Articles by James Calloway
Norfolk Southern Faces Headwinds from Fuel Costs and Merger Uncertainty
Norfolk Southern reported a 27% drop in Q1 net income to $547 million, weighed by higher fuel costs and merger expenses. Shares slipped 0.5% as investors focused on cost pressures and weak freight volumes.
Qualcomm Rallies Ahead of Earnings, AI Sector Faces Pivotal Week
Qualcomm shares jumped 9.7% ahead of its April 29 earnings report, but JPMorgan downgraded the stock citing smartphone and data-center challenges. Adobe announced a $25B buyback as it pivots to AI.
American Express Shares Dip Despite Q1 Profit Beat as Travel Spending Worries Mount
American Express reported Q1 EPS of $4.28, up 18%, and revenue of $18.9 billion, but shares fell 4.3% as investors focused on rising costs and weaker airline spending.
P&G Tops Q3 Estimates, Flags $150M Commodity Hit on Fiscal 2026
Procter & Gamble reported fiscal Q3 net sales of $21.2 billion and core EPS of $1.59, beating estimates. The company warned of a $150 million cost hit from commodities and tariffs in fiscal 2026.
IREN's AI Pivot Faces Key Test as Q3 Earnings, Microsoft Deal Loom
IREN Limited reports fiscal Q3 earnings on May 7, with investors focused on AI data center expansion, a $9.7 billion Microsoft deal, and $6 billion share dilution risk.
Skillz Surges on $420M Papaya Verdict, Then Tumbles as Reality Sets In
Skillz shares soared 238% on a $420M jury verdict against Papaya Gaming, then dropped 25% pre-market as the market digested the company's $70.4M net loss.
FirstEnergy Ohio Rate Plan Could Add $5 to Monthly Bills
FirstEnergy's Ohio utilities are set to file a three-year rate plan by May 22 that could raise typical residential bills by $4.26 to $5.30 per month annually.
Newmont Tops Q1 Estimates, Authorizes $6B Buyback, Warns on Q2 Costs
Newmont reported Q1 adjusted earnings of $2.90 per share, beating estimates, and authorized a new $6 billion buyback. The miner warned of higher costs and lower output in the second quarter.
SAP Q1 Beats Estimates on Cloud Strength, Maintains Annual Guidance
SAP beat Q1 estimates with cloud revenue up 27% in constant currencies. Operating profit rose 17% to €2.74B. The company reaffirmed its 2026 targets and full-year guidance.
MaxLinear Soars 23% on AI Optical Demand, Q2 Revenue Guidance Tops Estimates
MaxLinear reported Q1 revenue of $137.2M, up 43% YoY, and issued Q2 guidance of $160M-$170M, far above analysts' $137.1M estimate, fueled by AI data-center demand for optical chips.
Comfort Systems USA Profit Surges on Data Center Boom, Shares Rally
Comfort Systems USA Q1 profit more than doubled to $370.4M, revenue surged 56.5% to $2.87B on data center demand. Backlog hit $12.45B, shares rose 3%.
AmEx Q1 Earnings Beat, But Flat Guidance and Travel Spending Concerns Weigh on Stock
American Express beat Q1 earnings estimates with EPS of $4.28, but shares dropped as the company kept its full-year outlook unchanged and noted pressure on travel spending.