Streetbeat News

Earnings

AMGN

Amgen's stock price increased following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company disclosed a $50 million milestone payment received from Royalty Pharma.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:46 pm

ASND

Ascendis Pharma reported Q1 sales of €95.894M, surpassing the estimated €79.492M. This indicates a strong performance against market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:46 pm

AAPL

QQQ

SPY

Apple, Inc. (AAPL) reported Q2 results surpassing expectations with a $90.75B revenue and announced a $110B buyback program. Despite a year-over-year revenue decline, Services and Mac sales exceeded forecasts. Apple's EPS fell from the previous year but set a new March quarter record. The company declared a quarterly dividend and expressed confidence in future growth, hinting at upcoming product announcements. AAPL shares rose 3.5% post-earnings, contrasting with its year-to-date performance.

Portfolio Pulse from Shanthi Rexaline

May 02, 2024 | 8:45 pm

UEIC

Universal Electronics (NASDAQ:UEIC) reported Q1 2024 adjusted EPS of $(0.19), surpassing the $(0.24) estimate, with sales of $91.900M exceeding the $90.737M forecast. This represents a 20.83% beat on EPS estimates and a 1.28% beat on sales estimates, despite a 15.22% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:45 pm

ED

Consolidated Edison reported Q1 earnings per share (EPS) of $2.08 and sales of $4.280 billion, missing the sales estimate of $4.399 billion.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:45 pm

AM

SMLP

Antero Midstream Corporation (AM) has completed a $70M acquisition of gathering and compression assets in the Marcellus Shale from Summit Midstream Partners LP (SMLP), expected to be over 5% accretive to Free Cash Flow after dividends through 2027. This acquisition increases AM's 2024 Adjusted EBITDA and Free Cash Flow guidance by $15M and $10M, respectively. Additionally, AM announced the redemption of all its outstanding 7.875% Senior Notes due 2026 for redemption on May 16, 2024, to be funded with cash on hand and borrowings under its revolving credit facility.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:44 pm

BFAM

Bright Horizons forecasts its FY24 adjusted EPS to be between $3.00 and $3.20, compared to the estimated $3.08. The company also projects its revenue to range from $2.6 billion to $2.7 billion, against an estimated $2.664 billion.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:44 pm

UDMY

Udemy reported Q1 2024 earnings of $0.03 per share, surpassing the $(0.01) estimate, with sales of $196.846M beating the $194.919M estimate. This represents a 150% increase in EPS and an 11.57% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:43 pm

GDYN

Grid Dynamics Holdings (NASDAQ:GDYN) reported Q1 2024 earnings of $0.07 per share, meeting consensus estimates but marking a 12.5% decrease from the previous year. Sales reached $79.817M, exceeding estimates by 2.50% but slightly down by 0.33% from last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:43 pm

OLED

Universal Display (NASDAQ:OLED) reported Q1 2024 earnings of $1.19 per share, surpassing the $1.02 estimate, a 43.37% increase from last year. Sales reached $165.259M, beating the $150.748M estimate, marking a 26.67% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:43 pm