Meta Platforms (NASDAQ:META) , a social media and virtual reality company, closed Thursday at $611.91, down 8.55%. Shares dropped after Q1 results paired strong revenue and EPS beats with sharply higher AI and infrastructure capex guidance, and investors are watching how rising spending and softer user trends affect future AI monetization. The company’s trading volume reached 52.6 million shares, ...
Meta Platforms (NASDAQ:META) , a social media and virtual reality company, closed Thursday at $611.91, down 8.55%. Shares dropped after Q1 results paired strong revenue and EPS beats with sharply higher AI and infrastructure capex guidance, and investors are watching how rising spending and softer user trends affect future AI monetization. The company’s trading volume reached 52.6 million shares, which is about 218% above compared with its three-month average of 16.2 million shares. The S&P 500 (SNPINDEX:^GSPC) added 1.08% to finish at 7,209.1, while the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.89% to close at 24,892. Within social media and advertising, industry peers Alphabet (NASDAQ:GOOGL) closed at $381.4, up 9.97%, and Snap (NYSE:SNAP) ended at $6.07, rising 1.51%, highlighting mixed reactions across platform stocks. Continue reading
Apple gave a better-than-expected sales forecast for its current quarter during the conference call Thursday, sending shares higher. Apple said it expects fiscal third-quarter revenue to grow between 14% to 17% from the prior year, which is better than analyst estimates for 9% growth.
Apple gave a better-than-expected sales forecast for its current quarter during the conference call Thursday, sending shares higher. Apple said it expects fiscal third-quarter revenue to grow between 14% to 17% from the prior year, which is better than analyst estimates for 9% growth.
Oleksandr Lanevskyi/iStock via Getty Images Since the Buy call issued in December last year, a lot of things have changed for the Cohen & Steers Infrastructure Fund ( UTF ). The earlier accumulation call was based on a healthy discount, NAV upside potential of the underlying holdings, and income durability. The discount still persists—it has not normalized nor widened further, either. The lack of ...
Oleksandr Lanevskyi/iStock via Getty Images Since the Buy call issued in December last year, a lot of things have changed for the Cohen & Steers Infrastructure Fund ( UTF ). The earlier accumulation call was based on a healthy discount, NAV upside potential of the underlying holdings, and income durability. The discount still persists—it has not normalized nor widened further, either. The lack of discount normalization is expected given the macro environment has become more uncertain since December as a global energy crisis and US stagflation possibilities have grown. Importantly, despite this backdrop, the discount has not widened further, suggesting that a large part of the macro risk was already priced in during the sharp repricing seen late last year, with current levels reflecting a more balanced risk-reward. While most of the discount is still at the same level, the NAV has grown strongly over the past ~4 months. A look at some of the top holdings shows that this NAV growth is not merely an earnings-led rally—there has been a degree of multiple normalization from the lows of late last year. The net result has been that UTF has delivered strong total returns of ~15% in just over 4 months. Data by YCharts My forward view is that while the macro situation is still uncertain and rates could indeed stay high for far longer than expected (despite rapid geopolitical developments in today's world), the current discount appears to compensate for much of the macro and leverage-related risks. Even if there is a further discount widening or a NAV drop in the underlying stocks (if multiples come under stress), several supportive factors, such as UTF's healthy yields, thematic purity and hence lack of narrative-driven or speculative exposures, slightly lower leverage, and diversified portfolio construction with stable cash flow visibility, make UTF still a Buy today. The expectations should only change from one that had a bigger rerating trigger for the underlying to one wh...
Apple continues to bring iPhone users into the larger family of Apple products. On the company's earnings call Thursday, chief financial officer Kevan Parekh said that Apple set a March quarter record for customers new to the Mac, with over half of iPad and Watch sales to customers who were new to the product.
Apple continues to bring iPhone users into the larger family of Apple products. On the company's earnings call Thursday, chief financial officer Kevan Parekh said that Apple set a March quarter record for customers new to the Mac, with over half of iPad and Watch sales to customers who were new to the product.
Earnings Snapshot (Seeking Alpha) JasonDoiy *Other Operating Data and Guidance Consensus Source: Bloomberg More on Roblox Roblox's Set-Up For Long Term Success Roblox: The Growth Is There, Now Show Us The Margins Roblox: 2025 Was A Good Year, But Bans In Several Countries Weigh On The Outlook Roblox Q1 preview: Booking strength, ad growth, safety challenges in spotlight ClearBridge Select Strategy...
Earnings Snapshot (Seeking Alpha) JasonDoiy *Other Operating Data and Guidance Consensus Source: Bloomberg More on Roblox Roblox's Set-Up For Long Term Success Roblox: The Growth Is There, Now Show Us The Margins Roblox: 2025 Was A Good Year, But Bans In Several Countries Weigh On The Outlook Roblox Q1 preview: Booking strength, ad growth, safety challenges in spotlight ClearBridge Select Strategy repositions portfolio with new entries and exits
If you believe official Russian reports, the country's northern spaceport has come under attack from drones on multiple occasions in the last few months. The drones did not succeed in striking the spaceport, but the attempted attacks come as Russia ramps up activity at Plesetsk Cosmodrome to deploy a new constellation of Internet and data relay satellites akin to SpaceX's Starlink, a space-based n...
If you believe official Russian reports, the country's northern spaceport has come under attack from drones on multiple occasions in the last few months. The drones did not succeed in striking the spaceport, but the attempted attacks come as Russia ramps up activity at Plesetsk Cosmodrome to deploy a new constellation of Internet and data relay satellites akin to SpaceX's Starlink, a space-based network underpinning much of Ukraine's military communications infrastructure. Plesetsk is a military base located in Russia's Arkhangelsk region, some 500 miles north of Moscow. The Russian space agency's first acknowledgment of an attempted drone attack at Plesetsk came a few weeks ago, when the head of Roscosmos, the Russian state corporation for civilian spaceflight, met with Russian President Vladimir Putin in the Kremlin. Read full article Comments
Apple (AAPL) reported second quarter results on Thursday after the closing bell. Adjusted earnings per share (EPS) came in at $2.01 (compared to analyst estimates of $1.96), and revenue came in at $111.2 billion (compared to analyst estimates of $109.66 billion). D.A. Davidson head of tech research Gil Luria and Neuberger Berman senior research analyst Dan Flax chat with Yahoo Finance about the ea...
Apple (AAPL) reported second quarter results on Thursday after the closing bell. Adjusted earnings per share (EPS) came in at $2.01 (compared to analyst estimates of $1.96), and revenue came in at $111.2 billion (compared to analyst estimates of $109.66 billion). D.A. Davidson head of tech research Gil Luria and Neuberger Berman senior research analyst Dan Flax chat with Yahoo Finance about the earnings results, the China market, Apple's artificial intelligence (AI) strategy, and expectations for incoming CEO John Ternus.
Shares of Chipotle Mexican Grill (NYSE: CMG) gained on Thursday after the burrito baron said sales at its restaurants were back on the uptrend. Image source: The Motley Fool. Chipotle's revenue rose 7.4% year over year to $3.1 billion in the first quarter. Continue reading
Shares of Chipotle Mexican Grill (NYSE: CMG) gained on Thursday after the burrito baron said sales at its restaurants were back on the uptrend. Image source: The Motley Fool. Chipotle's revenue rose 7.4% year over year to $3.1 billion in the first quarter. Continue reading
Earnings Call Insights: Granite Construction Incorporated (GVA) Q1 2026 Management View “We recently announced the acquisition of Kenny Seng Construction.” (President, CEO & Director Kyle Larkin) “We expect Kenny Seng Construction to add approximately $150 million in revenue annually with an accretive adjusted EBITDA margin in the high teens.” “We ended the quarter with CAP of $7.2 billion, a $200...
Earnings Call Insights: Granite Construction Incorporated (GVA) Q1 2026 Management View “We recently announced the acquisition of Kenny Seng Construction.” (President, CEO & Director Kyle Larkin) “We expect Kenny Seng Construction to add approximately $150 million in revenue annually with an accretive adjusted EBITDA margin in the high teens.” “We ended the quarter with CAP of $7.2 billion, a $200 million increase from the fourth quarter.” (President, CEO & Director Larkin) “CAP increased despite a reduction of approximately $300 million related to the cancellation of a public sector highway project in California, where expanded scope exceeded available funding.” “I believe that our federal business is positioned to generate more than 15% of our Construction segment revenue as we continue to grow this part of our business.” (President, CEO & Director Larkin) “Second, we are seeing growing opportunities in mission-critical data center projects.” “Revenue increased 30% to $912 million.” (Executive VP & CFO Staci Woolsey) “Adjusted net income increased by $12 million to end at $12 million and adjusted EBITDA increased by $30 million to arrive at $58 million.” Outlook “We are increasing our revenue guidance to a range of $5.2 billion to $5.4 billion from a range of $4.9 billion to $5.1 billion.” (Executive VP & CFO Woolsey) “This increase reflects an additional $200 million of revenue from our new tactical infrastructure contract and $100 million in revenue from Kenny Seng Construction.” “We are decreasing our SG&A as a percent of revenue guidance to a range of 8.25% to 8.75%, down from a range of 8.5% to 9%, inclusive of approximately $48 million in stock-based compensation expense.” (Executive VP & CFO Woolsey) “We are also increasing our adjusted EBITDA margin guidance to a range of 12.25% to 13.25%, up from 12% to 13%.” (Executive VP & CFO Woolsey) “Finally, our CapEx guidance of $140 million to $160 million and our estimated adjusted effective tax rate in the mid-2...
Advice charity also helping thousands of tenants before Renters’ Rights Act comes into force on Friday Solicitors say they have been inundated with requests to serve last-minute section 21 no-fault eviction notices before they are banned when the Renters’ Rights Act comes into force in England on Friday. The legislation, which has been hailed as the biggest change to renting in a generation, bans ...
Advice charity also helping thousands of tenants before Renters’ Rights Act comes into force on Friday Solicitors say they have been inundated with requests to serve last-minute section 21 no-fault eviction notices before they are banned when the Renters’ Rights Act comes into force in England on Friday. The legislation, which has been hailed as the biggest change to renting in a generation, bans no-fault evictions, limits rent increases and abolishes fixed-term tenancies. Continue reading...