Streetbeat News

Earnings

ADCT

ADC Therapeutics SA announced initial data from a Phase 2 trial of ZYNLONTA showing a high response rate in patients with relapsed/refractory marginal zone lymphoma.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:04 am

NWN

Northwest Natural has reaffirmed its long-term EPS growth rate target of 4% to 6% compounded annually from 2022 through 2027, indicating confidence in its financial strategy and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:04 am

IART

Integra LifeSciences (IART) updates its Q2 revenue forecast to $411M-$416M, surpassing the $395.8M estimate, with adjusted EPS of $0.60-$0.65, below the $0.75 estimate. For 2024, revenue is expected to be $1.672B-$1.687B with adjusted EPS of $3.01-$3.11, reflecting the Acclarent acquisition and organic growth.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:03 am

NWN

Northwest Natural has reaffirmed its earnings per share (EPS) guidance for the fiscal year 2024, projecting it to be in the range of $2.20 to $2.40, which is below the estimated $2.76.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:03 am

CNA

CNA Financial reported its Q1 2024 adjusted earnings per share (EPS) of $1.30, missing the analyst consensus estimate of $1.40 by 7.14%. This represents a 9.24% increase over the same period last year's earnings of $1.19 per share.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:03 am

NWN

Northwest Natural Holding (NWN) reported Q1 2024 earnings of $1.69 per share, missing the consensus estimate of $2.02 by 16.34%. Quarterly sales were $433.470 million, below the estimate of $466.749 million by 7.13%, marking a 6.26% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:02 am

IART

Integra Lifesciences reported its Q1 2024 adjusted earnings per share (EPS) at $0.55, which was in line with expectations. However, its sales of $368.872 million exceeded the estimated $361.962 million.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:01 am

SAVE

Spirit Airlines reported Q1 2024 adjusted EPS of $(1.46), missing estimates by 0.69%, and sales of $1.265B, missing estimates by 0.35%. This represents a 78.05% decrease in EPS and a 6.23% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 9:56 am

DIS

HOOD

PLTR

QQQ

RDDT

SPY

Earnings reports and a dovish Federal Reserve stance lifted stocks last week, with Apple and Amazon leading the charge. FactSet reports 80% of S&P 500 companies have exceeded earnings expectations. This week, attention turns to Disney, Palantir, Robinhood, and Reddit's debut report. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust saw gains, reflecting positive market sentiment.

Portfolio Pulse from Shanthi Rexaline

May 06, 2024 | 9:25 am

AMKBY

A. P. Moller Maersk (OTC:AMKBY), the world's largest container shipping company, announced that disruptions in the Red Sea, caused by attacks from Iran-aligned Houthi militants, are expected to reduce the shipping industry's capacity between the Far East and Europe by 15%-20% in Q2. These disruptions have forced vessels to reroute, leading to longer journey times and increased freight rates. Maersk has leased over 125,000 additional containers to enhance reliability and address the capacity shortage, with disruptions likely to persist until the end of the year.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 9:18 am