Streetbeat News

Earnings

DLB

GEN

Dolby Laboratories (NYSE:DLB) announced a dividend payout of $0.30 per share with an annualized yield of 1.44%, payable on February 22, 2024, to shareholders of record as of February 13, 2024. The company has shown a positive trend in dividend per share growth from $0.88 in 2020 to $1.11 in 2023, alongside an increase in earnings per share from $2.99 to $3.57 over the same period. This indicates a strong financial position and a commitment to rewarding shareholders. Dolby's dividend yield is in the middle range compared to its industry peers, with Gen Digital (NASDAQ:GEN) having the highest yield at 2.32%.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:05 pm

TFC

ZION

Zions Bancorp (NASDAQ:ZION) announces a dividend payout of $0.41 per share with an annualized yield of 4.18%, for shareholders on record before February 14, 2024. The company has shown a positive trend in dividend per share from $1.36 in 2020 to $1.64 in 2023, alongside an increase in earnings per share from $2.52 to $5.41 over the same period. This indicates a strong financial health and commitment to rewarding shareholders. Truist Financial (NYSE:TFC) has the highest annualized dividend yield among peers at 5.81%.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:05 pm

HTBK

WASH

Heritage Commerce (NASDAQ:HTBK) announced a dividend payout of $0.13 per share with an annualized yield of 5.38%, maintaining a steady dividend per share of $0.52 from 2020 to 2023. The company's earnings have grown from $0.66 to $1.18 per share over the same period, indicating a strong financial health and potential for future dividend increases. Heritage Commerce's dividend yield is in the middle compared to its industry peers, with Washington Trust Bancorp (NASDAQ:WASH) having the highest yield at 8.45%.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:05 pm

INFY

UBER

Uber Technologies Inc (NYSE:UBER) is expanding its operations in India by introducing scooter and motorbike services to compete with local rival Ola. CEO Dara Khosrowshahi highlighted India as Uber's 'toughest market' and discussed the potential for growth and experimentation with new services, including buses, during a visit to Bangalore. Uber, having recently achieved its first annual profit, sees India as a key market following its withdrawal from China and Southeast Asia. The company also signed a memorandum of understanding with the Open Network for Digital Commerce (ONDC) to standardize online transactions. Uber's Q4 results showed a 15% revenue growth year-on-year, with trips growing 24% to 2.60 billion.

Portfolio Pulse from Anusuya Lahiri

February 22, 2024 | 3:04 pm

ICLR

ICON's shares surged following the announcement of Q4 adjusted EPS results that exceeded expectations, along with the issuance of optimistic FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:04 pm

GTN

Gray Television (NYSE:GTN) is scheduled to release its quarterly earnings report on 2024-02-23, with analysts expecting an EPS of $-0.16. Despite past earnings misses, GTN's stock price has shown resilience, with increases following earnings announcements. However, the stock has declined 34.92% over the last year. Investors will be keenly watching for not just the earnings results but also the company's future guidance, which can significantly impact the stock price.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:02 pm

CLMT

Calumet Specialty Prods (NASDAQ:CLMT) is scheduled to release its quarterly earnings report on 2024-02-23, with analysts expecting an EPS of $-0.39. The company's past performance shows a mix of earnings beats and misses, with the stock price reacting accordingly. Shares are currently trading at $17.12, down 12.01% over the last 52 weeks. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:01 pm

GB

Global Blue Gr Holding (NYSE:GB) is scheduled to release its quarterly earnings report on February 23, 2024, with analysts estimating an EPS of $0.06. The company's past performance shows mixed results with actual EPS meeting or missing estimates in previous quarters. Shares are currently trading at $4.71, down 32.71% over the last 52 weeks. Investors are looking for positive guidance for the next quarter to potentially influence the stock price.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:01 pm

HBM

Hudbay Minerals (NYSE:HBM) is scheduled to release its quarterly earnings report on February 23, 2024, with analysts expecting an EPS of $0.13. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to subsequent drops in share price. Shares are currently trading at $5.35, reflecting a 14.41% increase over the last 52 weeks. Investors are advised to pay attention to the company's guidance for future growth, as it can significantly impact stock price.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:01 pm

DSX

Diana Shipping (NYSE:DSX) is scheduled to release its quarterly earnings report on February 23, 2024, with an estimated EPS of $0.04. Historical data shows mixed results in beating EPS estimates but generally positive stock price reactions post-earnings. Shares are currently trading at $2.91, reflecting a 37.47% decline over the last year. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:01 pm