Streetbeat News

Earnings

CHTR

Charter Communications Inc (NASDAQ:CHTR) reported Q1 2024 earnings with revenue of $13.68 billion and EPS of $7.55, both missing consensus estimates. The company saw a decline in residential Internet and video customers, leading to a 1.7% drop in stock price. B of A Securities and Rosenblatt adjusted their price targets on CHTR following the earnings announcement.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 1:25 pm

APLD

Ellendale Facility is operating at approximately 80 MW and is accelerating the restoration of capacity at its Ellendale Data Center Hosting Facility. The company expects to continue ramping up capacity ahead of schedule, as detailed in its earnings release filed on April 11, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:20 pm

SOFI

SoFi shares are trading lower, reversing after initially gaining on Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:17 pm

BALL

Ball Corporation (NYSE:BALL) exceeded first-quarter earnings expectations with an adjusted EPS of 68 cents, surpassing the forecast of 56 cents. However, its quarterly sales of $2.87 billion fell short of the $3.24 billion estimate. Following the earnings beat, Ball's shares rose by 6.7% to close at $69.80. Analysts from Baird and Mizuho revised their price targets upwards, with Baird setting a new target of $70 and Mizuho at $69, both maintaining a Neutral rating.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 1:16 pm

IONM

Assure Holdings announced that its unaudited financial statements for the quarterly periods ended March 31, June 30, and September 30, 2023, should not be relied upon, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:14 pm

GFAI

Guardforce AI Co (NASDAQ:GFAI) reported a significant improvement in its fiscal year earnings, with losses narrowing to $(4.53) per share from $(14.97) YoY. Sales also increased to $36.28M from $33.97M YoY, marking a 6.82% growth.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:09 pm

AON

Aon plc reported lower-than-expected Q1 financial results, with earnings and sales missing market estimates. Despite a drop in operating margin, adjusted operating margin and EPS saw improvements. Aon's acquisition of NFP is highlighted as a positive move. Shares fell 6.9% following the announcement. Analysts from Piper Sandler and B of A Securities adjusted their price targets for Aon.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 1:09 pm

HOPE

Hope Bancorp reported Q1 2024 adjusted EPS of $0.23, missing the $0.26 estimate, and sales of $123.333M, below the $130.428M estimate. This represents a 30.3% decrease in earnings and a 14.86% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:04 pm

EMN

Eastman Chemical (NYSE:EMN) reported Q1 earnings surpassing expectations with adjusted earnings of $1.61 per share against the forecasted $1.43. Sales reached $2.310 billion, slightly above estimates of $2.293 billion. The company observed strong demand across key markets and confirmed FY2024 earnings guidance of $7.25 to $8.00 per share. Following the announcement, B of A Securities and Jefferies revised their price targets for EMN, with B of A Securities reducing it to $112 and Jefferies raising it to $125.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 1:01 pm

GERN

Geron (NASDAQ:GERN), a clinical-stage biopharmaceutical company, has received diverse analyst ratings over the last three months, with a total of 10 analysts offering perspectives ranging from bullish to bearish. The average 12-month price target for GERN is $5.3, with a high estimate of $10.00 and a low estimate of $4.00, indicating a 32.5% increase from the previous average target of $4.00. Geron's financial performance shows challenges in revenue growth, profitability, and asset utilization, with a significant decline in revenue and below-average net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 1:00 pm