Streetbeat News

Earnings

AMZN

Amazon's stock price increased following the announcement of its Q4 financial results, which exceeded expectations, along with positive future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:35 pm

TEAM

Atlassian's stock price declined following the announcement of its Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:35 pm

META

Meta's shares surged following the announcement of impressive Q4 financial results, the initiation of a quarterly dividend of $0.50 per share, and a $50 billion increase in its share repurchase authorization.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:35 pm

INBS

Intelligent Bio Solutions (INBS) reported preliminary Q2 revenue of $0.76 million, which is below the estimated $1.008 million.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:34 pm

CHTR

DIS

Charter Communications, Inc (NASDAQ:CHTR) reported a slight revenue growth in Q4 FY23 but missed EPS estimates, leading to a stock price drop. The company saw growth in Internet and Mobile services but lost residential Internet and video customers, partly due to a temporary loss of Walt Disney Company (NYSE:DIS) programming. Despite higher capital expenditures for network expansion, Charter expects increased Capex in 2024. CHTR shares fell 9.24% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 02, 2024 | 1:33 pm

SPY

The Average Hourly Earnings for January increased by 0.6%, doubling the estimated growth of 0.3%. This indicates a stronger than expected wage growth.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:31 pm

MCD

McDonald's Corporation (NYSE:MCD) is anticipated to release its Q4 earnings on Feb. 5, 2024, with expected earnings of $2.82 per share and revenue of $6.45 billion, up from the previous year. CEO Chris Kempczinski highlighted potential headwinds in the Middle East affecting business. The article also explores how investors can earn dividends from McDonald's stock, with a current yield of 2.24%, and calculates the number of shares needed to generate specific monthly dividend incomes.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 1:28 pm

AGRI

CCTG

CLX

META

SKX

Meta Platforms, Inc. (META) shares surged over 16% in pre-market trading due to strong fourth-quarter results and a new quarterly dividend. Other stocks also showed significant pre-market movements, with notable gainers including CCSC Technology International Holdings Limited (CCTG) and The Clorox Company (CLX), and losers like AgriFORCE Growing Systems Ltd. (AGRI) and Skechers U.S.A., Inc. (SKX).

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 1:21 pm

GWW

Grainger has provided its financial outlook for FY24, expecting net sales to range between $17.2 billion and $17.7 billion, compared to analysts' expectations of $17.5 billion. The company also forecasts earnings per share (EPS) to be between $38.00 and $40.50, versus the estimated $38.65.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:17 pm

CI

Cigna Corporation (NYSE:CI) reported Q4 2023 sales of $51.15 billion, a 12% increase Y/Y, surpassing consensus estimates. The growth was driven by Evernorth Health Services and Cigna Healthcare, with the latter seeing a 17% rise in adjusted sales to $13 billion. The company's medical cost ratio improved to 82.2% from 83.8% a year ago. Total premiums and the number of medical customers also saw significant increases. Cigna's adjusted EPS of $6.79 beat Wall Street estimates, and it declared a higher quarterly dividend of $1.40 per share. The company forecasts FY 2024 revenues of at least $235 billion and an adjusted EPS of at least $28.25. CI shares rose 4.16% in premarket trading.

Portfolio Pulse from Vandana Singh

February 02, 2024 | 1:15 pm