Streetbeat News

Earnings

CAG

ConAgra Brands Inc (NYSE:CAG) reported better-than-expected Q3 financial results, with a 5.4% increase in stock price to close at $30.64. The company offers a 4.57% annual dividend yield, equating to $1.40 per year. To earn $500 monthly from dividends, an investment of approximately $131,323 is needed. ConAgra reaffirmed its FY24 outlook with an expected organic net sales decrease of 1-2% and adjusted EPS of $2.60-$2.65.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 12:42 pm

QQQ

UUP

The U.S. labor market saw significant growth in March, with 303,000 nonfarm payrolls added, surpassing expectations and marking the highest increase in 10 months. This robust job growth dampens hopes for Federal Reserve interest rate cuts. The unemployment rate dropped to 3.8%, and average hourly earnings growth aligned with predictions. The strong jobs report led to a rise in the U.S. dollar index and Treasury yields, while futures on U.S. major averages trended higher.

Portfolio Pulse from Piero Cingari

April 05, 2024 | 12:38 pm

RPM

RPM International Inc. (NYSE:RPM) reported a slight increase in Q3 FY24 sales and exceeded EPS expectations. The company anticipates flat sales and higher adjusted EBIT for Q4 FY24, with revenue and EBIT growth for FY24 expected to meet previous forecasts. Shares fell 5.8% following the announcement. Analysts from Baird and Mizuho adjusted their price targets on RPM, reflecting a positive outlook.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 12:36 pm

GBX

The Greenbrier Companies updates its fiscal 2024 guidance, projecting revenues of $3.5B-$3.7B, which aligns closely with the $3.52B estimate. The company anticipates delivering 23,500 – 25,000 units, including about 1,400 units in Brazil. Capital expenditures are expected to be around $140 million in Manufacturing and $15 million in Maintenance Services. Gross leasing investment is estimated at $350 million in Leasing & Management Services. Proceeds from equipment sales are forecasted to be approximately $75 million.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:34 pm

GBX

Greenbrier Companies (NYSE:GBX) reported Q2 earnings of $1.03 per share, surpassing the $0.86 estimate, and sales of $862.70M, exceeding the $843.28M estimate. This represents a 4.04% increase in earnings and a 23.11% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:33 pm

SPY

The Average Hourly Earnings year-over-year for March showed an increase of 4.1%, which was in line with the expectations.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:30 pm

SPY

The Average Hourly Earnings for February showed a month-over-month increase of 0.3%, aligning with expectations and marking an increase from the previous month's 0.2%.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:30 pm

BYRN

Byrna Technologies' shares surged following the announcement of higher-than-expected Q1 revenue and a transition in the CFO position. The company's financial performance and executive team changes have positively impacted investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:14 pm

AAPL

HNHPF

Foxconn, a major supplier for Apple, reported a 9% decline in its first-quarter revenue for 2024, totaling $41.2 billion. Despite the drop, Foxconn anticipates revenue growth in the second quarter. Apple, facing its first revenue and EPS decline in a decade due to falling iPhone sales, plans to launch more affordable AirPods to potentially boost sales and Foxconn's production.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 12:11 pm

BYRN

GRIN

QH

In Friday's pre-market session, several industrials stocks showed notable movements. Grindrod Shipping Holdings led the gainers with a 25.2% increase, while Quhuo experienced the largest drop among the losers, falling 12.6%. Other notable movers include Lichen China and Pixie Dust Technologies with significant gains, and SolarMax Technology and noco-noco among the losers. Byrna Technologies also rose after releasing Q1 earnings.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 12:09 pm