Streetbeat News

Earnings

ASR

Southeast Airport Group (NYSE:ASR) reported Q1 earnings per share (EPS) of $6.21, surpassing the consensus estimate of $4.97 by 25.03%, and a 33.92% increase from last year's $4.64 EPS. Q1 sales reached $449.72M, exceeding estimates of $418.86M by 7.37%, marking a 30.18% increase from the previous year's $345.47M.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 4:57 am

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Jim Cramer highlighted the stock market's positive performance but warned that upcoming Big Tech earnings from Tesla, Meta Platforms, Microsoft, and Alphabet could significantly impact the market's direction. NVIDIA saw a 4% rise after a 10% drop, with Cramer noting its shift from a market leader to underperformer. Despite the volatility and concerns over inflation and geopolitical tensions, some Wall Street veterans remain optimistic about the bull market's continuation.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 3:17 am

ARKK

ARKQ

ARKW

TSLA

ZM

Cathie Wood's Ark Invest capitalized on the recent dip in Tesla Inc's stock by purchasing over $17M worth of shares across three ETFs, signaling confidence ahead of Tesla's Q1 results. Conversely, Ark sold approximately $19.9M in Zoom Video Communications shares, amidst varied analyst ratings and AI advancements by Zoom. Additionally, Ark offloaded shares of 2U Inc and Caterpillar Inc from its ETFs.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 2:42 am

TSLA

Tesla Inc (NASDAQ:TSLA) is set to report its Q1 financial results, with analysts expecting revenue of $22.34 billion and earnings per share of 51 cents. The focus is on demand, future growth plans, and updates on Robotaxis and Model 2. Analysts have mixed views, with some seeing potential for stock support from future growth drivers, while others caution about the company's growth status and recent performance challenges. Price targets vary significantly among analysts. Key concerns include demand, production and delivery figures, the status of the Model 2 and Cybertruck, and recent layoffs.

Portfolio Pulse from Chris Katje

April 22, 2024 | 10:32 pm

REGN

Regeneron will present new and updated data from its genetic medicines portfolio at the ASGCT Annual Conference, including insights from 10 abstracts and results from the Phase 1/2 CHORD trial of DB-OTO for genetic hearing loss.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:56 pm

PEP

PepsiCo Inc (NASDAQ:PEP) is anticipated to report Q1 financial results with expected revenue of $18.08 billion and EPS of $1.52, aiming to continue its streak of beating estimates. However, a Quaker recall and a slowdown in salty snacks sales may impact results. Analysts have mixed views, with Wedbush slightly trimming revenue estimates but maintaining an Outperform rating and a $195 price target. Other analysts from Barclays, Jefferies, and Morgan Stanley have provided optimistic ratings and price targets. Pepsi shares have risen 4% YTD ahead of the earnings report.

Portfolio Pulse from Chris Katje

April 22, 2024 | 9:44 pm

LU

Lufax Holding (NYSE:LU) reported a Q1 2024 GAAP loss of $(0.21) per ADS, with sales of $964M missing the $1.035B estimate, a 34.29% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:34 pm

TRST

Trustco Bank (NASDAQ:TRST) reported Q1 2024 earnings of $0.64 per share, surpassing the $0.60 estimate, but saw a 31.18% decrease from the previous year's $0.93. Sales were $41.421M, missing the $43.130M estimate and marking a 19.78% decrease from last year's $51.634M.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:19 pm

IBTX

Independent Bank Gr (IBTX) reported Q1 2024 adjusted earnings per share of $0.63, surpassing the $0.59 estimate, but missed revenue estimates with $115.809M against the expected $121.391M. This represents a 17.58% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:16 pm

CDTX

Cidara Therapeutics reported Q4 earnings with EPS of $(0.04), surpassing the $(0.10) estimate, and sales of $17.58M, exceeding the $11.54M estimate. This represents significant improvements over the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:12 pm