Streetbeat News

Earnings

BTI

British American Tobacco (BTI) reported its FY24 sales at £27.283 billion, marking a 1.3% decrease year-over-year but showing a 3.1% increase on an organic basis.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 10:18 am

HMC

Honda Motor Co (NYSE:HMC) reported a Q3 EPS of $0.35, up 6.67% from $0.33 YoY, with sales reaching $36.49B, a 16.07% increase from $31.43B YoY.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 10:01 am

ACLS

APPS

GPRO

NYXH

PYPL

RPD

SANA

ZIM

PayPal Holdings, Inc. (NASDAQ:PYPL) shares fell 8.3% in pre-market trading after reporting Q4 results with earnings in line with last year's, contrary to analyst expectations for higher earnings. Other stocks like Digital Turbine, Inc. (NASDAQ:APPS), Axcelis Technologies, Inc. (NASDAQ:ACLS), Rapid7, Inc. (NASDAQ:RPD), GoPro, Inc. (NASDAQ:GPRO), Nyxoah S.A. (NASDAQ:NYXH), ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), and Sana Biotechnology, Inc. (NASDAQ:SANA) also recorded losses in pre-market trading due to various reasons including financial results and public offering pricing.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 9:49 am

ARES

AZN

MT

Numerous companies are scheduled to report their quarterly earnings on February 8, 2024, with a mix of expected profits and losses across various sectors. Notable mentions include Ares Management, ArcelorMittal, and AstraZeneca among others, indicating a broad spectrum of financial health and industry performance.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 9:43 am

DIS

Disney's Indian subsidiary, Star India, reported a 144% increase in operating losses to $315 million in Q3 2023, largely due to costs associated with the ICC Men's Cricket World Cup. Despite this, Star India's sports revenue rose by 71% to $399 million, driven by effective monetization and increased advertising revenue during the event.

Portfolio Pulse from Utkarsh Roshan

February 08, 2024 | 9:40 am

UL

Unilever's stock is trading higher following the announcement of its full-year FY24 results and the initiation of a new share buyback program.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:15 am

SFTBY

SoftBank Group Corp (OTC:SFTBY) reported a significant turnaround with its Vision Fund posting a $4.35 billion gain in the December quarter of fiscal year 2023, marking its highest gains in nearly three years. This recovery follows a challenging period where the Vision Fund suffered a record loss of approximately $32 billion in the previous fiscal year. The gains were largely attributed to the resurgence in tech company valuations and a profitable sale of shares in Arm Holdings, a majority-owned chip designer by SoftBank.

Portfolio Pulse from Benzinga Neuro

February 08, 2024 | 9:04 am

DIS

GOOG

NFLX

The Walt Disney Co. (NYSE:DIS) announced plans to intensify its crackdown on Disney+ password sharing, following Netflix Inc.'s (NASDAQ:NFLX) lead. Disney CFO Hugh Johnston revealed during the Q1 earnings call that accounts suspected of password sharing will soon require users to create their own subscriptions. Additionally, Disney+ will offer the option to add users outside a household for an extra fee, similar to Netflix, though this feature will be introduced later in the year. The company does not expect significant benefits from these initiatives until the latter half of 2024. Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) has also started enforcing similar restrictions on YouTube Premium family subscriptions.

Portfolio Pulse from Rounak Jain

February 08, 2024 | 8:56 am

UL

Unilever anticipates its FY24 underlying sales growth to fall within its long-term target range of 3% to 5%, aiming for a more balanced contribution from both volume and price increases.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 8:45 am

UL

Unilever (NYSE:UL) reported a 3.7% increase in adjusted EPS to $2.80 from $2.70 YoY and a 1.71% increase in sales to $64.16B from $63.08B YoY.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 8:44 am