devices saw a jump of more than 5% and 3% respectively. These