Streetbeat News

Earnings

MSCI

MSCI Inc reported a 14.8% year-on-year revenue growth to $679.97 million, missing consensus estimates. Adjusted EPS was $3.52, above the consensus of $3.45. Despite upbeat earnings, shares fell 13.4% after the report. Deutsche Bank and Morgan Stanley adjusted their price targets on MSCI, with Deutsche Bank upgrading the stock to Buy.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 11:51 am

AEYE

AudioEye shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:48 am

PERF

Perfect Corp projects its 2024 total revenue growth to be between 12%-16% over 2023, driven by strong demand for its enterprise SaaS solutions and YouCam mobile apps subscriptions.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:48 am

SBT

Sterling Bancorp (NASDAQ:SBT) reported Q1 sales of $15.133M, missing the consensus estimate of $15.460M by 2.12%, marking a 15.71% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:46 am

PRG

PROG Holdings projects Q2 total revenues to be between $550M-$575M, aligning with an estimate of $565.93M, and adjusted EPS to range from $0.65-$0.75, closely matching the estimated $0.69.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:46 am

BIIB

Biogen's shares have seen an increase following the company's announcement of a first-quarter earnings per share (EPS) that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:46 am

PRG

PROG Holdings has increased its FY24 adjusted EPS outlook from $2.70-$3.00 to $2.85-$3.10, surpassing the estimated $2.86. The company also raised its total revenue forecast from $2.235B-$2.335B to $2.285B-$2.36B, slightly above the estimated $2.324B.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:44 am

UCBI

United Community Banks (UCBI) reported Q1 2024 adjusted EPS of $0.52, surpassing the $0.49 estimate, with sales of $238.736M also beating the $232.017M estimate. This represents a slight 1.22% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:44 am

FSV

FirstService (NASDAQ:FSV) reported Q1 2024 earnings of $0.67 per share, missing the consensus estimate of $0.73 by 8.22%. However, their quarterly sales of $1.158 billion exceeded the estimate of $1.124 billion by 3.02%, marking a 13.75% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:41 am

LAD

Lithia Motors, Inc. (NYSE:LAD) reported a 23% year-on-year sales growth for Q1 FY24, with sales of $8.56 billion surpassing analyst estimates. New and used vehicle revenues saw significant increases, while GreenCars and Driveway Finance Corporation also reported growth. However, gross margin contracted, operating income fell by 9.9%, and adjusted EPS missed analyst expectations. The company announced a dividend and has a significant share repurchase authorization remaining. Shares fell 3.55% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 24, 2024 | 11:40 am