-- Airbnb (ABNB) has an average rating of overweight and mean price target of $148.24, according to analysts polled by FactSet.
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Financial stocks were advancing pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.3%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.9% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.7%.Moody's (MCO) shares were up more than 1% after the company posted higher Q1 adjusted earnings and revenue.
HPQ Silicon (HPQ.V) said Wednesday that its strategic partner, Novacium, has received an initial battery pack order from a European drone manufacturer. The order is a first step in the commercialization of high-capacity lithium-ion battery packs for drones.This order follows GEN4 performance results announced last week, in which 21700 cells achieved up to 7,030 milliampere-hour (mAh) under extended-voltage test conditions, with energy densities reaching 330.9 watt hour per kg and 937.5 watt hours per litre, a statement said."This development reflects the continued advancement of our technology toward commercial applications over the coming quarters," said Bernard Tourillon, HPQ Silicon chief executive. "HPQ stands to benefit directly through its ownership stake in Novacium. More importantly, the battery pack configurations being delivered represent a foundational step toward standardized solutions that can be deployed across both European and North American markets."HPQ shares closed down $0.005, to $0.17 on Tuesday on the TSX Venture Exchange.
AT&T (T) reported better-than-expected first-quarter results on Wednesday, while the telecommunications giant reiterated its full-year earnings outlook.The company reported adjusted earnings of $0.57 a share for the March quarter, up from $0.51 the year before, topping the FactSet-polled consensus of $0.55. Operating revenue improved 2.9% to $31.51 billion, ahead of the Street's view for $31.25 billion."We saw our best first quarter ever for advanced connectivity internet customer net additions, demonstrating the solid foundation of assets we have built," Chief Executive John Stankey said in a statement. "The actions we've taken this quarter are evidence of how we are improving the customer value proposition, scaling faster, and accelerating growth."AT&T continues to anticipate adjusted EPS to be in a range of $2.25 to $2.35 in 2026. The Street is looking for non-GAAP EPS of $2.30. Service revenue is still pegged to grow in the low-single-digit range for the ongoing year.The stock was down 1.8% in the most recent premarket activity.Revenue in the advanced connectivity segment rose 4.7% to $28.47 billion in the first quarter, driven by gains of 3.6% in services and 9.3% in equipment from higher wireless device sales volumes, according to the company. Wireless service revenue was up 1.7%, buoyed by growth in retail wireless subscribers in underpenetrated categories and converged accounts, the firm said.The legacy business saw a 25% drop in revenue to $1.77 billion, mainly due to lower demand for services. Latin America recorded revenue of $1.17 billion, up from $971 million in the prior-year period.AT&T added 294,000 net postpaid phone subscribers in the quarter, down from 324,000 a year earlier, but above the consensus on FactSet for 267,000. In the previous quarter, the company logged additions of 421,000 subscribers.