Taiwan Semiconductor Manufacturing Company (NYSE:TSM) – TSMC recorded a 9% higher net profit in the first quarter, reaching $6.98 billion, surpassing market expectations. Benefiting from the growing demand for semiconductors for artificial intelligence, the company had a revenue of $18.87 billion, an increase of 13% compared to the previous year. Shares are down -2.11% in pre-market trading.
Alcoa (NYSE:AA) – Alcoa reported a loss of 81 cents per share, larger than expected. However, its EBITDA of $132 million exceeded analyst expectations of $112 million. Total sales were $2.6 billion, also above projections.
Nokia (NYSE:NOK) – Nokia indicated a recovery after a below-expectations quarter, anticipating a stronger second half. Net sales fell 19% to $5 billion, below forecasts. CEO Pekka Lundmark expects a gradual recovery, as the company faces workforce reductions.
Netflix (NASDAQ:NFLX) – Prior to the first-quarter earnings report, Netflix saw a 0.43% increase in pre-market trading. The company expects revenue of $9.24 billion, up 13.2% from the previous year, with earnings of $4.49 per share. Wall Street’s expectations are slightly higher, with projected revenue of $9.27 billion, earnings of $4.51 per share, and an addition of 5.1 million subscribers during the period.
CSX (NASDAQ:CSX) – The railway and real estate transportation company reported earnings of 46 cents per share and revenue of $3.68 billion, while analysts polled by LSEG anticipated earnings of 45 cents per share and revenue of $3.67 billion. Additionally, CSX reiterated its forecast for fiscal year 2024 in terms of revenue growth and volume.
Las Vegas Sands (NYSE:LVS) – Las Vegas Sands faces financial challenges with renovations in Macau and London. The company invested $200 million in the Cotai Arena, reducing events from 31 to 12. The London hotel will undergo renovations, losing up to 600 rooms. First-quarter sales reached $2.96 billion, with adjusted earnings of 75 cents per share.
Kinder Morgan (NYSE:KMI) – Kinder Morgan revealed robust first-quarter results driven by strong performance in pipelines and terminals. The company recorded a net profit of $746 million, or 33 cents per share, surpassing last year’s same period earnings of $679 million, or 30 cents per share.
SL Green Realty Corp. (NYSE:SLG) – SL Green revised its 2024 FFO projections to between $7.35 and $7.65 per share. In the first quarter, it recorded an FFO of $3.07 per share, notably gaining $2.02 due to debt settlement. Total revenue was $187.9 million.
Equifax (NYSE:EFX) – After the consumer credit reporting company released its second-quarter projection below Wall Street estimates, its shares fell 9.5% in Thursday’s pre-market. Equifax expects earnings per share of $1.65 to $1.75, while analysts had anticipated $1.87. The forecasted revenue also fell short of expectations.
VinFast (NASDAQ:VFS) – In the first quarter, the Vietnamese electric vehicle manufacturer recorded a 444% increase in deliveries, totaling almost 9,700 vehicles. Its revenue more than tripled from the previous year, reaching $302.6 million. However, the net loss increased by 3.5%, reaching $618 million. The company plans to expand its global presence and launch new models to boost future growth.
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