Streetbeat News

Earnings

AAL

American Airlines' CFO reported during a conference call that delivery delays from Boeing have impacted the airline's mainline capacity. This situation could affect American Airlines' operational efficiency and financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:48 pm

DRIO

DarioHealth Corp. (NASDAQ:DRIO) announced a new study published in JMIR, showing significant clinical improvements in managing cardiometabolic conditions through its integrated platform. The study, involving 1,932 members, demonstrated a reduction in blood glucose and BMI for those using Dario's digital weight monitoring feature compared to those who did not. This supports the use of Dario's solution for managing diabetes, pre-diabetes, blood pressure, weight, and GLP-1 support in a unified manner, highlighting the benefits of a single, integrated approach to improve clinical outcomes.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:47 pm

ESQ

Esquire Financial Holdings reported Q1 adjusted earnings of $1.20 per share, surpassing the consensus estimate of $1.17 by 2.56% and marking an 8.11% increase from $1.11 per share in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:46 pm

CAT

GOOG

GOOGL

INTC

MSFT

TSLA

Investor optimism showed slight improvement as the CNN Money Fear and Greed index increased, yet remained in the 'Fear' zone. U.S. stocks had a mixed close with the S&P 500 slightly up. Tesla's shares surged 12% after Q1 earnings and an upgrade by B of A Securities, while Boeing's shares dropped 2.9% following its Q1 financial results. Over 25% of S&P 500 companies have reported quarterly results, with 79% beating estimates. The market awaits earnings from Caterpillar, Alphabet, Intel, and Microsoft.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 12:46 pm

CAT

GOOG

INTC

META

Alphabet Inc. is anticipated to report earnings of $1.51 per share on $78.59 billion revenue. Meta Platforms reported better-than-expected Q1 results, with a 7% year-over-year increase in Family Daily Active People. Intel Corporation is expected to announce earnings of 14 cents per share on $12.78 billion revenue. Ford Motor Company exceeded Q1 expectations with $42.8 billion revenue. Caterpillar Inc. is projected to report earnings of $5.14 per share on $16.22 billion revenue.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 12:45 pm

OSIS

OSI Systems has revised its 2024 adjusted EPS guidance upwards, from expecting over 29% growth year-over-year to now anticipating more than 30% growth.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:45 pm

TAOP

Taoping Inc. reported a significant revenue growth of 59.4% for the fiscal year 2023 and anticipates continued growth into FY24.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:45 pm

ASML

INTC

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) announced its A16 chip technology, set to begin production in 2026, aiming to outpace Intel in chip speed. This 1.6-nm technology will compete directly with Intel's advancements and is not expected to require ASML's new lithography tools, unlike Intel's plans. TSMC's focus on AI chip manufacturers as initial adopters, along with a new power delivery technology for AI chips, underscores its strategic positioning in the semiconductor industry. The company reported a 16% revenue increase year-on-year and anticipates significant capital expenditures and revenue growth. TSMC's stock has seen a 62% increase over the past 12 months, with exposure available through ETFs like SMH and SOXX.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 12:44 pm

SDIG

Stronghold reported an estimated revenue of $27.5 million for Q1. The company, represented by the ticker SDIG, has made this announcement as a key financial highlight.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:44 pm

BLCO

Bausch + Lomb Corporation announced significant results from a clinical study of a new daily nutritional supplement, Blink NutriTears, for dry eyes, meeting all primary and key secondary endpoints. The supplement, expected to launch in Q3 2024 in the U.S., showed improvements in tear production and dry eye symptoms. The study highlights the supplement's potential in addressing the growing issue of dry eyes, especially among younger demographics increasingly affected by digital device use.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:43 pm