Streetbeat News

Earnings

LVS

Las Vegas Sands shares are trading lower despite reporting better-than-expected Q1 results.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:13 am

VNTRD

Vertex Energy anticipates exceeding its Q1 2024 conventional throughput guidance with 64,000 bpd, due to better capacity utilization. Renewable throughput meets expectations, with a significant 28% increase in crack spreads on refined products from Q4 2023. The company also projects an 11% reduction in direct operating expenses and a 29% cut in capital expenditures.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:06 am

TLSA

Tiziana Life Sciences announced new quantitative PET imaging data on Foralumab at the American Academy of Neurology meeting. This development could indicate progress in their research and potential for future clinical applications.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:06 am

IRDM

Iridium Communications (IRDM) has reiterated its FY24 financial outlook, expecting service revenue growth of 4%-6%, OEBITDA of $460M-$470M, cash taxes under $10M through 2026, and a reduction in net leverage to below 2.5 times OEBITDA by end of 2026.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:05 am

GPC

Genuine Parts Company (GPC) has increased its FY24 adjusted diluted EPS forecast to $9.80-$9.95, up from the previous range of $9.70-$9.90, surpassing the estimated $9.78. The company also reaffirmed its revenue growth projection of 3% to 5%.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:03 am

OCUL

Ocular Therapeutix announced positive Phase 1 results for AXPAXLI in treating diabetic retinopathy, with no inflammation observed and promising efficacy signals. The company plans to present these results at an upcoming meeting.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:03 am

IRDM

Iridium Communications Inc. (IRDM) reported Q1 earnings of $0.16 per share, surpassing the consensus estimate of $0.15, marking a 100% increase from the previous year. Q1 sales were $203.85M, exceeding estimates of $193.75M but slightly down by 0.69% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:02 am

BX

Blackstone (NYSE:BX) reported Q1 2024 adjusted EPS of $1.11, surpassing the $0.97 estimate, with sales of $3.69B exceeding the $2.49B estimate. This represents a 48.32% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:01 am

MMC

Marsh & McLennan reported Q1 2024 adjusted EPS of $2.89, surpassing the $2.80 estimate, with sales of $6.473B exceeding the $6.391B forecast, marking a 9.27% year-over-year increase.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:01 am

GPC

Genuine Parts reported Q1 adjusted earnings of $2.22 per share, surpassing the $2.16 estimate, marking a 3.74% year-over-year increase. However, their Q1 sales of $5.78 billion fell short of the $5.84 billion estimate, a slight 0.31% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 10:58 am