Streetbeat News

Earnings

VRT

Vertiv Holdings has increased its forecast for FY24 adjusted EPS to $2.29 - $2.35, up from the previous range of $2.20-$2.26, compared to analyst expectations of $2.30.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:01 am

TMO

Thermo Fisher Scientific (TMO) reported Q1 2024 adjusted EPS of $5.11, surpassing the $4.71 estimate, and sales of $10.340B, exceeding the $10.170B estimate. This represents a 1.59% increase in EPS and a 3.45% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:00 am

VRT

Vertiv Holdings has increased its FY24 revenue guidance to a range of $7.54B to $7.69B, up from the previous forecast of $7.515B to $7.655B, compared to analysts' expectations of $7.63B.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:00 am

VRT

Vertiv Holdings (VRT) reported Q1 adjusted EPS of $0.43, surpassing the $0.36 estimate, and sales of $1.64B, exceeding the $1.62B estimate. This represents a 79.17% increase in EPS and a 7.75% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:56 am

NVS

Novartis and Medicines for Malaria Venture announced positive results from the Phase 2/3 CALINA study, showing that their formulated Coartem for babies under 5kg with malaria has the necessary pharmacokinetic profile, efficacy, and safety.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:37 am

EDU

New Oriental Education (EDU) forecasts Q4 FY2024 revenue between $1.102B and $1.127B, indicating a 28% to 31% year-over-year increase. The revenue increase in Renminbi is expected to be 34% to 37%.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:26 am

EDU

New Oriental Education (EDU) reported Q3 2024 adjusted EPS of $0.63, missing the $0.79 estimate, but sales of $1.207B exceeded the $1.105B estimate. This represents a 12.5% increase in EPS and a 60.09% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:22 am

LYG

Lloyds Banking Group (NYSE:LYG) reported a significant increase in Q1 EPS to $0.22, up from $0.11 YoY, despite a decrease in sales to $4.04B from $5.82B YoY.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:19 am

GPI

Group 1 Automotive (NYSE:GPI) reported Q1 adjusted EPS of $9.49, surpassing the $9.38 estimate, and sales of $4.47B, exceeding the $4.38B estimate. This represents a 13.17% decrease in EPS and an 8.26% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:03 am

LAD

Lithia Motors (NYSE:LAD) reported Q1 adjusted earnings of $6.11 per share, missing the $7.89 estimate, a 27.61% decrease from last year. Sales were $8.56B, slightly above the $8.54B estimate, marking a 22.69% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:03 am