Streetbeat News

Earnings

EFX

Equifax shares dropped following the announcement of Q1 sales results that fell short of expectations. The company also provided Q2 and FY24 adjusted EPS and revenue guidance that was below analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:19 pm

DFS

Discover Financial Services reported a Q1 2024 GAAP EPS of $1.10 and total revenue net of interest expense of $4.210B, surpassing the estimated $4.074B.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:19 pm

ACAD

Acadia Pharmaceuticals Inc. (NASDAQ:ACAD) announced its participation in the 2024 American Academy of Neurology Annual Meeting in Denver, CO, presenting new clinical data on DAYBUE™ (trofinetide) for Rett syndrome. The data includes outcomes from the DAFFODIL™ Phase 2/3 study and caregiver interviews from multiple studies on Rett syndrome treatment with trofinetide. Rett syndrome, a rare neurodevelopmental disorder affecting 5,000-9,000 U.S. patients, shows potential treatment benefits from DAYBUE™, which aims to enhance neuronal synaptic function.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:19 pm

CCI

Crown Castle (NYSE:CCI) reported Q1 AFFO per share of $1.72, meeting analyst expectations, and sales of $1.64B, slightly above the $1.63B estimate. This represents a 9.95% decrease in earnings and a 7.45% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:18 pm

REXR

Rexford Industrial Realty (REXR) reported Q1 core FFO of $0.58 per share, surpassing the $0.57 estimate, marking an 11.54% increase from last year. However, their sales of $210.99M slightly missed the $211.56M estimate, yet showed a 13.95% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:17 pm

BAC

C

CFG

KRE

PNC

USB

WFC

XLF

Investor reactions to U.S. bank Q1 earnings have been mixed, with some stocks declining and others gaining. Citigroup, Wells Fargo, Bank of America, PNC Financial, Citizens Financial Group, and U.S. Bancorp reported varying results, impacting their stock prices differently. The SPDR Financial Select Sector ETF and the SPDR S&P Regional Banking ETF have seen declines. JPMorgan Chase analysts predict a challenging quarter ahead for banks, with a decline in net interest income and weak loan performance. The focus is on banks' ability to reduce deposit costs amid potential Federal Reserve rate cuts.

Portfolio Pulse from Surbhi Jain

April 17, 2024 | 8:15 pm

EFX

Equifax has provided guidance for Q2 and FY24, projecting lower than estimated adjusted EPS and revenue. For Q2, the adjusted EPS is expected to be between $1.65 and $1.75, compared to the $1.87 estimate, with revenue projections of $1.41B to $1.43B against a $1.44B estimate. For FY24, the adjusted EPS forecast is $7.20 to $7.50, below the $7.64 estimate, and revenue is anticipated to be between $5.67B and $5.77B, compared to the $5.78B estimate.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:14 pm

EOLS

Evolus, Inc. (NASDAQ:EOLS) announced the publication of Phase 2 study results in the Aesthetic Surgery Journal, demonstrating the safety and 6-month duration of effect of its 'extra-strength' 40U Jeuveau formulation for treating moderate to severe glabellar lines. The study, which compared Jeuveau 40U against two active controls (BOTOX 20U and Jeuveau 20U), showed a similar safety profile across all groups, with the majority of adverse events being mild and no serious adverse events reported. This data was presented at the 2023 ASDS Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:13 pm

EFX

Equifax reported its Q1 2024 adjusted earnings per share (EPS) at $1.50, surpassing the analyst estimate of $1.44.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:12 pm

AA

Alcoa projects its full-year alumina production to be between 9.8 million and 10 million metric tons, with alumina shipments expected to range from 12.7 million to 12.9 million metric tons.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:12 pm