Crypto Daybook Americas: Powell Rate-Cut Question Now Biggest Catalyst Amid Earnings Deluge
Your day-ahead look for May 1, 2025
Xerox (NASDAQ:XRX) Posts Q1 Sales In Line With Estimates
Document technology company Xerox (NASDAQ:XRX) met Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 3% year on year to $1.46 billion. Its GAAP loss of $0.75 per share increased from -$0.94 in the same quarter last year.
McDonald's store traffic falls unexpectedly as diners grow uneasy about economy
McDonald’s store traffic fell further than expected in the first quarter as economic uncertainty weighed on diners. McDonald's Chairman and CEO Chris Kempczinski said lower- and middle-income consumers, worried about inflation and the economic outlook, cut back on fast food during the January-March period. Industrywide traffic from consumers making $45,000 per year or less was down by double-digit percentages, he said, and traffic from middle-income consumers was down nearly as much.
Eli Lilly Stock Drops as Lowered Profit Outlook Outweighs Solid Q1 Results
Shares of Eli Lilly fell sharply Thursday morning after the pharmaceutical giant's lowered profit projections outweighed first-quarter results that came in above analysts' expectations.
Another American ally just issued an economic warning because of the trade war
Another day, another piece of evidence that President Donald Trump’s escalating trade war with friends and foes is hurting the global economy. Today: Japan’s central bank cut its economic growth forecast for the country in half.
Graphic Packaging Holding’s (NYSE:GPK) Q1 Earnings Results: Revenue In Line With Expectations But Stock Drops
Consumer packaging solutions provider Graphic Packaging Holding (NYSE:GPK) met Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 6.2% year on year to $2.12 billion. On the other hand, the company’s full-year revenue guidance of $8.35 billion at the midpoint came in 3.7% below analysts’ estimates. Its non-GAAP profit of $0.51 per share was 11.5% below analysts’ consensus estimates.
Stocks are ignoring that terrifying U.S. GDP report as retail investors buy the dip
Buying momentum continued in Asia and European stock markets today, and S&P futures were priced up this morning.
KKR looks to deploy $116 billion cash in choppy market after profit boost
Investment giant KKR is ready to put its $116 billion of capital to use as market volatility creates fresh opportunities, it said after posting a nearly 20% jump in first-quarter profit on Thursday. While tariff-driven turbulence has stirred concerns over limited exit opportunities, top KKR executives said its global footprint and asset mix have put it in a better position than expected. The company could pursue asset sales in Asia and Europe, where the impact has been less severe than in the U.S., co-CEO Scott Nuttall said.
Thomson Reuters maintains 2025 financial forecasts amid economic turmoil
NEW YORK (Reuters) -Thomson Reuters on Thursday confirmed 2025 financial guidance amid tariff-induced global economic turmoil that has led some companies to revise or scrap forecasts altogether. The Toronto-based content and technology company reported quarterly revenue rising 1% to $1.9 billion, slightly below analyst expectations of $1.93 billion, according to LSEG data. Chief Executive Officer Steve Hasker said businesses and government agencies were broadly more cautious about investment decisions amid the turmoil, but most of Thomson Reuters revenue was recurring in nature, often locked into multi-year contracts.
Moderna (NASDAQ:MRNA) Misses Q1 Revenue Estimates
Biotechnology company Moderna (NASDAQ:MRNA) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 35.3% year on year to $108 million. The company’s full-year revenue guidance of $2 billion at the midpoint came in 6.1% below analysts’ estimates. Its GAAP loss of $2.52 per share was 18.6% above analysts’ consensus estimates.