News Blog

Fantasy sports and betting company DraftKings announced better-than-expected results in Q1 CY2024, with revenue up 52.7% year on year to $1.17 billion. The company’s full-year revenue guidance of $4.9 billion at the midpoint also came in 1.7% above analysts’ estimates. It made a non-GAAP profit of $0.03 per share, improving from its loss of $0.51 per share in the same quarter last year.

Booking Holdings said its profit jumped in the first quarter as the company’s traveler bookings grew ahead of expectations, buoyed by users traveling more reliably to the company’s site.

Monster Beverage  reported a 12% jump in first-quarter revenue on Thursday, helped by steady demand for the energy drink maker’s high-priced juices as well as easing freight costs.

Shares of Expedia Group Inc. fell after hours on Thursday, after the travel-booking platform cut its sales outlook for the year, as efforts to recharge vacation-rental site Vrbo progressed more slowly than expected after a tech-related overhaul.

Apple shares climbed 7% in extended trading on Thursday after the iPhone maker reported fiscal second-quarter earnings that topped estimates and announced an expanded stock buyback program.

Block earnings beat expectations as revenue rose 19% in the first quarter, boosted by Bitcoin. The stock is rising.

Cloudflare Inc.’s stock dropped 14% in extended trading Thursday, following a quarterly report that was largely in line with analyst estimates but included a revenue outlook that fell short.

Luxury sports car maker Ferrari has unveiled two new models, the 12Cilindri and the 12Cilindri Spider, appealing to lovers of its most powerful roaring petrol engines.

The world’s largest producer of uranium, NAC Kazatomprom, said first-quarter production rose but sales volumes tumbled on weaker demand, while it backed its full-year guidance.

Novo Nordisk, which became the most valuable company in Europe last year due to the blockbuster success of its weight loss drugs, on Thursday beat first-quarter profit expectations as demand for those medications boomed.

Agriculture and construction machinery maker CNH Industrial reported slightly better-than-expected first-quarter earnings. Sales are slow though, and full-year guidance was trimmed. Despite the cut, its beaten-up shares are rising in early trading.

Huntington Ingalls reported a better-than-expected quarterly earnings on Thursday, on the back of demand for aircraft carriers, amphibious assault ships and submarines amid high geopolitical tension.

Church & Dwight gave a slight bump to its earnings outlook for the year after its first-quarter profit jumped on stronger gross margin.

Shares of lithium miner Albemarle were rising in premarket trading Thursday after earnings fell dramatically year over year but still beat Wall Street estimates.

The global economy is growing faster than expected only a few months ago thanks to resilient U.S. activity while inflation is converging more quickly than expected with central banks’ targets, the OECD said on Thursday, upgrading its outlook.

Kellanova the packaged food giant formerly known as Kellogg, said Thursday it had net income of $267 million, or 78 cents a share, in the first quarter, down from $298 million, or 86 cents a share, in the year-earlier period. Sales fell to $3.200 billion from $3.342 billion a year ago.

Shell, the biggest European oil-and-gas company, reported better-than-expected earnings for the first quarter and launched a new share buyback program to win over investors.

Universal Music Group, the record label for top music artists including Taylor Swift and Drake, struck a new licensing agreement with TikTok, putting an end to a spat between the two companies.

Αναλογούντα κέρδη μετά φόρων ύψους 358 εκατ. ευρώ εμφάνισε Εθνική Τράπεζα για το πρώτο τρίμηνο του έτους, αυξημένα κατά 38% σε ετήσια βάση και κατά 14% σε τριμηνιαία βάση.

Αξιολόγηση ΒΒΒ (low), ίση με αυτήν της Ελλάδας, έδωσε ο οίκος DBRS στην τράπεζα, που ανακτά το investment grade σχεδόν 15 χρόνια μετά τη χρηματοπιστωτική κρίση.