Streetbeat News

Earnings

BLFY

Blue Foundry (NASDAQ:BLFY) reported Q1 2024 earnings with a GAAP EPS of $(0.13), surpassing the $(0.21) estimate. Sales reached $9.868M, exceeding the $9.168M forecast but marking a 20.58% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:20 pm

CHPT

HTZ

SP

The article highlights the top 3 industrials stocks considered oversold in April, based on their RSI values being near or below 30. ChargePoint Holdings, Inc. (CHPT) was downgraded by Goldman Sachs, Hertz Global Holdings, Inc. (HTZ) had its price target lowered by Deutsche Bank, and SP Plus Corporation (SP) reported downbeat quarterly earnings but overall strong annual performance.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 12:17 pm

BLFY

Blue Foundry (NASDAQ:BLFY) reported Q1 EPS of $(0.13), surpassing the $(0.21) estimate, with sales of $9.87M exceeding the $9.17M forecast. This represents a 160% increase in losses and a 20.58% decrease in sales from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:17 pm

RCI

Rogers Communications (NYSE:RCI) reported Q1 2024 earnings of $0.73 per share, missing the consensus estimate of $0.99 by 26.26%. Quarterly sales were $3.636B, missing the estimate of $4.924B by 26.15%, but marking a 28.16% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:16 pm

HLT

Hilton Worldwide Holdings Inc (NYSE:HLT) reported a 12.2% year-on-year increase in Q1 FY24 sales to $2.573 billion, surpassing analyst expectations. The company saw growth in franchise and licensing fees and owned and leased hotels revenue, with a system-wide occupancy rate of 67.2%. Adjusted EBITDA rose 17% to $750 million, and adjusted EPS of $1.53 beat consensus estimates. Hilton raised its FY24 adjusted EPS outlook and expects a 2%-4% increase in system-wide comparable RevPAR. HLT shares surged 4.41% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 24, 2024 | 12:14 pm

HTBI

HomeTrust Bancshares reported an increase in its Q1 2024 earnings per share (EPS) to $0.88, up from $0.79 in the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:13 pm

SFNC

Simmons First Ntl (NASDAQ:SFNC) reported Q1 2024 earnings of $0.32 per share, meeting analyst estimates, but missed revenue forecasts with $195.090M against an expected $202.348M. This represents a 12.78% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:12 pm

RBBN

Ribbon Communications projects its Q2 2024 revenue to be between $200M-$210M, with non-GAAP gross margin expected to be 53.5%-54.5% and adjusted EBITDA between $20M-$25M. This forecast is slightly below the estimated $208.21M.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:11 pm

LVO

PODC

PodcastOne (NASDAQ:PODC), a subsidiary of LiveOne (NASDAQ:LVO), announced its Q4 FY24 and FY24 preliminary results, surpassing revenue estimates with $11.7M and $43.3M respectively, and projecting FY25 revenues between $50M-$55M. The company added 30 new podcasts in FY24, entered a B2B partnership with a Fortune 250 company, and sold TV rights for 'Vigilante'. A live conference call is scheduled for May 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:11 pm

DAL

MCD

MKC

VRNT

Insiders at Delta Air Lines, McDonald's, McCormick & Company, and Verint Systems have recently sold shares. These sales occur amidst various company-specific news, including analyst upgrades and earnings reports. Insider sales can indicate various strategic or personal reasons and should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 12:10 pm