Streetbeat News

Earnings

EME

ENCOR Group shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company raised its FY24 guidance above analyst estimates, signaling stronger future performance.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:54 am

BC

Brunswick shares are trading lower after the company released its Q1 financial results and provided guidance that was roughly in line with expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:51 am

DAR

Darling Ingredients (NYSE:DAR) reported Q1 2024 earnings of $0.50 per share, surpassing the $0.46 estimate, but saw a 56.14% decrease from last year's $1.14. Sales reached $1.420B, missing the $1.484B estimate and marking a 20.71% decline from the previous year's $1.791B.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:51 am

CNOB

ConnectOne Bancorp (NASDAQ:CNOB) reported Q1 2024 earnings of $0.41 per share, missing the $0.42 estimate, and sales of $60.300M, below the $61.598M estimate. This represents a 30.51% decrease in earnings and a 10.11% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:51 am

CARR

Carrier Global shares are trading higher, rebounding from earlier weakness following their Q1 earnings report.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:50 am

CWT

California Water Services Group (CWT) reported Q1 earnings of $1.21 per share, surpassing the $0.36 estimate, marking a 402.5% increase from last year's losses. Sales reached $270.75M, beating the $183.85M estimate, a 106.52% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:48 am

ULBI

Ultralife shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:46 am

UNP

Union Pacific (UNP) reported Q1 2024 adjusted EPS of $2.69, surpassing the $2.52 estimate, with sales of $6.00B exceeding the $5.98B forecast. This represents a slight 0.92% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:46 am

PHIN

PHINIA has reaffirmed its FY 2024 financial outlook, projecting net sales between $3.42B-$3.58B and adjusted sales of $3.40B-$3.55B, aligning with a $3.48B consensus. The company anticipates net earnings of $125M-$160M, with margins of 3.7%-4.5%, and adjusted EBITDA between $470M-$510M. PHINIA expects an adjusted free cash flow of $160M-$200M and an adjusted tax rate of 28%-32%.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:45 am

SMMF

Summit Financial Group (SMMF) reported Q1 2024 earnings of $1.14 per share, surpassing the $1.07 estimate, and sales of $45.001M, exceeding the $44.674M forecast. This represents a 3.64% increase in earnings and a 16.66% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:45 am