Streetbeat News

Earnings

PPG

PPG Industries, Inc. (NYSE:PPG) reported mixed Q1 results with earnings per share of $1.86, meeting analyst estimates, but missing sales forecasts with $4.31 billion versus the expected $4.43 billion. The company announced a $2.5 billion stock repurchase program and declared a quarterly dividend of 65 cents per share. CEO Tim Knavish highlighted year-over-year adjusted EPS growth for the fifth consecutive quarter and organic sales growth in key markets. PPG anticipates low single-digit organic sales growth and adjusted earnings of $2.42 to $2.52 per share for Q2, slightly below the $2.55 estimate.

Portfolio Pulse from Erica Kollmann

April 18, 2024 | 8:38 pm

HTH

Hilltop Holdings reported Q1 earnings of $0.42 per share, surpassing the consensus estimate of $0.25 by 68% and marking a 5% increase from the previous year's $0.40 per share.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:37 pm

CHMG

Chemung Financial (NASDAQ:CHMG) reported a decrease in quarterly earnings to $1.48 per share, down from $1.54 per share year-over-year, marking a 3.9% decline.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:34 pm

NFLX

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

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:33 pm

TMO

Thermo Fisher Scientific (NYSE:TMO) has seen a balanced mix of bullish and bearish options trading, with significant activity suggesting a price target range of $530 to $560. The stock is currently trading at $541.52, down by -1.05%, and may be considered oversold based on RSI readings. Analysts have set an average price target of $636.67, with ratings from HSBC, Evercore ISI Group, and Goldman Sachs indicating a positive outlook. The anticipated earnings release in 6 days could influence future stock performance.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 8:32 pm

MCB

Metropolitan Bank's shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:32 pm

GOOG

GOOGL

Alphabet Inc. (GOOG, GOOGL) shares are trading higher ahead of its Q1 earnings report, with BofA Securities highlighting potential revenue upside from YouTube, search stability, and seasonal benefits. The firm also noted Alphabet's controlled costs amid new job cuts in real estate and finance. Alphabet is expected to report quarterly earnings of $1.51 per share on revenue of $78.571 billion. The company has shown a 20.23% growth over the past five years, with a beta of 0.98 indicating low volatility.

Portfolio Pulse from Erica Kollmann

April 18, 2024 | 8:31 pm

LXEH

PEV

ZCMD

In Thursday's after-market session, 12 consumer discretionary stocks saw significant movements. ZHONGCHAO led the gainers with an 82.8% increase, while Lixiang Education Hldg experienced the largest drop among the losers, decreasing by 4.8%. Notable mentions include Phoenix Motor, which rose 13.18% following its Q4 earnings release 3 days ago.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 8:31 pm

MCB

Metropolitan Bank Holding (NYSE:MCB) reported Q1 2024 earnings of $1.46 per share, surpassing the $1.30 estimate, with sales of $66.713M also beating the $64.561M estimate, marking a 1.84% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:31 pm

BHB

Bar Harbor Bankshares (AMEX:BHB) reported Q1 adjusted earnings of $0.66 per share, surpassing the $0.64 estimate, but saw a 23.26% decrease from last year's $0.86. Sales of $36.64M fell short of the $37.38M estimate, marking an 8.60% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:30 pm