With me today are Dermot Smurfit, our CEO; and Karen Flores, CFO. Along those lines, I'd like to remind our audience today that we may make forward-looking statements on the call, which protected under safe harbor afforded by the Federal Securities laws, in each case are qualified by the forward-looking disclaimers contained in our earnings release.
GM kept the earnings momentum going with strong first quarter results, resulting in the automaker upping its full-year guidance. GM also still sees "positive variable profit" in its EV business in the back half of 2024 as well.
PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages. Sales were hurt by a recall early in the quarter of Quaker Oats cereal, bars and snacks because of potential contamination with salmonella. Quaker Foods sales dropped 24% during the quarter.
Spotify on Tuesday reported quarterly monthly active users (MAU) below its own estimates, as the Swedish music streaming company chose to boost profit instead of spending more on marketing activities to draw in more listeners. First-quarter MAUs rose 19%, but missed Spotify's own guidance and a median of analysts' forecasts of 618 million. It also forecast current-quarter MAUs at 631 million, missing estimates of 636.3 million, according to IBES data from LSEG.
Nasa says its most distant probe is once again sending usable information back to Earth.
Goldman Sachs and Bank of America will face challenges on Wednesday as proxy advisers recommend investors vote for the banks to separate their CEO and chairman's roles, in an effort to improve the companies' governance. With support from influential proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis, some investors are leaning towards supporting shareholder resolutions to split the roles, but getting wider support will be tough. "I would love for a company on the echelon of Goldman Sachs to separate those two roles so there's more oversight," said David Wagner, a portfolio manager at Aptus Capital Advisors, which owns Goldman shares.
Baby Reindeer star and creator Richard Gadd has called out online speculation about the show's characters.
Demonstrators at NYU and Yale are arrested while Columbia cancels in-person classes for safety.
‘I’m in the stage of my career where having no coach is also an option’ says 24-time slam winner after Goran Ivanisevic split in March
General Motors on Tuesday posted quarterly results that topped Wall Street targets and raised its annual forecast, citing stable pricing and demand for its gas-engine vehicles. “Our consumer has been remarkably resilient in this period of higher interest rates,” GM's chief financial officer, Paul Jacobson, said. While the company started 2024 strong, Chief Executive Mary Barra still has two large challenges ahead: turning around GM's shrinking sales in China, and salvaging Cruise, its robotaxi unit.
Despite a small dip in U.S. vehicle sales, General Motors' first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles. The Detroit automaker said that while its average sales price per vehicle was down slightly from last year at just under $50,000, pickup sales remained strong, and it's not seeing the price erosion across its lineup that other companies have experienced. GM on Tuesday said it made $2.97 billion from January through March, with revenue increasing 7.6% over the same period a year ago to just over $43 billion.
From Baby Reindeer to the adaptation of David Nicholls' bestseller One Day, these are the best British TV shows to watch now.
More money, more problems?
I-65 South closed after southern Indiana semitrailer crash leaves 2 dead, 1 injured
CSX ( NASDAQ:CSX ) First Quarter 2024 Results Key Financial Results Revenue: US$3.68b (flat on 1Q 2023). Net income...
At least five migrants, including a child, have died after their dinghy capsized in an attempt to cross the English Channel, French emergency services said on Tuesday.
Rain and thunder north ending with a nice Tuesday loading
Blue Devils pitcher Campbell Schaen had two knee operations but is back to full strength now, and her softball team is unbeaten.
The auto maker now sees an operating profit of about $13.5 billion, up from prior guidance of $13 billion and above the $12.4 billion earned last year.
In an interview with Vogue France the Canadian music icon opened up about her fame amid her battle with stiff person syndrome. "Celebrity has made me want to never give up on anything. I was born to communicate on stage, with my team, and with my voice, and with my fans. It's about sharing. I was born to do that. When I found myself on stage for the first time, in Québec, I caught the bug! What has fame taken away from me? Nothing? Because I live every day, and I move forward."
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