The pullback in Disney shares Tuesday is overdone despite the Club holding reporting mixed fiscal 2024 second-quarter results. We like what we're seeing beneath the headline figures, which could make the sell-off a buying opportunity once the dust settles around the stock. Revenue in the January-to-March period was about...
The Walt Disney Company CEO Bob Iger attends the Nominees Luncheon for the 95th Oscars in Beverly Hills, California, U.S. February 13, 2023. Mario Anzuoni | ReutersFor Disney, the future is now.It's been five years in the making, but Disney nearly turned a profit in its streaming units for the...
A customer walks through The Home Depot store on February 20, 2024 in Austin, Texas. Brandon Bell | Getty ImagesThe state of the consumer in 2024 is already taking shape — even before the country's major retailers begin to report first-quarter earnings, starting with Home Depot and Walmart next week.There...
The logo of Italian international banking group UniCredit stands on the facade of the group headquarters, located in the Porta Nuova district, as seen from the viewpoint of Palazzo Lombardia on September 29, 2023 in Milan, Italy.Emanuele Cremaschi | Getty Images News | Getty ImagesUniCredit raised its investor reward...
Mario poses at the "SUPER NINTENDO WORLD" welcome celebration at Universal Studios Hollywood on February 16, 2023 in Universal City, California.Rodin Eckenroth | Getty Images Entertainment | Getty ImagesNintendo on Tuesday reported quarterly profit that beat market estimates and said it sold more units of its Switch than it...
Saudi Aramco's first-quarter net profit fell 14% year-on-year amid lower oil prices and production.Net income for the three months up to March 31 came in at $27.3 billion, down from $31.9 billion for the same period last year, the company reported. The figure was in line with analyst expectations,...
A BP gas station in Madrid, Spain.Sopa Images | Lightrocket | Getty ImagesBP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a "significantly weaker" margin in fuels and lower gas and oil prices.The British energy giant logged underlying replacement cost profit,...
UBS logo is seen at the office building in Krakow, Poland on February 22, 2024.Jakub Porzycki | Nurphoto | Getty ImagesUBS on Tuesday reported a net profit of $1.8 billion for the first quarter of the year, smashing analyst expectations.Lower expenses following the takeover of Credit Suisse in June 2023 helped...
A Lucid showroom in New York City on Aug. 19, 2023.Adam Jeffery | CNBCLucid Group reported first-quarter revenue above analysts' estimates on Monday as price cuts helped the company deliver more luxury electric sedans in the first three months of 2024.Shares of the Newark, California-based firm fell about 3%...
Alex Karp, CEO of Palantir, arrives for the “AI Insight Forum” at the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC.Alex Wong | Getty ImagesDefense-tech firm Palantir reported first-quarter earnings on Monday that beat analyst expectations on revenue. Bottom line results were in-line...