Streetbeat News

Earnings

TS

Tenaris (NYSE:TS) reported Q1 2024 earnings of $1.27 per share, surpassing the $0.95 estimate, with sales of $3.442B also beating the $3.375B estimate. However, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:39 pm

USCB

USCB Financial Holdings (NASDAQ:USCB) reported Q1 2024 adjusted EPS of $0.23, surpassing the $0.21 estimate, and sales of $17.622M, exceeding the $17.175M forecast. However, these figures represent a decrease from the previous year, with earnings down 20.69% and sales down 2.46%.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:36 pm

AMZN

GOOG

META

MSFT

Amazon.com Inc (AMZN) shares rose in after-hours trading on Thursday, following strong earnings reports from Microsoft Corp (MSFT) and Alphabet Inc (GOOG). Microsoft reported a 17% increase in Q3 revenue and earnings above estimates, while Alphabet reported a 15% increase in Q1 revenue, beating estimates, and announced a $70 billion buyback and its first-ever dividend. Amazon's stock rebounded after a day of selling pressure, influenced by Meta Platforms Inc's (META) earnings sell-off. Amazon is expected to report its Q1 financial results soon, with anticipated earnings of 83 cents per share on $142.495 billion in revenue.

Portfolio Pulse from Adam Eckert

April 25, 2024 | 9:31 pm

WDC

Western Digital Corporation (NASDAQ:WDC) reported Q3 earnings with a significant beat on both earnings per share and revenue forecasts, posting earnings of 63 cents per share against a consensus of 20 cents, and revenue of $3.46 billion against a $3.36 billion estimate. The company saw growth in cloud revenue, client revenue, and consumer revenue, attributing the success to higher nearline shipments, improved pricing, and a diversified product portfolio. Western Digital provided an upbeat Q4 guidance, expecting earnings between 90 cents and $1.20 per share, and revenue between $3.6 billion and $3.8 billion, both forecasts surpassing analyst expectations.

Portfolio Pulse from Erica Kollmann

April 25, 2024 | 9:27 pm

LHX

L3Harris Technologies has updated its FY24 adjusted EPS forecast to $12.40-$12.80, a revision from its previous range of $12.70-$13.05, and slightly below the $12.71 estimate.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:26 pm

CUBI

Customers Bancorp (NYSE:CUBI) reported Q1 2024 adjusted EPS of $1.42, missing the $1.63 estimate, and sales of $160.385M, below the $167.861M estimate. This represents a 10.13% decrease in EPS and a 7.00% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:25 pm

FHI

Federated Hermes (NYSE:FHI) reported Q1 2024 earnings of $0.89 per share, surpassing the $0.84 estimate, marking a 14.1% increase from last year. However, their sales of $396.371M fell short of the $401.259M estimate, a 3.71% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:25 pm

CWST

Casella Waste Systems has reaffirmed its fiscal year 2024 outlook, expecting revenues to be between $1.48 billion and $1.51 billion, aligning with an estimated $1.498 billion. The reaffirmation covers revenue, net income, Adjusted EBITDA, net cash provided by operating activities, and Adjusted Free Cash Flow.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:24 pm

FLIC

First of Long Island (NASDAQ:FLIC) reported Q1 2024 earnings of $0.20 per share, missing the $0.23 estimate, and sales of $20.935M, below the $22.084M estimate. This represents a 31.03% decrease in earnings and a 7.56% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:24 pm

APPF

AppFolio shares surged following the announcement of its Q1 financial results, which exceeded expectations. Additionally, the company increased its FY24 revenue guidance, surpassing analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:22 pm