Streetbeat News

Earnings

DCOM

Dime Community Bancshares (NASDAQ:DCOM) reported Q1 2024 adjusted EPS of $0.38, surpassing the $0.37 estimate, with sales of $81.997M exceeding the $72.425M forecast. This represents a 60% decrease in earnings and a 13.46% decrease in sales from the same period last year.

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April 23, 2024 | 11:21 am

CATC

Cambridge (NASDAQ:CATC) reported Q1 2024 adjusted EPS of $1.02, surpassing the $1.01 estimate, but its sales of $37.638M fell short of the $38.055M forecast. This represents a 37.04% decrease in earnings and a 16.29% drop in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:14 am

FISV

Fiserv shares are trading higher following the announcement of better-than-expected Q1 results and the reiteration of their FY24 guidance.

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April 23, 2024 | 11:13 am

SASR

Sandy Spring Bancorp (SASR) reported Q1 2024 earnings of $0.49 per share, surpassing the $0.45 estimate, but missed sales estimates with $79.343M against the expected $81.060M, marking an 18.46% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:12 am

FISV

Fiserv has updated its 2024 financial outlook, reiterating its organic revenue growth target of 15%-17% and raising its adjusted EPS forecast to $8.60 - $8.75 from the previous $8.55-$8.70, versus an estimate of $8.63. The company's adjusted EPS outlook for 2024 reflects a 14%-16% growth over the 2023 adjusted EPS of $7.52, after accounting for various adjustments including merger and integration costs, severance costs, and amortization of acquisition-related intangible assets. The adjustments aim to provide a clearer picture of the company's operational performance by excluding non-cash or other items that are not indicative of ongoing operations.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:08 am

KMB

Kimberley-Clark has raised its adjusted EPS growth outlook for FY24 to a low-teens percentage rate from its previous forecast of high-single-digit growth.

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April 23, 2024 | 11:07 am

OPCH

Option Care Health has updated its FY2024 Adjusted EBITDA guidance to $430M-$450M, a slight increase from the previous range of $425M-$450M.

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April 23, 2024 | 11:06 am

OPCH

Option Care Health has updated its FY24 net revenue forecast to $4.65B-$4.8B, an increase from its previous guidance of $4.6B-$4.8B, compared to analysts' expectations of $4.71B.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:05 am

KMB

Kimberley-Clark has revised its FY24 organic net sales growth outlook to mid-single digits, an update from the previously forecasted low-to mid-single-digit growth.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:05 am

PM

Philip Morris International (PM) has updated its FY24 adjusted EPS outlook to $6.19-$6.31, below the $6.37 estimate. For Q2, the adjusted EPS outlook is set at $1.50-$1.55, also below the $1.63 estimate. The company reported a range of adjustments including asset impairment, exit costs, and charges related to the war in Ukraine, among others. The adjusted diluted EPS for 2023 is $6.01, with adjustments totaling $0.49. Excluding currency impacts, the adjusted EPS for 2024 is forecasted to be $6.55-$6.67, indicating a growth of 9.0%-11.0%.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:04 am