Streetbeat News

Earnings

MSFT

Microsoft forecasts FY24 revenues across its three main segments: Productivity and Business Processes at $19.9B-$20.2B, Intelligent Cloud at $28.4B-$28.7B, and More Personal Computing at $15.2B-$15.6B. The company also projects COGS at $19.6B-$19.8B, operating expenses at $17.15B-$17.25B, and an effective tax rate of approximately 18%.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:41 pm

FISI

Financial Institutions (NASDAQ:FISI) reported Q1 2024 earnings of $0.11 per share, surpassing the $(0.02) estimate, a 650% beat. Sales reached $40.082M, exceeding the $39.518M forecast by 1.43%. However, this represents an 85.53% decrease in earnings and a 4.14% drop in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:12 pm

NOV

NOV Inc. (NYSE:NOV) reported Q1 earnings of $0.30 per share, surpassing the consensus estimate of $0.27, and posted sales of $2.15B, exceeding the $2.11B estimate. This represents a 6.25% decrease in earnings and a 9.84% increase in sales year-over-year.

Portfolio Pulse from saritha@benzinga.com

April 25, 2024 | 10:10 pm

MSFT

Microsoft projects its total revenue to grow in double digits by FY2025, with capital expenditures expected to be higher than in FY24. However, operating margins are anticipated to decrease by approximately 1 point, as revealed in a conference call.

Portfolio Pulse from Charles Gross

April 25, 2024 | 10:03 pm

TV

Grupo Televisa (NYSE:TV) reported Q1 earnings of $0.10 per share, surpassing the analyst consensus estimate of $(0.04) by 350%. This represents a 242.86% increase over the previous year's losses of $(0.07) per share. However, their quarterly sales of $939.70 million fell short of the $993.28 million estimate by 5.39%, marking a 5.27% decrease from the previous year's sales of $992.02 million.

Portfolio Pulse from saritha@benzinga.com

April 25, 2024 | 10:00 pm

INTC

Intel's CEO announced during a conference call that the company's foundry business is expected to see sequential improvement in every quarter leading up to 2030. This optimistic outlook suggests a strong growth trajectory for Intel's foundry services, indicating the company's confidence in its operational capabilities and market demand for its services.

Portfolio Pulse from Charles Gross

April 25, 2024 | 9:50 pm

ATR

Aptar forecasts its Q2 EPS, excluding restructuring expenses, changes in fair value of equity investments, and acquisition costs, to be in the range of $1.30-$1.38, aligning closely with the estimated $1.36.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:46 pm

MARA

Marathon Digital Holdings Inc (NASDAQ:MARA) announced an increase in its hash rate target for fiscal-year 2024 from 35-37 EH/s to 50 EH/s, causing its shares to rise 5.15% after hours. The company attributes this ambitious target to its recent acquisitions and current machine orders, stating the growth is fully funded with no need for additional capital. Further details will be provided in its earnings report on May 9, with analysts expecting earnings of 22 cents per share on revenue of $180.69 million.

Portfolio Pulse from Adam Eckert

April 25, 2024 | 9:45 pm

LHX

L3Harris Technologies has updated its FY24 adjusted EPS forecast to $12.70-$13.05, from the previous range of $12.40-$12.80, compared to the analyst estimate of $12.71.

Portfolio Pulse from Charles Gross

April 25, 2024 | 9:45 pm

ATR

AptarGroup (NYSE:ATR) reported Q1 2024 adjusted EPS of $1.26, surpassing the $1.15 estimate, and sales of $915.448M, exceeding the $890.329M estimate. This represents a 31.25% increase in EPS and a 6.44% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:43 pm