AT&T sees a big subscriber boost - and also beats on free cash flow

AT&T delivered a sharp boost in free cash flow for the first quarter, while delivering a beat on that closely watched metric. 


 
Kering Hit After Warning on Profits

Shares in Kering dropped after the Gucci owner said it expected sharply lower operating profit in the first half, as it grapples with sluggish demand in China. 


 
Musk Needs New Teslas to Pay for His Autonomous Dreams

Tesla's plan for a more affordable model that might revive growth and cash flows has been accelerated at the expense of ambition. 


 
Volvo Car Positive on Demand Outlook

Volvo Car expects demand for its cars to remain robust in the coming quarters and still sees retail sales growth increasing this year, despite posting earnings that missed forecasts. 


 
Roche to Meet Full-Year Hopes as Sales Beat Forecasts

Roche first-quarter sales declined on weak demand for its Covid-19 products and currency headwinds but it remained confident of meeting its full-year guidance. 


 
Eni Boosts Buybacks Despite Disappointing First-Quarter

Eni reported first-quarter results that fell short of analysts' forecasts but said it would increase its share buybacks in 2024 to EUR1.6 billion. 


 
HD Hyundai's Ship Maintenance Firm to Raise $540 Million in South Korea IPO

The IPO by HD Hyundai Marine Solution would mark the largest share sale in South Korea in two years. 


 
Lloyds Banking Keeps Outlook as Net Interest Margin Tops Hopes

Lloyds Banking maintained its full-year guidance as it reported a slightly better-than-expected net interest margin for the first quarter but weaker-than-forecast pretax profits. 


 
Orange Outlook on Track Despite Earnings Miss

Orange delivered higher earnings for the first quarter, boosted by strong revenue growth in its Africa and Middle East division, and backed its full-year guidance. 


 
SenseTime Shares Surge on New Language Model It Says Rivals GPT-4 Turbo

Shares of the AI software company surged 31% in Hong Kong on its latest generative AI model which it said had improved linguistic, creative and scientific capabilities.


(END) Dow Jones Newswires

04-24-24 0715ET