Warner Bros. Discovery’s (NASDAQ:WBD) Stock Slides 5% After Earnings Fall Short of Estimates

/ / Consumer Discretionary /

Warner Bros. Discovery Inc.’s stock (WBD) fell 5% early Friday after the company posted a wider-than-expected fourth-quarter loss and revenue that fell short of estimates, weighed down by weak ad revenue and the impact of the recent writers and actors’ strikes. The company had a net loss of $400 million for the quarter, or 16 cents a share, narrower than the loss of $2.101 billion, or 86 cents a share, posted in the year-earlier period. Revenue fell to $10.824 billion from $11.008 billion. The FactSet consensus was for a loss of 10 cents a share and revenue of $10.337 billion. Studio revenue fell 18% excluding the impact of foreign exchange, while network revenue was down 8%. Ad revenue fell 14%, mostly due to shrinking audiences in domestic general entertainment and news networks, as well as the impact from the exit of the AT&T SportsNet business. The stock has fallen 39% […]

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Intuit Inc. (NASDAQ:INTU) Q2 2024 Earnings Conference

/ / Technology /

The following is a summary of the Intuit Inc. (INTU) Q2 2024 Earnings Call Transcript: Financial Performance: Intuit reported Q2 revenue of $3.4 billion, growing 11%, with GAAP operating income of $369 million, an increase of 37%. Non-GAAP operating income grew by 17% to reach $1 billion. Small Business and Self-Employed Group revenue increased 18% during the quarter; online ecosystem revenue saw a growth of 21%. The company reported GAAP diluted earnings per share of $1.25, and non-GAAP diluted earnings per share of $2.63, a 20% increase. The company repurchased $536 million of stock during the second quarter and approved a quarterly dividend of $0.90 per share. Business Progress: The company is working on Intuit Assist, an AI and machine learning technology aimed at automating financial management and tax filing. The integration of MailChimp with QuickBooks and TurboTax with Credit Karma is part of the company’s marketing strategy to increase

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Pfizer (NYSE:PFE) Stock Analyst Ratings

/ / Health Care /

Pfizer (NYSE:PFE) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/23/2024 30.03% Guggenheim → $36 Initiates Coverage On → Buy 01/31/2024 62.54% Cantor Fitzgerald → $45 Reiterates Overweight → Overweight 01/09/2024 62.54% Cantor Fitzgerald → $45 Reiterates Overweight → Overweight 01/04/2024 15.59% TD Cowen → $32 Downgrades Outperform → Market Perform 12/14/2023 30.03% Truist Securities $42 → $36 Maintains Buy 12/14/2023 -2.47% UBS $34 → $27 Maintains Neutral 12/14/2023 1.14% Barclays $34 → $28 Maintains Equal-Weight 12/04/2023 51.71% Truist Securities → $42 Reiterates Buy → Buy 11/20/2023 170.9% Cantor Fitzgerald → $75 Reiterates Overweight → Overweight 11/01/2023 22.81% Barclays $35 → $34 Maintains Equal-Weight 11/01/2023 33.65% Morgan Stanley $39 → $37 Maintains Equal-Weight 10/20/2023 22.81% UBS $36 → $34 Assumes Neutral → Neutral 10/17/2023 51.71% Truist Securities $62 → $42 Maintains Buy 10/17/2023 40.87% Morgan Stanley $40 → $39 Maintains Equal-Weight 10/17/2023

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Ross Stores (NASDAQ:ROST) Stock Analyst Ratings

/ / Consumer Discretionary /

Ross Stores (NASDAQ:ROST) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/23/2024 -3.34% UBS $85 → $142 Upgrades Sell → Neutral 12/22/2023 2.11% Wells Fargo $140 → $150 Maintains Overweight 11/17/2023 -6.06% BMO Capital $127 → $138 Maintains Outperform 11/17/2023 -4.7% Wells Fargo $135 → $140 Maintains Overweight 11/17/2023 -6.74% Morgan Stanley $131 → $137 Maintains Overweight 11/17/2023 -8.1% Telsey Advisory Group $130 → $135 Maintains Market Perform 11/13/2023 -11.5% Telsey Advisory Group → $130 Reiterates Market Perform → Market Perform 11/07/2023 -4.7% Evercore ISI Group → $140 Initiates Coverage On → Outperform 11/03/2023 -8.1% Gordon Haskett → $135 Upgrades Accumulate → Buy 08/18/2023 -8.1% Guggenheim $125 → $135 Maintains Buy 08/18/2023 -8.1% Loop Capital $125 → $135 Maintains Buy 08/18/2023 -10.14% TD Cowen $128 → $132 Maintains Outperform 08/18/2023 -10.82% Morgan Stanley $130 → $131 Maintains Overweight 08/18/2023 -42.82% UBS $80

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UBS lowered Nvidia target price to $800 from $850

/ / Technology /

UBS analyst Arcuri lowered his target price on Nvidia to $800 from $850 in the wake of the earnings, citing a potential slowing of revenue growth, although he kept a Buy rating on the stock. Arcuri said his new target price was based on a price-to-earnings multiple of 25 times the UBS forecast for Nvidia’s earnings in calendar year 2025. “We were somewhat surprised that total supply… was actually down a touch Q/Q [quarter-on-quarter] and our analysis on the surface begs the conclusion that Nvidia may be approaching some sort of “steady state” in revenue over the coming quarters,” Arcuri wrote in a research note on Thursday. With no additional increases in supply, Arcuri estimated that Nvidia can support revenue of around $27 billion a quarter, compared with $22.1 billion for the quarter ended January.

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Booking Holdings (NASDAQ:BKNG) Posted Strong Earnings. Why the Stock Fall Is an Industry Problem. — Barrons.com

/ / Consumer Discretionary /

By Callum Keown Booking Holdings’ ticked all the boxes with its earnings–beating revenue and profit estimates, breaking a number of company records, and initiating a quarterly dividend. Yet the stock plummeted 9% ahead of the open Friday. The travel industry’s stellar 2023 has posed a major problem so far this year — investors are facing up to the prospect of normalizing demand and growth in 2024. Booking also warned of the impact of the conflict in the Middle East, which hit the number of nights booked in the fourth quarter and is expected to do the same in the first three months of the year. The stock has had an impressive run recently, climbing 61% over the past year, and 10% so far in 2024 through Thursday’s close. But all good things come to an end, or at least take a pause. Booking issued guidance for gross bookings and revenue

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Trade Desk (NASDAQ:TTD) Stock Analyst Ratings

/ / Consumer Discretionary /

Trade Desk (NASDAQ:TTD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/22/2024 18.69% Needham → $100 Reiterates Buy → Buy 02/16/2024 -50.15% Benchmark $32 → $42 Maintains Sell 02/16/2024 0.89% Stephens & Co. → $85 Reiterates Overweight → Overweight 02/16/2024 24.63% RBC Capital $90 → $105 Maintains Outperform 02/16/2024 27% BMO Capital $88 → $107 Maintains Outperform 02/16/2024 18.69% Keybanc $84 → $100 Maintains Overweight 02/16/2024 24.63% Piper Sandler $80 → $105 Maintains Overweight 02/16/2024 18.69% Stifel $80 → $100 Maintains Buy 02/16/2024 24.63% Oppenheimer $85 → $105 Maintains Outperform 02/16/2024 18.69% Truist Securities $80 → $100 Maintains Buy 02/16/2024 30.56% Susquehanna $75 → $110 Maintains Positive 02/12/2024 — Seaport Global Initiates Coverage On → Neutral 01/09/2024 4.45% BMO Capital → $88 Initiates Coverage On → Outperform 01/09/2024 -5.04% Stifel $79 → $80 Maintains Buy 12/18/2023 -1.25% HSBC → $83.2 Initiates Coverage

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