Streetbeat News

Earnings

WIT

Wipro's stock price increased after the company reported its fourth-quarter earnings.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 10:35 am

WIT

Wipro reported a Q4 revenue of INR228.612 billion, a decrease from INR238.215 billion year-over-year. Earnings per share (EPS) also fell to INR5.41 from INR5.60 in the same period.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 10:33 am

HBAN

Huntington Bancshares reported its Q1 2024 adjusted earnings per share (EPS) of $0.28, surpassing the analyst consensus estimate of $0.25 by 12%.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 10:32 am

NFLX

Netflix shares are trading lower following the release of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 10:32 am

RF

Regions Financial (NYSE:RF) reported Q1 2024 earnings of $0.44 per share, missing the consensus estimate of $0.45 by 2.22%. Quarterly sales were $1.797 billion, exceeding the estimate of $1.747 billion by 2.83%, but representing a 7.94% decrease from the previous year's $1.952 billion.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 10:04 am

BGLC

RWOD

WLGS

Wang & Lee Group, Inc. (WLGS) shares surged 37.7% in pre-market trading after reporting improved FY23 financial results, with a reduced loss per share and increased revenue. Other stocks also showed significant movement in pre-market trading, with notable gainers including Redwoods Acquisition Corp. (RWOD), Zhongchao Inc. (ZCMD), and Trio Petroleum Corp. (TPET), among others. On the losing side, BioNexus Gene Lab Corp. (BGLC) and Tian Ruixiang Holdings Ltd (TIRX) saw significant drops, alongside other decliners.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 9:45 am

NFLX

Netflix, Inc. (NASDAQ:NFLX) shares dropped after its Q1 earnings release, despite beating estimates on earnings, revenue, and subscriber numbers. The company warned of a potential sequential subscriber decline in Q2 and issued below-consensus revenue guidance. Netflix also announced it would stop providing quarterly paid membership numbers starting in 2025/Q1, raising concerns about transparency in paid membership growth. Analysts highlighted Netflix's solid business performance but questioned its growth potential as a 'true tech company', citing the temporary nature of password sharing crackdown benefits and a cautious approach to AI and live sports.

Portfolio Pulse from Shanthi Rexaline

April 19, 2024 | 8:44 am

NFLX

Netflix Inc. (NASDAQ:NFLX) announced it will stop disclosing quarterly subscriber counts starting Q1 2025, aiming to focus on key business metrics. This decision comes after Netflix reported a significant subscriber growth of 9.3 million in Q1, surpassing expectations with a total of 269.6 million subscribers worldwide. The move has led to a decrease in Netflix's stock price, as analysts express concerns over the potential impact on investor confidence and the ability to model the company's future performance.

Portfolio Pulse from Benzinga Neuro

April 19, 2024 | 6:47 am

BLX

Banco Latinoamericano reported Q1 2024 earnings of $1.40 per share, surpassing the $1.14 estimate, with sales of $72.600M exceeding the $57.810M forecast, marking a 22.64% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 6:29 am

AXP

ISRG

NFLX

PG

SLB

U.S. stock futures traded lower with focus on earnings reports from Procter & Gamble, Intuitive Surgical, American Express, Netflix, and Schlumberger. Procter & Gamble is expected to report earnings of $1.41 per share. Intuitive Surgical reported better-than-expected Q1 results. American Express is anticipated to post earnings of $2.95 per share. Netflix reported strong earnings and subscriber growth. Schlumberger is expected to report earnings of 75 cents per share.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 6:17 am