Analyst Estimates for Q3 2024Q2 2024Q3 2023Revenue$40.25 billion$39.1 billion$34.15 billionEarnings Per Share$5.20$5.16$4.39Net Income$13.56 billion$13.47 billion$11.58 billion Key Metric: Advertising Revenue Meta shares popped after the social media giant reported in July that it's seen early gains from artificial intelligence (AI) to optimize user engagement, benefitting its ad business. Deutsche Bank analysts told clients earlier this month they expect Meta's AI-driven optimization campaign to contin ...

Key Takeaways Retail investors have lately preferred single stocks to ETFs, which may signal optimism about the markets.Nvidia has been the most popular single stock among retail investors, amounting to more than $1.1 billion worth of net purchases between Oct. 17 and Oct. 23.Retail investors have also invested in Tesla, major tech stocks—and Donald Trump's media company's shares. Retail investors have been buying up Nvidia (NVDA) and favoring single stocks over exchange-traded funds lately. That could indi ...

Core Insights - HCA Healthcare reported worse-than-expected results for the third quarter, primarily due to the impact of recent hurricanes, leading to a significant drop in share price by approximately 10% [1][2] - The company experienced a third-quarter earnings per share (EPS) of $4.88, with revenue increasing by 8% to $17.49 billion, both figures falling short of analyst expectations [1] - HCA estimated additional expenses and revenue losses of $50 million, or $0.15 per diluted share, related to Hurricane Helene's impact on facilities in Florida, Georgia, and North Carolina [1] Financial Impact - For the current quarter, HCA anticipates ongoing additional expenses and revenue losses between $200 million to $300 million, translating to $0.60 to $0.90 per share, due to the effects of Hurricanes Helene and Milton [2] - The company expects that the consequences of Hurricane Helene will continue to affect its North Carolina operations into 2025, but believes these impacts will be manageable [2] - Despite the recent declines, HCA Healthcare shares have increased by one-third in value over the year [2]

Yesterday's hit stock has cooled a bit today—but it's still working its way higher. Shares of EV maker Tesla (TSLA) were up nearly 3% in early trading Friday to around $268, outperforming the benchmark S&P 500. (Read today's markets coverage here.) That's less dramatic than the numbers the stock turned in Thursday as the company saw its shares rise 22%, its biggest percentage gain in more than a decade, on the back of an earnings report and outlook investors cheered.  Today's move has the stock on track fo ...

Core Insights - Apple regained a top-five position in China's smartphone market for Q3, with a 15.6% market share, down from 16.1% a year ago, but still achieving the second-most sales [1][3] - The Chinese smartphone market saw a year-over-year sales increase of 3.2% to 68.8 million units, driven by a wave of device upgrades despite economic challenges [3] Company Performance - Apple fell out of the top five smartphone sellers in Q2 due to struggling sales in the first half of the year, as domestic competitors like Huawei, vivo, and Xiaomi gained market share [2] - The launch of the iPhone 16 contributed to Apple's recovery in Q3, allowing it to regain its standing among the top sellers [1][3] Market Dynamics - The smartphone market in China is experiencing a recovery fueled by pent-up consumer demand after three years, despite ongoing economic challenges [3] - Apple has not yet integrated its latest AI features into devices in China, which could impact its competitive position against local rivals [3][4] Executive Actions - Apple's CEO Tim Cook visited Beijing to meet with government officials and local partners to garner support for Apple Intelligence [4] - Apple shares increased by less than 1% after market opening, with a notable gain of about 20% in 2024 [4]

Key TakeawaysThe S&P 500 added 0.2% on Thursday, Oct. 24, 2024, following strong quarterly results from Tesla and a slew of other corporate earnings releases.Molina Healthcare shares surged as increased premium revenue from Medicaid plans helped the insurer top quarterly sales and profit estimates.Results from mining giant Newmont fell short of expectations, dragged down by elevated costs, and its shares plummeted. Major U.S. equities indexes were mixed on Thursday as investors digested the latest corporate ...

Tesla (TSLA) stock notched its best day in more than a decade on Thursday after the electric vehicle maker topped earnings estimates and promised a lower-cost model would begin production early next year.  Tesla shares soared 22% Thursday, their biggest one-day gain since May 2013 when the company reported $500 million in quarterly sales for the first time. In the most recent quarter, vehicle sales exceeded $20 billion.  Tesla's surging stock lifted the S&P 500's Automobiles Industry Index, which advanced ...

Earnings and Stock Performance - Tesla shares surged approximately 20% to around $257 following the release of its third-quarter earnings [2] - The company reported a net income of $2.17 billion, or 62 cents per share, up from $1.85 billion, or 53 cents per share, in the same quarter last year [2] - Margins improved to 19.8% from 17.9% year-over-year, exceeding analysts' expectations [2] Growth Projections and Analyst Reactions - Tesla projected vehicle delivery growth of 20% to 30% for next year, significantly higher than Wall Street's estimates of 10% to 12% [1][2] - Bank of America analysts described Tesla as "charging up for the next wave of growth" and raised their price target to $265 from $255, maintaining a Buy rating [1][3] - Wedbush analysts likened Tesla's performance to an "Aaron Judge-like performance" and maintained an Outperform rating with a $300 price target [1] - JPMorgan expressed skepticism, calling the growth projections "ebullient forecasts" and maintaining an Underweight rating, though it raised its price target to $135 from $130 [2] Future Plans and Innovations - Tesla plans to begin production of its Semitruck and Cybercab by 2025, signaling expansion into new vehicle segments [3] - The company is also preparing to launch a public ride-hailing app in Texas and California, with paid public rides expected to be available next year [3] Market Sentiment and Analyst Ratings - The strong earnings report and growth projections have generated positive sentiment among some analysts, with Bank of America and Wedbush maintaining bullish outlooks [1][3] - However, JPMorgan remains cautious, highlighting potential risks associated with Tesla's ambitious growth targets [2]

 Analysts' Estimates for Q3 2024 Q2 2024 Q3 2023 Revenue $86.41 billion $84.74 billion $76.69 billion Earnings Per Share $1.85 $1.89 $1.55 Net Income $23.03 billion  $23.62 billion$19.69 billion Key Metrics: Cloud Revenue and AI Spending In the second quarter, Alphabet's results topped estimates as revenue from Google Cloud surged 28% year-over-year to $10.35 billion. However, the company's stock took a hit the day after the report amid concerns about the tech giant's higher spending on artificial intell ...

After Tesla (TSLA) reported third-quarter earnings that beat analysts' expectations, CEO Elon Musk updated investors on the company’s growing profitability, ambitions for 2025, and more. Investors liked what they heard last night, with the EV maker's stock up nearly 20% in Thursday trading, in positive territory for the year. Tesla Grows Profits In a 'Very Challenging Automotive Environment’ Tesla's net income for the third quarter grew 17% year-over-year to $2.17 billion, as its gross margin rose to 19 ...