Streetbeat News

Earnings

BMA

Banco Macro reported its Q1 earnings per ADS of $5.02, up from $2.83 year-over-year. However, its net interest income decreased to Ps.167.5 billion from Ps.378.801 billion year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:01 am

TSLA

Tesla's strategy of price cuts has significantly reduced its earnings power, with a fund manager suggesting the company explore new marketing strategies. Tesla's shares have been underperforming, and the price cuts have not led to increased sales volumes.

Portfolio Pulse from Shanthi Rexaline

May 23, 2024 | 7:19 am

BJ

MDT

ROST

TGT

TJX

WSM

Investor sentiment declined further after the release of Fed minutes, causing the Dow to tumble 200 points. Despite this, the CNN Money Fear and Greed index remained in the 'Greed' zone. Key earnings reports included better-than-expected results from TJX Companies and Williams-Sonoma, while Target reported weaker-than-expected earnings. Most sectors on the S&P 500 closed negatively, with utilities, energy, and materials stocks suffering the most. Investors are now awaiting earnings results from Medtronic, Ross Stores, and BJ’s Wholesale Club.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 6:16 am

CALT

Calliditas Therapeutics (NASDAQ:CALT) reported a Q1 EPS of $(0.88), a significant decrease from $(0.33) YoY, but saw a 55.21% increase in sales to $28.43M.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 6:06 am

BJ

DD

MDT

NVDA

ROST

Key stocks to watch today include BJ's Wholesale Club, Nvidia, Medtronic, DuPont, and Ross Stores. Nvidia reported strong financial results and announced a stock split and dividend increase. DuPont plans to split into three companies and has a new CEO. BJ's, Medtronic, and Ross Stores are expected to release their earnings reports.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 6:02 am

BJ

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) is expected to report lower Q1 earnings of 83 cents per share, down from 85 cents per share a year ago, with projected revenue of $4.83 billion. Analysts have recently adjusted their ratings and price targets for the company.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 5:41 am

FLNG

Flex LNG has provided its Q2 financial expectations, forecasting a Time Charter Equivalent (TCE) rate of approximately $72,000 to $74,000 per day and revenue of around $85 million, slightly below the consensus of $85.5 million. The company also anticipates an adjusted EBITDA of $65 million.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:24 am

FLNG

Flex LNG (NYSE:FLNG) reported Q1 2024 earnings of $0.70 per share, beating the analyst estimate of $0.58. Sales were $90.200 million, slightly above the $90.000 million estimate. Earnings increased by 6.06% year-over-year, while sales decreased by 2.46%.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:15 am

LNVGF

LNVGY

Lenovo Group reported a significant increase in its Q4 earnings per share (EPS) to $1.95, up from $0.93 year-over-year (YoY). The company's revenue also saw a rise to $13.833 billion, up from $12.635 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:12 am

SQM

Sociedad Quimica Y Minera (NYSE:SQM) reported Q1 2024 earnings per share of $0.80, beating the analyst estimate of $0.73. However, the company's sales of $1.084 billion missed the estimate of $1.130 billion and showed a significant year-over-year decline of 52.12%.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:09 am