Streetbeat News

Earnings

GOOG

SLCA

SNAP

Snap Inc. (SNAP) shares surged 31% following better-than-expected Q1 results and optimistic Q2 revenue guidance, alongside a rise in daily active users. U.S. Silica Holdings (SLCA) shares increased by 21% after Q1 financial results and an acquisition announcement by Apollo funds. Alphabet Inc. (GOOG) shares rose 16% after a board authorization for an additional $70B share repurchase and multiple firms upgrading their price targets.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:24 pm

TEX

Terex Corporation's shares surged following the announcement of its Q1 financial results, which exceeded expectations. Additionally, the company provided FY24 revenue guidance that surpassed analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:23 pm

CNC

Centene's stock is trading higher following the announcement of better-than-expected Q1 2024 adjusted EPS and sales figures. The company also raised its guidance for the full year 2024, signaling stronger performance ahead.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:18 pm

GOOGL

INTC

SNAP

Alphabet Inc. reported first-quarter revenue of $80.539 billion, a 15% increase year-over-year, surpassing estimates. Earnings were $1.89 per share, beating forecasts. Alphabet announced a $70 billion share repurchase program and its first-ever quarterly dividend, causing shares to rise 11.9% in pre-market trading. Other stocks also moved significantly in pre-market trading, with notable gainers including Tevogen Bio Holdings, Pineapple Energy, and Freight Technologies, and losers such as Aclarion, Vincerx Pharma, and SCWorx Corp.

Portfolio Pulse from Avi Kapoor

April 26, 2024 | 12:18 pm

TSCO

Tractor Supply Company (NASDAQ:TSCO) reported Q1 earnings per share of $1.83, surpassing the consensus of $1.71, with revenues of $3.395 billion aligning with estimates and marking a 2.9% year-over-year increase. Comparable store sales grew by 1.1%, and the gross margin improved to 36.0%. The company confirmed its FY24 outlook, projecting GAAP EPS of $9.85-10.50 and sales between $14.700 billion and $15.100 billion. Following the earnings announcement, TSCO shares rose by 2.8%, and analysts from Telsey Advisory Group and Baird adjusted their price targets upwards.

Portfolio Pulse from Avi Kapoor

April 26, 2024 | 12:18 pm

PSX

Phillips 66 shares are trading lower due to a miss in Q1 earnings per share (EPS).

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:17 pm

CINF

Cincinnati Financial shares are trading higher following the announcement of better-than-expected Q1 2024 adjusted EPS and sales.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:16 pm

SAIA

Saia shares are trading lower after the company reported worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:12 pm

BALL

Ball Corporation's shares surged following the announcement of their Q1 revenue results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:11 pm

TNET

TriNet Group has adjusted its Q2 diluted EPS forecast to $1.00-$1.50, below the $1.57 estimate, and lowered its FY24 adjusted diluted EPS outlook to $5.25-$6.80 from a previous range of $5.80-$7.35, against an estimate of $6.65.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:09 pm