China's Tencent Sees Boost From Gaming, AI Demand Even as Revenue Comes in Weaker than Expected
Tencent reported first‑quarter 2026 revenue of 196.5 bn yuan (≈ $28.9 bn), up 9% year‑on‑year but below analyst forecasts. Domestic gaming revenue grew 6% to 45.4 bn yuan (≈ $6.7 bn), a slowdown from the prior year’s 24% surge. The company highlighted rapid progress on AI, noting its WorkBuddy agent as China’s most popular and a 20% jump in ad revenue driven by AI‑enhanced recommendations. Fintech and business‑services earnings rose to 60 bn yuan (≈ $8.8 bn), underscoring AI’s contribution to growth.
Sony Targets Double-Digit Profit Growth Despite Slowdown in PlayStation 5 Sales Amid Memory Price Crunch
Sony announced it expects a 13% rise in net profit to ¥1.16 trillion ($7.4 billion) for the fiscal year ending March 2027, despite a sharp slowdown in PlayStation 5 sales. Fourth‑quarter revenue beat forecasts at ¥3.036 trillion ($19.4 billion), helped by strong image‑sensor and music divisions,...
From Jewelers to Health Tech, CEOs Want Tariff Refunds as Earnings Take a Hit
European CEOs, including Philips and Pandora, are filing for U.S. tariff refunds after a Supreme Court ruling declared the duties illegal. The Treasury’s new portal could process claims from over 330,000 importers covering roughly 53 million entries, potentially costing the United...
Frontier Airlines Forecasts Revenue Boost From Spirit Collapse
Frontier Airlines expects a 3‑5% revenue‑per‑available‑seat‑mile uplift after Spirit Airlines abruptly ceased operations, removing a 35% seat overlap. The airline projects unit revenue to rise more than 20% in Q2 and forecasts adjusted losses of $0.45‑$0.60 per share. Shares jumped...
We're Raising Our Eaton Price Target After Sellers Got the Earnings All Wrong
Eaton reported a record Q1 revenue of $7.45 billion, up 17% year‑over‑year and ahead of the $7.08 billion consensus. Adjusted EPS rose 3% to $2.81, also beating expectations. The company highlighted a 228 GW data‑center backlog—equivalent to 12 years of build‑out at 2025...
DuPont Is Ripping Higher After an Impressive Beat and Raise — Here's Our Next Move
DuPont posted a strong Q1, with revenue up 4% to $1.68 billion and adjusted EPS climbing 53% to $0.55, beating LSEG forecasts. The company navigated Middle‑East logistics disruptions, delaying $10 million of water‑technology sales that were shipped in April. Higher oil and...
Here Are the 3 Big Things We're Watching in the Stock Market in the Week Ahead
The S&P 500 extended its record run last week as AI‑driven earnings surged, and the rally is set to continue with a packed earnings calendar. This week Eaton, DuPont and Arm Holdings will report, each highlighting AI‑related order growth or product...
Linde Is the 'Secret, Quiet' Data Center Play that Keeps Winning for Investors
Linde AG posted first‑quarter revenue of $8.78 billion, up more than 8% year‑over‑year, and adjusted EPS of $4.33, surpassing analyst forecasts. Growth was broad‑based, led by double‑digit gains in electronics and aerospace, while the Americas region delivered a 10% sales increase....
S&P 500 Heads for Its Best Month Since 2020 — Plus, Apple Earnings on Deck
The S&P 500 surged over 10% in April, putting the index on track for its best month since 2020 and briefly topping 7,200. A simultaneous rally lifted the Nasdaq more than 15% for the month, helped by lower oil prices and...
Cardinal Health Is Getting Pummeled on Mixed Results — Here's Our Plan for Stock
Cardinal Health posted an 11% revenue increase to $60.94 billion for Q1 2026, falling short of the $61.7 billion consensus, while adjusted EPS of $3.17 outperformed the $2.79 estimate. Free cash flow surged to $3.3‑$3.7 billion, roughly three times analysts’ expectations, but profit in...
Eli Lilly Shares Surge on a Beat-and-Raise, Proving the Stock's Swoon Was a Mistake
Eli Lilly reported first‑quarter 2026 revenue of $19.8 billion, up 56% year‑over‑year and well above the $17.6 billion consensus, while adjusted earnings per share jumped to $8.55, more than double the prior year and beating the $6.66 estimate. The strong top‑ and bottom‑line...
Hershey Says GLP-1s Are Driving Higher Gum and Mint Sales
Hershey reported an 8% rise in first‑quarter sales of its Ice Breakers gum and mint line, linking the boost to the growing cohort of GLP‑1 drug users who experience bad‑breath side effects. The company said the functional‑snacking tailwind helped lift overall...
Jim Cramer Says Amazon Going up Another 15% and 'Not Stopping' There
Jim Cramer called Amazon the most bullish stock he’s seen after the retailer posted a stellar quarter, forecasting the share price could climb another 15% toward $300. Amazon reported earnings per share of $2.78 on $181.5 billion of revenue, while AWS...
Honeywell Disappoints on Quarterly Results — but Delivers on Its Breakup Plan
Honeywell posted first‑quarter adjusted earnings per share of $2.45, topping the $2.32 LSEG estimate, while revenue rose 2.4% to $9.1 billion, falling short of the $9.3 billion consensus. The results were weighed down by geopolitical tension in Iran and a supply‑chain disruption...
Stocks Making the Biggest Moves After Hours: Tesla, IBM, ServiceNow, Southwest Airlines and More
After‑hours trading on April 22 saw a mixed batch of earnings reactions. IBM slipped 6% after missing full‑year guidance despite an earnings beat, while Tesla fell more than 2% as CEO Elon Musk warned of higher capital spending for autonomous...