Page 49 - Benzinga Pro News Today

Apple rounds off the Magnificent Seven earnings of the week, with the tech giant managing to surpass a lowered bar.

Booking reported quarterly earnings of $20.39 per share which beat the analyst consensus estimate of $14.06 by 45.02%. The company reported quarterly sales of $4.415 billion which beat the analyst consensus estimate of $4.254 billion by 3.79% and represents a 16.86% percent increase over sales of $3.778 billion from the same period last year.

Amgen reported quarterly earnings of $3.96 per share which beat the analyst consensus estimate of $3.87 by 2.33%. The company said EPS decreased by 1% due to higher operating and interest expenses driven by the Horizon acquisition, partially offset by higher revenues.

With the gap between the cost to buy a home versus renting at its highest in 50 years, real estate mogul Grant Cardone predicts his investors will see a return on their investments in his company's real estate portfolio over the next 10 years. Cardone shared a graphic from Visual Capitalist illustrating how rising mortgage rates and home prices have impacted the housing market. In October 1981, during the peak of homebuying for the oldest baby boomers, the 30-year fixed-rate mortgage hit a ...

Bill Gates, the co-founder of Microsoft Corp. and a renowned philanthropist, has been slipping down the ranks of the world’s billionaires. Despite boasting a net worth of nearly $128 billion, Gates is at No. 9 on the Forbes Billionaire Index, a significant drop from his previous position at No. 7 a month ago. This marks his lowest ranking since 1990 when he ranked 16th. Gates has been recognized not only for his immense wealth but also for his environmental advocacy, which makes his owner...

B of A Securities analyst Tal Liani downgraded Fastly Inc (NYSE:FSLY) from Buy to Underperform and lowered the price target from $18 to $8. On Wednesday, Fastly reported quarterly sales of $133.52 million, up by 13.6% year-on-year, which marginally beat the analyst consensus estimate of $133.1 million. EPS loss of $(0.05) beat the analyst consensus estimate loss of $(0.06). The stock price plunged on Thursday. Near-term risks outweigh the longer-term positive catalysts, as per Liani. Deceleratin

Paramount Global shares are trading higher Thursday following a report that Sony Group and Apollo Management have submitted a $26 billion, all-cash offer for the company.

Block, Inc. (NYSE:SQ) shares rose after the company reported its first-quarter financial results on Thursday.