HKEX Posts Record Quarterly Profit, Topping Forecast as Listings and Turnover Surge
Hong Kong Exchanges and Clearing (HKEX) posted a record first‑quarter profit of HK$5.19 billion (US$662 million), up 27% year‑over‑year and beating analyst forecasts. Revenue reached a new high of HK$8.2 billion (about US$1.05 billion), driven by a 14% surge in daily stock‑trading turnover and a 37% jump in listing fees. The exchange’s multi‑asset platform, including the London Metal Exchange, recorded strong volume growth, while Stock Connect’s northbound flow rose 70% to roughly US$47.4 billion. Shares gained 3% after the results were released.
Market Spotlight: Wall Street Braces for Tech Earnings and Powell’s Final Fed Meeting
Wall Street is gearing up for a "Super Bowl Wednesday" as Alphabet, Amazon, Microsoft and Meta post earnings on April 29, 2026, while the Federal Reserve, led by Jerome Powell, holds a pivotal policy meeting. The tech giants are pouring...
UBS Beats Profit Expectations on Market Volatility
UBS reported first‑quarter net profit of US$3 billion, an 80% year‑on‑year rise that topped the US$2.3 billion consensus. The surge was driven by record trading revenue and a 27% jump in investment‑banking earnings. Global wealth management added US$37 billion of net new assets,...
India Contributes to Coca-Cola's Global Volume Growth in Jan-Mar
The Coca‑Cola Company posted a 12% rise in first‑quarter 2026 net revenue to $12.5 billion and a 3% increase in unit‑case volume, with India among the markets driving growth. In the Asia‑Pacific zone, volume rose 5% and revenue reached $1.5 billion, helped...
GE Healthcare Technologies Inc (GEHC) Q1 2026 Earnings Call Transcript
GE Healthcare Technologies reported Q1 2026 revenue of $5.7 billion, up 4.8% organically, and posted a record $21.8 billion backlog with a book‑to‑bill ratio above 1. Adjusted EBIT margin fell to 16.7% due to roughly $100 million in tariff expenses and an unfavorable...
KLA Corp (KLAC) Q3 2026 Earnings Call Transcript
KLA Corp reported Q3 2026 revenue of $3.415 billion, up 11% year‑over‑year and ahead of its $3.35 billion midpoint guidance. Non‑GAAP diluted EPS came in at $9.40 and gross margin improved to 62.2%, driven by a stronger service mix and manufacturing scale....
General Dynamics Corp (GD) Q1 2026 Earnings Call Transcript
General Dynamics reported Q1 2024 revenue of $10.7 billion, up 8.6% year‑over‑year, and earnings of $2.88 per diluted share, a 9.1% increase. Operating margin improved to 9.7% despite missing G700 delivery targets because FAA certification arrived late in the quarter. The...
Qualcomm Inc (QCOM) Q2 2026 Earnings Call Transcript
Qualcomm reported Q2 fiscal 2026 revenue of $10.6 billion, delivering non‑GAAP EPS of $2.65 at the top of its guidance. The QCT segment generated $9.1 billion, highlighted by a record $1.3 billion automotive revenue and a 9% rise in IoT sales. QTL posted...
EBay Inc (EBAY) Q1 2026 Earnings Call Transcript
eBay reported Q1 2026 GMV of $21.2 billion, up 8% on an FX‑neutral basis, driven by a 19% surge in U.S. sales while international volumes slipped slightly. Revenue rose 13% to $2.96 billion, bolstered by advertising that generated $544 million, and non‑GAAP operating...
Mattel Inc (MAT) Q1 2026 Earnings Call Transcript
Mattel reported Q1 2026 net sales of $862 million, a 4% year‑over‑year increase, while adjusted gross margin slipped 450 basis points to 45.1% due to tariffs, FX and inflation. Vehicles and challenger categories, led by Hot Wheels and UNO, posted double‑digit...
Meta Platforms Inc (META) Q1 2026 Earnings Call Transcript
Meta Platforms reported Q1 2026 revenue of $56.3 billion, a 33% year‑over‑year increase driven by a 33% rise in family‑of‑apps ad revenue. Daily Active People reached 3.5 billion, though a slight sequential dip reflected internet disruptions in Iran and Russia. The company...
AbbVie Inc (ABBV) Q1 2026 Earnings Call Transcript
AbbVie reported Q1 2024 revenue of $12.3 billion and adjusted earnings per share of $2.31, both topping internal forecasts. The company highlighted more than 15% growth from its post‑Humira portfolio, driven by double‑digit gains in Skyrizi, Rinvoq, Venclexta and other assets....
Dow Jones Futures: Seagate, Bloom Energy, Teradyne Lead Earnings Movers As Oil Prices Jump
Dow Jones futures were flat on Wednesday while S&P 500 and Nasdaq futures nudged higher, even as crude oil surged past $100 a barrel amid geopolitical tension. Hard‑drive maker Seagate, fuel‑cell company Bloom Energy and chip‑equipment supplier Teradyne posted earnings that...
Nasdaq Nosedives as OpenAI Is Off Target: Stock Market Today
U.S. equity markets slipped on Tuesday, with the Nasdaq Composite dropping 0.9% to 24,663 while the Dow and S&P 500 fell modestly. The decline was driven by a sharp sell‑off in AI‑linked stocks after the Wall Street Journal reported that OpenAI...
Intel Reports Better-Than-Expected Results Due to Strong AI Demand
Intel posted a strong Q1 2026, with revenue climbing 7% to $13.6 billion, topping analysts’ expectations by over $1 billion. Non‑GAAP earnings per share surged to $0.29, far exceeding the $0.01 consensus. Growth was driven by robust demand for the new Series 3...
From Coke to GM: Decode the Q1 Earnings Wave Through ETFs
The first‑quarter earnings season showcased strength beyond the tech‑heavy Magnificent Seven, with Coca‑Cola, BP, Spotify, General Motors and UPS all posting solid results. Coca‑Cola beat EPS expectations and raised its full‑year outlook, while BP delivered a $3.2 billion net income and...
REC Posts Record ₹162.8 Billion Profit, Declares Highest Dividend
REC Ltd, the Indian state‑run financier, posted a record net profit of ₹162.8 billion (about $1.96 billion) for FY2025‑26, its highest ever. The firm’s loan sanctions jumped 21% to ₹4.09 trillion (~$49 billion) and disbursements rose 10% to ₹2.11 trillion, while its net worth climbed...
Centene Hikes 2026 Profit Guidance After Buoyant Q1
Centene posted Q1 adjusted earnings of $3.37 per share, far surpassing analysts’ $2.25‑$2.30 expectations, driven by rate hikes that offset a 2‑million drop in ACA enrollment. Net profit rose 18% to $1.5 billion on revenue of $49.9 billion, prompting the company to...
GM Raises 2026 Outlook After Tariff Ruling
General Motors reported first‑quarter 2026 revenue of $43.62 bn, a 0.9% YoY decline, while adjusted EBIT jumped 21.9% to $4.25 bn. The automaker raised its full‑year adjusted EBIT outlook to $13.5‑$15.5 bn after a U.S. Supreme Court decision trimmed tariff costs by $0.5 bn....
WPP Says Turnaround Is Making Early Progress, but There’s a Long Road Ahead
WPP released its first trading update since the February Elevate28 overhaul, showing early signs of progress but acknowledging a long path ahead. Like‑for‑like revenue fell 6.7% to £2.3 bn (about $2.9 bn) and media revenue dropped 8.5% as major clients left. The...
Denso Grows FY2026 Revenue and Profit
Denso announced FY2026 consolidated revenue of ¥7.54 trillion (≈$47 bn), up 5.3% year‑on‑year, and operating profit of ¥552.5 billion (≈$3.5 bn), a 6.5% increase. The company lifted its dividend to ¥67 per share and projects FY2027 revenue of ¥7.67 trillion (≈$48 bn) with operating profit of...
Demand Surge Fuels Taiwan Semiconductor Manufacturing Company’s (TSM) Rally
Taiwan Semiconductor Manufacturing Company (TSM) posted a 25% revenue jump in Q1 2026, with March sales up 45% year‑over‑year, as AI compute demand accelerates. The stock surged 18.81% in the past month and 135.98% over the last 52 weeks, closing...
Citi Lowers Price Target On Palantir Ahead Of Q1 Earnings Report
Citi analyst Tyler Radke lowered Palantir’s price target to $210 from $260, citing broader software‑sector weakness despite the company’s strong growth trajectory. He still expects Palantir to beat Q1 estimates, projecting EPS of $0.28 and revenue of $1.54 billion, driven by robust...
UPS Posts Second Quarter Earnings Decline
UPS reported first‑quarter 2026 revenue of $21.2 billion, down 1.6% year‑over‑year, while basic earnings per share rose to $1.07, beating estimates. Operating profit slipped 23.9% to $1.267 billion. International package revenue grew 3.8%, but U.S. domestic and supply‑chain segments declined. CEO Carol...
UPS International Revenue up, While Domestic Drops
United Parcel Service reported first‑quarter 2026 international package revenue up 3.8% to $4.4 bn, yet operating profit fell 14.4% to $547 m as expenses rose. Domestic revenue slipped 2.3% to $14 bn and profit plunged 47.4% to $515 m, with only a modest 1%...
OpenAI Revenue Report Stings AI Stocks. Why Oracle Stock Is Falling Sharply.
Oracle shares fell more than 3% after a Wall Street Journal report revealed OpenAI missed its revenue and user targets, casting doubt on a reported $300 billion cloud‑computing contract. The shortfall threatens Oracle’s AI‑cloud growth strategy, which underpins a large portion...
How the Iran War Boosted Profits at BP and Barclays
BP’s first‑quarter underlying replacement‑cost profit more than doubled to $3.2 bn, driven by an oil‑trading boom as Brent crude surged to $120 per barrel amid the Iran war. Production remained steady at about 2.3 million barrels of oil equivalent per day, with...
BP's Profit More Than Doubles in Q1 as US Gas Prices Rise
BP reported first‑quarter profit of $3.84 billion, more than five times the $687 million earned a year earlier, as U.S. gasoline prices surged to a yearly high of $4.18 per gallon amid the ongoing Iran‑Saudi conflict. Adjusted earnings reached $1.24 per share,...
Novartis Dips As Generics Take A Bite Out Of Its First-Quarter Sales
Novartis reported first‑quarter sales of $13.11 billion, a 5% decline that missed the $13.44 billion consensus. Core earnings fell 13% to $1.99 per share, below analysts' $2.10 expectation. The company blamed U.S. generic erosion for the shortfall but kept its outlook for...
Target's Stock May Be on a Tear, but Shoppers Are Still Hating on the Company
Target’s shares jumped 9.2% in April as investors bet on a turnaround under new CEO Michael Fiddelke, even though consumer sentiment remains sour. Goldman Sachs data shows Target’s Net Promoter Score at 24.5 and Net Purchase Intent at –9.4%, both...
Here Are Tuesday's Biggest Analyst Calls: Nvidia, Apple, Tesla, Micron, Palantir, Microsoft & More
Wall Street analysts issued a flurry of ratings on Tuesday, keeping Nvidia overweight, Tesla equal weight, and upgrading Uber to buy. UBS nudged Apple’s price target to $287 while BMO lowered Microsoft’s target to $505. Healthcare distributors Cardinal Health, McKesson...
Tesla Rival BYD Reports Plunging Earnings. China EV Giant Is Betting On A Flash Recovery.
Chinese EV maker BYD reported Q1 revenue of $22.01 billion, marginally beating analysts’ $21.28 billion estimate, while earnings per share plunged 57% to $0.07, aligning with forecasts. The drop reflects intense domestic competition that eroded sales and margins, though overseas shipments continued...
Apple Gets a Price Target Hike From UBS Ahead of Earnings
UBS raised its price target on Apple to $287, a 7.2 percent increase from $280, ahead of the company’s fiscal second‑quarter earnings. Analyst David Vogt expects iPhone 17 sales to lift iPhone revenue about 20 percent year‑over‑year and projects third‑quarter revenue at...
Eternal’s Profits Jumps 4.5X to Rs 174 Cr in Q4 FY26
Eternal, the Gurugram‑based foodtech and quick‑commerce platform formerly known as Zomato, posted a Q4 FY26 profit of Rs 174 crore (about $21 million), a 4.5‑times jump from a year earlier. Revenue surged to Rs 17,292 crore (~$2.1 billion) driven primarily by its Blinkit quick‑commerce...
Novartis Shares Fall as Entresto Sales Weaken
Novartis reported a 5% drop in first‑quarter net sales to $13.1 billion, driven by a 46% plunge in heart‑failure drug Entresto after U.S. patent expiry. Earnings per share fell 13% to $1.99 and the stock slipped nearly 3% as results missed...
Spotify Shares Fall as Income Forecast Comes Up Short
Spotify Technology SA saw its shares plunge the most in over four years after the company forecast second‑quarter operating income of €630 million (≈ $737 million), falling short of analysts’ consensus of €674.3 million (≈ $790 million). The miss sparked a sharp sell‑off, with the stock...
The only Number that Matters for 'Magnificent 7' Earnings This Week: Morning Brief
Five of the Magnificent Seven are set to report earnings, but the headline figure investors will watch is the combined capital‑expenditure outlook for Microsoft, Amazon, Meta and Alphabet. The four hyperscalers projected roughly $670 billion in AI‑related capex for 2024, up...
Markets Search for Direction as Geopolitics and Earnings Dominate Focus: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures traded flat to slightly lower on Tuesday as investors balanced geopolitical tension over Iran with mixed corporate news. President Donald Trump expressed dissatisfaction with Iran’s proposal to end hostilities without addressing its nuclear program, keeping the Strait...
Ping An Profit Falls as Market Decline Hurts Investments
Ping An Insurance (Group) Co. reported a 7.4% decline in first‑quarter profit, with net income dropping to 25 billion yuan ($3.7 billion) from 27 billion yuan a year earlier. The fall reflects weaker investment returns as China’s stock market weakened, eroding gains from...
Nifty 50 Loses Valuation Cushion After Recent Rally; Fuel Price Risk May Trigger Short-Term Correction: Emkay Global
Emkay Global warns that the Nifty 50’s recent rally has eroded its valuation cushion, with the index now trading at a FY27E price‑to‑earnings multiple of 19.5×, close to its long‑term average. The brokerage cites $14.2 billion of FPI outflows in Q4FY26,...
Nestlé Holds Steady Despite Exchange Rate Pressure and Product Recalls
Nestlé reported first‑quarter revenue of 21.3 billion Swiss francs, roughly $23.4 billion, a 5.7% decline driven largely by a 9.3% hit from adverse currency movements and the lingering fallout of a global baby‑formula recall. Despite the headwinds, the company posted solid organic...
WPP Revenue Falls 8.9% as CEO Cindy Rose Opts Out of Q1 Earnings Call
WPP reported a 6.6% year‑on‑year revenue decline in Q1 2026, posting $4 bn (≈£3.3 bn) versus $4.2 bn a year earlier. Revenue‑less‑past‑through costs fell 8.9% YoY to $2.9 bn (≈£2.2 bn). Organic growth slowed sharply in Africa and the Middle East (‑11.1%) and China (‑12.2%),...
Coal India Shares Rise over 3% After Q4 Results: What Jefferies, Morgan Stanley, HSBC and Others Are Saying
Coal India's shares jumped over 3% after it posted a solid March‑quarter, with consolidated profit after tax climbing 12% to ₹10,908 crore (about $1.3 billion). Revenue rose 6% to ₹46,490 crore (~$5.6 billion) and EBITDA increased 12% to ₹17,917 crore (~$2.2 billion), lifting margins to 39%....
Reliance Share Price Target Hiked to Rs 1,910: Why Goldman, CLSA, and Morgan Stanley Are Betting Big
Reliance Industries (RIL) saw its 12‑month price target lifted to Rs 1,910 (≈$23) by Goldman Sachs, the highest among a group of global brokerages. The boost comes despite a 13% stock decline after a weak oil‑to‑chemicals quarter, as analysts expect O2C...
‘Sucking Profits Out Of Australia’: Meta Sends $1.5B Revenue Overseas
Meta generated $1.74 billion in Australian advertising revenue in 2025, up from $1.46 billion the year before. However, 87 percent of that income was transferred to other Meta‑owned entities, leaving only $223.9 million as net revenue in Australia. The company paid $61.16 million in Australian...
Intel US$6.5 Billion Bond Sale Signals Investor Hope in Turnaround
Intel raised $6.5 bn in a new bond offering that attracted roughly $50 bn of investor orders, the strongest demand seen this year. The proceeds will be used to repurchase a 49% stake in its Fab 34 joint venture in Ireland, a move...
Nasdaq Notches Another New All-Time High: Stock Market Today
The Nasdaq Composite closed at a record 24,887, marking another all‑time high as the market heads into a busy earnings week. Big‑tech giants—including Alphabet, Amazon, Meta, Microsoft and Apple—are slated to report after the bell, while oil supermajors such as...
Amazon Q1 Earnings Preview: 5 Anthropic, AWS And Middle East Things To Watch For
Amazon will report Q1 2026 earnings on April 29, with analysts expecting AWS revenue to rise 26 percent year‑over‑year to about $36.8 billion. The company also highlighted a massive AI partnership, guaranteeing $100 billion in AWS revenue over the next decade through Anthropic. Meanwhile, drone...
Verizon Ups Guidance as Q1 Report Serves up Mixed Messages
Verizon reported a rare post‑paid phone net addition of 55,000 in Q1 2026, the first positive quarterly gain since 2013, bringing total connections to 93.9 million. The company’s fibre business added 127,000 customers, reaching 10.8 million, while fixed‑wireless access grew to 6 million....
Coal India Q4 Results: Profit Rises 12% to Rs 10,908 Crore; Co Declares Rs 5.25 Dividend
Coal India posted a 12% rise in Q4 profit to Rs 10,908 crore (≈$1.31 billion) on stronger realizations, while EBITDA grew to Rs 17,917 crore and margins expanded to 39%. Sales volume slipped 1% to 198.8 million tonnes, but average price per tonne rose 6% to...