Streetbeat News

Earnings

SNPS

Synopsys shares are trading lower due to the Q1 financial results reported by Cadence Design Systems, indicating a market reaction based on the performance of a key player in the same sector.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:17 am

CDNS

Cadence Design System's shares dropped following the company's announcement of Q2 adjusted EPS and sales guidance below expectations.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:16 am

BANC

Banc of California reported a significant decrease in its Q1 adjusted EPS to $0.19 from $1.03 year-over-year. Net interest income also fell to $239.1M from $279.3M in the same period.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:10 am

PII

Polaris anticipates a decrease in 2024 sales by 5%-7% year-over-year and expects adjusted diluted EPS to fall by 10%-15% YoY. The company aims to maintain sound execution amidst an uncertain macro environment, focusing on managing dealer inventory, customer delivery, operational improvements, and driving profitable growth.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:10 am

SAP

SAP shares are trading higher following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:09 am

NVS

Novartis shares are trading higher following the announcement of better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:09 am

PII

Polaris (NYSE:PII) reported Q1 adjusted earnings of $0.23 per share, surpassing the $0.06 estimate, but its sales of $1.74B fell short of the $1.75B estimate. This represents a significant decrease in both earnings and sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:07 am

LKQ

LKQ Corporation projects its adjusted earnings per share (EPS) for fiscal year 2024 to be in the range of $3.90 to $4.20, compared to the analyst estimate of $4.04.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:07 am

SPOT

Spotify shares are trading higher following the release of their Q1 financial results, indicating a positive market response.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:06 am

SPOT

Spotify reported its Q2 earnings with total revenue reaching €3.8 billion, total monthly active users (MAUs) hitting 631 million, and total premium subscribers reaching 245 million.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:06 am