Streetbeat News

Earnings

FTI

TechnipFMC's stock price increased following the announcement of their Q1 financial results, which exceeded expectations. The company also reaffirmed its financial guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:59 pm

SPY

TLT

The U.S. economy's growth slowed to 1.6% in Q1, below expectations and the previous quarter's 3.4%, signaling stagflation with rising inflation rates. The PCE price index rose to 3.4%, and the core PCE to 3.7%, exceeding forecasts. This scenario is seen as negative for markets, with the iShares 20+ Year Treasury Bond ETF (TLT) and the SPDR S&P 500 ETF Trust (SPY) both experiencing declines. Experts highlight the dual challenge of sluggish growth and high inflation, with potential negative impacts on bond and stock markets.

Portfolio Pulse from Piero Cingari

April 25, 2024 | 2:59 pm

ALGN

Align Technology's stock initially rose after the company reported its Q1 financial results but has since experienced a downturn in trading.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:58 pm

MBLY

Mobileye Global's stock is trading lower due to the company reporting Q1 adjusted EPS results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:57 pm

FCFS

FirstCash's stock price declined due to a miss in Q1 revenue expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:54 pm

NDAQ

Nasdaq shares are trading lower following the announcement of Q1 adjusted EPS results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:54 pm

PWOD

Penns Woods Bancorp reported a decrease in Q1 earnings per share to $0.51, down 20.31% from $0.64 YoY.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:54 pm

HOG

Harley-Davidson's stock price has decreased following the release of their Q1 earnings report.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:54 pm

HTZ

Hertz Global Holdings, Inc (NASDAQ:HTZ) reported a 23% drop in stock price after announcing Q1 FY24 results. Despite a sales growth of 1.6% to $2.08 billion, surpassing analyst expectations, the company faced a decline in total revenue per day and missed adjusted EPS estimates. The decrease in stock price reflects concerns over fleet and operating costs, despite improvements in vehicle supply and operating efficiencies.

Portfolio Pulse from Shivani Kumaresan

April 25, 2024 | 2:54 pm

BABA

BZUN

CRM

GPS

SHOP

Baozun Inc. (BZUN) is diversifying its business model through acquisitions and brand management, notably acquiring Gap China. Despite a 5% revenue increase last year, its core e-commerce services and product sales declined. The company is expanding into Southeast Asia and revamping its brand management strategy, but faces challenges in a maturing Chinese e-commerce market and competition. Baozun's stock has significantly underperformed, yet analysts remain optimistic.

Portfolio Pulse from The Bamboo Works

April 25, 2024 | 2:54 pm