Streetbeat News

Earnings

ZTS

On CNBC, Zoetis CEO Kristin Peck discussed the company's earnings and demand for its products. She highlighted key financial results and market demand trends.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:26 pm

SHAK

Shake Shack Inc (NYSE:SHAK) reported Q1 FY24 sales growth of 14.7% to $290.5 million, slightly missing analyst estimates. System-wide sales and Same-Shack sales increased, with operating income at $0.0 million, improving from a loss. Cash and equivalents stood at $260.2 million, with operating cash flow at $30.6 million. Adjusted EBITDA rose 30.2%, and the company opened eight new Shacks. Adjusted EPS was $0.133, beating estimates. SHAK shares rose 4.6% to $108.16.

Portfolio Pulse from Shivani Kumaresan

May 02, 2024 | 3:25 pm

WEN

Wendy's reported Q1 adjusted earnings of $0.23 per share, surpassing the $0.21 estimate, but its sales of $534.75M fell short of the expected $540.97M. This represents a 9.52% increase in earnings and a 1.12% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:22 pm

WEN

Wendy's Company (NASDAQ:WEN) shares rose by 3% after reporting Q1 results, with adjusted earnings per share of 23 cents, surpassing the expected 21 cents. However, quarterly sales of $534.753 million fell short of the anticipated $540.972 million. The growth was attributed to increased advertising funds revenue and franchise royalty revenue, driven by new restaurant development and higher same-restaurant sales. U.S. breakfast sales saw high-single digit growth year-over-year, and digital sales comprised nearly 17% of global sales. The company also announced a quarterly cash dividend of 25 cents per share and maintains its global systemwide sales growth forecast of 5% to 6% for the fiscal year.

Portfolio Pulse from Nabaparna Bhattacharya

May 02, 2024 | 3:22 pm

QCOM

Qualcomm Inc (NASDAQ:QCOM) reported Q2 financial results, surpassing analyst estimates for revenue and earnings per share. Analysts from Cantor Fitzgerald, KeyBanc, Oppenheimer, JPMorgan, and Rosenblatt provided insights, highlighting Qualcomm's outperformance in China, leverage to premium smartphones, record automotive segment revenue, and potential in AI smartphones and PCs. Qualcomm's shares rose 9% to $179.35, reaching new 52-week highs.

Portfolio Pulse from Chris Katje

May 02, 2024 | 3:21 pm

CELH

Celsius Holdings (NASDAQ:CELH) has seen a notable surge in options activity, with Benzinga's tracking revealing 10 significant trades. The sentiment is mixed, with 50% bullish and 40% bearish, focusing on a price target between $60.0 and $90.0. The largest trades include both calls and puts, with a notable put at a strike price of $74.00 and calls up to $85.00. Celsius Holdings, known for its energy drinks, has a 20-year distribution agreement with PepsiCo. The stock is currently trading at $73.53, with an upcoming earnings report in 5 days.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 3:19 pm

PCOR

Procore Technologies' shares surged following the announcement of their Q1 financial results, which exceeded expectations. The company also provided optimistic guidance for Q2.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:18 pm

MOS

Mosaic shares are trading lower following the announcement of Q1 financial results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:16 pm

EXLS

ExlService Holdings' shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company provided guidance for FY24, further boosting investor confidence.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:15 pm

APTV

HYMLY

Aptiv PLC (NYSE:APTV) reported Q1 earnings with an EPS of $1.16, surpassing expectations but with revenues slightly missing forecasts at $4.901 billion. The company saw growth in Asia and North America, offset by declines in Europe and South America. Aptiv announced a restructuring deal with Hyundai Motor (OTC:HYMLY) to reduce its equity interest in Motional from 50% to approximately 15%. Additionally, Aptiv raised its FY24 EPS outlook but lowered its revenue forecast. Shares surged 11.6% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

May 02, 2024 | 3:13 pm