Streetbeat News

Earnings

VNO

Vornado Realty Trust's shares saw an increase following the announcement of mixed financial results for Q4.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:49 pm

TSE

Trinseo anticipates a net loss from continuing operations of $77M-$67M and an Adjusted EBITDA of $40M-$50M for Q1 2024. Despite facing demand drops since Q3 2022 and macroeconomic uncertainties, the company expects improved sequential profitability in Q1 2024, attributed to stronger order loads. However, Q1 is seen as the year's low point due to seasonal factors and turnaround activities. Trinseo has undertaken cost reduction and manufacturing footprint initiatives, extended debt maturities to 2028, and plans to enhance manufacturing flexibility and invest in high-value products and sustainable solutions.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:49 pm

TSE

Trinseo reported Q4 earnings with a significant miss on both EPS and sales estimates. The EPS was $(2.99), missing the $(1.33) estimate by 124.81%, and sales were $837.50M, missing the $853.00M estimate by 1.82%. Year-over-year, this represents a 73.84% decrease in EPS and a 14.12% decrease in sales.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 9:47 pm

CAR

Avis Budget Group, Inc. (NASDAQ:CAR) reported mixed Q4 results, with earnings per share of $7.10, surpassing estimates but showing a decrease from the previous year. Quarterly sales of $2.76 billion missed estimates slightly and also decreased year-over-year. Despite this, the company highlighted record full-year revenue of $12 billion for 2023, driven by strong demand. Shares dropped 3.48% in after-hours trading.

Portfolio Pulse from Erica Kollmann

February 12, 2024 | 9:47 pm

BHF

Brighthouse Financial (BHF) reported Q4 2023 adjusted EPS of $2.92, missing the $3.69 estimate, and sales of $2.11B, below the $2.13B estimate. This represents a 13.35% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:46 pm

CETX

Cemtrex (NASDAQ:CETX) reported Q1 2024 earnings with a GAAP EPS of $(1.15), missing the $(0.86) estimate by 33.72%. However, their sales of $16.90M exceeded the $15.79M estimate by 7.02%, marking a 41.19% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:45 pm

JHX

James Hardie Industries projects its adjusted net income for Q4 2024 to be between $165 million and $185 million.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:43 pm

JHX

James Hardie Industries projects its Q4 North American volumes to be between 750M-780M Standard Fleet, with an EBIT margin of 30-32% in the same region.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:42 pm

BLKB

Blackbaud announced its FY24 financial guidance, projecting non-GAAP EPS of $4.12-$4.38, below the $4.57 estimate, and revenue of $1.17B-$1.20B, around the $1.19B estimate. The guidance includes assumptions such as a 24.5% tax rate, $34M-$38M interest expense, 53.5M-54.5M fully diluted shares, and $65M-$75M capital expenditures. Notably, the company expects $8M-$13M net cash outlays for ongoing legal fees related to a 2020 Security Incident.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:42 pm

BLKB

Blackbaud (NASDAQ:BLKB) reported Q4 earnings of $1.14 per share, surpassing the $1.05 estimate, marking a 67.65% increase from last year. However, their sales of $295.01M fell short of the $299.05M estimate, despite being a 7.37% increase from the previous year.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 9:40 pm