Streetbeat News

Earnings

USB

US Bancorp reported a Q1 provision for credit losses of $553 million, an increase from $427 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:49 am

BKU

BankUnited (NYSE:BKU) reported Q1 earnings of $0.64 per share, surpassing the $0.59 estimate, and sales of $241.73M, exceeding the $239.96M estimate. This represents a slight decrease in both earnings and sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:48 am

USB

U.S. Bancorp reported its Q1 2024 adjusted earnings per share (EPS) at $0.90, surpassing the estimated $0.88. The net revenue was $6.715 billion, which was in line with expectations.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:46 am

IYT

JBHT

QQQN

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) shares fell after reporting Q1 2024 results with a 9% Y/Y decrease in operating revenue to $2.94 billion, missing the $3.12 billion consensus. Operating income dropped 30% Y/Y to $194.4 million, and EPS of $1.22 missed the $1.52 consensus. The company also repurchased $25 million in shares, with $366 million remaining under its authorization. Exposure to JBHT can be gained through IShares Trust IShares U.S. Transportation ETF (BATS:IYT) and VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN).

Portfolio Pulse from Lekha Gupta

April 17, 2024 | 10:44 am

FHN

First Horizon (NYSE:FHN) reported Q1 earnings of $0.35 per share, surpassing the consensus estimate of $0.34, and sales of $819.00M, beating estimates of $809.19M. However, this represents a 22.22% decrease in earnings and a 4.66% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:33 am

CFG

Citizens Financial Group (CFG) reported Q1 adjusted earnings of $0.79 per share, surpassing the consensus estimate of $0.74 by 6.76%. However, earnings decreased by 28.18% from $1.10 per share a year ago. Q1 sales were $1.959 billion, slightly missing the estimate of $1.96 billion by 0.05% and representing a 7.94% decrease from $2.13 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:24 am

CFG

Citizens Financial Group reported a Q1 adjusted EPS of $0.79, surpassing the estimated $0.74.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:22 am

VFS

VinFast Auto has reaffirmed its target to deliver 100,000 electric vehicles (EVs) in the fiscal year 2024. As of March 31, the company reported having cash and equivalents totaling $123.3 million. This outlook is based on the company's current and preliminary view of the business and market conditions, which may change.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:21 am

STLA

Stellantis N.V. (NYSE:STLA) CEO Carlos Tavares warned of a challenging year ahead due to rising prices, raw material costs, and labor disputes. Despite these challenges, shareholders approved the 2023 remuneration report for senior managers with 70% approval. Tavares' compensation faced scrutiny amid cost-cutting and workforce reduction efforts, including voluntary redundancy for 3,000 Italian workers and layoffs in France and the U.S. The company rewarded employees with €1.9 billion for 2023 performance. STLA shares rose 0.35% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 17, 2024 | 10:19 am

VFS

VinFast Auto reported Q1 earnings with a loss of $(0.26) per share, missing the consensus estimate of $(0.22). Sales reached $302.65M, marking a 269.7% increase YoY, primarily from EV sales.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:18 am