Streetbeat News

Earnings

CMCO

Columbus McKinnon (CMCO) projects fiscal year 2025 sales growth in the low-single digits year-over-year and adjusted EPS growth in the mid to high-single digits year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:43 am

CMCO

Columbus McKinnon (CMCO) anticipates low single-digit year-over-year sales growth and flat to slightly down adjusted EPS growth for Q1.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:41 am

AAPL

AMZN

ARM

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Hedge funds' exposure to major U.S. tech companies has reached a record high, driven by Nvidia's strong earnings. The 'Magnificent Seven' tech giants now represent 20.7% of hedge funds' net exposure to U.S. stocks. Analysts highlight Nvidia and Arm Holdings for long-term growth, but advise diversification due to potential challenges and geopolitical factors.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 10:41 am

AAP

Advance Auto Parts has reaffirmed its 2024 EPS expectation of $3.75-$4.25, compared to the consensus of $3.82. The company also sees net sales of $11.3B-$11.5B, slightly above the consensus of $11.349B.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:36 am

AAP

Advance Auto Parts shares are trading higher following a Q1 EPS beat.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:34 am

CMCO

Columbus McKinnon (NASDAQ:CMCO) reported Q4 2024 adjusted EPS of $0.75, missing the analyst estimate of $0.84. Sales were $265.504 million, also missing the estimate of $267.353 million. Despite the misses, sales increased by 4.59% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:33 am

AAP

Advance Auto Parts (NYSE:AAP) reported Q1 2024 earnings per share (EPS) of $0.67, beating the analyst estimate of $0.64. However, sales of $3.406 billion missed the estimate of $3.425 billion. Both EPS and sales showed a decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:32 am

AAL

DAL

UAL

American Airlines (AAL) shares are trading lower after the company lowered its earnings and operating margin forecasts. This has also impacted shares of United Airlines (UAL) and Delta Air Lines (DAL). United Airlines reiterated its outlook, while American Airlines is undergoing a strategic shift and leadership changes.

Portfolio Pulse from Nabaparna Bhattacharya

May 29, 2024 | 10:27 am

BMO

Bank of Montreal (NYSE:BMO) reported Q2 2024 earnings of C$2.59 per share, missing the analyst estimate of C$2.77. Sales were C$7.988 billion, also below the C$8.046 billion estimate. Earnings decreased by 10.38% year-over-year, while sales increased by 2.82%.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:05 am

ALLT

Allot shares are trading lower after the company reported Q1 results, reiterated FY24 guidance, and named a new CFO.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 9:59 am