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benzinga.comCarMax beat first-quarter earnings estimates but its shares dropped about 8% as investors focused on margin pressure and questions about long-term growth. New CEO Keith Barr outlined a multi-year plan focused on operations and customer experience.
finance.yahoo.comThe Russell 2000 index has gained more ground than the S&P 500 so far this year. Wells Fargo analysts say the advance is occurring alongside a decline in earnings forecasts for small-cap companies.
ventureburn.comGoldman Sachs increased its year-end 2026 forecast for the S&P 500 to 8,000, citing stronger earnings estimates. The revision follows an exceptionally strong first-quarter reporting season.
BenzingaCisco Systems reported fiscal third-quarter revenue of $15.8 billion, exceeding Wall Street expectations. The company also topped earnings estimates and raised its full-year outlook. Shares traded slightly lower in pre-market trading on the news.
CnbcCircle beat Q1 2026 earnings estimates with EPS of $0.21 while reporting revenue of $694 million and USDC circulation of $77 billion. The company, led by CEO Jeremy Allaire, unveiled its Arc blockchain initiative with backing from Andreessen Horowitz, BlackRock and other major in…
financialexpress.comThe Nasdaq Composite climbed to 26,191.87 while the S&P 500 added 0.79 percent to 7,394.79. Information technology shares jumped 2.1 percent even as Fluor Corp fell sharply after missing earnings estimates. Market-on-close imbalances pointed to buying pressure across major indexe…
New York PostEighty-four percent of S&P 500 companies have beaten earnings estimates in the first quarter, above the five-year average. Growth has been led by artificial intelligence demand in technology while consumer-facing sectors showed weaker results. Rising energy prices and declining c…
americanbanker.comPayPal shares fell roughly 10% despite beating revenue and EPS estimates as the company continues to cede market share to Apple Pay and rivals. New CEO Enrique Lores unveiled plans for aggressive AI adoption. Markets showed mixed performance globally after the S&P 500 touched ano…
ibtimes.comDisney reported quarterly revenue growth of 7 percent and an 8 percent rise in adjusted earnings per share. New Chief Executive Josh D’Amaro succeeded Bob Iger in mid-March and sent a memo to employees highlighting four strategic priorities. The company reaffirmed its plan to ret…
France 24Ukrainian forces conducted drone strikes on Russia's Primorsk oil port and shadow fleet tankers in the Baltic and Black Seas on Sunday. Oil prices declined while S&P 500 and Nasdaq futures rose modestly. Investor Jim Chanos noted that AI-related capital spending could boost S&P 5…
realclearmarkets.comS&P 500 companies reported record profits in the first quarter, driven largely by Big Tech firms and anticipated AI-related capital spending. Short-seller Jim Chanos noted that accounting practices for AI investments could further boost earnings estimates for 2026-2027.
CnbcServiceNow reported first-quarter 2026 earnings that exceeded consensus estimates on revenue and profit, prompting the company to raise its full-year guidance. Despite the positive results, shares fell 12% following the announcement. CEO Bill McDermott highlighted AI-driven produ…