Streetbeat News

Earnings

GATX

GATX Corporation's stock is trading higher following the announcement of their fourth-quarter financial results, which exceeded expectations. Additionally, the company provided earnings per share (EPS) guidance for the fiscal year 2024 that surpasses analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:52 pm

VRTX

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) stock price is currently $438.11, having dropped by 0.45% in the current market session. Despite this, VRTX has seen a 7.36% increase over the past month and a 38.81% rise over the past year. The article discusses the company's P/E ratio in comparison to the Biotechnology industry average, suggesting that VRTX's lower P/E might indicate it is undervalued or expected to perform worse than its peers. The P/E ratio, while useful, should not be the sole metric for investment decisions and should be used alongside other financial metrics and qualitative analysis.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 4:45 pm

BLD

CCS

DHI

GRBK

KBH

LEN

LGIH

MHO

NVR

PHM

TMHC

TOL

TPH

Shares of housing and homebuilders are down following D.R. Horton's mixed Q1 results, indicating a potential negative market sentiment towards the sector.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:36 pm

RTX

RTX Corporation (NYSE:RTX) reported Q4 fiscal 2023 results with a 10% Y/Y increase in adjusted net sales to $19.82 billion, surpassing consensus estimates. Adjusted EPS rose to $1.29, beating expectations. The company saw a strong backlog, share repurchases, and provided a positive outlook for fiscal 2024, with sales projections slightly below consensus but adjusted EPS in line. RTX shares rose 5.86% to $90.00.

Portfolio Pulse from Akanksha Bakshi

January 23, 2024 | 4:29 pm

GCBC

Greene County Bancorp (NASDAQ:GCBC) reported a decrease in quarterly earnings, with EPS at $0.34, down from $0.43 per share year-over-year, marking a 20.93% decline.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:24 pm

IVZ

Invesco's stock price is trading lower following the announcement of their fourth-quarter revenue results, which fell short of market expectations.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:22 pm

UAL

During a conference call, a United Airlines executive stated that international margins are expected to remain higher than domestic margins in 2024, although the difference between the two is anticipated to decrease slightly.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:22 pm

MMM

3M Co (NYSE:MMM) shares dropped after reporting Q1 earnings that slightly beat expectations but disappointed on revenue, with weaker organic growth. BofA Securities analyst Andrew Obin maintained a Neutral rating and $120 price target. Management's guidance for Q1 and 2024 earnings was below consensus estimates. Wall Street consensus views 3M as Neutral, with varied expectations on stock performance.

Portfolio Pulse from Priya Nigam

January 23, 2024 | 4:20 pm

LMT

Lockheed Martin's CEO indicated during a conference call that the software update for the F-35, tied to progress payments on the TR-3 jets, may be delayed from the second quarter to the third quarter of the year.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:19 pm

UAL

During a conference call, a United Airlines executive reported strong performance in the domestic sector.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:19 pm