Streetbeat News

Earnings

MCHP

Microchip Technology Incorporated (MCHP) forecasts Q4 2024 revenue to be between $1.225B and $1.425B, significantly lower than the analyst estimate of $1.661B. Additionally, the company projects its adjusted earnings per share (EPS) to be in the range of $0.33 to $0.36, which is also below the expected $0.92.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:19 pm

CLX

Clorox has updated its fiscal year 2024 adjusted earnings per share (EPS) forecast to $5.30-$5.50, surpassing the previous estimate of $4.63 and its prior outlook of $4.30-$4.80.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:19 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 01, 2024 | 9:19 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) reported Q4 financial results, surpassing analyst estimates with a 14% year-over-year revenue increase to $170 billion and earnings of $1 per share. AWS sales rose 13% to $24.2 billion, with significant growth in North American and international sales. The company experienced a record-breaking holiday shopping season, leading to an 82% increase in operating cash flow and a significant improvement in free cash flow. Amazon introduced a new AI feature, Rufus, and provided a positive outlook for Q1 revenue and operating income.

Portfolio Pulse from Adam Eckert

February 01, 2024 | 9:18 pm

X

United States Steel (NYSE:X) reported Q4 2023 adjusted EPS of $0.67, surpassing the $0.26 estimate, with sales of $4.14B also beating the $3.76B estimate. This represents a 4.47% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:17 pm

HIG

Hartford Financial Services Group (HIG) reported Q4 adjusted earnings of $3.06 per share, surpassing the analyst consensus estimate of $2.44 by 25.41%. This represents a 32.47% increase from the same period last year's earnings of $2.31 per share.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:17 pm

RGA

Reinsurance Gr (NYSE:RGA) reported Q4 adjusted EPS of $4.73, surpassing the $4.46 estimate, a 58.19% increase from last year. Sales reached $5.01B, exceeding the $4.55B estimate, marking a 14.45% increase from the previous year.

Portfolio Pulse from totan@benzinga.com

February 01, 2024 | 9:17 pm

CPT

Camden Prop Trust (CPT) reported Q4 core AFFO of $1.44 per share, missing the consensus estimate of $1.72 by 16.28%. Quarterly sales were $387.59M, slightly missing the estimate of $387.32M. This represents a 100% increase over the same period last year's sales of $375.91M.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:16 pm

DLB

Dolby Laboratories (NYSE:DLB) reported Q1 adjusted EPS of $1.01, surpassing the $0.86 estimate, and sales of $315.57M, exceeding the $312.87M estimate. However, this represents a 9.01% decrease in earnings and a 5.78% decrease in sales from the same period last year.

Portfolio Pulse from totan@benzinga.com

February 01, 2024 | 9:16 pm

GEN

Gen forecasts its FY24 adjusted EPS to be between $1.95 and $1.97, below the $2.27 estimate. Revenue is expected to be between $3.805B and $3.815B, also below the $3.988B estimate.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:15 pm