Streetbeat News

Earnings

CPB

Campbell Soup Company (NYSE:CPB) reported a slight decline in Q2 FY24 revenue but beat analyst estimates, with a 1.2% year-on-year decrease to $2.46 billion. The company saw a gross margin expansion and an increase in adjusted EBIT. Adjusted EPS also surpassed expectations. Campbell reaffirmed its FY24 outlook and highlighted the anticipated acquisition of Sovos Brands to boost its Meals & Beverages division. Shares rose 2.68% to $44.10.

Portfolio Pulse from Shivani Kumaresan

March 06, 2024 | 2:45 pm

AGCO

BBU

HTZ

NMM

PSHG

Benzinga Insights highlights 5 value stocks in the industrials sector with low P/E ratios, suggesting potential undervaluation. The stocks include Hertz Global Holdings (HTZ), Brookfield Bus Partners (BBU), Navios Maritime Partners (NMM), Performance Shipping (PSHG), and AGCO (AGCO), each with recent financial performance data indicating varying degrees of earnings and dividend yield changes.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 2:41 pm

BOX

MSFT

Box Inc (NYSE:BOX) shares rose after reporting better-than-expected EPS and adding $100 million to its buyback program. Q4 revenue slightly missed estimates, but EPS exceeded expectations. The company also announced an expanded partnership with Microsoft Corp (NASDAQ:MSFT), integrating Box AI with Microsoft Azure OpenAI Service. Analysts from JPMorgan and Citigroup raised their price targets for BOX. The company provided an outlook for Q1 and fiscal year 2025, with revenue projections slightly above and earnings estimates below analyst expectations.

Portfolio Pulse from Adam Eckert

March 06, 2024 | 2:38 pm

CIG

ETR

GNE

TAC

The article highlights five value stocks in the utilities sector with low P/E ratios, indicating potential undervaluation. These stocks include TransAlta, Hawaiian Electric Industries, Genie Energy, Entergy, and Cia Energetica DE Minas, each with recent financial performance data such as earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 2:38 pm

TRC

Tejon Ranch anticipates its 2024 farming operations will face higher production costs, including fuel, fertilizer, pest control, and labor. Additionally, higher almond industry inventory levels are expected, which may negatively impact 2024 selling prices.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 2:27 pm

TRC

Tejon Ranch reported a Q4 2023 EPS of $0.06, a decrease from $0.07 YoY. Revenue for the quarter was $16.167M, down from $17.453M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 2:25 pm

EVGO

EVgo, Inc. (NASDAQ:EVGO) shares surged after reporting Q4 FY23 results with an 83% Y/Y revenue increase to $50.0 million, surpassing analyst expectations. The company saw a 257% Y/Y increase in network throughput and added over 110,000 new customer accounts. Despite an adjusted EBITDA loss of $(14.0) million, the net loss per share of $(0.12) beat forecasts. CEO Badar Khan highlighted the company's profitability at the installed base level and its strong positioning for future growth. EVgo expects FY24 revenue between $220 million and $270 million, with an adjusted EBITDA of $(48) million to $(30) million. Shares rose 13.7% to $3.16 in premarket trading.

Portfolio Pulse from Lekha Gupta

March 06, 2024 | 2:24 pm

ABM

ABM Industries Incorporated (NYSE:ABM) is set to release its Q1 earnings on March 7, 2024, with analysts expecting a decrease in earnings per share from the previous year. The company recently announced a partnership with the Arizona Diamondbacks and Chase Field. ABM offers a dividend yield of 2.18%, equating to a quarterly dividend of 22.5 cents a share. To earn a monthly dividend income of $500, an investor would need to own approximately 6,667 shares, valued around $271,680. The article also explains how dividend yield can fluctuate with stock price and dividend payment changes. ABM's stock fell 1.2% to close at $40.75 recently.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 2:19 pm

BTCUSD

ETHUSD

SPY

Cryptocurrencies including Bitcoin, Ethereum, and Dogecoin face a downturn with $1.15B in potential liquidations. Veteran traders predict a surprise rally for Bitcoin, while Shiba Inu's developer disputes a misquote. Dogecoin's support from Elon Musk keeps it in the spotlight. Ethereum's co-founder sells $100K of ETH amid a dip. US markets show mixed signals with the Fear & Greed Index entering 'Greed' zone and Dow dropping. Nikki Haley's withdrawal from the 2024 Presidential race could favor Trump. US and global politics, economy updates, and tech and EV sector movements, including Tesla's strategies and Rivian's efficiency improvements, are highlighted.

Portfolio Pulse from Akanksha Bakshi

March 06, 2024 | 2:17 pm

Foot Locker has revised its FY24 adjusted EPS forecast to $1.50-$1.70, down from the estimated $1.93, while expecting comparable sales to increase by 1-3%.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 2:16 pm