Category: Beats

  • Health insurer Elevance beats profit estimates on lower medical costs By Reuters

    By Sriparna Roy and Bhuyan Singh (Reuters) – Elevance Health Inc beat Wall Street estimates for quarterly profit on Wednesday as the company spent less than expected on covering medical costs for its members. Strength in the Carelon Healthcare Services unit, higher premiums and membership growth in Obamacare and commercial…

  • Fidelity’s FBTC Beats Grayscale’s GBTC in This Negative Trend

    Since mid-January, when the 11 Bitcoin ETFs saw the light of day, Grayscale-converted GBTC has been at the forefront of outflows. This eventually led to it losing its crown as the world’s largest exchange-traded fund tracking the performance of BTC. However, in the last two trading days of this week,…

  • Fidelity’s FBTC Beats Grayscale’s GBTC in This Negative Trend

    Since mid-January, when the 11 Bitcoin ETFs saw the light of day, Grayscale-converted GBTC has been at the forefront of outflows. This eventually led to it losing its crown as the world’s largest exchange-traded fund tracking the performance of BTC. However, in the last two trading days of this week,…

  • Dell beats first-quarter revenue estimates as AI boom bolster server demand

    (Reuters) – Dell Technologies beat Wall Street estimates for first-quarter revenue on Thursday, snapping a six-quarter streak of declines, thanks to surging demand for its artificial intelligence-powered servers. The surge in demand for high-performance computing and large-scale data centers to support the growing adoption of generative AI has spurred investments…

  • Beats On Revenue But Stock Drops By Stock Story

    Audio technology company Sonos (NASDAQ:) reported better-than-expected results in the first quarter of fiscal 2024, with revenue falling 16.9% year over year to $252.7 million. The company expects full-year revenues to be about $1.65 billion, in line with analyst estimates. It had a non-GAAP loss of $0.34 per share, down…

  • Stronghold Digital Mining beats Q1 EBITDA expectations By Investing.com

    In the first quarter of 2024, Stronghold Digital Mining (NASDAQ: SDIG) reported a significant beat on its EBITDA guidance, achieving nearly $9 million against the over $5 million that was forecasted. The company, which prides itself on being an environmentally beneficial and vertically integrated miner, highlighted its low cost of…

  • Quanta Services Non-GAAP EPS of $1.41 beats by $0.12, revenue of $5.03B beats by $90M (NYSE:PWR)

    Quanta Services Non-GAAP EPS of $1.41 beats by $0.12, revenue of $5.03B beats by $90M (NYSE:PWR)

    Quanta Services press release (New York Stock Exchange: BWR): Non-GAAP Q1 EPS of $1.41 It outperforms by $0.12. Revenue $5.03 billion (+13.5% YoY) It exceeds $90 million. The remaining performance obligations are $14.9 billion and the total backlog is $29.9 billion For the full year ending December 31, 2024, Quanta…

  • Standard Chartered Q1 profit rises 5.5%, beats estimates By Reuters

    Standard Chartered Q1 profit rises 5.5%, beats estimates By Reuters

    HONG KONG/LONDON (Reuters) – Standard Chartered on Thursday reported a 5.5 percent rise in first-quarter pre-tax profit, beating estimates, as higher interest rates boosted the emerging markets-focused bank’s profits. Standard Chartered, which generates most of its revenue in Asia, said its pre-tax profit in the quarter was $1.91 billion. That…