reported fiscal first-quarter earnings that were better than expected and the entertainment giant issued guidance for fiscal 2024 that was well ahead of Wall Street estimates. The entertainment giant also said it was boosting its semi-annual dividend by 50%, was establishing a new $3 billion stock buyback plan, and would be investing $1.5 billion for an equity stake in Epic Games, the creator of video game “Fortnite.”
shares rose 5.9%.
said it expects to report adjusted earnings in 2024 roughly in line with the $5.10 a share that the company posted during 2023. Analysts had been forecasting profit of $5.51 a share. The stock was down 9.3% in premarket trading. CEO Alex Chriss said the payments company was “committed to making the necessary changes to our business to drive profitable growth in the years ahead.” He called 2024 “a year focused on execution to position
for long-term success.”
U.S.-listed shares of
were surging 24% after the chip designer said it anticipated revenue in its fiscal fourth quarter of $850 million to $900 million, well above the $779 million midpoint of analysts’ estimates. “
delivered another quarter of record revenues driven by continued adoption of the world’s most pervasive compute platform,” CEO Rene Haas wrote in a letter to shareholders. “The AI wave drove licensing growth as these new devices require Arm’s performant and power-efficient compute platform.”
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jumped 26% after the data-streaming company said it expects revenue in 2024 of about $950 million, up 22% and ahead of analysts’ expectations. Chief Financial Officer Rohan Sivaram said
was confident in “achieving our revenue guidance for 2024 and our first breakeven year for both non-GAAP operating margin and free cash flow margin.”
reported an adjusted fourth-quarter loss of $1.36 a share, narrower than analysts’ estimates, and Chief Financial Officer Scott Haralson said he expects the carrier “will be operating cash-flow positive in the second quarter 2024 and beyond.” The stock declined 5%.
posted fourth-quarter adjusted earnings of $1.91 a share, better than analysts’ estimates of $1.15. Net income attributable to
was $729.2 million, compared with $32.4 million for the year-earlier period. The casino operator said the earnings increasewas the result of increased operating revenue from its Macau and Las Vegas operations. The stock rose 3.7%.
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the maker of electric school buses, reported first-quarter revenue jumped 35% to $317.7 million and topped analysts’ expectations of $275.1 million. The company said it expects fiscal 2024 adjusted Ebitda, or earnings before interest, tax, depreciation and amortization, of $120 million to $140 million, compared with previous guidance of $105 million to $125 million. Blue Bird shares gained 8.8%.
was rising 7.7% after posting fourth-quarter adjusted earnings of $2.88 a share, beating analysts’ forecasts. The company, which develops integrated power semiconductor solutions and power-delivery architectures, also raised its quarterly dividend and said it was acquiring fabless semiconductor startup Axign.
Earnings reports are expected Thursday from
Expedia
,
and
Kenvue
.
Write to Joe Woelfel at joseph.woelfel@barrons.com
