Streetbeat News

Earnings

AAL

DAL

JBLU

LUV

UAL

Airline stocks are experiencing an uptick following Delta's announcement of better-than-expected Q1 earnings, indicating a positive market response.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 10:59 am

DAL

Delta Air Lines' stock price increased following the announcement of their Q1 earnings, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 10:43 am

PSMT

QQQ

SPY

US stock futures are positive ahead of March inflation data, with expectations of a tame reading potentially pushing the S&P 500 to retest highs. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) showed slight premarket movements. Analysts anticipate the CPI report to act as a catalyst for market direction. Boeing Co. (BA) and PriceSmart, Inc. (PSMT) are also in focus, with PSMT rising post-earnings. Upcoming economic data and Fed speeches are expected to influence market sentiment.

Portfolio Pulse from Shanthi Rexaline

April 10, 2024 | 10:41 am

DAL

Delta Air Lines forecasts a 5-7% increase in Q2 total revenue, a mid-teens operating margin, and an EPS of $2.20-$2.50, slightly above the estimated $2.25.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 10:35 am

DAL

Delta Air Lines has reaffirmed its financial outlook for 2024, projecting earnings per share (EPS) in the range of $6-$7, aligning with analyst estimates of $6.46, and anticipates generating free cash flow between $3 billion and $4 billion.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 10:32 am

DAL

Delta Air Lines reported Q1 adjusted earnings of $0.45 per share, surpassing the $0.36 estimate, and sales of $13.75B, exceeding the $12.57B estimate. This represents a 25% earnings beat and a 9.39% sales beat, with year-over-year earnings and sales growth of 80% and 7.75%, respectively.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 10:31 am

PSCC

PSL

WDFC

WD-40 Company (NASDAQ:WDFC) reported a mixed Q2 FY24 with a slight revenue miss at $139.1 million against a consensus of $140.5 million but saw a 7% Y/Y growth across all trade blocs. The company's EPS of $1.14 beat estimates of $1.11, and it announced a dividend of $0.88 per share. WD-40 also bought back shares worth $5.3 million and is focusing on its core products by selling its U.S. and U.K. Homecare and Cleaning Products portfolio. The FY24 EPS outlook was raised to $5.00-$5.30. WDFC shares dropped 1.51% to close at $255.11.

Portfolio Pulse from Lekha Gupta

April 10, 2024 | 10:22 am

IMOS

ChipMOS reported a Q1 2024 revenue of $169.7M, up 17.7% YoY but down 5.4% from Q4 2023. March 2024 revenue rose to $60.5M, marking a 5.2% increase YoY and 8.8% from February 2024. The company attributes growth to inventory stabilization and demand recovery in memory products.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 10:17 am

DCGO

FAAS

HCAT

JWN

NNDM

NOVA

SGH

SMART Global Holdings Inc. (SGH) reported Q2 results, with earnings of 30 cents per share and an expected Q3 revenue of $300 million, missing estimates. Shares fell 7.4% in pre-market trading. Other stocks like DocGo Inc. (DCGO), DigiAsia Corp. (FAAS), Health Catalyst, Inc. (HCAT), Nano Dimension Ltd. (NNDM), Sunnova Energy International Inc. (NOVA), and Nordstrom, Inc. (JWN) also recorded losses in pre-market trading.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 9:57 am

FAST

Fastenal Company (NASDAQ:FAST) is set to release its Q1 earnings on April 11, 2024, with analysts forecasting an earnings increase to 53 cents per share from 52 cents the previous year, and revenue expected to rise to $1.91 billion from $1.86 billion. Following better-than-expected Q4 results, Fastenal's stock slightly increased. Recent analyst ratings include a Buy from Stifel with a price target of $85, a Neutral from Baird with a target of $77, a Hold from HSBC with a target of $59, and a Hold from Loop Capital with a target of $53.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 9:18 am