Streetbeat News

Earnings

BAH

Booz Allen Hamilton projects FY25 revenue growth between 8.0% and 11.0% year-over-year, compared to an estimated $11.48 billion. The company also expects adjusted EPS to range from $5.80 to $6.05, versus an estimated $5.92.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 10:51 am

BAH

Booz Allen Hamilton (NYSE:BAH) reported Q4 2024 adjusted EPS of $1.33, beating the estimate of $1.23. Sales were $2.771 billion, surpassing the $2.718 billion estimate and marking a 13.91% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 10:46 am

MCHI

JPMorgan is optimistic about China's stock market and real estate sector despite recent challenges. Wendy Liu, Chief Asia and China Equity Strategist at JPMorgan, expects earnings to improve in 2024 and sees the CSI300 index reaching 3,900 by year-end. The iShares MSCI China ETF (NASDAQ:MCHI) has risen significantly, reflecting this positive outlook.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 10:00 am

CGNT

GMAB

INTU

LAAC

NTES

RYAAY

SMMT

WDAY

Several major stocks, including Intuit, Workday, and others, are experiencing declines in Friday's pre-market trading. Intuit's shares fell despite better-than-expected Q3 earnings due to weak guidance for the current quarter. Workday also saw a significant drop after lowering its forward guidance despite strong Q1 earnings.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 9:45 am

NVDA

Nvidia Corp. (NASDAQ:NVDA) saw a significant stock price increase of 9.32% on Thursday, reaching a market cap of $2.55 trillion. This surge was driven by strong quarterly performance, positive forward guidance, and bullish analyst sentiment. The company's market cap now surpasses the entire German stock market, highlighting Nvidia's dominance in the AI chip market. Elon Musk and other notable figures reacted to this milestone with amazement.

Portfolio Pulse from Shanthi Rexaline

May 24, 2024 | 9:40 am

STG

Sunlands Technology expects Q2 net revenues to be between RMB480M and RMB500M, representing a year-over-year decrease of 5.0%-8.8%. This outlook is based on current market conditions and preliminary estimates, which are subject to substantial uncertainty.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 9:10 am

STG

Sunlands Technology (NYSE:STG) reported Q1 sales of $72.47 million, a 12.21% decrease from $82.54 million YoY. Quarterly gross billings were $55.2 million.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 9:03 am

LX

LexinFintech Holdings (NASDAQ:LX) reported Q1 earnings per share (EPS) of $0.19, a 34.48% decrease from $0.29 YoY. Sales increased by 3.38% to $449.00 million from $434.34 million YoY.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 6:40 am

BAH

Booz Allen Hamilton (NYSE: BAH) is expected to report higher Q4 earnings, with analysts forecasting $1.23 per share and $2.72 billion in revenue. Recent analyst ratings have been positive, with several raising their price targets.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 6:15 am

AMD

ARM

ASML

GOOGL

META

MU

NVDA

QQQ

SOXX

SPY

TSM

Nvidia's remarkable turnaround is set to benefit other industry players like Google, Meta, TSM, and ASML, according to Gene Munster. Nvidia's business surged by 216%, and Munster forecasts significant market dynamics shifts driven by AI advancements. Nvidia's stock is up 115.49% year-to-date, outperforming major ETFs.

Portfolio Pulse from Kaustubh Bagalkote

May 24, 2024 | 5:13 am