Streetbeat News

Earnings

TSLA

Tesla has announced a cost-cutting exercise aimed at increasing operational efficiency and a commitment to reducing company-wide costs, including the cost of goods sold (COGS) per vehicle.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:10 pm

TSLA

Tesla shares are trading higher following the release of their Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:09 pm

MAT

Mattel has provided guidance for its FY24 adjusted earnings per share (EPS), projecting a range of $1.35 to $1.45, compared to the analyst estimate of $1.39. This forecast suggests a potential for Mattel's performance to either exceed or fall short of market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:09 pm

TSLA

Tesla reported a GAAP gross margin of 17.4% for Q1, indicating its profitability from core operations before administrative expenses.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:09 pm

TSLA

Tesla reported that its profitability was affected by a reduced Average Selling Price (ASP) due to pricing and mix changes, an increase in operating expenses (Opex), and a decline in vehicle deliveries. However, these negative impacts were partially offset by a lower cost per vehicle, higher Full Self-Driving (FSD) revenue recognition, and benefits from the Inflation Reduction Act (IRA) credit.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:08 pm

ENPH

Enphase Energy (ENPH) reported Q1 2024 adjusted EPS of $0.35, missing the $0.40 estimate, and sales of $263.30M, below the $281.95M estimate. This represents a 63.73% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:08 pm

V

Visa reported Q2 2024 adjusted earnings of $2.51 per share, surpassing the consensus estimate of $2.44. Sales reached $8.775 billion, exceeding expectations and marking a 9.89% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:07 pm

STX

Seagate Tech Holdings projects its Q4 2024 adjusted EPS to be $0.70 ± $0.20, surpassing the estimated $0.57. Revenue is expected to be $1.85B ± $150M, slightly above the $1.836B estimate.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:07 pm

TSLA

Tesla reported a 2% year-over-year decrease in Q1 total production to 433,371 units and a 9% drop in total deliveries to 386,810 units.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:06 pm

MAT

Mattel reported Q1 2024 adjusted EPS of $(0.05), surpassing the $(0.12) estimate, but its sales of $810M fell short of the $831.8M forecast, marking a 0.56% year-over-year decline.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:06 pm