Streetbeat News

Earnings

BG

FXG

MOO

Bunge Limited (NYSE:BG) shares fell over 5% after Q1 results were announced, with earnings per share of $3.04 beating expectations but revenue of $13.417 billion missing forecasts. The company maintained its full-year 2024 EPS outlook at approximately $9.00, below the $9.39 estimate. Bunge's agribusiness saw mixed results, and it continued to invest in growth projects and the integration with Viterra. Investors can also gain exposure to BG through First Trust Cons. Staples AlphaDEX (NYSE:FXG) and VanEck Agribusiness ETF (NYSE:MOO).

Portfolio Pulse from Nabaparna Bhattacharya

April 24, 2024 | 1:32 pm

STLD

Steel Dynamics' stock is trading higher after the company reported a first-quarter earnings per share (EPS) that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:22 pm

BA

SPR

Boeing Co reported a decline in Q1 fiscal 2024 revenue by 8% year-over-year to $16.569 billion, surpassing consensus estimates. The decrease was attributed to lower commercial deliveries and considerations for the grounding of the 737-9. Adjusted loss per share improved to $(1.13) from $(1.27) year-over-year, beating consensus estimates of $(1.76). The company emphasized a commitment to enhancing quality and safety, with a reduction in 737 production to improve quality management. Defense, Space & Security and Global Services segments saw revenue increases. Boeing also made a $425 million advance payment to Spirit Aerosystems Holdings, Inc. (SPR) amid FAA restrictions. Boeing's shares rose 4.01% in premarket trading.

Portfolio Pulse from Akanksha Bakshi

April 24, 2024 | 1:22 pm

ODFL

Old Dominion Freight Line's stock trades lower due to a Q1 revenue miss.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:20 pm

CFFN

Capitol Federal Financial (CFFN) reported Q2 2024 earnings of $0.11 per share, meeting analyst estimates, but missed revenue expectations with $41.320M against a forecast of $42.016M, a 1.66% miss and a 1.52% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:17 pm

BA

Boeing's CEO expressed strong belief in achieving the company's cash flow target during a live interview on CNBC, emphasizing confidence in the company's financial future.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:13 pm

BA

Boeing's CEO announced on CNBC that the company will face significant costs in the first half of the year. This statement could impact investor sentiment and the company's financial outlook in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:12 pm

SPWR

SunPower announced a restructuring plan according to an SEC filing, expecting to incur approximately $28M in restructuring charges.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:10 pm

RCI

Rogers Communications reported its Q1 2024 adjusted earnings per share (EPS) at C$0.99, meeting expectations, while its sales of C$4.90 billion fell short of the estimated C$4.92 billion.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:09 pm

CFFN

Capitol Federal Financial (CFFN) reported Q2 earnings of $0.11 per share, meeting analyst consensus estimates and unchanged from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:06 pm