Streetbeat News

Earnings

CCJ

Cameco (NYSE:CCJ) reported Q1 2024 earnings of C$0.13 per share, missing the C$0.28 estimate by 53.57%, and a 51.85% decrease from last year's earnings. Sales were C$634M, missing the C$828.503M estimate by 23.48%, and a 7.71% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:00 am

KO

Coca-Cola shares are trading higher following the release of their better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:58 am

KO

Coca-Cola projects an 8-9% increase in FY24 organic revenue growth and anticipates generating approximately $9.2 billion in free cash flow, derived from $11.4 billion in cash flow from operations, after accounting for $2.2 billion in capital expenditures.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:58 am

MLM

Martin Marietta Materials (MLM) reported Q1 2024 earnings of $16.87 per share, significantly beating the $1.89 estimate, representing a 792.59% increase. However, their sales of $1.251B missed the $1.318B estimate, marking a 7.61% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:57 am

AMD

AMZN

QQQ

SPY

Wall Street is cautious ahead of the Federal Reserve's interest rate decision, with futures trading lower. The earnings season, including Amazon and AMD's reports, adds to market volatility. Analysts anticipate no rate cuts from the Fed but don't rule out future reductions. Stocks like F5, Inc. and Tesla saw premarket movements, while several companies are set to report earnings. Global markets show mixed reactions, with commodities and bonds seeing modest changes.

Portfolio Pulse from Shanthi Rexaline

April 30, 2024 | 10:57 am

KO

Coca-Cola reported a Q1 comparable operating margin of 32.4%, an improvement from 31.8% in the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:56 am

TKR

Timken Co has updated its FY24 adjusted EPS outlook to $6.00-$6.30, up from the previous range of $5.80-$6.20, surpassing the estimated $6.05. Additionally, the company now anticipates a revenue decline of 2%-4% YoY, an improvement from the prior forecast of a 2.5%-4.5% decrease.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:56 am

TAP

Molson Coors Beverage (NYSE:TAP) reported Q1 2024 adjusted EPS of $0.95, surpassing the $0.74 estimate, with sales of $2.60B exceeding the $2.50B estimate, marking a 10.83% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:56 am

KO

Coca-Cola reported Q1 2024 adjusted EPS of $0.72, surpassing the $0.70 estimate, with sales of $11.300B exceeding the $11.010B forecast, marking a 2.91% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:55 am

TKR

Timken (NYSE:TKR) reported Q1 2024 adjusted EPS of $1.77, surpassing the $1.51 estimate, but its sales of $1.190B missed the $1.150B estimate, marking a 100% decrease from $1.263B in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:53 am