• Yahoo Finance

    GM boosts full-year guidance after strong Q1 beat; still sees 'variable profit' in EV unit by year end

    GM kept the earnings momentum going with strong first quarter results, resulting in the automaker upping its full-year guidance. GM also still sees "positive variable profit" in its EV business in the back half of 2024 as well.

  • Associated Press

    Pepsi beats Q1 revenue forecasts as price increases moderate

    PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages. Sales were hurt by a recall early in the quarter of Quaker Oats cereal, bars and snacks because of potential contamination with salmonella. Quaker Foods sales dropped 24% during the quarter.

  • Reuters

    UPDATE 1-Spotify's monthly user numbers miss estimates on lower promotions

    Spotify on Tuesday reported quarterly monthly active users (MAU) below its own estimates, as the Swedish music streaming company chose to boost profit instead of spending more on marketing activities to draw in more listeners. First-quarter MAUs rose 19%, but missed Spotify's own guidance and a median of analysts' forecasts of 618 million. It also forecast current-quarter MAUs at 631 million, missing estimates of 636.3 million, according to IBES data from LSEG.