Streetbeat News

Earnings

TBBB

Tiendas 3B reported a significant increase in its Q4 revenue, reaching Ps. 12,316M, up 30.8% from Ps. 9,416M in the same quarter last year. EBITDA also rose to Ps. 559M from Ps. 421M YoY, marking a 32.9% increase. Gross profit and expenses both saw notable increases, indicating growth and higher operational costs.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 6:51 am

PSX

Phillips 66 (NYSE:PSX) is set to release its Q1 earnings on April 26, 2024, with analysts forecasting a decrease in earnings per share to $2.17 from $4.21 year-over-year and a revenue drop to $33.08 billion from $35.09 billion. The company recently raised its quarterly dividend from $1.05 to $1.15 per share. Shares fell 0.4% to $157.24 recently. Analysts from Barclays, Wells Fargo, Piper Sandler, JP Morgan, and Goldman Sachs have updated their ratings and price targets for PSX, reflecting a generally positive outlook.

Portfolio Pulse from Avi Kapoor

April 26, 2024 | 6:48 am

NWE

NorthWestern Corp. has reaffirmed its 2024 earnings guidance, projecting EPS of $3.42 to $3.62, aligning with a consensus of $3.49. The company also confirmed its $500 million capital plan and anticipates a long-term EPS growth of 4% to 6% from the 2022 base year. Key assumptions include normal weather, a 12%-14% effective income tax rate, and 61.3 million diluted average shares outstanding. NorthWestern expects rate base growth of 4% to 6% without the need for equity issuances, though future strategic opportunities may require such financing.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 6:46 am

XOM

Exxon Mobil Corporation (NYSE:XOM) is anticipated to report lower earnings for Q1 2024 at $2.20 per share compared to $2.83 in the same quarter last year, despite an expected increase in revenue to $78.35 billion from $86.56 billion. Recent analyst forecasts have adjusted price targets upwards, reflecting a positive outlook on the stock.

Portfolio Pulse from Avi Kapoor

April 26, 2024 | 6:34 am

NWE

NorthWestern (NASDAQ:NWE) reported Q1 2024 earnings of $1.09 per share, missing the $1.13 estimate, but sales of $475.3M exceeded the $471.601M forecast. This represents a 3.81% increase in earnings and a 4.58% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 6:31 am

SJW

SJW Group (NYSE:SJW) reported Q1 2024 earnings of $0.36 per share, missing the consensus estimate of $0.39 by 7.69%. Year-over-year, earnings decreased by 2.7% from $0.37. Quarterly sales were $149.382M, surpassing the estimate of $140.500M by 6.32%, and marking an 8.80% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 6:29 am

TSLA

Tesla investor Sawyer Merritt highlighted on CNBC's 'Last Call' the significant lead Tesla has in data collection for self-driving technology, with Tesla owners now driving 1 billion miles every 68 days using Full-Self Driving (FSD), a 250% increase from three months ago. Despite a 9% year-on-year decrease in Q1 revenue, Tesla's stock surged 12% after the earnings report, buoyed by positive investor sentiment towards its future plans and an upgrade from Bank of America from Neutral to Buy. Tesla's stock closed at $170.18, up 4.97%.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 5:39 am

GOOG

GOOGL

Alphabet Inc. announced its first dividend during its Q1 earnings, sparking discussions about its status as a tech company, a concern previously raised by PayPal co-founder Peter Thiel in 2012. Thiel had warned that issuing a dividend could signal a lack of technological innovation. Despite this, Alphabet reported a 15% revenue increase year-over-year to $80.539 billion and earnings of $1.89 per share, surpassing analyst expectations. CEO Sundar Pichai projects significant growth, particularly from YouTube and Cloud businesses, and emphasizes Alphabet's commitment to AI with a $12 billion capital expenditure. Alphabet's Class A and Class C stocks saw significant increases in after-hours trading.

Portfolio Pulse from kaustubh@benzinga.com

April 26, 2024 | 5:36 am

MSFT

NTDOY

SONY

Microsoft CEO Satya Nadella announced record-breaking gaming performance and expansion to Nintendo Switch and Sony PlayStation. The company set new records for game streaming hours, console usage, and monthly active devices, with Diablo 4's launch on Game Pass being notably successful. Microsoft's gaming division significantly contributed to a 17% year-over-year revenue increase to $61.9 billion, surpassing analyst estimates. The expansion includes bringing four fan-favorite titles to Nintendo and Sony platforms, marking a strategic move following the acquisition of Activision Blizzard.

Portfolio Pulse from Ananya Gairola

April 26, 2024 | 4:33 am

MSFT

Microsoft CEO Satya Nadella highlighted the strong demand for Azure, especially in AI, during the third-quarter earnings call. Azure Search, used by ChatGPT, is among the fastest-growing services. Microsoft's Q3 revenue rose 17% year-over-year to $61.9 billion, surpassing estimates. Azure is closing the gap with Amazon Web Services, with predictions of its growth accelerating to 29%-30% year-on-year. Microsoft shares were up 4.31% in after-hours trading.

Portfolio Pulse from Ananya Gairola

April 26, 2024 | 3:55 am