With Exxon Mobil Corp (NYSE: XOM) gearing up to unveil its first-quarter earnings report, investors are eyeing the horizon with anticipation. As the energy behemoth steps into the earnings spotlight, projections and expectations loom large.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Analysts have already made their predictions, estimating that Exxon Mobil will bring in around $81 billion in revenue for the January to March period. However, this es ...

Core Insights - IBM reported Q1 financial results with revenue of $14.46 billion, slightly below the expected $14.54 billion, while operating earnings per share were $1.68, exceeding the forecast of $1.59 [1][5] - The company's software revenue increased by 5% to $5.90 billion, driven by strong demand for AI solutions [1][5] - CEO Arvind Krishna highlighted the growth in free cash flow and the success of the watsonx platform, which has surpassed $1 billion in revenue since its launch [1][3] Financial Performance - Net income rose year-over-year to $1.6 billion [5] - Infrastructure revenue exceeded expectations at $3.08 billion, compared to the estimated $2.94 billion [5] - Consulting revenue was reported at $5.19 billion, slightly lower than the expected $5.10 billion [5] Strategic Developments - IBM is expanding its AI offerings with the introduction of Meta Llama 3 to the watsonx platform [4] - The company plans to acquire HashiCorp for $6.4 billion to strengthen its position in hybrid cloud and AI [4] - The growth in IBM's generative AI segment is expected to significantly increase earnings in the coming quarters [3] Market Reaction - Following the earnings report, IBM's stock fell over 7% in after-hours trading to $171.85, despite a year-to-date increase of 12.4% and a 35% rise over the last six months [6] - The CEO remains optimistic about 2024, projecting $12 billion in free cash flow and revenue growth in line with mid-single digit expectations [6]

Caterpillar (NYSE: CAT) stock price will be in the spotlight this week as the company publishes its financial results for the first quarter. These results will come at a time when the stock has retreated from the year-to-date high of $380 to $363. Still, it is one of the best-performing company in the Dow Jones as it jumped by over 358% from its lowest point in January 2020.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Caterpillar earnings aheadCopy ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Biogen Inc. (NASDAQ: BIIB), a leading biotechnology company, has released its Q1 2024 financial results, showcasing resilience and strategic growth despite facing revenue challenges.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.In the first quarter of 2024, Biogen reported a revenue of $2.29 billion, which slightly missed expectations by $30 million. However, the company demo ...

Boeing Co (NYSE: BA) is trading up in premarket on Wednesday after coming in ahead of Street estimates for its fiscal first quarter. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Why else is Boeing stock up on Wednesday?Copy link to sectionShareholders are content also because the aerospace giant expressed confidence that its supply chain is now stabilising. Dave Calhoun – the chief executive of Boeing Co told employees today: We are absolutely comm ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >On April 24th, mobility and fiber service provider AT&T (NYSE: T) reported their first financial results for the 2024 year.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.AT&T is the second of the United States telecoms giants to announce their Q1 earnings, with Verizon having reported on Monday and T-Mobile reporting results tomorrow. A highlight for the company was its free c ...

Alphabet Inc. (NASDAQ:GOOGL) shares are trading near all-time highs going into Q1 earnings. The company has a history of reporting EPS numbers that beat the consensus estimates quarter after quarter and this quarter might not be that different.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.For Q1 2024 analysts are expecting the company to report EPS of $1.50, a sharp jump from the $1.17 it had reported in the same quarter of the previous financial ye ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Tesla, the leading American electric vehicle manufacturer, recently teased a new development during their Q1 Earnings Call that may soon allow your car to autonomously pick you up or earn money on its own.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Here’s a detailed look at what Tesla’s future in autonomous driving technology holds. Tesla’s robo taxiCopy link to sectionTesl ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Tesla (NASDAQ:TSLA) reported its Q1 earnings on Tuesday after the bell. The report reveals various financial challenges, with declined profitability.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Its earnings per share came at $0.45, lower than analyst estimates of $0.51. Also, the EV marker’s revenue declined by 9% to $21.3 billion, missing the consensus expectations of $22.3 ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >General Motors Co. (NYSE: GM) on April 23rd reported better-than-expected financial results, with a rise in both revenue and EPS from the previous quarter.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The company reported net income attributable to stockholders of almost $3.0 billion ($2.98 billion), up almost 25% from Q 2023. General Motors also reported first-quarter 2024 ...