Streetbeat News

Earnings

GSK

GSK has updated its 2024 core EPS growth expectations, now anticipating an increase of 8% to 10%, compared to the previously forecasted range of 6% to 9%.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:34 am

GSK

GSK has updated its 2024 core operating profit forecast, now expecting an increase of 9% to 11%, up from the previously guided range of 7% to 10%.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:33 am

GSK

GSK has updated its sales forecast for 2024, now expecting an increase towards the upper part of the previously stated range of 5% to 7%. This is an improvement over the prior guidance, which anticipated a sales increase within the same range but did not specify a target within that range.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:32 am

HLN

Haleon reported its Q1 2024 GAAP EPS at £9.20, surpassing the £8.85 estimate. However, its sales of £2.919B fell short of the £2.963B estimate.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:25 am

LI

Li Auto Inc (NASDAQ:LI) reported a slight year-over-year increase in vehicle deliveries for April 2024, with 25,787 vehicles, marking an 11% decrease from March. The company's first-quarter deliveries saw a significant rise of 52.9% Y/Y to 80,400. Cumulative deliveries reached 739,551. The introduction of the Li L6 model, priced under RMB300,000, is expected to boost sales, with large-scale deliveries starting in May. Li Auto also announced a 5% price cut on several models and plans to offer cash refunds to early 2024 buyers of these models. Additionally, complimentary charging services will be provided during the May Day holiday. The company has expanded its retail and service network, with 386 super charging stations now operational. Despite these developments, LI shares dropped 1.26% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 9:20 am

XPEV

XPENG reported a 33% year-over-year increase in vehicle deliveries for April 2024, totaling 9,393 vehicles.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:03 am

AMZN

Tesla CEO Elon Musk expressed astonishment at Amazon Web Services' (AWS) revenue growth, highlighting that its trailing 12-month revenue of $94.4 billion exceeds that of 466 S&P 500 companies. Amazon CEO Andy Jassy announced AWS has surpassed a $100 billion revenue run rate in Q1 2024, with AWS revenue increasing 17% year-on-year to $25 billion. Amazon's shares rose 2% in premarket trading following the announcement.

Portfolio Pulse from Rounak Jain

May 01, 2024 | 9:02 am

GSK

GSK reported Q1 adjusted earnings of $1.09 per share, surpassing the $0.91 estimate, a 21.44% increase from last year. Sales reached $9.33B, beating the $8.92B estimate, marking a 10.55% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:52 am

AMZN

LEG

MA

PFE

YUM

U.S. stock futures traded lower with focus on earnings reports from Pfizer, Leggett & Platt, Yum! Brands, Amazon, and Mastercard. Pfizer is expected to report earnings of 54 cents per share, while Leggett & Platt posted weaker-than-expected Q1 results. Yum! Brands is anticipated to report earnings of $1.20 per share. Amazon reported strong Q1 results but forecasted weak Q2 sales. Mastercard is expected to report earnings of $3.24 per share.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 7:42 am

VSME

VS Media reported a fiscal 2023 EPS of $(0.33), a decrease from $(0.09) year-over-year. Revenue also fell to $7.99M from $9.03M in the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 6:24 am