SoFi Technologies - SoFi Technologies raised its full-year guidance on Tuesday, with CEO Anthony Noto citing the fintech's "durable growth" in the March quarter. Quarterly earnings of six cents a share came in above the three cents a share analysts expected, according to FactSet. Adjusted net revenue grew 33% to $772 million, marking SoFi's highest growth rate in five quarters and topping Wall Street's call for $739 million. The shares jumped 9% in morning trading.
PayPal - PayPal beat Wall Street estimates for first-quarter earnings and stuck to its annual profit forecast on Tuesday, even at a time when U.S. President Donald Trump's tariffs have fueled economic uncertainty. The shares were flat.
Spotify - Spotify forecast second-quarter profit below market estimates on Tuesday due to employee salary-related taxes, taking the shine off its strong subscriber growth and sending shares of the Swedish music-streaming giant down 7% before the bell.
Coca-Cola - Coca-Cola reported a smaller-than-expected drop in first-quarter revenue on Tuesday, benefiting from price hikes and strong demand for its sodas, juices and milk offering Fairlife. Shares of the Sprite and Fanta maker were flat.
General Motors - General Motors has pulled its annual forecast, reflecting the uncertain effects of U.S. President Donald Trump's global trade war, even as it reported strong quarterly results. The Detroit automaker's shares fell about 2% in morning trading.
Pfizer - U.S. drugmaker Pfizer reported first-quarter profit above Wall Street estimates on Tuesday, helped by cots cuts and better-than-expected sales of its heart disease drug, Vyndaqel. The shares rose 0.6% in morning trading.
NXP Semiconductors - NXP Semiconductors announced a new chief executive officer as part of its quarterly earnings report and warned that the chipmaker was navigating “a very uncertain environment” due to tariffs. The shares sank 6.3% in morning trading on Tuesday.
Royal Caribbean - Royal Caribbean raised its annual profit forecast on Tuesday, benefiting from strong bookings for its high-end private island destinations and premium sailings to regions such as Alaska and Japan. Shares of the company were up 0.5% in morning trading.
JetBlue - JetBlue Airways withdrew its full-year guidance and expects soft demand to continue into the second quarter. The shares fell 2.7% in morning trading.
UPS - UPS's first-quarter profit beat market estimates and the parcel delivery giant said it will cut 20,000 jobs to lower costs in an uncertain economy and in anticipation of weak volumes from its largest customer, Amazon. Shares of the company fell 0.3% on Tuesday after it said it expects to save $3.5 billion in 2025 from jobs cuts and by shutting 73 leased and owned buildings by the end of June.
Deutsche Bank - Deutsche Bank posted a 39% rise in first-quarter profit after its global investment banking division generated a big increase in revenue in bond and currency trading during volatile markets. The profit increase comes despite a writedown for a leveraged-finance deal and the bank's additional provisions for the possible impact of tariffs on clients. The US-listed shares rose 4% in morning trading on Tuesday.
BP - BP missed forecasts on Tuesday with an underlying replacement cost profit of $1.38 billion for the first quarter, below the $1.53 billion expected by analysts in a company-provided poll. BP is buying back $750 million in shares before publishing second-quarter results, at the low end of its guided range. The US-listed shares fell 3.4% in morning trading on Tuesday.
Leggett & Platt shares surged 23.4% in morning trading on Tuesday after the diversified manufacturer reported better-than-expected first quarter earnings and reaffirmed its full-year guidance.
Europe’s largest lender HSBC’s first-quarter results on Tuesday beat estimates on the back of robust performance of its wealth business as well as strength in its corporate and institutional banking segment. The bank also announced share buyback of up to $3 billion which it intends to complete before its 2025 interim results are announced. The US-listed shares rose 2.7% in morning trading on Tuesday.
AstraZeneca on Tuesday said it may face a fine of up to $8 million over suspected unpaid import taxes in China as the drugmaker works to boost business in its second-biggest market after scandals including the arrest of its China president last year. AstraZeneca reported core profit of $2.49 for the three months ended March 31, beating analysts' expectations, but total revenue of $13.59 billion missed estimates. The US-listed shares rose 0.3% in morning trading on Tuesday.
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