Streetbeat News

Earnings

BG

Bunge's shares dropped following mixed Q1 financial results and the issuance of FY24 adjusted EPS guidance that fell below analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:48 pm

MAS

Masco Corporation's shares are trading lower following the announcement of mixed financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:46 pm

META

Meta Platforms Inc (NASDAQ:META) shares rose after the U.S. Senate passed a bill requiring ByteDance to divest TikTok or face a U.S. ban. The bill, part of an aid package, is expected to be signed by President Biden. Meta is set to report Q1 financial results, with expectations of $4.32 EPS on $36.156 billion revenue. Last quarter, Meta announced better-than-expected results, a new dividend, and a $50 billion buyback program. Shares were up 2.86% at $510.31.

Portfolio Pulse from Adam Eckert

April 24, 2024 | 12:46 pm

META

Meta Platforms, Inc. (NASDAQ:META) is expected to report Q1 earnings with a significant increase in both earnings per share and revenue, according to analysts. Keybanc and JMP Securities analysts have provided optimistic ratings and price targets for META ahead of the earnings release. Additionally, the article outlines how investors can generate monthly income from Meta's dividends, emphasizing the required investment to achieve specific income goals. META's stock price recently rose 3%, indicating positive market sentiment.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 12:44 pm

TSLA

Wedbush analyst Daniel Ives maintained an Outperform rating on Tesla, Inc. (NASDAQ:TSLA) but reduced the price target from $300 to $275 after Q1 earnings. Ives highlighted Tesla's strategy for growth, including a lower cost vehicle planned for 2025, and the importance of execution in the China market. Despite challenges, the bullish thesis is reinforced by Tesla's roadmap, cost cuts, and advancements in full self-driving technology. Tesla's stock rose 11.57% in premarket trading to $161.42.

Portfolio Pulse from Shanthi Rexaline

April 24, 2024 | 12:43 pm

ENPH

Enphase Energy Inc (NASDAQ:ENPH) shares fell after reporting Q1 revenue of $263.3 million, missing estimates of $281.95 million, and issuing weak Q2 guidance. U.S. revenue dropped 34% year-over-year, while Europe saw a 70% increase. Adjusted earnings were 35 cents per share, below the expected 40 cents. The company anticipates Q2 revenue between $290 million and $330 million, against estimates of $350.706 million, with a gross margin of 42% to 45%. Analysts have adjusted their ratings and price targets following the results.

Portfolio Pulse from Adam Eckert

April 24, 2024 | 12:42 pm

HLT

Hilton Worldwide's shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company has increased its adjusted EPS guidance for FY24, signaling confidence in its future performance.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:40 pm

ET

Energy Transfer LP (NYSE:ET) announced an increase in its quarterly cash distribution to $0.3175 per unit, a 3.3% rise from the first quarter of 2023. The distribution is for the first quarter ended March 31, 2024, payable on May 20, 2024, to unitholders of record as of May 13, 2024. Additionally, Energy Transfer will release its Q1 2024 earnings on May 8, 2024, followed by a conference call to discuss the results and provide a company update.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:35 pm

TDIV

TDVI

TXN

Texas Instruments Incorporated (NASDAQ:TXN) reported Q1 revenue of $3.66 billion, surpassing the consensus estimate of $3.611 billion, despite a decrease in quarterly gross and operating profit and a 16% year-over-year revenue decline. The company anticipates Q2 revenue between $3.65 billion and $3.95 billion, with earnings per share of $1.05 to $1.25. TXN shares rose 7.12% in premarket trading. Exposure to TXN can also be gained through First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) and FT Vest Technology Dividend Target Income ETF (BATS:TDVI).

Portfolio Pulse from Nabaparna Bhattacharya

April 24, 2024 | 12:34 pm

AEYE

AMST

BOF

AudioEye, Amesite, and BranchOut Food experienced significant stock movements due to recent developments. AudioEye reported better-than-expected Q1 financial results, leading to a 21% increase in its shares. Amesite announced the Beta release of its NurseMagic app, causing its shares to surge by 75%. BranchOut Food expanded its third contract with the nation's largest retailer, reaching $8M in annualized revenue, marking a significant milestone for the company.

Portfolio Pulse from ryanfaloona@benzinga.com

April 24, 2024 | 12:30 pm