Streetbeat News

Earnings

WEX

WEX shares declined following the announcement of disappointing Q1 financial results and the provision of Q2 adjusted EPS guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:01 pm

BMRN

In the past three months, 8 analysts have provided ratings for Biomarin Pharmaceutical (NASDAQ:BMRN), with a mix of somewhat bullish and indifferent perspectives. The average 12-month price target is $100.88, down from $106.25. Analyst actions include maintaining, raising, and lowering ratings and price targets. BioMarin focuses on rare-disease therapies and has seen a revenue growth of 20.22% as of December 31, 2023, but lags in profitability and efficiency metrics compared to industry peers.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:01 pm

AMBP

Ardagh Metal Packaging's stock price increased following the announcement of Q1 adjusted EPS results that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:59 pm

IPAR

Inter Parfums shares dropped following a report of disappointing Q1 revenue results. Additionally, Piper Sandler kept an Overweight rating but reduced the price target from $176 to $172.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:58 pm

SAH

Sonic Automotive, Inc. (NYSE:SAH) shares surged over 10% after reporting Q1 adjusted earnings per share of $1.36, surpassing the expected $1.30. However, total revenues of $3.384 billion, a 3% decrease year-over-year, fell short of the $3.449 billion forecast. The company also reported a net income decline of 12% year-over-year to $42.0 million and a 14% decrease in EchoPark segment revenues. Despite these challenges, Sonic Automotive repurchased 0.5 million shares and announced a quarterly dividend of 30 cents per share, signaling confidence in its financial health and future prospects.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 3:57 pm

ITGR

Integer Holdings shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:56 pm

DJD

DOW

RDIV

Dow Inc (NYSE:DOW) shares fell after reporting Q1 FY24 results with a 9% Y/Y sales decline to $10.77 billion, slightly above consensus. Adjusted EPS was $0.56, beating the $0.45 consensus. Despite local price drops and mixed regional performance, volume increased by 1% Y/Y. Operating EBIT declined to $674 million, but margins expanded. The company returned $693 million to shareholders and highlighted its strategic focus on long-term growth and sustainability. Exposure to DOW can also be gained through Invesco ETFs DJD and RDIV.

Portfolio Pulse from Lekha Gupta

April 25, 2024 | 3:55 pm

OSIS

OSI Systems shares are trading lower following the announcement of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:55 pm

QS

QuantumScape's stock trades lower following Q1 financial results and UBS's decision to maintain a Neutral rating while reducing the price target from $9 to $5.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:54 pm

EADSY

Airbus announced that its 2024 guidance remains unchanged, with gross commercial aircraft orders totaling 170 and an equal number of net orders due to no cancellations. The order backlog has reached 8,626 commercial aircraft as of the end of March 2024. Additionally, Airbus plans to increase the production rate of the A350 to 12 aircraft a month by 2028.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:49 pm