Wells Fargo Reports First Quarter 2024 Financial Results

Reuters
Match Group expects quarterly revenue below estimates as spending on dating apps falls
Tinder-parent Match Group forecast second-quarter revenue below Wall Street estimates on Tuesday, as users are likely to dial back spending on dating apps. Match Group - which offers dating apps services such as Hinge, Tinder, OkCupid and Plenty of Fish, among others - has been grappling with slowing revenue due to weaker discretionary spending by users in an uncertain economy.
Yahoo Finance
Rivian reports mixed Q1 results, but trims capex forecast and sees Q4 'gross profit'
Rivian will give investors a crucial first quarter update on its financials as the pure-play adventure EV maker attempts to turn the tide from losses to profit this year.
Reuters
Bankrupt Steward Health puts its hospitals up for sale, discloses $9 bln in debt
Bankrupt Steward Health Care has put all of its 31 U.S. hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total liabilities, its attorneys said at a Tuesday court hearing in Houston. Steward, which filed for bankruptcy protection on Monday, hopes to keep all of its hospitals open over the long term, Steward attorney Ray Schrock told U.S. Bankruptcy Judge Chris Lopez, who is overseeing the Chapter 11 proceedings. "Our goal remains that there are zero hospitals closed on our watch," Schrock said.
Reuters
UPDATE 1-Electronic Arts forecasts lower annual bookings as gamers cut back amid high inflation
The dour forecast from EA, one of the biggest names in gaming, will add to the industry's already gloomy outlook, which has been coping with gamers cutting back on discretionary spending amid high inflation. The company forecast fiscal year 2025 bookings in the range of $7.30 billion to $7.70 billion, compared with average analysts' estimate of $7.76 billion, according to LSEG data. For the fourth quarter, the company, which also makes games like "Star Wars Jedi: Survivor", posted bookings of $1.67 billion, missing estimates of $1.77 billion.
GOBankingRates
5 Money Moves Your Middle-Class Family Can Make To Support a Stay-at-Home Parent
Want to live on one income and support a stay-at-home parent? This guide will help you get started. Find out how to adjust your finances to meet this goal.
Reuters
Rivian posts quarterly revenue beat, cuts 2024 capital spending forecast
Rivian Automotive on Tuesday reported first-quarter revenue that beat Wall Street expectations and reiterated its production forecast of 57,000 units this year, due to sustained demand for its electric vehicles. The company also cut its annual capital expenditure forecast by $550 million to $1.2 billion, as it moved the start of production of its R2 midsize SUV to its Normal, Illinois plant. Analysts were expecting capital spending of $1.59 billion.
GlobeNewswire
Angi Inc. Earnings Release Available on Company’s Website
DENVER, May 07, 2024 (GLOBE NEWSWIRE) -- Angi Inc. (NASDAQ: ANGI) posted its first quarter financial results on the investor relations section of its website at ir.angi.com/quarterly-earnings. As announced previously, Angi Inc. and IAC will host a conference call to discuss both companies’ respective first quarter results and to answer questions. The call will be held on Wednesday, May 8, 2024, at 8:30 a.m. ET. Joey Levin, CEO of IAC and Chairman of Angi Inc., Jeffrey Kip, CEO of Angi Inc. and C
Business Wire
McKesson Corporation Reports Fiscal 2024 Fourth Quarter and Full Year Results
IRVING, Texas, May 07, 2024--McKesson Corporation (NYSE: MCK) has released its fiscal 2024 fourth quarter financial results. Results can be accessed on McKesson’s Investor Relations website at investor.mckesson.com/financials/quarterly-results.
Business Wire
Alpha and Omega Semiconductor to Participate in Upcoming Investor Conferences
SUNNYVALE, Calif., May 07, 2024--Alpha and Omega Semiconductor to Participate in Upcoming Investor Conferences
GlobeNewswire
Motorsport Games Reports First Quarter 2024 Financial Results
Motorsport Games Reports First Quarter 2024 Financial Results Motorsport Games Reports First Quarter 2024 Financial Results MIAMI, May 07, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today reported financial results for its first quarter ended March 31, 2024. The Company has also posted the first quarter 2024 earnings slides highlighting key milestones that occurred in the period, which are accessible on the Company’s investor relations web
Business Wire
AM Best Upgrades Issuer Credit Rating of Zale Indemnity Company
OLDWICK, N.J., May 07, 2024--AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to "bbb+" (Good) from "bbb" (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Zale Indemnity Company (ZIC) (Dallas, TX). The outlook of the Long-Term ICR has been revised to stable from positive, while the outlook of the FSR is stable.
Yahoo Finance Video
US revokes export licenses for Huawei's chip suppliers: FT
The Biden administration revoked export licenses from Intel (INTC) and Qualcomm (QCOM) for the supply of chips to Chinese tech company Huawei, according to a report from the Financial Times. Market Domination Anchors Jared Blikre and Josh Lipton break down the latest developments for these chip companies and what it means for their stocks moving forward. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
Reuters
UPDATE 1-Lyft forecasts strong quarterly earnings as ride-hailing demand picks up
Ride-hailing company Lyft projected higher-than-expected gross bookings and core profit for the current quarter on Tuesday, driven by robust demand for its services and benefits from new user and driver features. Lyft has been luring consumers with shortened wait times for some pre-scheduled rides and drivers with minimum wage guarantees while trimming costs to boost profitability. Since CEO David Risher took charge last April, the company has cut hundreds of jobs, reduced the firm's losses, and managed to keep fare increases in check.
Evening Standard
UK airport chaos after Border Force passport e-gates crash nationwide
Officials at Gatwick and Heathrow airports have said the issue is nationwide
Yahoo Finance
Disney stock falls as company attempts to make streaming business profitable
Disney reported its fiscal second quarter earnings before the bell on Tuesday. Here's what to know.
People
Lily Allen Compares 'Nepo Baby' Label to Being Called a 'Karen': 'Almost Exclusively Used for Women'
"My brother, for instance, doesn’t get called nepo baby, and I do," said the British pop singer of her brother, Alfie, on her 'Miss Me' podcast
Reuters
Lyft forecasts strong quarterly earnings as ride-hailing demand picks up
Ride-hailing company Lyft projected higher-than-expected gross bookings and core profit for the current quarter on Tuesday, driven by robust demand for its services and benefits from new user and driver features. Lyft has been luring consumers with shortened wait times for some pre-scheduled rides and drivers with minimum wage guarantees while trimming costs to boost profitability. Since CEO David Risher took charge last April, the company has cut hundreds of jobs, reduced the firm's losses, and managed to keep fare increases in check.
Investor's Business Daily
Oscar Health, An IBD 50 Stock, Soars After First-Ever Profits Crush Forecasts
Oscar Health stock rocketed near a profit-taking zone Tuesday after the health insurer crushed forecasts in its first-ever quarter of profits.
People
Mom Accused of Throwing 6-Year-Old Son with Disabilities into Canal to Be Eaten by Crocodiles
The child's body was recovered the next day
Investor's Business Daily
Vertex's Pain Drug Could Be Worth Up To $11.4 Billion — Ongoing Debate Sparks Shares
Vertex stock advanced Tuesday as analysts debated the company's pain drug with one saying it could eventually generate $11.4 billion in sales.

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Wells Fargo Reports First Quarter 2024 Financial Results

Latest stories

Match Group expects quarterly revenue below estimates as spending on dating apps falls

Rivian reports mixed Q1 results, but trims capex forecast and sees Q4 'gross profit'

Bankrupt Steward Health puts its hospitals up for sale, discloses $9 bln in debt

UPDATE 1-Electronic Arts forecasts lower annual bookings as gamers cut back amid high inflation

5 Money Moves Your Middle-Class Family Can Make To Support a Stay-at-Home Parent

Rivian posts quarterly revenue beat, cuts 2024 capital spending forecast

Angi Inc. Earnings Release Available on Company’s Website

McKesson Corporation Reports Fiscal 2024 Fourth Quarter and Full Year Results

Alpha and Omega Semiconductor to Participate in Upcoming Investor Conferences

Motorsport Games Reports First Quarter 2024 Financial Results

AM Best Upgrades Issuer Credit Rating of Zale Indemnity Company

US revokes export licenses for Huawei's chip suppliers: FT

UPDATE 1-Lyft forecasts strong quarterly earnings as ride-hailing demand picks up

UK airport chaos after Border Force passport e-gates crash nationwide

Disney stock falls as company attempts to make streaming business profitable

Lily Allen Compares 'Nepo Baby' Label to Being Called a 'Karen': 'Almost Exclusively Used for Women'

Lyft forecasts strong quarterly earnings as ride-hailing demand picks up

Oscar Health, An IBD 50 Stock, Soars After First-Ever Profits Crush Forecasts

Mom Accused of Throwing 6-Year-Old Son with Disabilities into Canal to Be Eaten by Crocodiles

Vertex's Pain Drug Could Be Worth Up To $11.4 Billion — Ongoing Debate Sparks Shares