Streetbeat News

Earnings

AA

Alcoa Corporation (NYSE:AA) reported Q1 financial results with a loss of 81 cents per share and revenue of $2.6 billion, surpassing the $2.56 billion analyst consensus. The company saw a 6% increase in third-party alumina revenue but a 3% decrease in aluminum revenue. Alumina production fell by 4%, while aluminum production remained steady. Alcoa announced the acquisition of Alumina Limited, aiming for strategic benefits and announced positive outlooks for alumina production and shipments. Alcoa shares rose 3.52% in after-hours trading.

Portfolio Pulse from Erica Kollmann

April 17, 2024 | 8:39 pm

COF

DFS

Discover Financial Services (NYSE:DFS) reported Q1 revenue of $4.21 billion, a 13% increase year-over-year, beating estimates. Earnings per share were $1.10, down from last year. Total loans grew to $126.6 billion, with credit card loans at $99.5 billion. The net charge-off rate rose to 4.92%. A merger with Capital One Financial Corporation (NYSE:COF) is in progress, aiming to create a larger banking and payments organization.

Portfolio Pulse from Chris Katje

April 17, 2024 | 8:39 pm

LBRT

Liberty Energy anticipates a low double-digit sequential growth in Q2 revenue and maintains its expectation for strong cash flow generation in 2024. This outlook reflects the company's positive performance and strategic financial planning.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:38 pm

BDN

Brandywine Realty Trust (BDN) reported Q1 2024 FFO EPS of $0.24, meeting analyst estimates, but missed sales forecasts with $126.484M against the expected $126.949M, marking a 2.12% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:37 pm

FNB

F N B Corporation (FNB) reported Q1 adjusted earnings per share of $0.34, meeting analyst estimates but marking a 15% decrease from the previous year. Quarterly sales were $406.87M, slightly missing the $406.96M estimate and showing a 2.20% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:36 pm

LBRT

Liberty Energy (NYSE:LBRT) reported Q1 earnings of $0.48 per share, missing the consensus estimate of $0.54, and a 46.67% decrease from last year's $0.90. Sales were $1.07B, missing the $1.08B estimate and marking a 14.98% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:32 pm

MCRI

Monarch Casino & Resort (MCRI) reported Q1 2024 earnings of $0.93 per share, missing the consensus estimate of $0.98 by 5.1%. Quarterly sales were $121.657M, slightly below the estimate of $122.320M by 0.54%, yet representing a 4.30% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:32 pm

EFX

NEOV

XELA

In Wednesday's after-market session, several industrials stocks saw significant movements. NeoVolta, Earlyworks Co, Exela Technologies, Roma Green Finance, Ideanomics, and Getaround were among the gainers, with increases ranging from 4.22% to 10.6%. On the downside, Ryde Group, Equifax, Nauticus Robotics, Agrify, AERWINS Technologies, and Lucas GC experienced declines between 3.62% and 6.1%. Notably, Exela Technologies and Equifax released their Q1 earnings, while Agrify released its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 8:31 pm

FNLC

The First Bancorp reported a decrease in its Q1 earnings per share (EPS) to $0.54 from $0.72 year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:29 pm

MMLP

Martin Midstream Partners (MMLP) reported Q1 2024 GAAP EPS of $0.08, surpassing the $0.07 estimate, but its sales of $180.830M fell short of the $198.797M estimate, marking a 26.05% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:28 pm