Streetbeat News

Earnings

FUBO

FuboTV reported Q1 2024 adjusted EPS of $(0.11), surpassing the $(0.21) estimate, with sales of $402.347M exceeding the $381.298M forecast. This represents a 24.04% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:32 am

PAA

Plains All American (PAA) reported Q1 2024 adjusted EPS of $0.41, surpassing the $0.39 estimate, but its sales of $11.995B fell short of the $12.977B estimate, marking a 2.80% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:31 am

CBOE

Cboe Global Markets reported Q1 2024 adjusted EPS of $2.15, surpassing the $2.04 estimate, but its sales of $502.1M fell short of the $504.796M forecast. This represents a 6.51% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:31 am

OPEN

Opendoor Technologies' stock is trading higher following the announcement of their Q1 financial results, which exceeded expectations, and the company's optimistic revenue guidance for Q2.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:26 am

AAPL

Apple Inc. CEO Tim Cook announced a $100 billion investment in R&D over the past five years, focusing on AI, ahead of the Worldwide Developers Conference. Despite a lower capital expenditure compared to rivals, Apple is optimistic about its AI strategy. The company's approach includes using its own data centers and third-party capacity. Apple's stock has seen a 10% drop this year but announced a record share buyback program and a smaller-than-expected revenue drop. Challenges in China and competition from Huawei have impacted iPhone sales.

Portfolio Pulse from Benzinga Neuro

May 03, 2024 | 11:22 am

GB

Global Blue Group Holding AG (NYSE:GB) has shown strong recovery with EBITDA and cash flow growth, reducing net leverage from 4.5x to 3.6x from September to December 2023. The company is on track to meet its leverage target of less than 2.5x. Consequently, it has launched a repricing of its €610 million term loan and €97.5 million revolving credit facility.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:21 am

HOWL

Werewolf Therapeutics (NASDAQ:HOWL) reported Q1 EPS of $(0.39), missing estimates by 11.43% and marking a 14.71% decrease from last year. Sales were $742.00, significantly below the $1.82M estimate, representing a 99.98% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:19 am

AAPL

Jim Cramer criticized analysts on X for consistently misunderstanding Apple's (NASDAQ:AAPL) performance in China, highlighting their failure to accurately predict the market dynamics that led to Apple's recent underwhelming quarterly results. Apple's revenue fell to $90.75 billion for the quarter ending March 30, primarily due to a 10.5% drop in iPhone sales, with a significant 19.1% drop in China. Despite this, Apple CEO Tim Cook noted growth in iPhone sales in Mainland China.

Portfolio Pulse from Benzinga Neuro

May 03, 2024 | 11:16 am

PWP

Perella Weinberg (NASDAQ:PWP) reported Q1 2024 adjusted EPS of $(0.10), missing the $0.07 estimate, and sales of $102.127M, missing the $133.689M estimate. This represents a significant decrease in performance compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:16 am

FYBR

In Q1, Frontier Communications (FYBR) reported significant growth with 322,000 new fiber passings, reaching a total of 6.8 million locations. The company added 88,000 fiber broadband customers, marking an 18% year-over-year increase. Revenue rose to $1.46 billion, a 1.5% increase from the previous year, driven by fiber product growth but tempered by declines in copper-based products. Operating income was $90 million, with a net income of $1 million. Adjusted EBITDA grew by 5.4% to $547 million, attributed to revenue growth and cost savings. The company's total cash capital investment was $1.0 billion, with net cash from operations at $335 million.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:16 am