Streetbeat News

Earnings

NTB

Bank of N.T Butterfield (NTB) reported Q1 2024 adjusted EPS of $1.17, surpassing the $0.97 estimate, with sales of $142.8M also beating the $137.323M forecast. However, both earnings and sales saw a decrease compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:55 pm

LRN

Stride, Inc. (LRN) shares surged following the announcement of its Q3 financial results, which exceeded expectations. Additionally, the company provided FY24 revenue guidance that surpassed analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:55 pm

ENPH

Enphase Energy Inc (NASDAQ:ENPH) reported Q1 earnings with revenue and EPS below estimates due to softening US demand. Revenue was $263.3 million against estimates of $281.95 million, and EPS was 35 cents, missing the 40 cents estimate. US revenue dropped 34% year-over-year, while Europe saw a 70% increase. The company anticipates Q2 revenue between $290 million and $330 million, below the expected $350.706 million, with a gross margin of 42% to 45%. Shares fell 5.14% after hours to $107.65.

Portfolio Pulse from Adam Eckert

April 23, 2024 | 8:55 pm

LRN

Stride Inc. projects its FY24 revenue to be between $2.025 billion and $2.040 billion, slightly above the estimated $2.023 billion.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:54 pm

AEYE

AudioEye reported Q1 2024 adjusted EPS of $0.08, surpassing the $(0.08) estimate, with sales of $8.083M exceeding the $8.035M forecast. This represents a 4% year-over-year sales increase.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:54 pm

WFRD

Weatherford International (NASDAQ:WFRD) reported Q1 2024 earnings of $1.50 per share, surpassing the $1.37 estimate, and sales of $1.358B, exceeding the $1.325B estimate. This represents a 54.64% increase in earnings and a 14.50% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:53 pm

LRN

Stride Inc. (LRN) reported Q3 2024 earnings of $1.60 per share, surpassing the consensus estimate of $1.42. Quarterly sales reached $520.8M, exceeding estimates of $507.18M and marking a 10.74% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:53 pm

HIW

Highwoods Properties (HIW) reported Q1 2024 FFO of $0.89 per share, meeting analyst estimates, and sales of $211.275M, exceeding expectations by 2.17%. However, this reflects a 9.18% decrease in earnings and a 0.69% decrease in sales from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:51 pm

WNEB

Western New England (WNEB) reported Q1 2024 earnings of $0.14 per share, surpassing the $0.12 estimate, with sales of $18.018M also beating the $15.850M estimate. However, this represents a 16.13% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:49 pm

NFLX

Netflix Inc (NASDAQ:NFLX) shares increased by 4.17% to $577.75 following a strong first quarter earnings report. Revenue was up 14.8% year-over-year at $9.37 billion, with earnings per share at $5.28, surpassing estimates of $4.51. The company added 9.33 million paid subscribers, reaching a total of 269.60 million, a 16.0% increase from the previous year. Wall Street analysts rate Netflix as an Outperform, with Macquarie's Tim Nollen predicting a 45.12% rise in the stock in the coming year. Over the past three months, Netflix's stock rose 4.49%, reflecting improved investor sentiment.

Portfolio Pulse from Henry Khederian

April 23, 2024 | 8:47 pm