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Teladoc's (NYSE:TDOC) Q1 Sales Top Estimates But Quarterly Guidance Underwhelms
Digital medical services platform Teladoc Health (NYSE:TDOC) announced better-than-expected results in Q1 CY2024, with revenue up 2.7% year on year to $646.1 million. On the other hand, next quarter's revenue guidance of $647.5 million was less impressive, coming in 2.3% below analysts' estimates. It made a GAAP loss of $0.49 per share, down from its loss of $0.42 per share in the same quarter last year.
No Surprises In Intel's (NASDAQ:INTC) Q1 Sales Numbers But Stock Drops on Weak Guidance
Computer processor maker Intel (NASDAQ:INTC) reported results in line with analysts' expectations in Q1 CY2024, with revenue up 8.6% year on year to $12.72 billion. On the other hand, next quarter's revenue guidance of $13 billion was less impressive, coming in 4.4% below analysts' estimates. It made a non-GAAP profit of $0.10 per share, improving from its loss of $0.04 per share in the same quarter last year.
Why Brunswick (BC) Shares Are Falling Today
Shares of boat and marine manufacturer Brunswick (NYSE:BC) fell 7.8% in the afternoon session after the company reported first-quarter results with revenue and EPS guidance for the next quarter below Wall Street's expectations. Revenue was also underwhelming during the quarter, coming in roughly in line with analysts' estimates, as the company called out continued economic uncertainty. Management added that "Marine dealers, manufacturers and retailers continue to demonstrate caution with early-season wholesale ordering patterns, resulting in reduced shipment rates across our product businesses as compared to the first quarter of 2023 in which pipelines were being filled." Another concerning development during the quarter was the recorded cash burn. Overall, this was a weaker quarter for the company.
Chipotle (CMG) Shares Skyrocket, What You Need To Know
Shares of mexican fast-food chain Chipotle (NYSE:CMG) jumped 7.3% in the afternoon session after the company reported a "beat and raise" quarter. Fourth quarter results beat analysts' expectations for same-store sales, revenue, gross margin, and EPS. Notably, the results benefited from new restaurant openings (47 new restaurants in Q1), while comparable sales growth was driven by higher transactions(+5.4%) and an increase in average checks (+1.6% ). Moving on, full-year guidance for comparable store sales was raised from a mid-single digit year-on-year percentage increase to a mid to high-single-digit percentage increase. Zooming out, we think this was a great quarter that shareholders will appreciate.
Why Strategic Education (STRA) Stock Is Up Today
Shares of higher education company Strategic Education (NASDAQ:STRA) jumped 15.4% in the afternoon session after the company reported first-quarter results, which blew past analysts' EPS expectations. Its revenue and operating margin outperformed, driven by better-than-expected student enrollments across the globe and employer-affiliated enrollment in its education technology services segment. Strategic Education also announced a quarterly dividend of $0.60 per share that will be paid on June 3, 2024 to shareholders as of May 24, 2024. Zooming out, we think this was a great quarter that shareholders will appreciate.
Why Keurig Dr Pepper (KDP) Stock Is Up Today
Shares of beverage company Keurig Dr Pepper (NASDAQ:KDP) jumped 6.6% in the morning session after the company reported first-quarter results, which beat analysts' revenue, gross margin, and EPS expectations. That the company maintained previous full year guidance for sales and EPS growth means the operating environment and demand trends remain consistent with what the company observed about three months ago.
Why O'Reilly (ORLY) Shares Are Getting Obliterated Today
Shares of auto parts and accessories retailer O’Reilly Automotive (NASDAQ:ORLY) fell 7.3% in the morning session after the company reported first quarter results with same store sales falling below expectations, leading to a revenue miss. While gross margin was roughly in line with expectations, EPS was below consensus.
Why Harley-Davidson (HOG) Stock Is Nosediving
Shares of american motorcycle manufacturing company Harley-Davidson (NYSE:HOG) fell 14.3% in the morning session after the company reported first-quarter results with operating profits falling below Wall Street's estimates. Looking closely, both gross and operating margins in the core segment that sells motorcycles and parts declined meaningfully year over year. Overall, the results could have been better.
Teradyne (TER) Shares Skyrocket, What You Need To Know
Shares of semiconductor testing company Teradyne (NASDAQ:TER) jumped 9.1% in the pre-market session after the company reported first quartrer results that blew past analysts' revenue and EPS expectations. Looking ahead, next quarter's revenue and EPS guidance were higher than Wall Street's estimates.
Meta (META) Stock Trades Down, Here Is Why
Shares of social network operator Meta Platforms (NASDAQ:META) fell 17.2% in the pre-market session after the company reported first-quarter results with revenue guidance for the next quarter, missing analysts' expectations. Meta also raised its forecasted operating expenses and capital expenditures for the full year. The increased costs are related to the company's AI infrastructure.