Stock futures slip after Dow notches longest winning streak since December:
15 Mins Ago
Uber shares fall on weaker-than-expected bookings revenue
Uber slid 6% after the ride-hailing giant reported mixed first-quarter results.
The company’s overall revenue exceeded expectations, coming in at $10.13 billion versus an LSEG estimate of $10.11 billion. Booking revenue, however, totaled $37.65 billion. That’s below a StreetAccount forecast of $37.93 billion.
2 Hours Ago
European markets slightly higher
10 Hours Ago
UOB first-quarter net profit falls less than expected, helped by fee income
Singapore’s United Overseas Bank posted a first-quarter net profit of 1.47 billion Singapore dollars ($1.08 billion), a 2% fall compared to the same period last year. This however, beat the mean estimate of SG$1.43 billion from analysts polled by LSEG.
Net interest income, a key profitability indicator, eased to 2%, mainly due to lower net interest margins compared with a year ago.
However, UOB highlighted that net fee income grew 5% year over year to SG$580 million, driven by loan-related, wealth management and credit card fees.
The bank, which is Southeast Asia’s third largest, also said its integration with Citigroup’s businesses was “progressing well,” and said it will complete the integration in Vietnam in 2025.
Last year, UOB acquired Citi’s consumer businesses in four ASEAN markets.
11 Hours Ago
Nintendo shares slide after results and announcement of new Switch console
Shares of Japanese video game company Nintendo slipped almost 4% after the company announced its fourth-quarter results. The company will also announce the successor to its flagship Switch console this fiscal year, according to a Google-translated post on X from the company which quotes Nintendo President Shuntaro Furukawa.
For the fiscal year ended March 2025, Nintendo forecast net sales of 1.35 trillion yen ($8.72 billion) and net profit of 300 billion yen, representing a 39% year-on-year fall in net profit. That was much lower than what analysts had forecast, according to LSEG estimates.
Nintendo’s fourth-quarter results largely beat analysts expectations, except on revenue. It recorded 277.1 billion Japanese yen in sales versus the 280.6 billion yen expected.
Read the full results story here.
— Lim Hui Jie, Arjun Kharpal
13 Hours Ago
Bears have one real level left to defend, BTIG says
Pessimistic investors essentially have just one key level left before bulls have total control of the stock market, according to BTIG Research.
Bulls are “clearly in control” with the S&P 500 above its downtrend and 50-day moving average, said Jonathan Krinsky, the firm’s chief market technician. Now, market bears have only one number left the keep the broad index below: a 76.4% retracement of the S&P 500’s recent decline, which in this case sits around 5,191.
“Bulls clearly have the ball here,” Krinsky wrote to clients.
— Alex Harring
13 Hours Ago
Coffee customers flocking to Dutch Bros shops
Dutch Bros shares are soaring on strong Q1 results. Same-store sales jumped 10% – the largest rise since the fourth quarter of 2021. CEO Christine Barone pointed out that the coffee chain saw “a healthy combination of ticket expansion and traffic.” That’s a stark contrast to coffee giant Starbucks, which last week reported a 7% drop in transactions during its latest quarter that sent the stock tumbling.
Dutch Bros also raised its full-year guidance and announced it’s working with restaurant technology firm Olo to bring mobile ordering to the Dutch Bros app. Shares of Olo are spiking higher on the news.
—Kate Rogers, Robert Hum
13 Hours Ago
Stocks making the biggest moves after hours
These are some of the stocks making notable after-hour moves:
- Reddit — The social media stock popped more than 12% following a better-than-expected quarterly earnings in its first report since the company went public.
- Lyft — The ride-share company advanced 6% after first-quarter sales and earnings beat analysts’ estimates.
- Sonos — The audio product maker tumbled more than 3% after reporting a wider loss than Wall Street expected.
— Alex Harring
14 Hours Ago
Stock futures are little changed
Futures tied to the Dow, S&P 500 and Nasdaq 100 all traded near flat shortly after 6 p.m. ET.
— Alex Harring
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