Earnings 4-30-24

QCOM 5-1 A

AAPL 5-2 A
SQ 5-2 A
RKT 5-2 A

PLTR 5-6 A

DIS 5-7 B
BP 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A
TWLO 5-7 A
IRBT 5-7 A

SHOP 5-8 B
PERI 5-8 B
TTD 5-8 A
ABNB 5-8 A

RBLX 5-9 B

HD 5-14 B

CSCO 5-15 A

WMT 5-16 B

NVDA 5-22 A

AI 5-29 A
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Amazon.com (AMZN) reported earnings of $0.98 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.81 per share on revenue of $142.55 billion. The Earnings Whisper number was $0.90 per share. The company beat expectations by 8.89%.The company said it expects second quarter revenue of $144.0 billion to $149.0 billion. The current consensus revenue estimate is $150.22 billion for the quarter ending June 30, 2024.

Starbucks (SBUX) reported earnings of $0.68 per share on for the fiscal second quarter ended March 2024. The consensus earnings estimate was $0.79 per share on revenue of $9.17 billion. The Earnings Whisper number was $0.80 per share. The company missed expectations by 15.00%.

Supermicro (SMCI) reported earnings of $6.65 per share on for the fiscal third quarter ended March 2024. The consensus earnings estimate was $5.79 per share on revenue of $4.01 billion. The Earnings Whisper number was $6.00 per share. The company beat expectations by 10.83%.The company said it expects fourth quarter earnings of $7.62 to $8.42 per share on revenue of $5.10 billion to $5.50 billion. The current consensus earnings estimate is $6.99 per share on revenue of $4.91 billion for the quarter ending June 30, 2024.

3M (MMM) reported earnings of $2.39 per share on revenue of $8.00 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.08 per share on revenue of $7.64 billion. The Earnings Whisper number was $2.14 per share. The company beat expectations by 11.68% while revenue fell 0.35% compared to the same quarter a year ago.The company said it expects 2024 earnings of $6.80 to $7.30 per share, with the spin-off of Solventum. The current consensus earnings estimate is $8.19 per share for the year ending December 31, 2024.

PayPal (PYPL) reported earnings of $1.40 per share on revenue of $7.70 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.24 per share on revenue of $7.50 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 11.11% while revenue grew 9.36% on a year-over-year basis.The company said it expects second quarter earnings of approximately $0.98 per share and 2024 earnings of $3.98 to $4.17 per share, using its new Non-GAAP metholdolgy. The current consensus estimate is earnings of $0.93 per share for the quarter ending June 30, 2024 and earnings of $4.02 per share for the year ending December 31, 2024.

Coca-Cola (KO) reported earnings of $0.72 per share on revenue of $11.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.69 per share on revenue of $10.95 billion. The Earnings Whisper number was $0.71 per share. The company beat expectations by 1.41% while revenue grew 2.91% on a year-over-year basis.The company said it continues to expect 2024 earnings of $2.80 to $2.82 per share. The current consensus earnings estimate is $2.81 per share for the year ending December 31, 2024.

McDonalds (MCD) reported earnings of $2.70 per share on revenue of $6.17 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.71 per share on revenue of $6.17 billion. The Earnings Whisper number was $2.80 per share. The company missed expectations by 3.57% while revenue grew 4.60% on a year-over-year basis.

Transocean (RIG) reported a loss of $0.03 per share on revenue of $763.00 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.13 per share on revenue of $779.56 million. The Earnings Whisper number was a loss of $0.09 per share. The company beat expectations by 66.67% while revenue grew 17.57% on a year-over-year basis.

Rambus (RMBS) reported earnings of $0.30 per share on revenue of $117.87 million for the first quarter ended March 2024. The consensus earnings estimate was $0.44 per share on revenue of $132.00 million. The Earnings Whisper number was $0.47 per share. The company missed expectations by 36.17% while revenue grew 3.61% on a year-over-year basis.The company said it expects second quarter revenue of $130.0 million to $148.0 million. The current consensus revenue estimate is $138.70 million for the quarter ending June 30, 2024.

Roper Technologies (ROP) reported earnings of $4.41 per share on revenue of $1.68 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.34 per share on revenue of $1.65 billion. The company beat consensus estimates by 1.61% while revenue grew 14.36% on a year-over-year basis.The company said it expects second quarter earnings of $4.42 to $4.46 per share and now expects 2024 earnings of $18.05 to $18.25 per share. The company's previous guidance was 2024 earnings of $17.85 to $18.15 per share. The current consensus estimate is earnings of $4.46 per share for the quarter ending June 30, 2024 and earnings of $18.08 per share for the year ending December 31, 2024.

Chevron (CVX) reported earnings of $2.93 per share on revenue of $48.72 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.84 per share on revenue of $51.17 billion. The Earnings Whisper number was $3.06 per share. The company missed expectations by 4.25% while revenue fell 4.09% compared to the same quarter a year ago.

Snap (SNAP) reported earnings of $0.03 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $0.04 per share on revenue of $1.12 billion. The Earnings Whisper number was a loss of $0.01 per share. The company beat expectations by 400.00%.The company said it expects second quarter revenue of $1.225 billion to $1.255 billion. The current consensus revenue estimate is $1.21 billion for the quarter ending June 30, 2024.

Microsoft (MSFT) reported earnings of $2.94 per share on revenue of $61.86 billion for the fiscal third quarter ended March 2024. The consensus earnings estimate was $2.81 per share on revenue of $60.77 billion. The Earnings Whisper number was $2.91 per share. The company beat expectations by 1.03% while revenue grew 17.03% on a year-over-year basis.

Alphabet (GOOGL) reported earnings of $1.89 per share on revenue of $80.54 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.49 per share on revenue of $78.61 billion. The Earnings Whisper number was $1.55 per share. The company beat expectations by 21.94% while revenue grew 15.41% on a year-over-year basis.

Intel (INTC) reported earnings of $0.18 per share on revenue of $12.72 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.11 per share on revenue of $12.77 billion. The Earnings Whisper number was $0.15 per share. The company beat expectations by 20.00% while revenue grew 8.61% on a year-over-year basis.The company said it expects second quarter non-GAAP earnings of approximately $0.10 per share on revenue of $12.50 billion to $13.50 billion. The current consensus earnings estimate is $0.25 per share on revenue of $13.60 billion for the quarter ending June 30, 2024.

Roku (ROKU) reported a loss of $0.35 per share on revenue of $881.47 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.64 per share on revenue of $850.97 million. The Earnings Whisper number was a loss of $0.56 per share. The company beat expectations by 37.50% while revenue grew 18.96% on a year-over-year basis.

Teradyne (TER) reported earnings of $0.51 per share on revenue of $599.82 million for the first quarter ended March 2024. The consensus earnings estimate was $0.33 per share on revenue of $566.46 million. The Earnings Whisper number was $0.37 per share. The company beat expectations by 37.84% while revenue fell 2.87% compared to the same quarter a year ago.The company said it expects second quarter earnings of $0.64 to $0.84 per share on revenue of $665.0 million to $725.0 million. The current consensus earnings estimate is $0.66 per share on revenue of $635.91 million for the quarter ending June 30, 2024.

Ford Motor (F) reported earnings of $0.49 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.42 per share on revenue of $40.64 billion. The Earnings Whisper number was $0.48 per share. The company beat expectations by 2.08%.

Meta Platforms (META) reported earnings of $4.71 per share on for the first quarter ended March 2024. The consensus earnings estimate was $4.32 per share on revenue of $36.15 billion. The Earnings Whisper number was $4.51 per share. The company beat expectations by 4.43%.

AT&T (T) reported earnings of $0.55 per share on revenue of $30.03 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.53 per share on revenue of $30.54 billion. The Earnings Whisper number was $0.53 per share. The company beat expectations by 3.77% while revenue fell 0.37% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.21 per share for the year ending December 31, 2024.

RTX (RTX) reported earnings of $1.34 per share on revenue of $19.31 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.23 per share on revenue of $18.41 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 6.35% while revenue grew 12.15% on a year-over-year basis.The company said it continues to expect 2024 earnings of $5.25 to $5.40 per share on revenue of $78.0 billion to $79.0 billion. The current consensus earnings estimate is $5.39 per share on revenue of $78.6 billion for the year ending December 31, 2024.

Tesla (TSLA) reported earnings of $0.45 per share on revenue of $21.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.49 per share on revenue of $22.71 billion. The Earnings Whisper number was $0.41 per share. The company beat expectations by 9.76% while revenue fell 8.69% compared to the same quarter a year ago.

Netflix (NFLX) reported earnings of $5.28 per share on revenue of $9.37 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.51 per share on revenue of $9.25 billion. The Earnings Whisper number was $4.61 per share. The company beat expectations by 14.53% while revenue grew 14.81% on a year-over-year basis.The company said it expects second quarter earnings of approximately $4.68 per share on revenue of approximately $9.49 billion. The current consensus earnings estimate is $4.53 per share on revenue of $9.53 billion for the quarter ending June 30, 2024.

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AMZN reports after bell
cpps 179

200d 151
Gap 173.92 159.76

Amazon.com, Inc. (NASDAQ:AMZN) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 75,730,000 shares, an increase of 7.3% from the March 31st total of 70,550,000 shares. Based on an average daily volume of 42,200,000 shares, the short-interest ratio is presently 1.8 days.

--Citigroup Upgrades Shopify to Buy From Neutral, Price Target is $105

PayPal lifts 2024 profit forecast as spending stays resilient, margins improve
07:39:14 AM ET, 04/30/2024 - Reuters
(Adds shares in paragraph 2)

April 30 (Reuters) - PayPal raised its full-year adjusted profit forecast on Tuesday, as the payments giant benefited from robust consumer spending, while measures to cut costs improved operating margins in the first quarter.

Shares of the company were last up 4% in volatile premarket trading after the results.

Consumer spending has shown remarkable resilience even as economic worries clouded the outlook for the payments sector for months. Though lower-income brackets have curbed discretionary purchases, most Americans are still looking to shop online, dine-out and travel.

PayPal's newly appointed management is also aiming to reignite investor confidence through efforts to make the company leaner and lower costs to ease pressure on its stock, which was among the worst performers on the Nasdaq last year.

Earlier this year, PayPal had announced plans to cut about 2,500 jobs, or 9% of its global workforce.

"2024 remains a transition year and we are focused on execution — driving our key strategic initiatives, realizing cost-savings and reinvesting appropriately," said CEO Alex Chriss.

The company expects 2024 adjusted profit to increase by "mid-to-high single-digit percentage", compared with its earlier forecast of it remaining flat.

PayPal also expects second-quarter revenue to grow 7% on FX-neutral basis, largely in line with Wall Street expectations.

Total payment volumes increased 14% to $403.9 billion in the first quarter, while net revenue climbed 10% to $7.7 billion on a currency-neutral basis.

PayPal's operating margins improved 84 basis points, on an adjusted basis, to 18.2% in the first quarter. Its margins have been central to investor anxieties over the last year as growth slowed post-pandemic.

The company's low-margin business products have risen strongly, while growth in its branded products slowed due to increased pressure from competitors such as Apple.

Its adjusted earnings per share rose to $1.08 in the three months ended March 31, compared with 85 cents a year ago. (Reporting by Manya Saini and Jaiveer Singh Shekhawat in Bengaluru; Editing by Shilpi Majumdar)

PYPL 68.25 cpps

RBC Capital Raises PayPal's Price Target to $84 From $74

Susquehanna Adjusts PayPal Holdings' Price Target to $71 From $65, Keeps Neutral Rating

Transocean Ltd (RIG) Q1 2024 Earnings: Surpasses Analyst Revenue Forecasts, Adjusts to Market ...
GuruFocus Research
Tue, Apr 30, 2024, 5:33 AM MDT3 min read

In this article:
RIG
-11.60%
Net Income: Reported a net income of $98 million, significantly exceeding the estimated net loss of $120.26 million.

Earnings Per Share (EPS): Achieved EPS of $0.11, surpassing the estimated EPS of -$0.14.

Revenue: Generated $763 million in contract drilling revenues, falling short of the estimated $787.04 million.

Revenue Efficiency: Decreased to 92.9% from 97.0% in the previous quarter, indicating lower operational efficiency.

Operating and Maintenance Expenses: Decreased to $523 million from $569 million, reflecting cost savings and efficiencies.

Adjusted EBITDA: Increased to $199 million, showing improved profitability and operational performance.

Backlog: Maintained a strong backlog of $8.9 billion, ensuring future revenue stability.

Warning! GuruFocus has detected 2 Warning Signs with RIG.

On April 29, 2024, Transocean Ltd (NYSE:RIG) disclosed its financial results for the first quarter of 2024 through an 8-K filing. The company reported a net income of $98 million, or $0.11 per diluted share, a significant improvement from a net loss of $104 million, or $0.13 per diluted share, in the previous quarter. This performance notably exceeded the analysts' estimated earnings per share of -$0.14.

About Transocean Ltd
Transocean Ltd is a leading international provider of offshore contract drilling services for oil and gas wells, specializing in technically demanding sectors of the global offshore drilling business, particularly ultra-deepwater and harsh environment drilling services. The company operates the highest specification floating offshore drilling fleet globally and is known for its advanced capabilities in deepwater exploration.

Financial Performance Overview
The first quarter saw Transocean generate contract drilling revenues of $763 million, up from $741 million in the previous quarter, driven by increased rig activity and higher day rates. This figure surpassed the analysts' revenue estimate of $787.04 million for the quarter. The company's revenue efficiency, however, declined to 92.9% from 97.0%, mainly due to operational downtime on the Deepwater Titan.

Operating and maintenance expenses decreased to $523 million from $569 million, reflecting cost efficiencies and reduced expenses on idle rigs. Adjusted EBITDA was reported at $199 million, up from $122 million in the prior quarter, resulting in an improved EBITDA margin of 26.0%.

Challenges and Strategic Adjustments
Despite the positive revenue and income figures, Transocean faced challenges including unscheduled downtime on the Deepwater Titan due to blowout preventer issues. The company also navigated a complex tax environment, with an effective tax rate of 206.0%, significantly higher than the previous period, primarily due to deferred tax adjustments related to rig movements and contract changes.

Strategic Highlights and Future Outlook
CEO Jeremy Thigpen highlighted several strategic achievements in the quarter, including a significant contract extension and a $1.8 billion debt refinancing transaction aimed at improving liquidity and simplifying the balance sheet. Looking forward, Thigpen expressed optimism about the demand outlook for deepwater drilling and the company's focus on securing long-term contracts.

"Looking ahead, we remain encouraged by the demand outlook and expect to see numerous long-term contracts awarded over the next several months. As we work to secure those contracts, we will remain acutely focused on operational execution across our fleet, as we endeavor to maximize the conversion of our industry-leading backlog to cash."

Financial Position and Liquidity
Transocean reported a decrease in cash and cash equivalents to $446 million from $762 million at the end of the previous quarter. The company's total debt stood at $7,265 million, slightly down from $7,413 million. Capital expenditures for the quarter were $83 million, primarily related to the construction of the newbuild ultra-deepwater drillship Deepwater Aquila.

Conclusion
Transocean's first quarter of 2024 reflects a robust operational and financial performance amidst challenging market conditions. With strategic initiatives in place to enhance its fleet's capabilities and financial flexibility, Transocean is well-positioned to capitalize on the growing demand for high-specification floaters in the offshore drilling market.

RIG

Cpps at 5.20 4/30/24
146rgs/RB to TP started

  CP:  14000  6500  6500  9000   2500  250  250  / 13000  6500  3500  3500  6500  6500            
  NB:  1000   1000  1000  500     0    250  250  / 1000   500   500   1000  500   500            
  TP:  20000  10000 10000 10000  2500  500  500  / 20000  10000 5000  10000 10000 10000

Transocean Ltd. Reports First Quarter 2024 Results
17:24:00 PM ET, 04/29/2024 - GlobeNewswire

	Three months ended	 March 31, 2024	 	December 31,2023    Sequential change 
 (In millions, except per share amounts and backlog)	 	 	 	 	 	 	 	 	 	 	  
 Contract drilling revenues	        $763	 	 	$741	 	 	 $22	 	  
 Adjusted contract drilling revenues	$767	 	 	$748	 	 	 $19	 	  
 Revenue efficiency(1)	 	        92.9%  	 	        97.0%  	 	 	(4.1)%   
 Operating and maintenance expense	$523	 	        $569	 	        $(46)	  
 Net income (loss) attrib. to con. int.	$98	                $(104)	 	 	$202	 	  
 Diluted earnings (loss) per share	$0.11	 	 	$(0.13)	 	 	$0.24	 	  
  	 	 	 	 	 	 	 	 	 	 	  
 Adjusted EBITDA	                $199	 	 	$122	 	 	$77	 	  
 Adjusted EBITDA margin	 	        26.0 %  	 	 16.3%  	 	9.7%   
 Adjusted net loss	                $(22)	 	 	$(74)	 	        $52	 	  
 Adjusted diluted loss per share	$(0.03)	 	 	$(0.09)	 	 	$0.06	

RIG 5.27 down .545 (-9.36%) on below ave volume 8:36 am MT on Earnings...

Transocean Swings to Q1 Earnings, Revenue Increases
05:12 AM EDT, 04/30/2024 (MT Newswires) -- Transocean (RIG) reported Q1 earnings of $0.11 per share, swinging from a loss of $0.64 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.17.

Contract drilling revenue for the quarter ended March 31 was $763 million, up from $649 million a year earlier.

Analysts surveyed by Capital IQ expected $779.9 million.

Earnings 4-30-24

SBUX 4-30 A
AMZN 4-30 A
SMCI 4-30 A

QCOM 5-1 A

AAPL 5-2 A
SQ 5-2 A
RKT 5-2 A

PLTR 5-6 A

DIS 5-7 B
BP 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A
TWLO 5-7 A
IRBT 5-7 A

SHOP 5-8 B
PERI 5-8 B
TTD 5-8 A
ABNB 5-8 A

RBLX 5-9 B

HD 5-14 B

CSCO 5-15 A

WMT 5-16 B

NVDA 5-22 A

AI 5-29 A
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3M (MMM) reported earnings of $2.39 per share on revenue of $8.00 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.08 per share on revenue of $7.64 billion. The Earnings Whisper number was $2.14 per share. The company beat expectations by 11.68% while revenue fell 0.35% compared to the same quarter a year ago.The company said it expects 2024 earnings of $6.80 to $7.30 per share, with the spin-off of Solventum. The current consensus earnings estimate is $8.19 per share for the year ending December 31, 2024.

PayPal (PYPL) reported earnings of $1.40 per share on revenue of $7.70 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.24 per share on revenue of $7.50 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 11.11% while revenue grew 9.36% on a year-over-year basis.The company said it expects second quarter earnings of approximately $0.98 per share and 2024 earnings of $3.98 to $4.17 per share, using its new Non-GAAP metholdolgy. The current consensus estimate is earnings of $0.93 per share for the quarter ending June 30, 2024 and earnings of $4.02 per share for the year ending December 31, 2024.

Coca-Cola (KO) reported earnings of $0.72 per share on revenue of $11.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.69 per share on revenue of $10.95 billion. The Earnings Whisper number was $0.71 per share. The company beat expectations by 1.41% while revenue grew 2.91% on a year-over-year basis.The company said it continues to expect 2024 earnings of $2.80 to $2.82 per share. The current consensus earnings estimate is $2.81 per share for the year ending December 31, 2024.

McDonalds (MCD) reported earnings of $2.70 per share on revenue of $6.17 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.71 per share on revenue of $6.17 billion. The Earnings Whisper number was $2.80 per share. The company missed expectations by 3.57% while revenue grew 4.60% on a year-over-year basis.

Transocean (RIG) reported a loss of $0.03 per share on revenue of $763.00 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.13 per share on revenue of $779.56 million. The Earnings Whisper number was a loss of $0.09 per share. The company beat expectations by 66.67% while revenue grew 17.57% on a year-over-year basis.

Rambus (RMBS) reported earnings of $0.30 per share on revenue of $117.87 million for the first quarter ended March 2024. The consensus earnings estimate was $0.44 per share on revenue of $132.00 million. The Earnings Whisper number was $0.47 per share. The company missed expectations by 36.17% while revenue grew 3.61% on a year-over-year basis.The company said it expects second quarter revenue of $130.0 million to $148.0 million. The current consensus revenue estimate is $138.70 million for the quarter ending June 30, 2024.

Roper Technologies (ROP) reported earnings of $4.41 per share on revenue of $1.68 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.34 per share on revenue of $1.65 billion. The company beat consensus estimates by 1.61% while revenue grew 14.36% on a year-over-year basis.The company said it expects second quarter earnings of $4.42 to $4.46 per share and now expects 2024 earnings of $18.05 to $18.25 per share. The company's previous guidance was 2024 earnings of $17.85 to $18.15 per share. The current consensus estimate is earnings of $4.46 per share for the quarter ending June 30, 2024 and earnings of $18.08 per share for the year ending December 31, 2024.

Chevron (CVX) reported earnings of $2.93 per share on revenue of $48.72 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.84 per share on revenue of $51.17 billion. The Earnings Whisper number was $3.06 per share. The company missed expectations by 4.25% while revenue fell 4.09% compared to the same quarter a year ago.

Snap (SNAP) reported earnings of $0.03 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $0.04 per share on revenue of $1.12 billion. The Earnings Whisper number was a loss of $0.01 per share. The company beat expectations by 400.00%.The company said it expects second quarter revenue of $1.225 billion to $1.255 billion. The current consensus revenue estimate is $1.21 billion for the quarter ending June 30, 2024.

Microsoft (MSFT) reported earnings of $2.94 per share on revenue of $61.86 billion for the fiscal third quarter ended March 2024. The consensus earnings estimate was $2.81 per share on revenue of $60.77 billion. The Earnings Whisper number was $2.91 per share. The company beat expectations by 1.03% while revenue grew 17.03% on a year-over-year basis.

Alphabet (GOOGL) reported earnings of $1.89 per share on revenue of $80.54 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.49 per share on revenue of $78.61 billion. The Earnings Whisper number was $1.55 per share. The company beat expectations by 21.94% while revenue grew 15.41% on a year-over-year basis.

Intel (INTC) reported earnings of $0.18 per share on revenue of $12.72 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.11 per share on revenue of $12.77 billion. The Earnings Whisper number was $0.15 per share. The company beat expectations by 20.00% while revenue grew 8.61% on a year-over-year basis.The company said it expects second quarter non-GAAP earnings of approximately $0.10 per share on revenue of $12.50 billion to $13.50 billion. The current consensus earnings estimate is $0.25 per share on revenue of $13.60 billion for the quarter ending June 30, 2024.

Roku (ROKU) reported a loss of $0.35 per share on revenue of $881.47 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.64 per share on revenue of $850.97 million. The Earnings Whisper number was a loss of $0.56 per share. The company beat expectations by 37.50% while revenue grew 18.96% on a year-over-year basis.

Teradyne (TER) reported earnings of $0.51 per share on revenue of $599.82 million for the first quarter ended March 2024. The consensus earnings estimate was $0.33 per share on revenue of $566.46 million. The Earnings Whisper number was $0.37 per share. The company beat expectations by 37.84% while revenue fell 2.87% compared to the same quarter a year ago.The company said it expects second quarter earnings of $0.64 to $0.84 per share on revenue of $665.0 million to $725.0 million. The current consensus earnings estimate is $0.66 per share on revenue of $635.91 million for the quarter ending June 30, 2024.

Ford Motor (F) reported earnings of $0.49 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.42 per share on revenue of $40.64 billion. The Earnings Whisper number was $0.48 per share. The company beat expectations by 2.08%.

Meta Platforms (META) reported earnings of $4.71 per share on for the first quarter ended March 2024. The consensus earnings estimate was $4.32 per share on revenue of $36.15 billion. The Earnings Whisper number was $4.51 per share. The company beat expectations by 4.43%.

AT&T (T) reported earnings of $0.55 per share on revenue of $30.03 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.53 per share on revenue of $30.54 billion. The Earnings Whisper number was $0.53 per share. The company beat expectations by 3.77% while revenue fell 0.37% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.21 per share for the year ending December 31, 2024.

RTX (RTX) reported earnings of $1.34 per share on revenue of $19.31 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.23 per share on revenue of $18.41 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 6.35% while revenue grew 12.15% on a year-over-year basis.The company said it continues to expect 2024 earnings of $5.25 to $5.40 per share on revenue of $78.0 billion to $79.0 billion. The current consensus earnings estimate is $5.39 per share on revenue of $78.6 billion for the year ending December 31, 2024.

Tesla (TSLA) reported earnings of $0.45 per share on revenue of $21.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.49 per share on revenue of $22.71 billion. The Earnings Whisper number was $0.41 per share. The company beat expectations by 9.76% while revenue fell 8.69% compared to the same quarter a year ago.

Netflix (NFLX) reported earnings of $5.28 per share on revenue of $9.37 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.51 per share on revenue of $9.25 billion. The Earnings Whisper number was $4.61 per share. The company beat expectations by 14.53% while revenue grew 14.81% on a year-over-year basis.The company said it expects second quarter earnings of approximately $4.68 per share on revenue of approximately $9.49 billion. The current consensus earnings estimate is $4.53 per share on revenue of $9.53 billion for the quarter ending June 30, 2024.

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PayPal Earnings Pop 27% Under New Reporting Method. PayPal Stock Is Set To Break Out.
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REINHARDT KRAUSE08:05 AM ET 04/30/2024

PayPal Holdings (PYPL) early Tuesday reported first-quarter earnings that rose 27% from a year earlier under a new accounting methodology while revenue and total payment volume for PayPal stock topped views. PYPL stock rose on the news, signaling a move past a buy point.

The digital payments firm reported earnings before the market open, not after the close as usual.

The new accounting includes the impact of stock-based compensation expense and related employer payroll taxes. PayPal said it has recast adjusted financial results for 2023, 2022 and 2021 to reflect the accounting change.

PayPal earnings for the March quarter rose 27% to $1.08 per share on an adjusted basis. Revenue climbed 9% to $7.7 billion.

Analysts polled by FactSet expected PayPal earnings of $1.22 a share on revenue of $7.515 billion. A year earlier, PayPal earned $1.17 a share on sales of $7.04 billion.

Payment Volume Beats

Total payment volume processed from merchant customers in the quarter climbed 14% to $403.9 billion. Analysts had projected total payment volume of $393.64 billion.

New CEO Alex Chriss took the helm in late September. Also, PayPal has named a new chief financial officer: Jamie Miller, formerly CFO at consultancy EY.

San Jose, Calif.-based PayPal has evolved from an online checkout site to a mobile shopping and person-to-person payments site. Meanwhile, competition has heated up with Apple (AAPL), Square-parent Block (SQ) and others.

PayPal Stock 2024 Guidance

On the stock market today, PayPal stock popped 8.2% to 72.50 in early trading. That's set to clear a 68.21 buy point from a consolidation going back three months.

PayPal also updated 2024 guidance. The company forecast adjusted EPS growth of "mid to high single-digit percentage" from $3.83 in the prior year based on the new reporting method. The 2024 guidance includes Q1 restructuring charges of $175 million and an estimated $70 million to $90 million in Q2.

Heading into the PayPal earnings report, shares were up 9% in 2024 but down 12% over the past year.

SQ stock rose slightly, nearing its 50-day line. Square-parent Block is set to report on Thursday.

PayPal said it announced plans to change accounting methods on Feb. 7

Transocean Ltd. Reports First Quarter 2024 Results
April 29 2024 - 5:24PM

Transocean Ltd. (NYSE: RIG) today reported a net income attributable to controlling interest of $98 million, $0.11 per diluted share, for the three months ended March 31, 2024.
First quarter results included net favorable items of $120 million, $0.14 per diluted share, primarily due to $121 million discrete tax items, net.

After consideration of these net favorable items, first quarter 2024 adjusted net loss was $22 million, $0.03 per diluted share.

Contract drilling revenues for the three months ended March 31, 2024, increased sequentially by $22 million to $763 million, primarily due to increased activity for rigs that returned to work or were fully active this quarter after undergoing contract preparation, higher dayrate and higher reimbursable revenue. This was partially offset by lower revenue efficiency across the fleet, particularly on Deepwater Titan which experienced significant unscheduled downtime related to its blowout preventer, and one less day in the quarter. Deepwater Titan has since resumed dayrate operations.

Contract intangible amortization represented a non-cash revenue reduction of $4 million, compared to $7 million in the prior quarter. The contract intangible assets are now fully amortized.

Operating and maintenance expense was $523 million, compared with $569 million in the prior quarter. The sequential decrease was primarily due to cost savings on rigs that were idle in the first quarter, reduced contract preparation expenses, and lower in-service maintenance cost on the operating fleet. This was partially offset by higher reimbursed expenses.

After consideration of the favorable adjustment of $10 million and $145 million in the first and fourth quarter, respectively, for the fair value of the bifurcated exchange feature related to the 4.625% exchangeable bonds, interest expense net of capitalized amounts was $127 million, compared to $142 million in the prior period. Interest income was $15 million, compared to $10 million in the previous quarter.

The Effective Tax Rate(2) was 206.0%, up from (25.0)% in the prior quarter. The increase was primarily due to changes in deferred taxes related to rig ownership changes, rig movement and contract expirations across multiple jurisdictions. The Effective Tax Rate excluding discrete items was 76.9% compared to (30.0)% in the previous quarter.

Cash used in operating activities was $86 million during the first quarter of 2024, representing a decrease of $184 million compared to cash provided by operations in the prior quarter. The sequential decrease was primarily due to increased payments that regularly occur in the first quarter of each year for payroll-related costs and interest expense.

First quarter 2024 capital expenditures of $83 million were primarily associated with the newbuild ultra-deepwater drillship Deepwater Aquila. This compares with $220 million in the prior quarter.

“Over the first months of 2024, Transocean has achieved some fairly significant milestones. First, we secured a 365-day extension on Deepwater Asgard at a rate of $505,000 per day, once again demonstrating the sustained tightness in the high-specification floater market as well as Transocean’s ability to command industry-leading dayrates,” said Chief Executive Officer Jeremy Thigpen. “Additionally, earlier this month we finalized a $1.8 billion debt refinancing transaction, enabling us to improve near-term liquidity and start the process of simplifying our balance sheet. We also completed the extension of our revolving credit facility to mid-2028, further enhancing our financial flexibility.”

Thigpen concluded, “Looking ahead, we remain encouraged by the demand outlook and expect to see numerous long-term contracts awarded over the next several months. As we work to secure those contracts, we will remain acutely focused on operational execution across our fleet, as we endeavor to maximize the conversion of our industry-leading backlog to cash.”

Earnings 4-26-24

MMM 4-30 B
PYPL 4-30 B
KO 4-30 B
MCD 4-30 B
SBUX 4-30 A
AMZN 4-30 A
SMCI 4-30 A

QCOM 5-1 A

AAPL 5-2 A
SQ 5-2 A
RKT 5-2 A

PLTR 5-6 A

DIS 5-7 B
BP 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A
TWLO 5-7 A
IRBT 5-7 A

SHOP 5-8 B
PERI 5-8 B
TTD 5-8 A
ABNB 5-8 A

RBLX 5-9 B

HD 5-14 B

CSCO 5-15 A

WMT 5-16 B

NVDA 5-22 A

AI 5-29 A
________________________________________________________

Transocean (RIG) reported a loss of $0.03 per share on revenue of $763.00 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.13 per share on revenue of $779.56 million. The Earnings Whisper number was a loss of $0.09 per share. The company beat expectations by 66.67% while revenue grew 17.57% on a year-over-year basis.

Rambus (RMBS) reported earnings of $0.30 per share on revenue of $117.87 million for the first quarter ended March 2024. The consensus earnings estimate was $0.44 per share on revenue of $132.00 million. The Earnings Whisper number was $0.47 per share. The company missed expectations by 36.17% while revenue grew 3.61% on a year-over-year basis.The company said it expects second quarter revenue of $130.0 million to $148.0 million. The current consensus revenue estimate is $138.70 million for the quarter ending June 30, 2024.

Roper Technologies (ROP) reported earnings of $4.41 per share on revenue of $1.68 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.34 per share on revenue of $1.65 billion. The company beat consensus estimates by 1.61% while revenue grew 14.36% on a year-over-year basis.The company said it expects second quarter earnings of $4.42 to $4.46 per share and now expects 2024 earnings of $18.05 to $18.25 per share. The company's previous guidance was 2024 earnings of $17.85 to $18.15 per share. The current consensus estimate is earnings of $4.46 per share for the quarter ending June 30, 2024 and earnings of $18.08 per share for the year ending December 31, 2024.

Chevron (CVX) reported earnings of $2.93 per share on revenue of $48.72 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.84 per share on revenue of $51.17 billion. The Earnings Whisper number was $3.06 per share. The company missed expectations by 4.25% while revenue fell 4.09% compared to the same quarter a year ago.

Snap (SNAP) reported earnings of $0.03 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $0.04 per share on revenue of $1.12 billion. The Earnings Whisper number was a loss of $0.01 per share. The company beat expectations by 400.00%.The company said it expects second quarter revenue of $1.225 billion to $1.255 billion. The current consensus revenue estimate is $1.21 billion for the quarter ending June 30, 2024.

Microsoft (MSFT) reported earnings of $2.94 per share on revenue of $61.86 billion for the fiscal third quarter ended March 2024. The consensus earnings estimate was $2.81 per share on revenue of $60.77 billion. The Earnings Whisper number was $2.91 per share. The company beat expectations by 1.03% while revenue grew 17.03% on a year-over-year basis.

Alphabet (GOOGL) reported earnings of $1.89 per share on revenue of $80.54 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.49 per share on revenue of $78.61 billion. The Earnings Whisper number was $1.55 per share. The company beat expectations by 21.94% while revenue grew 15.41% on a year-over-year basis.

Intel (INTC) reported earnings of $0.18 per share on revenue of $12.72 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.11 per share on revenue of $12.77 billion. The Earnings Whisper number was $0.15 per share. The company beat expectations by 20.00% while revenue grew 8.61% on a year-over-year basis.The company said it expects second quarter non-GAAP earnings of approximately $0.10 per share on revenue of $12.50 billion to $13.50 billion. The current consensus earnings estimate is $0.25 per share on revenue of $13.60 billion for the quarter ending June 30, 2024.

Roku (ROKU) reported a loss of $0.35 per share on revenue of $881.47 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.64 per share on revenue of $850.97 million. The Earnings Whisper number was a loss of $0.56 per share. The company beat expectations by 37.50% while revenue grew 18.96% on a year-over-year basis.

Teradyne (TER) reported earnings of $0.51 per share on revenue of $599.82 million for the first quarter ended March 2024. The consensus earnings estimate was $0.33 per share on revenue of $566.46 million. The Earnings Whisper number was $0.37 per share. The company beat expectations by 37.84% while revenue fell 2.87% compared to the same quarter a year ago.The company said it expects second quarter earnings of $0.64 to $0.84 per share on revenue of $665.0 million to $725.0 million. The current consensus earnings estimate is $0.66 per share on revenue of $635.91 million for the quarter ending June 30, 2024.

Ford Motor (F) reported earnings of $0.49 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.42 per share on revenue of $40.64 billion. The Earnings Whisper number was $0.48 per share. The company beat expectations by 2.08%.

Meta Platforms (META) reported earnings of $4.71 per share on for the first quarter ended March 2024. The consensus earnings estimate was $4.32 per share on revenue of $36.15 billion. The Earnings Whisper number was $4.51 per share. The company beat expectations by 4.43%.

AT&T (T) reported earnings of $0.55 per share on revenue of $30.03 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.53 per share on revenue of $30.54 billion. The Earnings Whisper number was $0.53 per share. The company beat expectations by 3.77% while revenue fell 0.37% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.21 per share for the year ending December 31, 2024.

RTX (RTX) reported earnings of $1.34 per share on revenue of $19.31 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.23 per share on revenue of $18.41 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 6.35% while revenue grew 12.15% on a year-over-year basis.The company said it continues to expect 2024 earnings of $5.25 to $5.40 per share on revenue of $78.0 billion to $79.0 billion. The current consensus earnings estimate is $5.39 per share on revenue of $78.6 billion for the year ending December 31, 2024.

Tesla (TSLA) reported earnings of $0.45 per share on revenue of $21.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.49 per share on revenue of $22.71 billion. The Earnings Whisper number was $0.41 per share. The company beat expectations by 9.76% while revenue fell 8.69% compared to the same quarter a year ago.

Netflix (NFLX) reported earnings of $5.28 per share on revenue of $9.37 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.51 per share on revenue of $9.25 billion. The Earnings Whisper number was $4.61 per share. The company beat expectations by 14.53% while revenue grew 14.81% on a year-over-year basis.The company said it expects second quarter earnings of approximately $4.68 per share on revenue of approximately $9.49 billion. The current consensus earnings estimate is $4.53 per share on revenue of $9.53 billion for the quarter ending June 30, 2024.

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DOCU
FDX
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MESA
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Rig reporting tonight

ROKU Cpps at 58.58

  CP: 1100  500  600  500 / 1300   250  k0  250  250  650                
  ND: 900    ✔️ 400   ✔️ /  700    ✔️  0   ✔️  ✔️  350    
  SW: 400    0   150   0  /  300    0    0    0   0   150    
  T:  2000  500  1000  500 / 2000   250  0   250  250 1000

Susquehanna remains bullish on Roku long-term despite shares PT decrease
https://au.investing.com/news/company-news/susquehanna-remains-bullish-on-roku-longterm-despite-shares-pt-decrease-93CH-3222876
Published 29/04/2024, 10:24 pm

On Monday, Susquehanna maintained a Positive rating on Roku Inc. (NASDAQ: NASDAQ:ROKU) but lowered the price target to $80 from the previous $110.

The adjustment follows Roku's first-quarter earnings, which surpassed expectations in terms of revenue and profitability. Despite a generally fine outlook for the second quarter, the company faces challenges such as tougher comparisons and the impact of 606 accounting on platform revenue growth.

Roku's first-quarter performance indicated solid results, and while the second-quarter projections are generally positive, certain factors are expected to affect platform revenue growth. The company anticipates that platform growth will stabilize or potentially improve in the second half of the year. Seasonal increases in spending are forecasted to moderate EBITDA in the latter half, specifically impacting the sales and marketing line for devices.

Susquehanna's report suggests that Roku's journey may require time to fully develop, but the firm remains optimistic about the company's trajectory. Roku is seen as taking appropriate steps to strengthen its position and capitalize on the expansive connected TV (CTV) advertising market. The report indicates a belief that Roku is among the best-equipped companies to seize this significant opportunity in the advertising space.

In summary, while Roku is navigating through some complexities in the short term, the long-term perspective held by Susquehanna remains bullish. The lowered price target reflects immediate challenges but does not diminish the firm's confidence in Roku's strategic moves and its potential in the growing CTV advertising sector.

PYPL 64.01

 CP: 1000  300  250  300  50  / 1700  100  0  500  300  300  200                
 NB:  ✔️  200  250  200   50  /  250  150  0  ✔️  200  200  ✔️              
 TP: 1000  500  500  500  100 / 1000  250  0  500  500  500  200 

AMZN

Cpps at 180.53

Gaps 173.92, 159.76, 121.64 & 106.79

   TP:  500  100  100  100  / 500  100  0  100  100  100 100          
   BC:  ✔️   ✔️   ✔️  ✔️  / ✔️  ✔️  ✔️  ✔️   ✔️  ✔️  ✔️          
   H:   500  100  100  100  / 500  100  0  100  100  100 100

Tesla's 'watershed' moment in China helps lift Chinese electric vehicle stocks
https://www.msn.com/en-us/money/markets/tesla-s-watershed-moment-in-china-helps-lift-chinese-electric-vehicle-stocks

Tesla (NASDAQ:TSLA) ripped a 9.16% gain in premarket action to trade at its highest level since March 1. Elon Musk's weekend visit to China and reports that the company will partner with Baidu (BIDU) on mapping data collection have sparked the rally.

Wedbush Securities analyst Dan Ives said the long awaited FSD approval in China could be a watershed moment for Tesla (TSLA).

"While the long term valuation story at Tesla hinges on FSD and autonomous, a key missing piece in that puzzle is Tesla making FSD available in China which is now a done deal. We note Tesla has stored all data collected by its Chinese fleet in Shanghai since 2021 as required by regulators in Beijing," highlighted Ives.

Ives said the next pivotal step would be if Elon Musk is able to obtain approval from Beijing to transfer data collected in China abroad. That approval could accelerate of training of algorithms for Tesla's (TSLA) autonomous technology globally. "We also believe this trip will be significant for Tesla and Musk, further strengthening its EV footprint within the Chinese market at a pivotal time," added Ives.
Chinese electric vehicle maker Nio (NIO) rose 4.23% in premarket trading, while Li Auto (LI) gained 4.43%. XPeng (XPEV) was up 1.69% in the early session. BYD Company (OTCPK:BYDDF) was also higher in Hong Kong trading. The Chinese EV sector may be taking the Tesla (TSLA) developments as a positive sign that the U.S. and China can work together in the EV space.

Tesla shares surge as Elon Musk returns from China with FSD 'Game Changer'

Martin Baccardax
Mon, Apr 29, 2024, 5:42 AM MDT3 min read

Tesla (TSLA) shares powered higher Monday after the electric-car maker won a key endorsement for the rollout of its driver-assistance technologies in China following Chief Executive Elon Musk's surprise weekend visit to Beijing.

Musk is looking to use Tesla's driver-assistance technology, which it calls Full Self-Driving (FSD), as both a key plank in its longer-term growth story and an offset to slumping electric vehicle sales in key markets worldwide.

The world's second-richest man traveled to Beijing on Sunday as part of an unannounced visit that included a face-to-face meeting with Premier Li Qiang as he looks to persuade officials to both allow the rollout of FSD technologies in the world's biggest car market and potentially export the data it collects into Tesla's nascent AI-powered data centers.

The China Association of Automobile Manufacturers (CAAM) provided a key component of the first of Musk's ambitions by endorsing Tesla, along with scores of other domestic carmakers, as being compliant with China's data-security rules.

Multiple media reports also suggest Tesla was able to cut a deal with tech giant Baidu (BIDU) , often referred to as the Google of China, to support some of the mapping and navigation functions of its FSD technologies.

The endorsement from the China auto association marks a significant milestone in Tesla's FSD efforts in China, where sales have fallen to multiyear lows amid intense competition from low-cost rivals and amid the broader EV demand slump.

FSD approval is first step to autonomy

Tesla, which has around 1.7 million of its cars on the road in China, launched its FSD software around four years ago but was forced to limit some of its functioning owing in part to the country's data-collection rules.

However, Tesla likely also needs permission from Beijing to transfer data collected by its FSD software to its AI supercomputers in the U.S. in order to truly launch an autonomous driving option.

(Tesla's FSD technology does not render cars fully autonomous. The company urges drivers to keep their hands on the steering wheel, maintain strict attention to the road and be prepared to take corrective action as necessary.)

Musk has long argued that Tesla is not just a carmaker but rather is a collective of tech-focused startups. He sees these divisions as pivotal to his broader ambition of a creating a world packed with self-driving cars powered by his company's AI-led technologies.

Morgan Stanley analyst Adam Jonas has said Tesla's DoJo supercomputer, which is powered by AI technologies, could add more than $500 million to Tesla's market value "through a faster adoption rate in mobility (robotaxis) and network services (software as a service)" over the coming years.

"If Musk is able to obtain approval from Beijing to transfer data collected in China abroad, this would be a 'game changer' around the acceleration of training its algorithms for its autonomous technology globally," said Wedbush analyst Dan Ives, who carries an outperform rating and a $275 price target on the stock.

"While demand challenges exist in China for Tesla, [Wall Street] is looking through this painful transition period for the long-term growth story to emerge for Musk & Co., with FSD a key ingredient in that recipe for success," he added.

Tesla shares were marked 10.5% higher in premarket trading to indicate an opening bell price of $185.93 each, the highest since early March.

Cathie Wood’s recent Tesla stock buys pay off

Famed money manager Cathie Wood is an unabashed admirer of Musk and his goal for a transformation to clean-energy cars from internal combustion engine, or ICE, vehicles.

Earlier this month, she reiterated her $2,000 forecast for Tesla shares (they traded at $166 on April 25). She initiated that goal a year earlier. So, it’s no surprise that Tesla is the biggest holding in Wood’s flagship Ark Innovation ETF (ARKK) .

She regularly buys Tesla stock when it’s falling and picked up a combined 151,982 on April 19 and April 22. That bloc was worth $21.6 million as of the April 22 close, the day before the earnings report.

The stock’s ascent since then has lifted Ark Innovation’s Tesla holding by almost $100 million to $694.9 million as of the April 24 close. That’s quite a killing in only two days.

IRBT 7.77 4/26

IRBT 7.76 + .88 (12.65%) 1.4M
Above Avg volume

NHTSA closes Tesla deadly autopilot probe, opens new investigation over fixes
12:13:00 PM ET, 04/26/2024 - United Press International
The National Highway Traffic Safety Administration closed an investigation into the Autopilot feature on certain Tesla models, while at the same time opening a new probe into the car maker's fix of the problem.

In a news release issued Friday, the administration's Office of Defects Investigation concluded more than a dozen fatal crashes involving Tesla vehicles were the fault of the driver incorrectly using settings, and not exclusively Autopilot.

The ODI identified at least 13 crashes involving one or more fatalities "in which foreseeable driver misuse of the system played an apparent role," the NHTSA said in the statement.

In December, Tesla announced a recall affecting around 2 million of its cars over crash risks related to their autopilot controls.

A month prior, a jury in California found the company was not responsible for a 2019 crash that killed a Model 3 owner and seriously injured two passengers.

The new NHTSA investigation announced Friday will now look at whether or not the fixes implemented by the Texas-based electric vehicle adequately addressed the issue.

"Following deployment of the remedy in (Tesla) Recall 23V838, ODI identified concerns due to post-remedy crash events and results from preliminary NHTSA tests of remedied vehicles," the administration said in the statement Friday.

"Also, Tesla has stated that a portion of the remedy both requires the owner to opt in and allows a driver to readily reverse it. Tesla has also deployed non-remedy updates to address issues that appear related to ODI's concerns under [a recall]. This investigation will consider why these updates were not a part of the recall or otherwise determined to remedy a defect that poses an unreasonable safety risk."

One of the fixes announced by Tesla at the time was to restrict some of the Autopilot features.

Evidence discovered during the previous investigation discovered "Tesla's weak driver engagement system was not appropriate for Autopilot's permissive operating capabilities," the ODI said in documents released Friday.

"This mismatch resulted in a critical safety gap between drivers' expectations of [Autopilot's] operating capabilities and the system's true capabilities. This gap led to foreseeable misuse and avoidable crashes."

The news comes after Tesla earlier in the week released its 2024 first quarter financial results.

The company had not responded to the NHTSA news as of 12 p.m. EDT Friday.

GOOGL gap 156.49 &AMZN gap 173.92

earnings Googl

Roku's warning on ad-supported streaming competition clouds upbeat earnings
19:39:05 PM ET, 04/25/2024 - Reuters
(Adds details from Roku throughout and analyst comment in paragraph 9)

April 25 (Reuters) - Roku warned that a push by streaming rivals towards ad-supported offerings could weigh on its growth this year, taking the shine off its strong quarterly results and sending its shares down nearly 3% in extended trading on Thursday.

Roku, which sells streaming devices and has its own free, ad-supported channel, has seen more people turn to its platform as major streamers such as Netflix increased prices and economic uncertainty pressured consumer spending.

But the company executives said Roku faces "difficult year-over-year growth rate comparisons within streaming service distribution activities. This headwind is due to past price increases and a higher mix shift toward ad-supported offerings".

Major streaming services, including Netflix, have in the past year focused on growing their more affordable, ad-supported offerings as they look to maintain subscriber growth in an uncertain economic environment.

Still, Roku's earnings for the January-March quarter and a second-quarter sales forecast that was above Street estimates showed the company was benefiting from strong ad sales and the ongoing shift to streaming from cable TV.

The company posted net revenue of $881.5 million in the first quarter, compared with LSEG estimates of $848.6 million.

Roku's revenue from its platform segment, which includes digital ads and ad-free tier subscriptions, as well as from its streaming devices and TV each increased 19%.

The company ended the first quarter with 81.6 million "streaming households" (active accounts), a net increase of 1.6 million from the previous quarter.

"In an environment where engagement is at a premium, Roku continues to see strong growth in both the size of its base and amount of time spent on its platform," said Jamie Lumley, senior analyst at Third Bridge.

Roku forecast second-quarter revenue at $935 million, above analysts' average estimate of $931.4 million.

SNAP Gap 11.40

Earnings 4-26-24

RIG 4-29 A
RMBS 4-29 A

MMM 4-30 B
PYPL 4-30 B
KO 4-30 B
MCD 4-30 B
SBUX 4-30 A
AMZN 4-30 A
SMCI 4-30 A

QCOM 5-1 A

AAPL 5-2 A
SQ 5-2 A
RKT 5-2 A

PLTR 5-6 A

DIS 5-7 B
BP 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A
TWLO 5-7 A
IRBT 5-7 A

SHOP 5-8 B
PERI 5-8 B
TTD 5-8 A
ABNB 5-8 A

RBLX 5-9 B

HD 5-14 B

CSCO 5-15 A

WMT 5-16 B

NVDA 5-22 A
________________________________________________________

Roper Technologies (ROP) reported earnings of $4.41 per share on revenue of $1.68 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.34 per share on revenue of $1.65 billion. The company beat consensus estimates by 1.61% while revenue grew 14.36% on a year-over-year basis.The company said it expects second quarter earnings of $4.42 to $4.46 per share and now expects 2024 earnings of $18.05 to $18.25 per share. The company's previous guidance was 2024 earnings of $17.85 to $18.15 per share. The current consensus estimate is earnings of $4.46 per share for the quarter ending June 30, 2024 and earnings of $18.08 per share for the year ending December 31, 2024.

Chevron (CVX) reported earnings of $2.93 per share on revenue of $48.72 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.84 per share on revenue of $51.17 billion. The Earnings Whisper number was $3.06 per share. The company missed expectations by 4.25% while revenue fell 4.09% compared to the same quarter a year ago.

Snap (SNAP) reported earnings of $0.03 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $0.04 per share on revenue of $1.12 billion. The Earnings Whisper number was a loss of $0.01 per share. The company beat expectations by 400.00%.The company said it expects second quarter revenue of $1.225 billion to $1.255 billion. The current consensus revenue estimate is $1.21 billion for the quarter ending June 30, 2024.

Microsoft (MSFT) reported earnings of $2.94 per share on revenue of $61.86 billion for the fiscal third quarter ended March 2024. The consensus earnings estimate was $2.81 per share on revenue of $60.77 billion. The Earnings Whisper number was $2.91 per share. The company beat expectations by 1.03% while revenue grew 17.03% on a year-over-year basis.

Alphabet (GOOGL) reported earnings of $1.89 per share on revenue of $80.54 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.49 per share on revenue of $78.61 billion. The Earnings Whisper number was $1.55 per share. The company beat expectations by 21.94% while revenue grew 15.41% on a year-over-year basis.

Intel (INTC) reported earnings of $0.18 per share on revenue of $12.72 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.11 per share on revenue of $12.77 billion. The Earnings Whisper number was $0.15 per share. The company beat expectations by 20.00% while revenue grew 8.61% on a year-over-year basis.The company said it expects second quarter non-GAAP earnings of approximately $0.10 per share on revenue of $12.50 billion to $13.50 billion. The current consensus earnings estimate is $0.25 per share on revenue of $13.60 billion for the quarter ending June 30, 2024.

Roku (ROKU) reported a loss of $0.35 per share on revenue of $881.47 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.64 per share on revenue of $850.97 million. The Earnings Whisper number was a loss of $0.56 per share. The company beat expectations by 37.50% while revenue grew 18.96% on a year-over-year basis.

Teradyne (TER) reported earnings of $0.51 per share on revenue of $599.82 million for the first quarter ended March 2024. The consensus earnings estimate was $0.33 per share on revenue of $566.46 million. The Earnings Whisper number was $0.37 per share. The company beat expectations by 37.84% while revenue fell 2.87% compared to the same quarter a year ago.The company said it expects second quarter earnings of $0.64 to $0.84 per share on revenue of $665.0 million to $725.0 million. The current consensus earnings estimate is $0.66 per share on revenue of $635.91 million for the quarter ending June 30, 2024.

Ford Motor (F) reported earnings of $0.49 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.42 per share on revenue of $40.64 billion. The Earnings Whisper number was $0.48 per share. The company beat expectations by 2.08%.

Meta Platforms (META) reported earnings of $4.71 per share on for the first quarter ended March 2024. The consensus earnings estimate was $4.32 per share on revenue of $36.15 billion. The Earnings Whisper number was $4.51 per share. The company beat expectations by 4.43%.

AT&T (T) reported earnings of $0.55 per share on revenue of $30.03 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.53 per share on revenue of $30.54 billion. The Earnings Whisper number was $0.53 per share. The company beat expectations by 3.77% while revenue fell 0.37% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.21 per share for the year ending December 31, 2024.

RTX (RTX) reported earnings of $1.34 per share on revenue of $19.31 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.23 per share on revenue of $18.41 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 6.35% while revenue grew 12.15% on a year-over-year basis.The company said it continues to expect 2024 earnings of $5.25 to $5.40 per share on revenue of $78.0 billion to $79.0 billion. The current consensus earnings estimate is $5.39 per share on revenue of $78.6 billion for the year ending December 31, 2024.

Tesla (TSLA) reported earnings of $0.45 per share on revenue of $21.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.49 per share on revenue of $22.71 billion. The Earnings Whisper number was $0.41 per share. The company beat expectations by 9.76% while revenue fell 8.69% compared to the same quarter a year ago.

Netflix (NFLX) reported earnings of $5.28 per share on revenue of $9.37 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.51 per share on revenue of $9.25 billion. The Earnings Whisper number was $4.61 per share. The company beat expectations by 14.53% while revenue grew 14.81% on a year-over-year basis.The company said it expects second quarter earnings of approximately $4.68 per share on revenue of approximately $9.49 billion. The current consensus earnings estimate is $4.53 per share on revenue of $9.53 billion for the quarter ending June 30, 2024.

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AI
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Google Earnings Handily Beat Wall Street Targets. Google Stock Dividend Approved.
https://www.investors.com/news/technology/google-earnings-google-stock-news-q12024/?src=A00220
REINHARDT KRAUSE04:22 PM ET 04/25/2024

Alphabet (GOOGL) on Thursday reported first-quarter earnings and revenue that handily beat consensus estimates. The company announced its first ever dividend, sending Google stock soaring.

Reported after the market close, Google earnings came in at $1.89 per share, up 61% from a year earlier. Further, gross revenue rose 15% to $80.54 billion.

Analysts had predicted Google earnings of $1.51 per share on revenue of $78.7 billion.

The tech giant reports earnings under generally accepted accounting principles, also known as GAAP.

Google Stock: Cloud, YouTube Results Beat

Also, advertising revenue rose 13% to $61.66 billion, topping estimates of $60.44 billion.

Meanwhile, YouTube ad revenue rose 21% to $8.1 billion, beating estimates of $7.7 billion.

Google said cloud-computing revenue rose 28% to $9.574 billion, well above estimates of $9.4 billion.

GOOGL stock holds a Composite Rating of 97 out of a best-possible 99, according to IBD Stock Checkup.

On the stock market today, Google stock jumped more than 13% to 176.65 in extended trading.

Further, Alphabet announced a new $70 billion stock buyback.

Heading into the Google earnings report, the big-cap internet stock had advanced 11% in 2024. Shares gained in March on reports of a pending artificial intelligence-related deal with Apple (AAPL). But Google stock retreated in Thursday's regular session on worries over capital spending soaring as tech giants compete in generative AI.

Earnings 4-25-24

ROP 4-26 B
CVX 4-26 B

RIG 4-29 A
RMBS 4-29 A

MMM 4-30 B
PYPL 4-30 B
KO 4-30 B
MCD 4-30 B
SBUX 4-30 A
AMZN 4-30 A
SMCI 4-30 A

QCOM 5-1 A

AAPL 5-2 A
SQ 5-2 A
RKT 5-2 A

PLTR 5-6 A

DIS 5-7 B
BP 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A
TWLO 5-7 A
IRBT 5-7 A

SHOP 5-8 B
PERI 5-8 B
TTD 5-8 A
ABNB 5-8 A

RBLX 5-9 B

HD 5-14 B

CSCO 5-15 A

WMT 5-16 B

NVDA 5-22 A
________________________________________________________

Snap (SNAP) reported earnings of $0.03 per share on for the first quarter ended March 2024. The consensus estimate was a loss of $0.04 per share on revenue of $1.12 billion. The Earnings Whisper number was a loss of $0.01 per share. The company beat expectations by 400.00%.The company said it expects second quarter revenue of $1.225 billion to $1.255 billion. The current consensus revenue estimate is $1.21 billion for the quarter ending June 30, 2024.

Microsoft (MSFT) reported earnings of $2.94 per share on revenue of $61.86 billion for the fiscal third quarter ended March 2024. The consensus earnings estimate was $2.81 per share on revenue of $60.77 billion. The Earnings Whisper number was $2.91 per share. The company beat expectations by 1.03% while revenue grew 17.03% on a year-over-year basis.

Alphabet (GOOGL) reported earnings of $1.89 per share on revenue of $80.54 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.49 per share on revenue of $78.61 billion. The Earnings Whisper number was $1.55 per share. The company beat expectations by 21.94% while revenue grew 15.41% on a year-over-year basis.

Intel (INTC) reported earnings of $0.18 per share on revenue of $12.72 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.11 per share on revenue of $12.77 billion. The Earnings Whisper number was $0.15 per share. The company beat expectations by 20.00% while revenue grew 8.61% on a year-over-year basis.The company said it expects second quarter non-GAAP earnings of approximately $0.10 per share on revenue of $12.50 billion to $13.50 billion. The current consensus earnings estimate is $0.25 per share on revenue of $13.60 billion for the quarter ending June 30, 2024.

Roku (ROKU) reported a loss of $0.35 per share on revenue of $881.47 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.64 per share on revenue of $850.97 million. The Earnings Whisper number was a loss of $0.56 per share. The company beat expectations by 37.50% while revenue grew 18.96% on a year-over-year basis.

Teradyne (TER) reported earnings of $0.51 per share on revenue of $599.82 million for the first quarter ended March 2024. The consensus earnings estimate was $0.33 per share on revenue of $566.46 million. The Earnings Whisper number was $0.37 per share. The company beat expectations by 37.84% while revenue fell 2.87% compared to the same quarter a year ago.The company said it expects second quarter earnings of $0.64 to $0.84 per share on revenue of $665.0 million to $725.0 million. The current consensus earnings estimate is $0.66 per share on revenue of $635.91 million for the quarter ending June 30, 2024.

Ford Motor (F) reported earnings of $0.49 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.42 per share on revenue of $40.64 billion. The Earnings Whisper number was $0.48 per share. The company beat expectations by 2.08%.

Meta Platforms (META) reported earnings of $4.71 per share on for the first quarter ended March 2024. The consensus earnings estimate was $4.32 per share on revenue of $36.15 billion. The Earnings Whisper number was $4.51 per share. The company beat expectations by 4.43%.

AT&T (T) reported earnings of $0.55 per share on revenue of $30.03 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.53 per share on revenue of $30.54 billion. The Earnings Whisper number was $0.53 per share. The company beat expectations by 3.77% while revenue fell 0.37% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.21 per share for the year ending December 31, 2024.

RTX (RTX) reported earnings of $1.34 per share on revenue of $19.31 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.23 per share on revenue of $18.41 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 6.35% while revenue grew 12.15% on a year-over-year basis.The company said it continues to expect 2024 earnings of $5.25 to $5.40 per share on revenue of $78.0 billion to $79.0 billion. The current consensus earnings estimate is $5.39 per share on revenue of $78.6 billion for the year ending December 31, 2024.

Tesla (TSLA) reported earnings of $0.45 per share on revenue of $21.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.49 per share on revenue of $22.71 billion. The Earnings Whisper number was $0.41 per share. The company beat expectations by 9.76% while revenue fell 8.69% compared to the same quarter a year ago.

Netflix (NFLX) reported earnings of $5.28 per share on revenue of $9.37 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.51 per share on revenue of $9.25 billion. The Earnings Whisper number was $4.61 per share. The company beat expectations by 14.53% while revenue grew 14.81% on a year-over-year basis.The company said it expects second quarter earnings of approximately $4.68 per share on revenue of approximately $9.49 billion. The current consensus earnings estimate is $4.53 per share on revenue of $9.53 billion for the quarter ending June 30, 2024.

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MSFT Earnings Release FY24 Q3
Microsoft Cloud Strength Fuels Third Quarter Results

REDMOND, Wash. — April 25, 2024 — Microsoft Corp. today announced the following results for the quarter ended March 31, 2024, as compared to the corresponding period of last fiscal year:

· Revenue was $61.9 billion and increased 17%

· Operating income was $27.6 billion and increased 23%

· Net income was $21.9 billion and increased 20%

· Diluted earnings per share was $2.94 and increased 20%

“Microsoft Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry," said Satya Nadella, chairman and chief executive officer of Microsoft.

“This quarter Microsoft Cloud revenue was $35.1 billion, up 23% year-over-year, driven by strong execution by our sales teams and partners,” said Amy Hood, executive vice president and chief financial officer of Microsoft.

Business Highlights

Revenue in Productivity and Business Processes was $19.6 billion and increased 12% (up 11% in constant currency), with the following business highlights:

· Office Commercial products and cloud services revenue increased 13% (up 12% in constant currency) driven by Office 365 Commercial revenue growth of 15%

· Office Consumer products and cloud services revenue increased 4% and Microsoft 365 Consumer subscribers grew to 80.8 million

· LinkedIn revenue increased 10% (up 9% in constant currency)

· Dynamics products and cloud services revenue increased 19% (up 17% in constant currency) driven by Dynamics 365 revenue growth of 23% (up 22% in constant currency)

Revenue in Intelligent Cloud was $26.7 billion and increased 21%, with the following business highlights:

· Server products and cloud services revenue increased 24% driven by Azure and other cloud services revenue growth of 31%

Revenue in More Personal Computing was $15.6 billion and increased 17%, with the following business highlights:

· Windows revenue increased 11% with Windows OEM revenue growth of 11% and Windows Commercial products and cloud services revenue growth of 13% (up 12% in constant currency)

· Devices revenue decreased 17% (down 16% in constant currency)

· Xbox content and services revenue increased 62% (up 61% in constant currency) driven by 61 points of net impact from the Activision acquisition

· Search and news advertising revenue excluding traffic acquisition costs increased 12%

Microsoft returned $8.4 billion to shareholders in the form of share repurchases and dividends in the third quarter of fiscal year 2024.

RBRK : Rubrik Inc

RBRK Stock IPO: 7 Things to Know as Rubrik Starts Trading Today
Wall Street is watching this key IPO closely today

By Samuel O'Brient, InvestorPlace Reporter
https://investorplace.com/2024/04/rbrk-stock-ipo-7-things-to-know-as-rubrik-starts-trading-today/

Software unicorn Rubrik (RBRK) begins trading today on the New York Stock Exchange.
This initial public offering (IPO) could usher in a new chapter for the tech sector.

Operating in a fast-growing market, Rubrik boasts a list of prominent backers and clients.

Since the noteworthy Reddit (NYSE:RDDT) initial public offering (IPO) that rocked markets in March, Wall Street hasn’t witnessed any more exciting trading debuts. However, that looks like it will change today as a fast-growing tech startup begins its journey as a publicly traded company.

Rubrik (NYSE:RBRK) is based out of Palo Alto, California and operates in the cloud data management and security space. Its decision to go public could signal that the tech IPO market is finally mounting a comeback after years of stagnating as investors focused on bigger stocks. Today, Wall Street will be looking to determine whether the RBRK stock IPO will be a crucial turning point for the tech sector, compelling similar companies to follow suit.

Renaissance Capital Senior IPO strategist Matt Kennedy spoke to Fortune about the potential implications of this key trading debut:

“There are dozens of unprofitable tech unicorns waiting to go public. So if this does well, I’d expect a number of those to move forward […] There’s some excitement over finally getting that high-growth tech company. But at the same time, investors will be quick to pull their money out if they don’t see a good result.”

With that in mind, the stakes are high as the RBRK stock IPO begins trading today. What else should investors know about the latest unicorn to go public? Let’s take a closer look.

RBRK Stock IPO: What to Know

Founded in 2014, Rubrik boasts a mission to “secure the world’s data.” Its website claims that, by next year, its cybercrime business will be worth up to $10 trillion.

In an S-1 filing with the U.S. Securities and Exchange Commission (SEC), Rubrik revealed that it ended January 2024 with 3,100 staff members located in 23 countries.

RBRK stock is priced at $32 per share as it begins trading today, which is expected to raise $752 million. That price is higher than the original estimation, which ranged between $28 and $31 per share.

According to a statement released by the company, the RBRK stock IPO consists of 23.5 million shares of Class A common stock.

Reuters reports that, following the IPO, Rubrik will be valued at roughly $5.6 billion “based on the outstanding shares listed in its filing with the [SEC].”

Tech sector leader Microsoft (NASDAQ:MSFT) made an equity investment in Rubrik in 2021. Other backers include Bain Capital Ventures, Lightspeed Venture Partners and Khosla Ventures.

Rubrik’s software is used by many high-profile clients spanning different industries. Its customer list includes Goldman Sachs (NYSE:GS) and Citigroup (NYSE:C), among others.

META on earnings 493.50 close 4/24

400.50 gap up (on last earnings 2/1/24)
Gapping down with cpps Pre trade 419.30



(Finviz name blooper. wonder if they will ever fix that? Charts correct though)

GOOGL / AMZN to gap down

GOOGL reports 4/25 A AMZN 4-30A
TrK to RB HS sold on CP's:
93Lo/85Lo
143.18 gap/159.76 gap
159.13/176.59 close 4/25
152.00/171.00 pretrade
CP was on 4/15

GOOGL 154.93 (131's) 200,100, 50,100/300,150,0,100,150,150


AMZN 183.86(153's) 100,75,75,75,/100,75,0,75,75,75

Teradyne (TER) reported earnings of $0.51 per share on revenue of $599.82 million for the first quarter ended March 2024. The consensus earnings estimate was $0.33 per share on revenue of $566.46 million. The Earnings Whisper number was $0.37 per share. The company beat expectations by 37.84% while revenue fell 2.87% compared to the same quarter a year ago.The company said it expects second quarter earnings of $0.64 to $0.84 per share on revenue of $665.0 million to $725.0 million. The current consensus earnings estimate is $0.66 per share on revenue of $635.91 million for the quarter ending June 30, 2024.

Earnings 4-24-24


TER 4-24 A

MSFT 4-25 A
GOOGL 4-25 A
INTC 4-25 A
RKT 4-25 A
ROKU 4-25 A

ROP 4-26 B
CVX 4-26 B

RIG 4-29 A
RMBS 4-29 A

MMM 4-30 B
PYPL 4-30 B
KO 4-30 B
MCD 4-30 B
SBUX 4-30 A
AMZN 4-30 A
SMCI 4-30 A

QCOM 5-1 A

AAPL 5-2 A
SQ 5-2 A

PLTR 5-6 A

DIS 5-7 B
BP 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A
TWLO 5-7 A

SHOP 5-8 B
PERI 5-8 B
TTD 5-8 A

RBLX 5-9 B

HD 5-14 B

CSCO 5-15 A

WMT 5-16 B

NVDA 5-22 A
________________________________________________________

Ford Motor (F) reported earnings of $0.49 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.42 per share on revenue of $40.64 billion. The Earnings Whisper number was $0.48 per share. The company beat expectations by 2.08%.

Meta Platforms (META) reported earnings of $4.71 per share on for the first quarter ended March 2024. The consensus earnings estimate was $4.32 per share on revenue of $36.15 billion. The Earnings Whisper number was $4.51 per share. The company beat expectations by 4.43%.

AT&T (T) reported earnings of $0.55 per share on revenue of $30.03 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.53 per share on revenue of $30.54 billion. The Earnings Whisper number was $0.53 per share. The company beat expectations by 3.77% while revenue fell 0.37% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.21 per share for the year ending December 31, 2024.

RTX (RTX) reported earnings of $1.34 per share on revenue of $19.31 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.23 per share on revenue of $18.41 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 6.35% while revenue grew 12.15% on a year-over-year basis.The company said it continues to expect 2024 earnings of $5.25 to $5.40 per share on revenue of $78.0 billion to $79.0 billion. The current consensus earnings estimate is $5.39 per share on revenue of $78.6 billion for the year ending December 31, 2024.

Tesla (TSLA) reported earnings of $0.45 per share on revenue of $21.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.49 per share on revenue of $22.71 billion. The Earnings Whisper number was $0.41 per share. The company beat expectations by 9.76% while revenue fell 8.69% compared to the same quarter a year ago.

Netflix (NFLX) reported earnings of $5.28 per share on revenue of $9.37 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.51 per share on revenue of $9.25 billion. The Earnings Whisper number was $4.61 per share. The company beat expectations by 14.53% while revenue grew 14.81% on a year-over-year basis.The company said it expects second quarter earnings of approximately $4.68 per share on revenue of approximately $9.49 billion. The current consensus earnings estimate is $4.53 per share on revenue of $9.53 billion for the quarter ending June 30, 2024.

________________________________________________________________________________________________________________________

ABNB
AI
DOCU
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Hi EU, Re: TSLA moves......................

Here's TSLA share price ratio'd to Ford for the last three years.

https://schrts.co/HmFzJEuW

Maybe there's a way to trade them as a paired set? Right now that might suggest selling some Ford shares and adding to the TSLA share pile. Then, wait for the trends to reverse and shuffle TSLA shares out and add to the F position. The F side hands out a ~5% yield while you wait.

They're not perfectly paired since they both belong to the same industry, but it looks like some possibilities.
https://stockcharts.com/freecharts/perf.php?TSLA,F&n=821&O=011000

Maybe play then like a Slinkie. One is up and shift some of the slinkie from one hand to the other. Then let the Slinkie handle them in the opposite direction. Average yield if each position was 50% to start would be nearly 2.5%. Let one's good days help pay for the other's bad days.

Whaddya think?

Best wishes,
OAG Tom

AT&T (T) reported earnings of $0.55 per share on revenue of $30.03 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.53 per share on revenue of $30.54 billion. The Earnings Whisper number was $0.53 per share. The company beat expectations by 3.77% while revenue fell 0.37% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.21 per share for the year ending December 31, 2024.

RIG

Cpps @ 5.76 4/24/24
146rgs/RB to TP started

  CP:  12500  5000  5000  7500   2500  250  250  / 11250  5000  2000  2000  5000  5000           
  NB:  2500   1000  1000  1000     0   250  250  / 1250   1000  1000  1000  1000  1000           
  TP:  20000  10000 10000 10000  2500  500  500  / 20000  10000 5000  10000 10000 10000

RIG cpps 5.72

5d 5.74
50d 5.66

TSLA Gap 147.26

AMZN Gap 159.76, GOOGL Gap 143.18, SQ Gap at 68.44


TWLO Gap 54.43, 51.24 / PLTR Gap 17.87/AAPL 158.49


DOCU Gap 54.11 / RBLX Gap at 32.12/TSLA 147.26


PYPL 54.72 / SHOP 62.41

Tesla puts bleak Q1 results in rearview mirror by accelerating timeline for affordable EVs
09:59:08 AM ET, 04/24/2024 - Briefing.com

For the third consecutive quarter, Tesla (TSLA) fell short of EPS estimates while revenue in Q1 declined by 8.7% yr/yr to $21.3 bln, also missing expectations and representing the EV maker's first sales decrease since 2Q20. Yet, TSLA shares are charging higher today, registering some much-needed gains after the stock's 43% year-to-date plunge.

The rebound is partly attributable to the muted expectations surrounding this earnings report and the simple fact that this weak quarter is now in the rearview mirror. After TSLA reported disappointing Q1 deliveries on April 2, followed by news of steep shipment declines at its Shanghai facility and a fresh round of price cuts in the U.S., a dismal quarterly report was essentially a given. Now that it's in the books, investors can set their sights on more positive developments.On that note, TSLA disclosed in its Q1 shareholder letter that it has "updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025." This future vehicle line-up will include the highly anticipated affordable "Model 2", which is expected to have a price tag under $30,000.The update comes as a pleasant surprise because back on April 5, Reuters reported that TSLA was looking to scrap plans to build its mass-market car mainly due to rising competition in China. Indeed, in the weeks leading up to last night's Q1 earnings report, it appeared as if Elon Musk had shifted gears as he focuses on launching a robotaxi in the 2025/2026 timeframe.

On April 8, Musk looked to spark some excitement for the robotaxi, announcing that it will be unveiled on August 8.However, investors weren't taking the bait as the prospects of TSLA cancelling plans to launch Model 2 forced analysts to rethink their EPS and revenue expectations for FY26 and beyond. Now, TSLA hasn't just put Model 2 back on the table, but it has also sped up the timeline, aiming to begin production ahead of its previously communicated start in 2H25. Of course, given Musk's propensity of being overly optimistic regarding new product launches, this should be taken with a grain of salt.Nevertheless, TSLA confirming that Model 2 is still in the works comes as a relief and helps change the bearish narrative that has enveloped TSLA this year. With a legitimate growth catalyst on the horizon, that TSLA believes will enable more than 50% growth over 2023 production, the focus turns away from a Q1 that was quite dismal.Driven by eroding ASPs, gross margin decreased again, slipping by 20 bps qtr/qtr and by 199 bps yr/yr to 17.4%. Meanwhile, operating expenses continue to climb higher, increasing by 37% yr/yr to $2.53 bln as TSLA ramps up its investments in AI infrastructure to enhance its FSD technology.

The main takeaway is that TSLA's Q1 results were weak across the board, but that was widely anticipated and largely baked into the stock. By disclosing its plans to accelerate the launch of more affordable vehicles, TSLA has swung the narrative back to a more bullish manner as the next significant growth catalyst is back on the table.

ZM 61.62

TSLA 144.68 close 4/23 Gap up tomorrow Curr + 16.74 (161.44) AH

139/176 HB for now

ROKU 61.74 new gap 58.63

Gap filled and new gap 58.63

Earnings 4-23-24

T 4-24 B
TER 4-24 A
META 4-24 A

MSFT 4-25 A
GOOGL 4-25 A
INTC 4-25 A
RKT 4-25 A
ROKU 4-25 A

ROP 4-26 B
CVX 4-26 B

RIG 4-29 A
RMBS 4-29 A

MMM 4-30 B
PYPL 4-30 B
KO 4-30 B
MCD 4-30 B
SBUX 4-30 A
AMZN 4-30 A
SMCI 4-30 A

QCOM 5-1 A

AAPL 5-2 A
SQ 5-2 A

PLTR 5-6 A

DIS 5-7 B
BP 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A
TWLO 5-7 A

SHOP 5-8 B
PERI 5-8 B
TTD 5-8 A

RBLX 5-9 B

HD 5-14 B

CSCO 5-15 A

WMT 5-16 B

NVDA 5-22 A
________________________________________________________

RTX (RTX) reported earnings of $1.34 per share on revenue of $19.31 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.23 per share on revenue of $18.41 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 6.35% while revenue grew 12.15% on a year-over-year basis.The company said it continues to expect 2024 earnings of $5.25 to $5.40 per share on revenue of $78.0 billion to $79.0 billion. The current consensus earnings estimate is $5.39 per share on revenue of $78.6 billion for the year ending December 31, 2024.

Tesla (TSLA) reported earnings of $0.45 per share on revenue of $21.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.49 per share on revenue of $22.71 billion. The Earnings Whisper number was $0.41 per share. The company beat expectations by 9.76% while revenue fell 8.69% compared to the same quarter a year ago.

Netflix (NFLX) reported earnings of $5.28 per share on revenue of $9.37 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.51 per share on revenue of $9.25 billion. The Earnings Whisper number was $4.61 per share. The company beat expectations by 14.53% while revenue grew 14.81% on a year-over-year basis.The company said it expects second quarter earnings of approximately $4.68 per share on revenue of approximately $9.49 billion. The current consensus earnings estimate is $4.53 per share on revenue of $9.53 billion for the quarter ending June 30, 2024.

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