Streetbeat News

Earnings

BFH

Bread Finl Hldgs (NYSE:BFH) reported Q1 2024 earnings of $2.70 per share, missing the $3.21 estimate, and sales of $991M, below the $996.988M estimate. This represents a 23.12% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:53 am

NOC

Northrop Grumman has reaffirmed its fiscal year 2024 outlook, projecting adjusted earnings per share (EPS) in the range of $24.45 to $24.85, compared to the consensus estimate of $24.65. The company also expects sales to be between $40.800 billion and $41.200 billion, slightly below the consensus estimate of $41.11 billion.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:53 am

RS

Reliance Steel & Aluminum (NYSE:RS) reported Q1 2024 earnings of $5.30 per share, missing the $5.55 estimate, and sales of $3.645B, below the $3.757B estimate. This represents a 12.05% increase in EPS and an 8.08% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:52 am

ABG

Asbury Automotive Group reported Q1 sales of $4.201 billion, missing the consensus estimate of $4.264 billion by 1.48%. Despite the miss, this represents a 17.28% increase over last year's sales of $3.582 billion.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:52 am

BDRBF

Bombardier reported Q1 2024 adjusted EPS of $0.36, surpassing the $0.28 estimate, but its sales of $1.281B fell short of the $1.482B forecast. This represents a significant decrease in both earnings and sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:51 am

MPX

Marine Products Corp. (MPX) reported a significant decrease in Q1 earnings and sales YoY, with EPS down to $0.13 from $0.34 and sales dropping to $69.34M from $118.91M.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:51 am

CNX

CNX Resources reported its Q1 total revenue and other operating income at $384 million, falling short of the $398.068 million estimate.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:51 am

NOC

Northrop Grumman reported Q1 2024 net awards of $6.5 billion and a backlog of $78.9 billion, with significant awards in restricted programs across Aeronautics Systems, Space Systems, and Mission Systems. The company also noted a $1.6 billion reduction in unfunded backlog due to a termination in its restricted Space business.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:50 am

IP

International Paper reported a $52M impairment charge in Q1 due to a January freeze and a fire at its Ixtac, Mexico facility. This financial impact reflects significant disruptions and damages to its operations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:50 am

FTI

TechnipFMC has reaffirmed its FY24 guidance, projecting subsea revenue of $7.2B-$7.6B and surface technologies revenue of $1.2B-$1.35B, along with a free cash flow of $350M-$500M.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:49 am