Streetbeat News

Earnings

CNMD

Conmed (NYSE:CNMD) reported Q1 2024 adjusted EPS of $0.79, surpassing the $0.74 estimate, and sales of $312.273M, exceeding the $306.776M estimate. This represents a 19.7% increase in EPS and a 5.69% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:11 pm

CMG

Chipotle Mexican Grill (CMG) reported Q1 2024 earnings of $13.37 per share, surpassing the consensus estimate of $11.68 by 14.47%. Sales reached $2.702B, exceeding estimates of $2.675B by 1.02% and marking a 14.05% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:11 pm

NOW

ServiceNow (NYSE:NOW) reported Q1 2024 adjusted EPS of $3.41, surpassing the $3.14 estimate, with sales of $2.60B exceeding the $2.59B forecast. This represents a 24.19% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:11 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) saw a 12% increase in its shares, the strongest session since January 2022, despite Q1 2024 earnings missing Wall Street expectations. The surge was fueled by Tesla's plans for more affordable models and a positive rating upgrade from Bank of America. Analyst John Murphy highlighted Tesla's effective challenge management, cost-saving efforts, and potential revenue streams from licensing its Full Self-Driving technology. Technical analysis suggests a rebound from oversold levels, with a near-term target of $176, 9% below its 50-day moving average.

Portfolio Pulse from Piero Cingari

April 24, 2024 | 8:11 pm

IBM

IBM shares are trading lower following the announcement of mixed Q1 financial results, indicating a mixed performance in terms of revenue and/or profits.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:10 pm

AMSF

AMERISAFE reported a Q1 operating income per share of $0.69.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:10 pm

CCS

Century Communities (NYSE:CCS) reported Q1 2024 adjusted EPS of $2.22, surpassing the $1.39 estimate, with sales of $948.543M also beating the $784.469M estimate, marking a 25.97% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:10 pm

F

Ford Motor Company's shares are trading higher following the announcement of their Q1 financial results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:10 pm

IBM

IBM reported Q1 adjusted earnings of $1.68 per share, surpassing the $1.60 estimate, marking a 23.53% increase from last year. However, its sales of $14.46 billion fell short of the $14.55 billion estimate, a slight 1.47% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:09 pm

PEGA

Pegasystems reported Q1 2024 adjusted earnings of $0.48 per share, surpassing the $0.43 estimate, but its sales of $330.147M fell short of the expected $336.607M. This represents a 1.44% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:08 pm