Tesla, Hilton, Boeing, Biogen… Stocks to watch today on Wall Street – 04/24/2024 at 2:55 pm

(AOF) –

AT&T

Telephone company AT&T posted a better-than-expected profit. In the first quarter, the company generated net income down 15.8% to $3.75 billion, or 47 cents per share. Excluding one-time items, earnings per share came to 55 cents, 2 cents better than consensus. Its sales fell 0.4% to $30.03 billion, coming in below expectations: $30.5 billion.

Baker Hughes

The income of Baker Hughes in the first quarter of 2024 reached $ 6.4 billion, an increase of 12% compared to the first quarter of 2023. In addition, in this period, the operating profit increased by 49% to 653 million euros. Adjusted Ebitda increased by 21% to 943 million euros. However, in the first three months of 2024, earnings per share fell by 20% year-on-year to $0.45. Orders fell 14% year over year to $6.54 billion.

Biogen

Biogen is expected to rise sharply in pre-market trading on Wall Street after it posted a better-than-expected quarterly profit. The American pharmaceutical group posted adjusted earnings per share of $3.67 versus the expected $3.44, despite disappointing revenue of $2.29 billion instead of the $2.31 billion expected. The biotech is confirming its full-year outlook, with adjusted earnings per share expected between $15 and $16, up 5% year over year. Leqembi saw its sales increase by 3% during the quarter to $19 million.

Boeing

In the first quarter of 2024, Boeing’s revenue decreased by 8% to $16.6 billion. During this period, the aircraft maker posted a loss of $86 million compared to a loss of $149 million a year ago for the same period. The group narrowed its loss in the quarter year-on-year, from 425 million ($0.69 loss per share) to $355 million ($0.56 loss per share). Adjusted loss per share came to $1.13, compared with the FactSet consensus of $1.63.

Hilton

Hilton is expected to rise significantly in pre-market trading on Wall Street due to better-than-expected quarterly results and an increase in its outlook. The US hotel group now expects its annual earnings per share to be between $6.89 and $7.03 instead of between $6.80 and $6.94 previously. Quarterly earnings per share came in at $1.53 instead of the $1.42 expected.

Tesla

Tesla is expected to rise more than 10% in pre-market trading on Wall Street after the publication of its first quarter results. The American electric car maker sees its adjusted earnings per share at $0.45 compared to $0.51 expected after $0.85 in 2023. Its sales will not exceed $21.30 billion, down 9% for one year, instead of the expected $22.15 billion. Shipments also showed a 9% year-over-year decline to 386,810 with production down 2% to 433,371 vehicles.

Cocktails

Visa delivered better-than-expected quarterly performance. The credit card and payments group’s total revenue rose 10% to $4.7 billion in the second quarter ended in late March, or $2.29 per share. Adjusted earnings per share came in at $2.51, 7 cents better than the FactSet consensus. Revenue rose 10% to $8.8 billion, beating expectations: $8.63 billion.