Streetbeat News

Earnings

ONB

Old National (NASDAQ:ONB) reported Q1 2024 adjusted EPS of $0.45, surpassing the $0.43 estimate, but its sales of $433.980M fell short of the $439.914M forecast. This represents a 16.67% decrease in earnings and a 4.02% drop in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 12:11 pm

BPOP

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 12:11 pm

ANRO

Alto Neuroscience announced positive Phase 1 results for ALTO-101, a novel PDE4 inhibitor in development for treating schizophrenia. This marks a significant milestone in the company's efforts to address mental health disorders with innovative solutions.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 12:09 pm

IYT

TPOR

UPS

UPS reported mixed Q1 FY24 results with a 5.3% Y/Y revenue decline to $21.7 billion, missing consensus estimates. Adjusted EPS fell to $1.43 from $2.20 but beat the $1.30 consensus. Operating profit dropped significantly, with declines across all segments. Despite this, UPS maintains its 2024 outlook, expecting $92-$94.5 billion in revenue. The company also announced a significant air cargo contract with USPS. UPS shares rose 0.30% in premarket trading. Exposure to UPS can be gained through IYT and TPOR ETFs.

Portfolio Pulse from Lekha Gupta

April 23, 2024 | 12:08 pm

BFI

LKQ

PHM

ZCMD

In Tuesday's pre-market session, 12 consumer discretionary stocks showed significant movement. Gainers included ZHONGCHAO, BurgerFi International, Cango, Uxin, PENN Entertainment, and PulteGroup, with PulteGroup's rise attributed to Q1 earnings release. Losers comprised Secoo Holding, Selina Hospitality, MGO Global, LKQ, Canoo, and Sabre, with LKQ's drop also linked to its Q1 earnings announcement.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 12:06 pm

PFBC

Preferred Bank (NASDAQ:PFBC) reported Q1 2024 earnings of $2.44 per share, surpassing the $2.38 estimate, marking a 40.23% increase from last year. Sales reached $68.5M, beating the $66.879M estimate but showing a 7.07% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 12:06 pm

CALX

CYN

XRX

In Tuesday's pre-market session, several information technology stocks showed significant movement. Cyngn, Alpha Technology Group, ACM Research, Sequans Communications, Gorilla Tech Gr, and Lantronix were among the gainers, with Cyngn leading by a 58.1% increase. On the downside, Calix, Intellicheck, Xerox Holdings, Tungray Technologies, BIO-key Intl, and Cadence Design Sys experienced declines, with Calix dropping 15.8% following its Q1 earnings release.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 12:06 pm

FCX

Freeport-McMoRan (FCX) reported Q1 2024 earnings of $0.32 per share, surpassing the $0.27 estimate, with sales of $6.32B also beating the $5.66B estimate. This represents a 17.29% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 12:05 pm

APA

NOG

XOM

Wall Street's most accurate analysts have provided updates on three energy stocks with over 3% dividend yields: APA Corporation, Exxon Mobil Corporation, and Northern Oil and Gas, Inc. These updates include maintained ratings and raised price targets, reflecting a positive outlook on these companies' financial performance and dividend payouts. Upcoming financial results and corporate activities such as conference calls, financial results announcements, and updates on hedging results and stock repurchases are highlighted.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 12:03 pm

WRB

WR Berkley reported a Q1 2024 operating income per share of $1.56, surpassing the estimated $1.50. The company also recorded net premiums written of $2.85 billion.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 12:01 pm