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Industrial stock tied to the AI boom reports strong quarter. We like it, for now
Eaton , a maker of power management solutions for AI data centers and other commercial markets, delivered a solid quarter on Friday that raised more questions for us than it answered. Earnings per share for the first quarter ended in…
Venmo gaining ground in payments as Cash App struggles
In the increasingly crowded market for peer-to-peer payments, Venmo is showing momentum while Cash App has hit a rough patch.The parents of both businesses reported quarterly results this week. PayPal, which owns Venmo, reported an…
Block plunges 20% as Cash App miss triggers downgrades
Block shares were on track for their second-worst day Friday, plunging more than 20% as investors digested a brutal quarterly report and a wave of analyst downgrades centered on one issue: Cash App.The first-quarter earnings miss rattled…
Oil major Shell launches $3.5 billion share buyback after first-quarter profit beat
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas.Brandon Bell | Getty Images News | Getty ImagesBritish oil giant Shell on Friday reported a sharp fall in first-quarter profit, following a period of weaker…
Block shares plunge 18% as company takes ‘cautious stance,’ issues weak guidance for
Block reported first-quarter results that missed Wall Street expectations on Thursday and issued a disappointing outlook. The stock tumbled 15% in extended trading.Here is how the company did, compared to analysts' consensus estimates…
Eli Lilly sales soar 45% on weight loss drug demand, but drugmaker cuts profit outlook
Eli Lilly on Thursday reported first-quarter revenue and earnings that topped estimates as demand for its weight loss and diabetes drugs soared, but lowered its full-year profit guidance due to charges related to a recent cancer…
Microsoft quiets critics, delivers the kind of quarter worthy of its post-earnings stock
Microsoft delivered a strong quarter Wednesday evening, with beats nearly across the board. The biggest standout was Azure's accelerating revenue growth, which caught the market by surprise. Revenue increased 13% year over year to about…
Snap sinks 14% after withholding guidance, citing ad concerns
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty ImagesSnap shares fell more than 14%…
Volkswagen posts 37% drop in first-quarter profit, says Trump tariffs could weigh on
An American flag flies beyond the Volkswagen logo displayed at a Volkswagen dealership on April 4, 2025 in Pasadena, California.Mario Tama | Getty Images News | Getty ImagesGerman auto giant Volkswagen on Wednesday reported a substantial…
Snap plunges 13% on ‘headwinds’ to start quarter, inability to offer guidance
Snap CEO Evan Spiegel speaks during the Semafor World Economy Summit 2025 at Conrad Washington in Washington, D.C., on April 23, 2025.Kayla Bartkowski | Getty ImagesSnap reported better-than-expected first-quarter revenue Tuesday but…