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Earnings

ARE

Alexandria Real Estate Equities has reaffirmed its 2024 adjusted funds from operations (FFO) midpoint at $9.47, indicating confidence in its financial outlook.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:11 pm

ZION

Zions Bancorp reported Q3 2024 earnings per share of $1.37, surpassing the analyst estimate of $1.17. The company's sales reached $798 million, exceeding the expected $778.857 million and marking a 4.31% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:11 pm

SAP

SAP projects a significant increase in cloud revenue for 2024, expecting €17.0 billion to €17.3 billion, up from €13.66 billion in 2023, marking a 24% to 27% growth at constant currencies. The effective tax rate is anticipated to rise to approximately 32% from 30.3% in 2023.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:11 pm

ARE

Alexandria Real Estate reported Q3 2024 earnings per share of $2.37, meeting analyst expectations. The company's sales were $791.6 million, surpassing the $765.52 million estimate and marking a 10.9% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:11 pm

SAP

SAP has raised its FY24 non-IFRS operating profit forecast to €7.8 billion – €8.0 billion, up 20% to 23% from 2023, and increased the midpoint by €150 million. The free cash flow outlook is set at €3.5 billion – €4.0 billion.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:10 pm

SAP

SAP has updated its financial outlook for 2024, projecting increased cloud and software revenue, operating profit, and free cash flow at constant currencies. The company expects cloud and software revenue to rise by 10% to 11%, operating profit by 20% to 23%, and cloud revenue by 24% to 27%.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:09 pm

EFSC

Enterprise Financial Services (NASDAQ:EFSC) reported Q3 2024 earnings per share of $1.29, surpassing the analyst estimate of $1.14. The company's sales were $164.889 million, exceeding the expected $158.470 million and marking a 7.26% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:09 pm

WASH

Washington Trust Bancorp reported Q3 2024 earnings per share of $0.64, surpassing the analyst estimate of $0.56. Sales were $32.262 million, also beating the estimate of $31.628 million. Despite beating estimates, both EPS and sales showed a decline compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:09 pm

TRST

Trustco Bank (NASDAQ:TRST) reported Q3 2024 earnings per share of $0.68, surpassing the analyst estimate of $0.53 by 28.3%. Sales were $43.579 million, exceeding the $40.970 million estimate but down 6.87% from last year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:07 pm

SAP

SAP reported its Q3 2024 financial results, with adjusted EPS of €1.23 beating the estimate of €1.22, while sales of €8.470 billion slightly missed the estimate of €8.479 billion.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:07 pm