Investing.com -- Peloton may beat earnings expectations and raise profitability guidance when it reports fiscal third-quarter results this week, according to Morgan Stanley analysts.
The bank’s analysts told investors in a note Wednesday that they “lean positive into the print” despite questions about the company’s long-term growth outlook.
“We expect PTON’s beat&raise cadence on EBITDA/FCF to continue with savings across the P&L,” Morgan Stanley wrote, highlighting... (continue reading...)
Investing.com -- Bank of America (BofA) has upgraded Honeywell (NASDAQ: HON) to Buy from Neutral and raised its price objective on the stock to $250 from $210, citing a return to stable or positive earnings revisions following a solid first-quarter beat.
The company’s shares rose more than 2% in premarket trading Wednesday.
The bank’s analysts note that Honeywell had underperformed its industrial peers over the past two years, weighed down by negative revisions and... (continue reading...)
Investing.com -- Payoneer Global Inc. shares tumbled 9.5% after the financial technology company reported first-quarter earnings that missed analyst expectations and suspended its full-year 2025 guidance, citing macroeconomic uncertainty.
The company reported Q1 adjusted earnings per share of $0.05, falling short of the $0.09 analyst estimate. Revenue for the quarter came in at $246.6 million, slightly above the consensus estimate of $244.73 million and up 8%... (continue reading...)
Investing.com -- Cantor Fitzgerald downgraded Marvell (NASDAQ: MRVL) Technology to Neutral from Overweight in a note Wednesday, citing growing concerns over the company’s future custom silicon business and key client defections.
The firm also cut its price target to $60 from $125, warning that potential revenue declines in 2027 could undercut long-term earnings growth.
“While we believe the meaningful sell-off of MRVL shares since peaking in January reflects loss of... (continue reading...)
Investing.com - Walt Disney (NYSE: DIS) has reported profit and revenue in its fiscal second quarter that topped estimates, while the entertainment giant annual forecast also beat projections despite lingering concerns over tariff-fueled economic uncertainty.
Adjusted earnings per share for the second quarter came in at $1.45, up from $1.21 a year earlier. Analysts had anticipated $1.20, according to Bloomberg consensus forecasts.
Revenue, meanwhile, climbed by 7% to... (continue reading...)
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