Streetbeat News

Earnings

HAS

HLT

RILY

TSLA

VRT

Hilton Worldwide Holdings Inc. reported better-than-expected Q1 financial results, leading to a 5.7% stock increase. Other companies like B. Riley Financial, MMTec, Ribbon Communications, Hasbro, Tesla, Vertiv Holdings, and several more also saw significant gains following positive financial results, guidance updates, or other favorable news.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 3:19 pm

BA

SPR

Boeing's CEO announced during a conference call that the production rate of the 787 model will slow down due to the insufficient supply of heat exchangers and seats. This supply chain issue is affecting the company's ability to maintain its production schedule.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:15 pm

HUM

Humana, a major health insurance company, has officially withdrawn its profit forecast for the year 2025. This unexpected move has raised concerns among investors regarding the company's future profitability and operational challenges it might be facing.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:14 pm

BA

SPR

Boeing's CEO commented during a conference call about the FAA's 90-day deadline, indicating that it is not sufficient to significantly improve production from 38 to 40 units. This statement suggests challenges in increasing production rates in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:08 pm

AMD

TXN

Advanced Micro Devices, Inc. (AMD) shares rose after Texas Instruments, Inc. (TXN) reported better-than-expected Q1 results. TXN's earnings and revenue surpassed estimates, influencing the semiconductor sector positively. AMD is anticipated to report its Q1 results soon, with expectations set at earnings of 61 cents per share and revenue of $5.459 billion. AMD recently announced new AI-enabled desktop processors, showcasing technological advancements. However, AMD's stock is trading below its 50-day moving average due to recent sector-wide declines. Interest rates and their impact on growth stocks like AMD are highlighted, with a focus on AMD's long-term revenue growth and valuation as a value stock.

Portfolio Pulse from Erica Kollmann

April 24, 2024 | 3:02 pm

SLAB

Silicon Laboratories shares dropped following the announcement of Q1 financial results and Q2 adjusted EPS guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:01 pm

KKR

KKR & Co Inc (NYSE:KKR) is evaluated against its peers in the Capital Markets industry, showcasing its financial metrics, market position, and growth prospects. With $552.8 billion in managed assets and segments in asset management and insurance, KKR's financial performance is analyzed through various ratios such as P/E, P/B, P/S, and ROE, comparing favorably against industry averages. The analysis highlights KKR's strong profitability, efficient equity use, and significant market outperformance in revenue growth.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 3:00 pm

GD

MISL

SHLD

General Dynamics Corp (NYSE:GD) shares fell after reporting Q1 FY24 results with revenue growth of 8.6% Y/Y to $10.73 billion, surpassing consensus but missing EPS estimates with $2.88 versus the expected $3.03. The company saw increased backlogs across segments, with a notable 6.2% Y/Y growth in the Aerospace segment. Operating earnings rose 10.4% Y/Y, but the company experienced a negative operating cash flow of $(278) million. Despite solid operating results and the start of Gulfstream G700 deliveries, shares dropped 5.8% to $275.64.

Portfolio Pulse from Lekha Gupta

April 24, 2024 | 2:58 pm

RUSHA

Rush Enterprises shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 2:56 pm

BA

Boeing announced during a conference call that the production of its 737 model will continue to be sporadic throughout the second quarter. This update may impact the company's delivery schedules and financial performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 2:55 pm