TPC - TUTOR PERINI CP （）

According to Benzinga Pro data, during Q1, Tutor Perini (NYSE: TPC ) posted sales of $776.30 million. Earnings were up 44.19%, but Tutor Perini still reported an overall loss of $48.93 million. In Q4, Tutor Perini brought in $906.65 million in sales but lost $87.67 million in earnings. What Is Return On Capital Employed? Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of … Full story available on Benzinga.com

Tutor Perini Corporation (NYSE:NYSE:TPC) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ETCompany ParticipantsJorge Casado - VP of IRRonald Tutor - Chairman and CEOGary Smalley - EVP…

Tutor Perini press release (TPC): Q1 GAAP EPS of -$0.95 misses by $0.95.Revenue of $776.3M (-18.5% Y/Y) misses by $141.23M.

Morgan Stanley (NYSE: MS ) layoffs are in the news as the financial services company prepares to cut more jobs this month . According to insiders at the company, Morgan Stanley is gearing up to reduce its workforce by 3,000 employees. When excluding financial advisors and support staff that are immune to the cuts, this comes to about 5% of the company’s headcount. Investors will keep in mind that this would be the second round of recent layoffs from Morgan Stanley. The company also cut around 2% of its workforce back in December. The cuts also come as inflation and interest rates continue to rise. One thing to note is that these alleged job cuts would come after the company’s lackluster Q1 earnings report. The company saw costs increases while revenue dropped during the quarter. Also, it’s not just MS stock that investors will want to watch as other banks have been suffering lately, CNBC notes. Morgan Stanley Layoffs Continue Trend While this is the second batch of layoffs for Morgan Stanley, it might not be the last.

Chegg (NYSE: CHGG ) stock is taking a beating on Tuesday as investors react to the American education technology company’s Q1 earnings report . The big news in that earnings report is Chegg’s revenue outlook of $175 million to $178 million for the second quarter of 2023. That doesn’t have investors excited and that makes sense when Wall Street’s revenue estimate is $193.64 million. Another bit of news from the earnings report that has investors worried has to do with ChatGPT. Here’s what president and CEO Dan Rosensweig said about the artificial intelligence ( AI ). “In the first part of the year, we saw no noticeable impact from ChatGPT on our new account growth and we were meeting expectations on new sign-ups. However, since March we saw a significant spike in student interest in ChatGPT. We now believe it’s having an impact on our new customer growth rate.” Chegg is looking to combat this with CheggMate. This is an AI chatbot powered by ChatGPT. The company hopes the AI will create a more “personalized, adaptive, accurate, fast, and effective,” learning environment for students.

According to Benzinga Pro data, during Q1, Tutor Perini (NYSE: TPC ) posted sales of $776.30 million. Earnings were up 44.19%, but Tutor Perini still reported an overall loss of $48.93 million. In Q4, Tutor Perini brought in $906.65 million in sales but lost $87.67 million in earnings. What Is Return On Capital Employed? Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of … Full story available on Benzinga.com

Tutor Perini Corporation (NYSE:NYSE:TPC) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ETCompany ParticipantsJorge Casado - VP of IRRonald Tutor - Chairman and CEOGary Smalley - EVP…

Tutor Perini press release (TPC): Q1 GAAP EPS of -$0.95 misses by $0.95.Revenue of $776.3M (-18.5% Y/Y) misses by $141.23M.

Morgan Stanley (NYSE: MS ) layoffs are in the news as the financial services company prepares to cut more jobs this month . According to insiders at the company, Morgan Stanley is gearing up to reduce its workforce by 3,000 employees. When excluding financial advisors and support staff that are immune to the cuts, this comes to about 5% of the company’s headcount. Investors will keep in mind that this would be the second round of recent layoffs from Morgan Stanley. The company also cut around 2% of its workforce back in December. The cuts also come as inflation and interest rates continue to rise. One thing to note is that these alleged job cuts would come after the company’s lackluster Q1 earnings report. The company saw costs increases while revenue dropped during the quarter. Also, it’s not just MS stock that investors will want to watch as other banks have been suffering lately, CNBC notes. Morgan Stanley Layoffs Continue Trend While this is the second batch of layoffs for Morgan Stanley, it might not be the last.

Chegg (NYSE: CHGG ) stock is taking a beating on Tuesday as investors react to the American education technology company’s Q1 earnings report . The big news in that earnings report is Chegg’s revenue outlook of $175 million to $178 million for the second quarter of 2023. That doesn’t have investors excited and that makes sense when Wall Street’s revenue estimate is $193.64 million. Another bit of news from the earnings report that has investors worried has to do with ChatGPT. Here’s what president and CEO Dan Rosensweig said about the artificial intelligence ( AI ). “In the first part of the year, we saw no noticeable impact from ChatGPT on our new account growth and we were meeting expectations on new sign-ups. However, since March we saw a significant spike in student interest in ChatGPT. We now believe it’s having an impact on our new customer growth rate.” Chegg is looking to combat this with CheggMate. This is an AI chatbot powered by ChatGPT. The company hopes the AI will create a more “personalized, adaptive, accurate, fast, and effective,” learning environment for students.

According to Benzinga Pro data, during Q1, Tutor Perini (NYSE: TPC ) posted sales of $776.30 million. Earnings were up 44.19%, but Tutor Perini still reported an overall loss of $48.93 million. In Q4, Tutor Perini brought in $906.65 million in sales but lost $87.67 million in earnings. What Is Return On Capital Employed? Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of … Full story available on Benzinga.com

Tutor Perini Corporation (NYSE:NYSE:TPC) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ETCompany ParticipantsJorge Casado - VP of IRRonald Tutor - Chairman and CEOGary Smalley - EVP…

Tutor Perini press release (TPC): Q1 GAAP EPS of -$0.95 misses by $0.95.Revenue of $776.3M (-18.5% Y/Y) misses by $141.23M.

Morgan Stanley (NYSE: MS ) layoffs are in the news as the financial services company prepares to cut more jobs this month . According to insiders at the company, Morgan Stanley is gearing up to reduce its workforce by 3,000 employees. When excluding financial advisors and support staff that are immune to the cuts, this comes to about 5% of the company’s headcount. Investors will keep in mind that this would be the second round of recent layoffs from Morgan Stanley. The company also cut around 2% of its workforce back in December. The cuts also come as inflation and interest rates continue to rise. One thing to note is that these alleged job cuts would come after the company’s lackluster Q1 earnings report. The company saw costs increases while revenue dropped during the quarter. Also, it’s not just MS stock that investors will want to watch as other banks have been suffering lately, CNBC notes. Morgan Stanley Layoffs Continue Trend While this is the second batch of layoffs for Morgan Stanley, it might not be the last.

Chegg (NYSE: CHGG ) stock is taking a beating on Tuesday as investors react to the American education technology company’s Q1 earnings report . The big news in that earnings report is Chegg’s revenue outlook of $175 million to $178 million for the second quarter of 2023. That doesn’t have investors excited and that makes sense when Wall Street’s revenue estimate is $193.64 million. Another bit of news from the earnings report that has investors worried has to do with ChatGPT. Here’s what president and CEO Dan Rosensweig said about the artificial intelligence ( AI ). “In the first part of the year, we saw no noticeable impact from ChatGPT on our new account growth and we were meeting expectations on new sign-ups. However, since March we saw a significant spike in student interest in ChatGPT. We now believe it’s having an impact on our new customer growth rate.” Chegg is looking to combat this with CheggMate. This is an AI chatbot powered by ChatGPT. The company hopes the AI will create a more “personalized, adaptive, accurate, fast, and effective,” learning environment for students.