Streetbeat News

Earnings

DGIN

INFY

NDIA

Infosys Ltd (NYSE: INFY) reported a slight Q4 revenue growth of 0.2% year-on-year to $4.56 billion, surpassing consensus estimates. EPS was $0.23, beating estimates and up from the previous year. The company announced a significant deal win of $4.5 billion but saw a decline in operating margin and a reduction in employee count. Infosys expects FY25 revenue growth of 1.0% - 3.0%. Despite positive performance, INFY shares fell by 5.60% in premarket trading. Exposure to Infosys can also be gained through VanEck Digital India ETF (DGIN) and Global X India Active ETF (NDIA).

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 1:23 pm

NFLX

Netflix Inc (NASDAQ:NFLX) is in focus as it prepares to report its first-quarter financial results after market close on Thursday. Analysts anticipate earnings of $4.52 per share on revenue of $9.275 billion. Last quarter, Netflix exceeded revenue forecasts but missed on earnings, with a notable 12.8% year-over-year increase in global paid memberships. The company has provided guidance for Q1 with expected revenue of $9.24 billion and EPS of $4.49, alongside an optimistic operating margin forecast for 2024. Ahead of the earnings report, several analysts have upgraded their price targets for Netflix's stock.

Portfolio Pulse from Adam Eckert

April 18, 2024 | 1:22 pm

TSLA

Tesla Inc (TSLA) shares continue to decline, now down about 37.5% YTD, amid workforce cuts and delayed Cybertruck deliveries. The company faces pressure from analysts with lowered ratings and price targets ahead of its earnings report next week, where it's anticipated to report earnings of 52 cents per share and revenue of $22.49 billion. Analysts express concerns over Tesla's cost-cutting measures, demand trends, and potential for its first negative free cash flow quarter since 2020.

Portfolio Pulse from Adam Eckert

April 18, 2024 | 1:21 pm

AXP

COWZ

IBKR

On CNBC's 'Halftime Report Final Trades,' experts highlighted their top picks including Pacer US Cash Cows 100 ETF (COWZ), U.S. 2 Year Treasury Note, American Express (AXP), and Interactive Brokers (IBKR). American Express is anticipated to report an increase in quarterly earnings and revenue on April 19. Interactive Brokers reported better-than-expected Q1 results and raised its dividend. COWZ fell 0.3%, AXP shares dropped 0.3%, while IBKR shares increased by 1.7%.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 1:17 pm

UTZ

Utz Brands, Inc. (UTZ) has announced the sale of two manufacturing facilities to Our Home for $18.5 million, aiming to reduce long-term debt and add cash to its balance sheet. This move is part of Utz's supply chain transformation strategy, reducing its manufacturing facilities from 16 to 8 since 2021. The transactions are expected to close on April 22, 2024, and are anticipated to be accretive to Utz's Adjusted EPS in 2024. Additionally, Utz has completed a repricing of its $630 million Term Loan, reducing the interest rate and expecting to save $2 million annually in cash interest expense.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:14 pm

F

Ford Motor Company (NYSE:F) is anticipated to report Q1 earnings on April 24, with expected earnings of 42 cents per share, down from 63 cents per share year-over-year, and projected revenue of over $40.2 billion, up from $36 billion. Ford's current dividend yield is 4.98%, equating to a quarterly dividend of 15 cents a share. To earn a monthly dividend income of $500, an investor would need to own approximately 10,000 shares, valued at around $120,400. The article also discusses how dividend yields fluctuate with stock prices and dividend payments. Ford's stock fell 0.4% to $12.04 following a recall of around 456,565 vehicles in the U.S.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 1:12 pm

MAN

ManpowerGroup shares are trading higher following the announcement of strong Q2 guidance.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:10 pm

ALK

Alaska Air shares are trading higher following the announcement of better-than-expected Q1 results.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:10 pm

IRDM

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

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:08 pm

BMI

Badger Meter shares surged following the announcement of their Q1 results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:06 pm