Check out the companies making headlines in midday trading: Hasbro — The toymaker soared 16.3% after the company’s first-quarter report beat expectations. Hasbro earned $1.04 per share, excluding items, on $887.1 million in revenue. Analysts polled by FactSet forecast 67 cents in earnings per share and $771.1 million in revenue. Hasbro added it is not changing its full-year guidance “given the uncertainty of the current tariff environment.” Fiserv — Shares of the software provider plunged 17% after Fiserv’s adjusted revenue missed expectations. Fiserv reported adjusted first-quarter revenue of $4.79 billion, while analysts polled by FactSet expected $4.84 billion. Comcast —…
Author: usaeverydaylife
In this turbulent market, it pays to have a diversified portfolio, according to Morningstar. The financial services firm looked at the performance of different portfolio allocations over the years and found that in 2025 so far, its diversified portfolio has outperformed a “plain vanilla” split of 60% U.S. stocks and 40% high-quality U.S. bonds, as well as an all-stock portfolio. Equities have had a rocky year, thanks to the back and forth over President Donald Trump’s tariffs and concerns about inflation. Stocks rose on Thursday, but the S & P 500 , Dow Jones Industrial Average and Nasdaq Composite are…
An Amazon Web Services data center in Stone Ridge, Virginia, US, on Sunday, July 28, 2024.Nathan Howard | Bloomberg | Getty ImagesOKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back on some their plans.”There’s been really no significant change,” Kevin Miller, Amazon’s vice president of global data centers, said at conference organized by the Hamm Institute for American Energy. “We continue to see very strong demand, and we’re looking both in the next couple years…
Bill McDermott, chairman and CEO of ServiceNow, speaks during an interview on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 26, 2023. Brendan Mcdermid | ReutersServiceNow shares surged 15% on stronger-than-expected first-quarter results and an upbeat forecast despite the uncertain macroeconomic environment.The enterprise technology company posted adjusted earnings of $4.04 per share on $3.09 billion in revenue. That topped a consensus estimate of $3.83 in EPS and $3.08 billion in sales, according to LSEG. Revenues grew about 19% from a year ago.ServiceNow reported net income of $460 million, or $2.20 per share. That’s up…
A year of rapidly slumping poll results for the Liberal Party that has governed Canada for nearly a decade was bad enough. But then there came the almost unthinkable: a defeat in a special election in downtown Toronto, the party’s longtime electoral fortress.The defeat last year, many analysts believe, triggered the chain of events that led to Justin Trudeau’s resignation as prime minister and the federal election that will be held on Monday.Voters in Toronto had been vital to keeping Mr. Trudeau and the Liberals in power through three elections. So the loss of a Toronto district — held by…
Alphabet, the parent company of Google and YouTube, is set to report first-quarter earnings after the bell Thursday.Here’s what analysts are expecting.Revenue: $89.2 billion, according to LSEGEarnings per share: $2.02, according to LSEGYouTube advertising revenue: $8.97 billion, according to StreetAccountGoogle Cloud revenue: $12.27 billion, according to StreetAccountTraffic acquisition costs (TAC): $13.66 billion, according to StreetAccountGoogle finds itself at the center of an artificial intelligence arms race where its position may be threatened pending mounting regulation and competition from generative AI companies, including OpenAI and Anthropic. The company is also among those bracing for the potential impact from President Donald Trump’s tariffs, which could result in a…
Strong first-quarter financial results have analysts on Wall Street singing ServiceNow’s praises. Revenue and earnings at the workflow management software company topped analysts’ estimates, and full-year guidance was pretty much in line with Wall Street forecasts. Shares advanced nearly 8% in early trading Thursday before the market open. Analysts praised the report as a reassuring sign to technology and software investors who have been focused lately on prospects for an economic slowdown and its effect on tech spending. ServiceNow exceeded expectations “against a low-bar,” and “demonstrated resilience in a volatile macroeconomic environment,” according to Citigroup. Here’s a look at what…
Hesai Group can navigate the global trade war better than most, according to Goldman Sachs and Bank of America. Both shops have a buy rating on the company, which makes lidar sensors used in autonomous vehicles. Goldman has a $20.40 target on the stock, which signals about 42% upside. Bank of America did trim its forecast to $21 from $22, though that is still roughly 53% above Wednesday’s close. “Regarding latest concern about the US exposure, management expects US revenue to contribute less than 10% in 2025E, among which 50% tariff will be borne by Hesai and the other 50%…
A “For Sale” sign stands at a house in Miami, Florida, U.S. April 16, 2025.Marco Bello | ReutersHigher mortgage rates and concern over the broader economy are making for a weak start to the all-important spring housing market.Sales of previously owned homes in March fell 5.9% from February to 4.02 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. That’s the slowest March sales pace since 2009.Sales were 2.4% lower than March 2024 and slumped across all regions month-to-month. They fell hardest in the West, the priciest region of the country, down more than…
Tesla’s first-quarter earnings for 2025 showed significant declines compared to the previous year. Revenue fell 9% to $19.3 billion, missing Wall Street expectations. Automotive revenue decreased by 20% to $14 billion, partially offset by a 67% increase in energy generation and storage revenue to $2.73 billion. Net income dropped even more sharply, down 71% year over year to $409 million. CEO Elon Musk’s role as head of the so-called Department of Government Efficiency (DOGE), along with his public support for President Donald Trump, has triggered widespread backlash. Protests, vandalism of Tesla stores and vehicles and boycotts by progressive customers —…
