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SNAP

SOCL

Snap Inc. (NYSE:SNAP) shares surged over 25% in premarket trading following the announcement of its first-quarter financial results, which exceeded analyst expectations. The company reported earnings of 3 cents per share against an expected loss of 5 cents per share, with adjusted EBITDA of $46 million, up from $1 million the previous year. Quarterly sales reached $1.195 billion, surpassing estimates by 6.74% and marking a 20.88% increase year-over-year. Snap also reported a 10% increase in daily active users to 422 million and introduced new tools and features. The company anticipates Q2 revenues between $1.225 billion and $1.255 billion, expecting daily active users to grow to approximately 431 million. Investors can also gain exposure to SNAP through the Global X Social Media ETF (NASDAQ:SOCL) and Fidelity Disruptive Communications ETF (NASDAQ:FDCF).

Portfolio Pulse from Nabaparna Bhattacharya

April 26, 2024 | 11:29 am

CHTR

Charter Communications shares are trading lower following the announcement of Q1 results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:26 am

OIS

Oil States International (NYSE:OIS) reported Q1 2024 adjusted EPS of $(0.03), missing estimates by 200% and marking a decrease from the previous year's earnings. Sales were $167.262M, missing estimates by 12% and showing a 14.75% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:25 am

NWL

Newell Brands' stock price increased following the announcement of better than expected Q1 earnings and the issuance of future guidance.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:17 am

AVTR

Avantor's stock is trading lower due to disappointing Q1 sales results, despite reiterating its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:13 am

NWL

Newell Brands has reaffirmed its 2024 normalized earnings per share (EPS) guidance of $0.52-$0.62, aligning with the consensus estimate of $0.57. This announcement confirms the company's confidence in its future financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:10 am

NWL

Newell Brands has reaffirmed its forecast for a sales decline of 8%-5% by 2024, with core sales expected to fall between 6% and 3%.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:10 am

NWL

Newell Brands has projected its Q2 normalized EPS to be between $0.18 and $0.21, which is below the consensus estimate of $0.25.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:10 am

NWL

Newell Brands projects a sales decline of 9%-7% for Q2, with core sales expected to decrease by 6% to 4%.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:09 am

CHTR

Charter Communications reported a decrease of 72,000 in total residential and SMB Internet customers, totaling 30.5 million as of March 31, 2024. Conversely, their mobile lines saw an increase of 486,000, reaching 8.3 million. Overall, Charter had 32.0 million residential and SMB customer relationships, excluding mobile-only relationships.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:08 am