Streetbeat News

Earnings

DPZ

Domino's Pizza (DPZ) shares surged following the announcement of Q1 earnings that exceeded expectations, highlighted by a 5.6% increase in same-store sales in the US and a 0.9% rise internationally.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:49 am

SHEL

A lawsuit against Shell PLC (NYSE:SHEL) has revealed details about its oil and gas trading profits, showing annual earnings of $950 million to $1 billion, which is 13%-15% of its U.S. pre-tax profits. The case highlights the secretive yet lucrative nature of Shell's trading operations and the substantial bonuses paid to traders.

Portfolio Pulse from Shivani Kumaresan

April 29, 2024 | 10:48 am

DQ

Daqo New Energy, symbol DQ, forecasts its Q2 FY24 polysilicon production to be between 60,000MT and 63,000MT, and its full-year 2024 production to range from 280,000MT to 300,000MT.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:43 am

DQ

Daqo New Energy reported a Q1 polysilicon production volume of 62,278MT, an increase from 61,014MT in Q4 FY23. However, polysilicon sales volume decreased to 53,987MT from 59,906MT in the same period.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:40 am

DQ

Daqo New Energy reported a decrease in polysilicon average selling prices to $7.66/kg in Q1 FY24 from $7.97/kg in Q4 FY23, indicating a potential pressure on revenue.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:37 am

PHG

Philips' stock is up following a $1.1B settlement for Respironics litigation, alongside reporting better than expected Q1 earnings and reaffirming its financial guidance.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:36 am

GOOGL

U.S. stock markets closed higher, driven by strong tech earnings and mild inflation data. Alphabet announced its first dividend and a $70 billion buyback, boosting its shares by 10% and its valuation above $2 trillion. The PCE price index rose to 2.7% in March. Asian markets also saw gains, while European markets were mixed. Commodities and U.S. futures indicated varied movements, with the yen surging against the dollar due to potential Japanese intervention.

Portfolio Pulse from Akanksha Bakshi

April 29, 2024 | 10:35 am

DQ

Daqo New Energy (NYSE:DQ) reported Q1 adjusted earnings per share (EPS) of $0.55, missing the consensus estimate of $0.56, a 1.79% miss. Quarterly sales were $415.31 million, falling short of the $491.90 million estimate by 15.57%. Year-over-year, earnings decreased by 86.01% from $3.93 per share, and sales dropped by 41.49% from $709.83 million.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:34 am

AULT

Ault Alliance, Inc. (NYSE:AULT) reported a preliminary Q1 2024 revenue of $36M, marking the highest first quarter revenue in the company's history. This figure excludes $3M from its AGREE hotel properties, which were initially considered for sale but will now be reclassified into continuing operations.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:33 am

DPZ

Domino's Pizza reported a Q1 US same store sales growth of 5.6% and an international same store sales growth of 0.9%.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:11 am