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Murphy Oil Q1 Adjusted Earnings Fall, Revenue Rises

Murphy Oil (MUR) reported Q1 adjusted earnings late Wednesday of $0.32 per diluted share, down from $0.56 a year earlier.Analysts polled by FactSet expected $0.32.Revenue in the three months ended March 31 rose to $733.6 million from $665.2 million a year earlier.Analysts surveyed by FactSet expected $703 million.Murphy shares fell 2.3% in after-hours trading.

$MUR

Wire99d ago

MKS Q1 Non-GAAP Earnings, Revenue Rise; Shares Jump After Hours

MKS (MKSI) reported Q1 non-GAAP earnings late Wednesday of $2.30 per diluted share, up from $1.71 a year earlier.Analysts surveyed by FactSet expected $2.04.Revenue in the three months ended March 31 rose to $1.08 billion from $936 million a year earlier.Analysts polled by FactSet expected $1.05 billion.MKS expects Q2 non-GAAP EPS of $2.90, plus or minus $0.30, on revenue of $1.2 billion, plus or minus $40 million.Analysts expect EPS of $2.37 on revenue of $1.09 billion.MKS shares jumped 10% in after-hours trading.

$MKSI

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Primerica Q1 Adjusted Earnings, Revenue Rise

Primerica (PRI) reported Q1 adjusted earnings late Wednesday of $5.96 per diluted share, up from $5.02 a year earlier.Analysts polled by FactSet expected $5.49.Revenue in the three months ended March 31 rose to $872.7 million from $804.8 million a year earlier.Four analysts surveyed by FactSet expected $855.4 million.The company kept its quarterly dividend at $1.20 a share, payable June 12 to stockholders of record May 21.Primerica shares rose 1.2% in after-hours trading.

$PRI

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PTC Fiscal Q2 Adjusted Earnings, Revenue Rise; Q3 Guidance Set

PTC (PTC) reported fiscal Q2 adjusted earnings late Wednesday of $2.69 per diluted share, compared with $1.79 a year earlier.Analysts polled by FactSet expected $2.10.Revenue for the three months ended March 31 was $774.3 million, compared with $636.4 million a year earlier.Analysts surveyed by FactSet expected $712.4 million.The company said it expects Q3 adjusted EPS of $1.24 to $1.78 and revenue of $580 million to $640 million. Analysts expect $1.65 and $617.3 million, respectively.For 2026, the company raised its adjusted EPS guidance to $6.65 to $8.90 from $6.36 to $8.84 previously, and now expects revenue of $2.58 billion to $2.82 billion compared with $2.54 billion to $2.81 billion previously. Analysts expect $7.68 and $2.69 billion, respectively.

$PTC

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Dutch Bros Q1 Adjusted Earnings, Revenue Rise

Dutch Bros (BROS) reported Q1 adjusted earnings late Wednesday of $0.16 per diluted share, up from $0.14 a year earlier.Analysts polled by FactSet expected $0.15.Revenue in the three months ended March 31 rose to $464.4 million from $355.2 million a year earlier.Analysts surveyed by FactSet expected $449.7 million.The company raised its full-year revenue guidance to $2.05 billion to $2.08 billion from the prior forecast of $2 billion to $2.03 billion.Analysts expect $2.05 billion.Dutch Bros shares fell 1.8% in after-hours trading.

$BROS

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GoodRx Holdings Q1 Adjusted Earnings, Revenue Fall

GoodRx Holdings (GDRX) reported Q1 adjusted earnings late Wednesday of $0.07 per diluted share, down from $0.09 a year earlier.Analysts polled by FactSet expected $0.07.Revenue in the three months ended March 31 fell to $194 million from $203 million a year earlier.Analysts surveyed by FactSet expected $185.4 million.The company expects full-year revenue of $765 million to $785 million.Analysts polled by FactSet expect $764.8 million.GoodRx shares rose 2.1% in after-hours trading.

$GDRX

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Snap Q1 Loss Narrows, Revenue Rises; Shares Drop After Hours

Snap (SNAP) reported a Q1 loss late Wednesday of $0.05 per diluted share, narrowing from the loss of $0.08 a year earlier.Analysts polled by FactSet expected a loss of $0.07.Revenue in the three months ended March 31 rose to $1.53 billion from $1.36 billion a year earlier.Analysts surveyed by FactSet expected $1.53 billion.Snap shares fell 3.8% in after-hours trading.

$SNAP

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Earnings Flash (ARM) ARM Posts Q4 Revenue $1.49B, vs. FactSet Est of $1.47B

$ARM

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Top Cryptocurrencies Mixed; Bitcoin Holds Above $81,000 Level

Major digital assets were mixed Wednesday, with Bitcoin (BTC-USD) lower but holding above the $81,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, edged up 0.9% in the past 24 hours. The Nasdaq 100 rose 2%, the S&P 500 added 1.5%, and the Dow Jones Industrial Average increased 1.4%.Bitcoin eased 0.1% to $81,484, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 19.2% to $44.31 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, declined 1% to $2,348.XRP (XRP-USD) rose 1.1%, BNB (BNB-USD) added 3%, and Solana (SOL-USD) increased 3.3%. Dogecoin (DOGE-USD) fell 0.5%, while Cardano (ADA-USD) advanced 3.2%.The US 10-year Treasury yield stood at 4.354% at 3 p.m. ET Wednesday, down from 4.413% Tuesday, while the five-year yield fell to 4.001% from 4.069%.The total market value of the cryptocurrency industry rose 0.1% in the past 24 hours to $2.69 trillion, with trading volume gaining 0.2% to $164.69 billion.Price: $81478.78, Change: $+578.01, Percent Change: +0.71%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD

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Advanced Micro Devices Set to Command Half of Growing Server CPU Market, BofA Says

Advanced Micro Devices (AMD) is expected to capture about half of the total addressable market for server central processing units, which the company expects will exceed $120 billion by 2030, BofA Securities said in a note emailed Wednesday.The chip maker's updated forecast for server CPU TAM is double its previous estimate amid rising agentic artificial intelligence demand, according to the brokerage.The server CPU market is now expected to grow more than 35% annually, reaching over $120 billion by 2030, AMD Chief Executive Lisa Su said late Tuesday during an earnings call, according to a FactSet transcript.The company previously expected market growth of 18% annually over the next three to five years.BofA expects AMD to capture a roughly 50% share of the server CPU market, with the remaining half split between rivals Intel (INTC) and Arm (ARM)."Rising CPU TAM is good for all CPU vendors, but we expect AMD to maintain/expand share on (the) back of broad portfolio, rising enterprise focus, continued cloud leadership and consistent roadmap execution," BofA analyst Vivek Arya wrote. "Separately, we expect AMD to potentially announce other large customers for GPUs for (2027) and beyond."Shares of AMD surged 18% in Wednesday afternoon trade.The company reported stronger-than-expected first-quarter results late Tuesday, as demand for AI infrastructure pushed data center revenue higher year over year."Inferencing and agentic AI are increasing the need for server CPU compute as these workloads require additional CPU processing for orchestration, data movement, and parallel execution in addition to serving as the head nodes for GPUs and accelerators," Su told analysts during the earnings call. "As a result, we are seeing both stronger near-term demand and deeper engagement with customers on long-term capacity planning."AMD currently represents about 6% of the AI TAM, and that figure is expected to grow toward double digits by 2030, Arya said.Still, AMD remains "exposed to uncertain share allocation between numerous OpenAI suppliers" including Nvidia (NVDA), Broadcom (AVGO) and Cerebras Systems, he said.Following AMD's first-quarter results, BofA raised the company's 2026 and 2027 pro-forma earnings per share estimate by 9% each to $7.28 and $11.80. The brokerage is projecting AMD's 2030 EPS potential at more than $27, above management's $20-plus target.BofA reiterated AMD's buy rating and lifted the price target to $450 from $310.Price: $417.82, Change: $+62.56, Percent Change: +17.61%

$AMD$ARM$AVGO$INTC$NVDA

Wire99d ago

Kemper Keeps Quarterly Dividend at $0.32 a Share, Payable June 2 to Holders of Record May 18

$KMPR

Wire99d ago

Bumble Q1 Earnings Rise, Revenue Declines; Shares Fall

Bumble (BMBL) shares were down more than 21% in Wednesday trading, a day after the company reported a year-over-year decline in Q1 revenue.The company reported Q1 earnings Tuesday of $0.34 per diluted share, up from $0.13 a year earlier.Analysts polled by FactSet expected earnings of $0.28.Revenue for the three months ended March 31 was $212.4 million, down from $247.1 million a year earlier.Analysts surveyed by FactSet expected $211.6 million.For Q2, the company expects revenue of $205 million to $213 million. Analysts polled by FactSet expect $211 million.Price: $3.39, Change: $-0.91, Percent Change: -21.10%

$BMBL

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Market Chatter: Flutter Unit FanDuel's CEO Ousted After Five Years at Company

Flutter Entertainment (FLUT) unit FanDuel's chief executive officer Amy Howe has been ousted from the post after five years with the company, CNBC reported Wednesday, citing people familiar with the matter.FanDuel's president Christian Genetski is expected to take up the CEO role, the people said, according to the news outlet.Flutter Entertainment declined to comment formally, but said it is not challenging the CNBC piece, while FanDuel did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $99.41, Change: $-3.92, Percent Change: -3.79%

$FLUT

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Update: DaVita Shares Rise After Deutsche Bank Upgrade

(Updates with the stock price movement and upgrade in the headline and first paragraph.)DaVita (DVA) shares rose 22% in Wednesday trading after Deutsche Bank upgraded the stock to buy from hold and boosted its price target to $220 from $126, a day after the company reported better-than-expected Q1 results.DaVita's adjusted earnings rose to $2.87 per diluted share from $2 a year earlier.Analysts polled by FactSet expected $2.33.Revenue in the three months ended March 31 rose to $3.42 billion from $3.22 billion a year earlier.Analysts surveyed by FactSet expected $3.36 billion.The company boosted full-year guidance for adjusted EPS from continuing operations to the range of $14.10 to $15.20 from the prior forecast of $13.60 to $15.Price: $191.63, Change: $+34.59, Percent Change: +22.02%

$DVA

Wire99d ago

IQVIA's Growth Setup Looks Positive After Q1 Beat, RBC Says

IQVIA (IQV) posted better-than-expected Q1 revenue and EPS, reinforcing contract research organization recovery thesis, RBC Capital Markets said in a note Tuesday."We believe the setup is positive," the report said, pointing toaccelerated organic growth, AI tailwind, and mid-to-high single digits growth in forward-looking demand indicators.The note pointed to improving growth in Commercial, driven in part by strength in Patient Solutions and analytics & consulting.The report said it reflects large pharma deploying capital towards late-stage assets with the highest probability of success.AI-enabled offerings are also gaining traction, with clients selecting IQVIA to build AI-ready data foundations and record pipelines in analytics & consulting, the report added.RBC kept its outperform rating and $221 price target.Price: $177.38, Change: $+0.96, Percent Change: +0.54%

$IQV

Wire99d ago

Blaize Shares Fall After Pricing Public Offering of Common Shares

Blaize (BZAI) shares fell 21.3% on Wednesday after the company said it priced a public offering of over 18.9 million common shares at $1.85 apiece for gross proceeds of $35 million.The company will grant the underwriters a 30-day overallotment option to buy up to an additional 2.8 million common shares, according to a statement.Net proceeds will be used for general corporate purposes, the company said.The offering is expected to be completed on May 7, subject to closing conditions, according to the company.Price: $1.81, Change: $-0.50, Percent Change: -21.65%

$BZAI

Wire99d ago

Update: Oscar Health Shares Rise After Higher Q1 Results

(Updates with the latest stock movement in the first paragraph and headline.)Oscar Health (OSCR) shares were up past 10% in Wednesday afternoon trading after the company reported higher Q1 results.The company reported Q1 adjusted earnings Wednesday of $2.07 per diluted share, up from $0.92 a year earlier.Analysts polled by FactSet expected $1.11.Revenue for the quarter ended March 31 was $4.65 billion, up from $3.05 billion a year earlier.Analysts surveyed by FactSet expected $4.90 billion.The company reaffirmed its full-year 2026 guidance across all metrics.Price: $19.79, Change: $+1.85, Percent Change: +10.32%

$OSCR

Wire99d ago

Update: Vermilion Energy Shares Fall After Q1 Swings to Loss

(Updates with the latest stock movement in the headline and the first paragraph.)Vermilion Energy (VET) shares were down more than 13% in Wednesday trading after the company reported a Q1 loss, missing analyst expectations and swinging from a profit a year earlier.The company reported a Q1 loss of 0.95 Canadian dollar ($0.70) per diluted share, swinging from earnings of CA$0.10 a year earlier.A single analyst polled by FactSet expected earnings of CA$0.27.Sales for the quarter ended March 31 were CA$513.3 million, up from CA$468.7 million a year earlier.A single analyst surveyed by FactSet expected CA$512.8 million.Price: $11.81, Change: $-1.82, Percent Change: -13.35%

$VET

Wire99d ago

Update: TransMedics Shares Drop After Oppenheimer Downgrade Following Q1 Miss

(Updates with the latest stock price movement and Oppenheimer downgrade in the headline and the first paragraph.)TransMedics (TMDX) shares fell past 25% in afternoon trading on Wednesday after Oppenheimer downgraded the stock to market perform from outperform, a day after the company posted lower-than-expected Q1 results.The company reported Q1 adjusted net income late Tuesday of $0.30 per diluted share, down from $0.74 a year earlier.Analysts polled by FactSet expected $0.60.Revenue in the three months ended March 31 rose to $173.9 million from $143.5 million a year earlier.Analysts surveyed by FactSet expected $174.5 million.The company reiterated its 2026 revenue guidance of $727 million to $757 million. Analysts expect $740.2 million.Price: $71.15, Change: $-23.78, Percent Change: -25.05%

$TMDX

Wire99d ago

Citigroup Should Aim for Return on Tangible Common Equity of 14% to 15% in Medium Term, UBS Says

Citigroup's (C) medium-term target for return on tangible common equity should be between 14% and 15%, based on investor feedback, UBS said in a Wednesday note.Further, investors are expecting an aspirational long-term target of over 15%, especially when the company is compared with its peers, UBS said. Compared with sell-side consensus of 12.8%, taken from only six analyst estimates, the brokerage considers the expectations of buy-side investors as "more critical."In order to boost its return on tangible common equity, Citigroup should reduce its Common Equity Tier 1, which sits at 12.7%, 110 basis points above the regulatory minimum. UBS notes that peers such as Bank of America (BAC) and Goldman Sachs Group (GS) have a buffer range of 50 basis points at the low end.Global Systemically Important Bank recalibration is expected to lower Citigroup's surcharge to 3%. Assuming this, a stress capital buffer range of 2.5% to 3%, and a 50 basis-point management buffer, the company's 2028 consensus net income would imply a return on tangible common equity of 13.1% to 14.4%, according to the note.UBS's rating on the company's stock is neutral with a price target of $134.Price: $128.25, Change: $+0.24, Percent Change: +0.19%

$BAC$C$GS

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Wire99d ago

Advanced Micro Devices Set to Command Half of Growing Server CPU Market, BofA Says

$AMD$ARM$AVGO$INTC$NVDA