Streetbeat News

Earnings

AROC

Archrock's CEO, Brad Childers, announced an optimistic outlook for 2024, expecting to maintain high levels of utilization, pricing, and profitability. The company plans to raise the midpoint of its Adjusted EBITDA guidance for the full year, driven by strong oil prices, sustainable compression demand, and prudent capital discipline. Archrock's strong quarterly performance and strategic investments are supported by a favorable macro environment and the potential of natural gas in energy markets.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:36 pm

VOYA

Voya Financial (NYSE:VOYA) reported Q1 2024 earnings of $1.88 per share, surpassing the $1.61 estimate, marking a 16.77% beat and an 11.24% increase from the previous year. Sales reached $2.051B, exceeding the $1.798B estimate by 14.06% and showing an 11.77% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:36 pm

CVRX

CVRx shares are trading lower following the announcement of Q1 financial results that did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:36 pm

AROC

Archrock (NYSE:AROC) reported Q1 earnings of $0.26 per share, surpassing the $0.22 estimate, marking a 160% increase from last year. Sales reached $268.49M, exceeding the $260.51M estimate, up 16.82% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:35 pm

AMD

SOXX

AMD reported Q1 results slightly above expectations with record data center revenue but provided Q2 revenue guidance below consensus estimates, causing its stock to retreat in after-hours trading. The company highlighted strong growth in its Data Center and Client segments, driven by AI accelerator shipments and processor adoption. Despite a year-over-year decline in PC shipments, AMD's server compute business is expected to remain strong. AMD's stock fell 3.71% in after-hours trading but analysts remain optimistic about its future performance.

Portfolio Pulse from Shanthi Rexaline

April 30, 2024 | 8:35 pm

EXEL

Exelixis shares are trading lower due to worse-than-expected Q1 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:34 pm

RNR

RenaissanceRe reported a Q1 net investment income of $390.8 million, marking a significant increase of 53.6%.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:34 pm

SWKS

Skyworks Solutions, Inc. anticipates a sequential decline in its mobile business for the third quarter. This outlook may impact investor sentiment and the company's stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:33 pm

WTTR

Select Energy Services (NYSE:WTTR) reported Q1 2024 earnings of $0.04 per share, missing the $0.07 estimate, and sales of $366.548M, below the $369.510M estimate. This represents a 66.67% decrease in earnings and a 12.01% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:33 pm

LYRA

Lyra Therapeutics reported Q1 EPS of $(0.35), missing estimates by 34.62% but improved from last year's $(0.44). Sales of $532K exceeded estimates by 26.67% and grew 29.76% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:33 pm