Streetbeat News

Earnings

VGK

Eurozone wages for Q4 increased by 3.10% year-over-year, a decrease from the revised 5.20% increase in the previous quarter. This slowdown in wage growth could impact European market-focused ETFs.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:53 am

CTRN

Citi Trends reported Q4 adjusted EPS of $0.53, missing the $0.79 estimate, and sales of $215.18M, slightly below the $216.32M estimate. This represents a decrease in earnings and a slight increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:52 am

CAL

Caleres projects its Q1 FY24 net sales to range from flat to a 1% increase compared to the previous year. The company also anticipates its adjusted EPS for Q1 FY24 to be consistent with the figures from Q1 FY23.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:51 am

CAL

Caleres Inc. (NYSE:CAL) reported Q4 adjusted EPS of $0.86, surpassing the $0.85 estimate, marking a 32.31% increase from last year's $0.65. Sales reached $697.12M, slightly above the $694.33M estimate, showing a 0.10% year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:49 am

STRW

Strawberry Fields REIT reported its FY23 revenue at $99.8 million, marking a 7.8% increase year-over-year, although it fell short of the estimated $101.9 million. The company also announced an adjusted Funds From Operations (FFO) of $52.7 million.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:41 am

TSLA

Jim Cramer commented on Tesla Inc. (NASDAQ:TSLA) after its stock rose over 6% following a price increase announcement for the Model Y. Despite the stock's recent poor performance in the S&P 500, Cramer remains neutral. Tesla's stock decline contrasts with the S&P 500's all-time highs in 2024. Goldman Sachs revised Tesla's price projections due to production and sales challenges. Tesla announced a series of price hikes for the Model Y in the U.S. and Europe. Future Fund suggests Tesla could boost its valuation by highlighting its AI projects in earnings reports.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 10:39 am

MMM

SOLV

Solventum, set to spin off from 3M on April 1, 2024, and list on the NYSE as 'SOLV', introduced its 2024 guidance with organic revenue growth between -2% to 0%, adjusted EPS of $6.10 to $6.40, and free cash flow of $700M to $800M.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:36 am

ZKH

ZKH Group reported its Q4 earnings with an EPS of $0.06 and sales totaling $344.22 million.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:26 am

UL

Unilever plc (NYSE:UL) announced plans to separate its Ice Cream business, including top brands like Wall's, Magnum, and Ben & Jerry's, aiming for a more focused growth by operating in four Business Groups. The separation, part of its Growth Action Plan, is expected to complete by end of 2025, alongside a productivity program expected to save €800 million over three years. This strategic move is anticipated to impact 7,500 roles globally and aims for mid-single-digit sales growth and modest margin improvement post-separation.

Portfolio Pulse from Shivani Kumaresan

March 19, 2024 | 10:16 am

XPEV

XPeng forecasts Q1 2024 revenue between RMB5.8B-RMB6.2B, marking a 43.8%-53.7% YoY increase, and vehicle deliveries of 21K-22.5K, up by 15.2%-23.4% YoY.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:15 am