Streetbeat News

Earnings

OI

O-I Glass has revised its FY24 adjusted EPS forecast downwards from the previous range of $2.25-$2.65 to a new range of $1.50-$2.00.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:25 pm

AMCR

Amcor reported its Q3 adjusted earnings at $0.178 per share, surpassing the estimated $0.16, while its sales of $3.41 billion fell short of the expected $3.50 billion.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:23 pm

SBUX

Starbucks Corp reported a decrease in fiscal Q2 revenue to $8.6 billion, missing estimates of $9.129 billion, and earnings of 68 cents per share, below the expected 79 cents. Global comparable store sales fell 4%, with notable declines in North America and China. Despite challenges, active U.S. rewards memberships grew by 6%, and 364 new stores were opened. The company declared a dividend of 57 cents per share. Starbucks shares dropped 9.92% after hours.

Portfolio Pulse from Adam Eckert

April 30, 2024 | 8:23 pm

ESS

Essex Property Trust, Inc. (ESS) has revised its full-year 2024 guidance, projecting a Core FFO per diluted share of $15.03 to $15.43, which is below the $15.52 estimate. The company expects net income per diluted share to increase by $2.92 to a midpoint of $8.24, and forecasts growth in same-property revenues and NOI.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:23 pm

KAI

Kadant Inc. (KAI) reported Q1 2024 adjusted EPS of $2.38, surpassing the $1.88 estimate, with sales of $249M also beating the $246.115M forecast. This represents an 8.37% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:23 pm

OI

O-I Glass reported Q1 2024 earnings of $0.45 per share, surpassing the $0.38 estimate, but its sales of $1.600B fell short of the $1.698B estimate, marking a 12.62% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:22 pm

UDR

UDR, Inc. (NYSE:UDR) reported its Q1 2024 FFO As Adjusted per share at $0.61, meeting analyst consensus estimates. The company's rental income for the quarter was $411.669 million, surpassing the expected $409.645 million by 0.49% and marking a 3.35% increase from the previous year's $398.307 million.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:21 pm

AX

Axos Financial (NYSE:AX) reported Q3 2024 adjusted EPS of $1.94, surpassing the $1.70 estimate, marking a 43.7% increase from the previous year. Sales reached $294.769M, exceeding the $284.944M estimate, a 27.48% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:20 pm

OKE

ONEOK has updated its FY24 net income forecast, raising the range from $2.61 billion-$3.01 billion to $2.73 billion-$3.03 billion.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:20 pm

PRU

Prudential Financial (NYSE:PRU) reported Q1 adjusted earnings of $3.12 per share, slightly missing the consensus estimate of $3.13 by 0.32%. This represents a 17.29% increase over the same period last year's earnings of $2.66 per share.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:20 pm