Streetbeat News

Earnings

HCSG

Healthcare Services (HCSG) reaffirms its 2024 forecast for adjusted cash flow between $40M-$55M and expects Q2 revenue to be in the range of $420M-$430M, slightly below the consensus estimate of $430.417M.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:11 am

V

Visa Inc. (NYSE:V) shares rose in premarket trading after reporting Q2 2024 earnings of $2.51 per share, surpassing the consensus estimate of $2.44. Payments volume increased by 8%, and cross-border volume grew by 16% on a constant-dollar basis. Quarterly revenues were $8.775 billion, exceeding estimates of $8.627 billion. Visa expects low double-digit net revenue growth and high-end low double-digit EPS growth for Q3, with full-year 2024 expectations in the low double-digits for net revenue and low-teens for EPS growth.

Portfolio Pulse from Nabaparna Bhattacharya

April 24, 2024 | 11:10 am

MAS

Masco Corporation (NYSE:MAS) reported Q1 2024 adjusted EPS of $0.93, surpassing the $0.88 estimate, marking an 8.14% increase from the previous year. However, sales of $1.926B fell short of the $1.939B estimate, a 2.68% decrease year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:06 am

RCI

Rogers Communications Inc. (RCI) reported a 28% year-over-year increase in Q1 revenue, reaching C$4.90 billion. However, its adjusted earnings per share (EPS) decreased to C$0.99 from C$1.09 YoY.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:05 am

TZOO

Travelzoo anticipates its revenue to grow year-over-year in Q2, though at a slower rate compared to 2023. The company's outlook suggests a positive trend in earnings, but with moderated growth expectations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:05 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares surged 12.32% in premarket trading despite missing Q1 earnings and revenue expectations for the third consecutive quarter. The surge is attributed to the core auto gross margin exceeding analyst estimates, possibly due to one-time recognition of revenue from deferred full self-driving (FSD) sales. Despite concerns over potential negative sales growth in 2024, Elon Musk's positive outlook on future sales and the launch of more affordable vehicle models by early 2025 boosted investor confidence. Analysts' reactions were mixed, with BofA Securities upgrading Tesla to Buy, Mizuho Securities maintaining a Neutral rating but lowering the price target, and Needham reiterating a Hold rating.

Portfolio Pulse from Shanthi Rexaline

April 24, 2024 | 11:05 am

SF

Stifel Financial reported Q1 2024 adjusted EPS of $1.49, surpassing the $1.47 estimate, with sales of $1.163B exceeding the $1.137B forecast, marking a 5.06% year-over-year increase.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:04 am

HCSG

Healthcare Services Group (HCSG) reported Q1 2024 adjusted EPS of $0.22, surpassing the $0.19 estimate, marking a 10% increase from the previous year. However, their sales of $423.433M fell slightly short of the $424.949M estimate, despite being an increase from $417.230M last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:04 am

TZOO

Travelzoo reported Q1 earnings of $0.31 per share, surpassing the $0.30 estimate, marking a 34.78% increase from last year. However, their Q1 sales of $21.98M fell short of the $23.70M estimate, a 7.24% miss, though it's a 1.78% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:04 am

ODFL

Old Dominion Freight Line's President and CEO, Marty Freeman, stated that despite prolonged economic challenges, there are signs of improving demand for their services. This suggests that the company is well-positioned to respond to a positive shift in demand.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:04 am