Streetbeat News

Earnings

SAIA

Saia shares are trading higher, indicating a rebound after experiencing a decline last week due to worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:41 pm

KINS

Kingstone Companies reports a preliminary Q1 2024 net premiums earned of $28.8M, marking a 2.0% increase year-over-year. However, net premiums earned from non-core business saw a significant decrease of 49%, dropping from $4.5M to $2.3M compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:40 pm

BMRC

Bank of Marin (NASDAQ:BMRC) reported Q1 2024 earnings of $0.18 per share, missing the $0.26 estimate, and sales of $22.694M, below the $24.847M estimate. This represents a 69.49% decrease in earnings and a 30.88% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:38 pm

VIVK

Vivakor (NASDAQ:VIVK) reported a significant improvement in its Q4 EPS, reducing losses to $(0.18) per share from $(0.76) YoY. However, sales declined to $13.87M from $16.34M YoY, indicating mixed financial health.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:37 pm

DAC

JAN

TPC

WAB

Four industrials sector stocks, Danaos Corporation (DAC), Westinghouse Air Brake Technologies Corporation (WAB), JanOne Inc. (JAN), and Tutor Perini Corporation (TPC), are identified as overbought based on their RSI values, indicating potential short-term performance concerns. DAC's recent earnings were disappointing, while WAB, JAN, and TPC reported positive developments. Despite these, their high RSI values suggest they might be at risk of a pullback.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 12:32 pm

LLY

Eli Lilly (LLY) is expected to report Q1 earnings with a significant increase in both earnings per share and revenue compared to the previous year. The company, having recently acquired a manufacturing facility from Nexus Pharmaceuticals, offers a dividend yield of 0.71%. Investors looking to earn a steady income from dividends would need a substantial investment to achieve a monthly return of $500. LLY's stock price increased by 1.2% to close at $733.51 recently.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 12:32 pm

ACN

CAL

EA

PM

Insiders at Philip Morris, Accenture, Electronic Arts, and Caleres have recently sold shares. These sales come amidst various company developments, including earnings reports and acquisitions. Insider sales can indicate various strategic decisions but are not the sole factor for investment decisions.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 12:31 pm

BEN

Franklin Resources (NYSE:BEN) reported Q2 2024 earnings of $0.56 per share, missing the consensus estimate of $0.57 by 1.75%. However, their quarterly sales of $2.153 billion exceeded expectations by 29.30%, marking an 11.71% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:31 pm

ALLG

ALT

DB

DQ

INN

Deutsche Bank and several other stocks experienced declines in Monday's pre-market session. Deutsche Bank's shares fell 7.4% due to potential €1.3 billion litigation costs. Other stocks like Allego N.V., Daqo New Energy Corp, and Summit Hotel Properties also saw significant drops, attributed to various factors including missed earnings estimates and analyst downgrades.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 12:31 pm

PHG

Koninklijke Philips (NYSE:PHG) reported Q1 adjusted EPS of $0.28, meeting analyst estimates, and sales of $4.49B, slightly beating the $4.46B estimate. This represents a 16.67% increase in earnings and a 0.49% increase in sales over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:26 pm