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Murphy USA Misses Estimates on Q1 Earnings https://www.fool.com/data-news/2024/05/02/murphy-usa-misses-estimates-on-q1-earnings/?source=iedfolrf0000001 May 02, 2024 - The gas station and convenience store operator's results came up short as margins on fuel sales tightened.
Wall Street Lunch: Peloton CEO Steps Down https://seekingalpha.com/article/4688563-wall-street-lunch-peloton-ceo-steps-down?source=feed_tag_wall_st_breakfast May 02, 2024 - Barry McCarthy steps down as CEO, president, and board director of Peloton. Q1 nonfarm productivity crept up 0.3% Q/Q; Initial jobless claims steady 208k for the week.
AIG Beats on Q1 Earnings on Lower Costs, Approves Dividend Hike https://www.zacks.com/stock/news/2267363/aig-beats-on-q1-earnings-on-lower-costs-approves-dividend-hike?cid=CS-ZC-FT-analyst_blog|earnings_article-2267363 May 02, 2024 - Higher premiums and deposits in the Life and Retirement unit, and reduced catastrophe losses aid AIG's Q1 results. Management sanctions an increase of up to $10 billion in its buyback authorization.
Host Hotels' (HST) Q1 AFFO Beat Estimates, Revenues Up Y/Y https://www.zacks.com/stock/news/2267326/host-hotels-hst-q1-affo-beat-estimates-revenues-up-y-y?cid=CS-ZC-FT-analyst_blog|earnings_article-2267326 May 02, 2024 - Host Hotels (HST) posts better-than-expected Q1 results on higher revenues aided by improvements in group and contract business. It has also raised its 2024 AFFO per share outlook.
Cigna (CI) Q1 Earnings Beat on Client Wins in Evernorth Unit https://www.zacks.com/stock/news/2267361/cigna-ci-q1-earnings-beat-on-client-wins-in-evernorth-unit?cid=CS-ZC-FT-analyst_blog|earnings_article-2267361 May 02, 2024 - Cigna's (CI) Q1 results reflect strong organic growth in the Evernorth Health Services unit. It expects adjusted EPS of at least $28.40 for 2024, up from the earlier guidance of at least $28.25.
BorgWarner (BWA) Q1 Earnings Beat Estimates, Guidance Revised https://www.zacks.com/stock/news/2267297/borgwarner-bwa-q1-earnings-beat-estimates-guidance-revised?cid=CS-ZC-FT-analyst_blog|earnings_article-2267297 May 02, 2024 - BorgWarner (BWA) reports better-than-expected first-quarter results. It expects 2024 adjusted earnings in the range of $3.80-$4.15 per share, up from the previous estimate of $3.65-$4 per share.
Ares Capital (ARCC) Up on Q1 Earnings Meet, Y/Y Revenue Rise https://www.zacks.com/stock/news/2267323/ares-capital-arcc-up-on-q1-earnings-meet-y-y-revenue-rise?cid=CS-ZC-FT-analyst_blog|earnings_article-2267323 May 02, 2024 - Ares Capital (ARCC) records y/y increases in revenues and expenses in the first quarter of 2024.
Sarepta (SRPT) Q1 Earnings Beat Estimates, Revenues Up Y/Y https://www.zacks.com/stock/news/2267221/sarepta-srpt-q1-earnings-beat-estimates-revenues-up-y-y?cid=CS-ZC-FT-analyst_blog|earnings_article-2267221 May 02, 2024 - Sarepta (SRPT) reports better-than-expected Q1 earnings on the back of strong sales for recently-approved DMD gene therapy Elevidys.
Kellanova (K) Stock Up on Former Kellogg's Q1 Earnings Beat https://www.zacks.com/stock/news/2267296/kellanova-k-stock-up-on-former-kellogg-s-q1-earnings-beat?cid=CS-ZC-FT-analyst_blog|earnings_article-2267296 May 02, 2024 - Kellanova's (K) first-quarter 2024 earnings increase on the back of higher operating profits. However, net sales decline year over year.
U.S. Stocks May See Early Strength As Traders Digest Fed Announcement https://www.rttnews.com/story.aspx?Id=3444384 May 02, 2024 - Stocks are likely to move to the upside in early trading on Thursday as traders continue to digest yesterday's Federal Reserve announcement. The major index futures are currently pointing to a notably higher open for the markets, with the S&P 500 futures up by 0.8 percent.
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