The first new Apple Inc (NASDAQ:AAPL, ETR:APC) iPads since late 2022 did not move the dial much for analysts, as the company refrained from teasing any real artificial intelligence offerings or services
This had been the subject of some "market chatter" in the run-up to the launch but this discussion now seems likely to be deferred until the Worldwide Developers Conference next month, said UBS, which feels the new iPad Pro could "cannibalise" sales of Mac laptops.
Reddit (NYSE:RDDT) posted a strong first quarter earnings report post-listing but a lot of the upside for the stock has already been priced in, analysts at the Bank of America believe.
Q1 revenue of $243 million topped estimates of $212 million, with ad revenue up 39% to $222.7 million, above the expected $199 million.
While Rivian Automotive Inc (NASDAQ:RIVN) shares fell on the back of its first-quarter earnings, analysts said the results were roughly in line with expectations and there were signs of improvement.
The Q1 results surpassed revenue expectations at $1.20 billion but fell short on profitability, with an EBITDA loss of $798 million.
JD Wetherspoon PLC (LSE:JDW)’s upbeat third-quarter trading update reflects improving conditions across the UK’s pub sector, analysts say.
Citing strengthening demand for drinks from Guinness vodka and coffee, Spoons said on Wednesday that profit for the full year should be at the top end of expectations.
Boohoo Group PLC (AIM:BOO) shares may have fallen immediately following publication of the online fashion group’s annual results, but it could have been worse, according to analysts at Peel Hunt.
Boohoo’s debt pile soared while revenues slid 17% to £1.46 billion in the 2024 financial year, leading to statutory losses before tax of £159.9 million compared to £90.7 million of losses in 2023.
BP is a standout in an oil sector that on fundamentals has appeal, according to analysts at Barclays.
Sticking with a share price target of 1000p or double the current market level, the group's unfashionable focus on oil production and cost-cutting are likely to be the catalysts for a share price rally, said analysts at the UK bank
FTSE 250-listed motor insurance firm Direct Line Insurance Group PLC (LSE:DLG)’s first-quarter results were given the thumbs up from analysts today.
Jefferies said the group is making “reassuring progress”, with estimated written margins maintained above 10% while motor margins “continue to develop in line with expectations”.
Shares of AFC Energy PLC (AIM:AFC, OTC:AFGYF) climbed 6% following the announcement of a strategic partnership with Illuming Power to enhance production capabilities of fuel cell plates and stacks for the former's S Series air-cooled platform.
This deal marks Illuming Power's first venture into such a collaboration, leveraging its extensive international network to produce and deliver these essential components for AFC's H-Power generator modules.
ASOS PLC (LSE:ASC) has received a damning review from Liberum, which noted time was ticking for the fashion retailer to improve cash generation.
Some £500 million worth of convertibles are due for repayment in 2026, analysts from the bank highlighted in a note, potentially prompting a liquidity event.