Results for: Financial Results

Unisys will release its first-quarter 2024 financial results on , after the close of trading on the New York Stock Exchange. Management will host a conference call with the financial community on , at to discuss the results. The company will offer a live, listen-only webcast of the conference call on the Unisys Investor Website at . A webcast replay will be available on the Unisys Investor Website shortly following the conference call. Unisys executives will host one-on-one and small group meetings in the following upcoming investor conferences:

META Platforms Inc. reported Q2 results that exceeded analyst expectations for revenue, operating income and earnings per share (EPS). Revenue climbed 27% year-over-year, operating income surpassed estimates by 4% and EPS came in approximately 9% higher than anticipated. Despite these strong results, META stock experienced a downturn in after-hours trading, dropping around 13%. The after-hours selloff comes after the internet behemoth adjusted its capital expenditure forecast for the fiscal year 2024, increasing its range to $35 billion to $40 billion from the previous estimate of $30 billion to $37 billion.

Meta Platforms (formerly Facebook) reported mixed financial results for the first quarter, raising concerns about its heavy investments in futuristic technologies. While revenue exceeded expectations, the company’s outlook for the second quarter and increased spending estimates sent its stock plummeting. Meta’s ambitious bets on AI, the Metaverse, and other cutting-edge projects have yet to deliver significant returns for investors.

ServiceNow (NOW) reported impressive first-quarter financial results, surpassing analyst estimates and demonstrating continued growth. Quarterly earnings per share reached $3.41, exceeding the consensus estimate of $3.14, while sales hit $2.6 billion, beating the anticipated $2.59 billion. The company’s subscription revenue growth reached 25% year-over-year, while net new ACV transactions over $5 million increased by 100%. ServiceNow’s CEO attributes the success to its investments in AI technology and the trust customers have placed in the platform.

Chipotle Mexican Grill (CMG) reported impressive financial results for the first quarter of 2023, surpassing analyst estimates and demonstrating continued growth. Revenue increased 14.1% year-over-year to $2.7 billion, exceeding expectations of $2.675 billion. Adjusted earnings per share reached $13.37, significantly higher than the estimated $11.68. Comparable restaurant sales surged by 7% due to increased transactions and a slight increase in average check. Digital sales remained strong, accounting for 36.5% of food and beverage revenue. The company’s continued focus on operational efficiency resulted in an operating margin of 16.3%, up from 15.5% in the previous year. Chipotle opened 47 new restaurants in the quarter, 43 of which featured the popular Chipotlane. Additionally, the company repurchased $25 million of its stock during the quarter and has significant remaining authorization for further buybacks.

Boeing has reported a $355 million loss in the first quarter, highlighting the challenges the company faces as it grapples with safety concerns and manufacturing issues. Despite a revenue decline, the loss was not as significant as analysts had predicted. The company is prioritizing manufacturing improvements, evidenced by a slowdown in production that is impacting plane deliveries to airline customers. Concerns about safety remain after an incident involving a door plug blow-out on a Boeing 737 Max, bringing previous deadly crashes back into focus. The Justice Department continues to consider whether to prosecute Boeing related to the 2019 crash in Ethiopia. Despite current setbacks, Boeing’s strong market position and diverse product portfolio suggest that it will remain a major player in the aerospace industry.

Stewart Information Services Corporation (NYSE: STC) reported improved financial results for the first quarter of 2024 compared to the same period in 2023. The company’s net income attributable to Stewart increased to $0.93 per diluted share in Q1 2024, compared to a net loss of $0.33 per diluted share in Q1 2023. On an adjusted basis, Stewart’s Q1 2024 net income was $1.04 per diluted share, compared to $0.91 per diluted share in Q1 2023. Stewart’s first quarter 2024 pretax income before noncontrolling interests was $68.3 million (on an adjusted basis), compared to a pretax loss before noncontrolling interests of $28.2 million (pretax income of $29.7 million on an adjusted basis) for the first quarter of 2023. The company’s improved results were primarily driven by increased commercial revenues and investment income, partially offset by lower residential transaction volumes and higher expenses. Stewart’s CEO remains focused on strategic investments and balancing thoughtful cost discipline with long-term enterprise initiatives to create a stronger and more resilient company.

Wyndham Hotels & Resorts announced robust results for the three months ended March 31, 2024, highlighting continued progress in execution, openings, franchisee retention, and net room growth worldwide. The company’s global system expanded by 4%, with 1% growth in the U.S. and 8% internationally. The first quarter witnessed a 1% increase in global RevPAR, driven by a 5% decline in the U.S. and growth of 14% internationally. The company generated strong net cash provided by operating activities and adjusted free cash flow, ending the quarter with ample liquidity. Wyndham Hotels also executed $115 million of new forward starting interest rate swaps on its Term Loan B Facility, further enhancing its financial stability. The company’s Board of Directors increased the share repurchase authorization, reinforcing its commitment to returning value to shareholders. These positive results showcase Wyndham Hotels’ ongoing resilience, adaptability, and growth trajectory in the global hospitality industry.

Airbnb, Inc. announced today that the company’s first quarter 2024 financial results will be released after market close on [Date]. The company’s shareholder letter will be available on the Airbnb Investor Relations website at [URL]. Airbnb will host an audio webcast to discuss its results at [Time] / [Date] EST. Interested parties can register for the call in advance by visiting [URL].

Manhattan Associates (NASDAQ: MANH) reported strong financial results for the first quarter of 2024, with a robust increase in revenue and adjusted earnings per share. Total revenue rose by 15% to $255 million, while adjusted earnings per share grew by 29% to $1.03.