Streetbeat News

Earnings

MTRN

Materion Corporation projects its adjusted earnings per share (EPS) for fiscal year 2024 to be in the range of $6.10 to $6.50, compared to the analyst estimate of $6.29.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:49 am

DNOW

DNOW reported Q4 adjusted EPS of $0.22, surpassing the $0.17 estimate, with sales of $555M also beating the $540.83M estimate. This represents a 12% decrease in EPS from last year but a 1.46% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:49 am

NS

NuStar Energy has provided a positive financial outlook for FY24, projecting a net income of $220M-$260M and EBITDA of $720M-$780M, even as it anticipates a merger with Sunoco LP to close in Q2 2024. The company also plans to self-fund its operational expenses, growth capital, and distributions, aiming for a year-end debt-to-EBITDA ratio below four times.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:48 am

MTRN

Materion (NYSE:MTRN) reported Q4 2023 earnings of $1.41 per share, meeting analyst estimates. Quarterly sales were $421.00 million, slightly above the consensus estimate of $420.36 million but represent a 3.12% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:48 am

USFD

US Foods Holding Corp. (USFD) reported Q4 adjusted earnings of $0.64 per share, missing the consensus estimate of $0.67. However, their quarterly sales of $8.94 billion exceeded the estimate of $8.80 billion, marking a 4.94% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:47 am

NS

NuStar Energy (NYSE:NS) reported Q4 adjusted EPS of $0.37, surpassing the $0.27 estimate, marking a 37.04% beat and an 8.82% increase from last year's $0.34. Sales reached $451.69M, exceeding the $433.69M estimate by 4.15% and showing a 5.05% increase from the previous year's $429.96M.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:47 am

NNVC

Nanoviricides reported a Q2 EPS loss of $(0.18), a 20% decrease from the previous year's $(0.15) loss. As of December 31, 2023, the company had $5.31M in cash and equivalents, with an additional $2.5M available from new agreements.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:44 am

LYFT

UBER

On February 14th, U.S. stock markets closed higher, with significant gains in Lyft and Uber after Lyft beat profit estimates and Uber announced a $7 billion share buyback plan. U.S. inflation decreased to 3.1% in January. Asian and European markets also saw gains, while commodities like crude oil and gold experienced mixed movements. The Dow Jones, S&P 500, and Nasdaq all closed higher.

Portfolio Pulse from Akanksha Bakshi

February 15, 2024 | 11:44 am

SO

Southern (NYSE:SO) reported FY 2023 GAAP EPS of $3.62, surpassing the $3.56 estimate, marking an 11.04% increase from last year. However, their sales of $25.25B fell short of the $26.96B estimate, a 13.76% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:38 am

PBF

PBF Energy reported Q4 2023 adjusted EPS of $(0.41), missing the $0.08 estimate, while sales of $9.14B exceeded the $8.65B estimate. This represents a 15.74% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:36 am