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The headquarters of National Public Radio in Washington, D.C.

Saul Loeb | AFP | Getty Images

NPR said Wednesday it will stop sharing content on Twitter after the social media company labeled NPR “state-affiliated media,” a term also used for Russia- and China-based propaganda outlets.

The news outlet’s organizational accounts will no longer post new content on its 52 official Twitter feeds, becoming the first major U.S. news organization to do so since Elon Musk took over Twitter late last year.

NPR was surprised by Twitter’s decision to label the company “state-affiliated media,” according to a report by the outlet. When pressed by an NPR reporter in an email exchange, Musk conceded that the label might not have been accurate. Twitter then changed the label on NPR’s account to “government-funded media.”

The news organization said this label is still “inaccurate and misleading” since NPR is an editorially independent nonprofit company, according to the report. NPR “receives less than 1 percent of its $300 million annual budget from the federally funded Corporation for Public Broadcasting,” the outlet wrote.

NPR did not immediately respond to requests for comment. Twitter responded to a request for comment with a poop emoji.

NPR CEO John Lansing told his employees that NPR “will not immediately return to the platform” even if Twitter drops the designation.

“I would never have our content go anywhere that would risk our credibility,” Lansing said. “At this point, I have lost my faith in the decision-making at Twitter.”

Twitter also briefly added a “government-funded media” tag to the British news outlet BBC, but BBC said in a report Wednesday that Musk agreed to change the label to “publicly funded.” As of Wednesday morning, no label is visible on any BBC Twitter accounts.

The new label designations are the latest policy changes Musk has implemented since his tumultuous $44 billion acquisition of the social media platform. During a Twitter Spaces interview Tuesday, Musk said that the Twitter takeover process has been marked by an “extremely high” level of pain.

A vocal critic of the media, Musk called The New York Times’ coverage “propaganda” on April 2 and compared the company’s Twitter feed to “diarrhea” in a tweet.

He stripped the news organization’s verification checkmark shortly thereafter, citing the company’s refusal to pay for the platform’s revamped Twitter Blue subscription service.

Twitter relaunched its updated Twitter Blue subscription service in December after Musk pulled and delayed the launch in November. Subscribers who pay for the service will receive a blue verification badge on their accounts, and Musk said in a tweet Tuesday that legacy verified accounts — including news organizations and journalists — will lose their checkmarks on April 20.

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IBM shares drop despite earnings beat

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IBM shares drop despite earnings beat

IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.

Stefan Wermuth | Bloomberg | Getty Images

IBM shares fell as much as 5% in extended trading on Wednesday after the tech conglomerate issued second-quarter results that topped Wall Street projections.

Here’s how the company did in comparison with LSEG consensus:

  • Earnings per share: $2.80 adjusted vs. $2.64 expected
  • Revenue: $16.98 billion vs. $16.59 billion

IBM’s revenue increased nearly 8% year over year in the quarter, according to a statement. Growth in the first quarter was below 1%. Net income, which includes costs related to acquisitions, rose to $2.19 billion, or $2.31 per share, from $1.83 billion, or $1.96 per share, a year ago.

Software revenue climbed about 10% to $7.39 billion, exceeding the $7.43 billion consensus among analysts surveyed by StreetAccount. Hybrid cloud revenue, including Red Hat, showed 16% growth. The software unit’s gross margin of 83.9% was barely narrower than StreetAccount’s 84.0% consensus.

Revenue from consulting rose almost 3% to $5.31 billion, higher than StreetAccount’s $5.16 billion consensus. Infrastructure revenue went up 14% to $4.14 billion, above the $3.75 billion StreetAccount average estimate.

During the quarter, IBM announced the next-generation z17 mainframe computer and the acquisition of data and artificial intelligence consulting firm Hakkoda.

IBM called for over $13.5 billion in 2025 free cash flow, similar to a projection from April. The company still sees at least 5% revenue growth at constant currency for the year.

As of Wednesday’s close, IBM shares were up 28% so far in 2025, while the S&P 500 index has gained around 8% in the same period.

Executives will discuss the results with analysts on a conference call starting at 5 p.m. ET.

This is breaking news. Please check back for updates.

WATCH: Cramer’s Stop Trading: IBM

Cramer's Stop Trading: IBM

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ServiceNow lifts guidance on AI growth

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ServiceNow lifts guidance on AI growth

Bill McDermott, Chairman, President & CEO ServiceNow, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.

Adam Galici | CNBC

ServiceNow posted strong second-quarter results and lifted its guidance Wednesday. Shares climbed 7% following the report.

Here’s how the company performed compared to LSEG estimates:

  • Earnings per share: $4.09 adjusted vs. $3.57 expected
  • Revenue: $3.22 billion vs. 3.12 billion expected

Subscription revenues, which account for the majority of the enterprise technology company’s revenues, hit $3.11 billion and topped a $3.03 billion forecast from StreetAccount.

The company boosted its full-year subscription revenue guidance to between $12.775 billion and $12.795 billion as it benefits from artificial intelligence adoption.

“Every business process in every industry is being refactored for agentic AI,” said ServiceNow chairman and CEO Bill McDermott in a release.

Net income grew 47% to $385 million, or $1.84 per share, from $262 million, or $1.26 per share a year ago. Revenues grew nearly 23% to about $3.22 billion.

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ServiceNow said it anticipates a 2 percentage point hit to current remaining obligations in the third quarter due to seasonality and more customers renewing contracts in the final quarter of the year. The company also said budget changes at U.S. government agencies could impact results.

“While federal business is a bit uncertain today versus a year ago, we’re navigating it well, and we feel confident that our guidance reflects any potential changes that we’re seeing,” finance chief Gina Mastantuono told CNBC.

In its 2024 annual earnings report, ServiceNow said one U.S. federal government customer accounted for 11% of revenues.

During the first quarter, its public sector business grew 30%, McDermott said during the last reporting period.

Subscription revenues are expected to range between $3.26 billion and $3.27 billion, ahead of a $3.21 billion estimate from StreetAccount. Current remaining performance obligations rose nearly 25% to $10.92 billion in the quarter.

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Texas Instruments stock falls 12% as CEO warns of tariff concerns

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Texas Instruments stock falls 12% as CEO warns of tariff concerns

The Texas Instruments headquarters in Dallas, Texas, US, on Sunday, Jan. 21, 2024.

N. Johnson | Bloomberg | Getty Images

Texas Instruments shares plunged 12% after the automotive and industrial semiconductor supplier warned of ongoing tariff aftershocks.

The company said it expects third-quarter earnings between $1.36 and $1.60 per share, a midpoint of $1.48 per share. That fell short of an LSEG estimate of $1.50.

Texas Instruments anticipates revenues between $4.45 billion and $4.48 billion. The midpoint of $4.63 billion was slightly ahead of the $4.59 billion expected by analysts.

In an earnings call with analysts, CEO Haviv Ilan said the company is experiencing a “shallow” recovery in the automotive sector and said customers may have lingering worries over tariffs and geopolitical uncertainty.

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Despite the post-earnings slump, Texas Instruments posted a 16% year-over-year jump in revenue. The company reported earnings of $1.41 per share on $4.45 billion in revenue, surpassing the earnings of $1.35 per share on $4.36 billion in revenue expected by LSEG analysts.

Ilan said that some of the second-quarter strength may have come from a pull forward in demand to acquire inventory ahead of tariffs.

Net income for the company rose 15% to $1.3 billion, or $1.41 per share, from $1.13 billion, or $1.22 per share, a year ago.

WATCH: Texas Instruments shares fall more than 7% despite quarterly beat

Texas Instruments shares fall more than 7% despite quarterly beat

CNBC’s Kif Leswing contributed to this story.

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