Streetbeat News

Earnings

GPI

Group 1 Automotive (NYSE:GPI) reported Q4 earnings with an EPS of $9.5, missing the estimate of $10.48 by 9.35%. Revenue increased by $411 million from the previous year. In the past, a beat on EPS resulted in a 4.03% share price increase the next day. The company's past earnings performance shows a history of beating EPS estimates.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 11:05 am

TMO

Thermo Fisher Scientific (NYSE:TMO) exceeded analyst expectations for Q4 with an adjusted EPS of $5.67, surpassing the estimate of $5.64, and reported sales of $10.89B, beating the $10.73B estimate. However, sales saw a 4.93% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 11:01 am

CPF

Central Pacific Financial (CPF) reported Q4 earnings of $0.55 per share, surpassing the consensus estimate of $0.48, and sales of $51.14M, slightly above the estimate of $50.78M. However, both earnings and sales saw a decrease compared to the same period last year, with earnings down by 25.68% and sales by 9.14%.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 11:00 am

AMD

GOOGL

MSFT

Jim Cramer, host of CNBC's 'Mad Money,' advised investors to remain cautious and not make hasty decisions amid recent market volatility. He suggested waiting for earnings reports and analyst reflections, noting tech stocks' reversal, with Microsoft showing strong cloud revenue, Alphabet missing ad revenue expectations, and AMD's forecast falling short of Wall Street predictions. The market's concentration in top tech stocks was compared to the dot-com bubble era, emphasizing the importance of the current earnings season for these companies.

Portfolio Pulse from Benzinga Neuro

January 31, 2024 | 10:11 am

SAN

Banco Santander (NYSE:SAN) reported a 20.14% increase in quarterly sales, reaching $16.58 billion compared to $13.80 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:11 am

GSK

GSK (NYSE:GSK) reported Q4 earnings with an EPS of $0.718, missing the estimate of $0.75 by 4.27%. Revenue increased by $1.41 billion from the same period last year. Despite beating EPS estimates last quarter, GSK's share price dropped by 1.19% the following day.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 10:05 am

INTC

MSFT

TEAM

Microsoft Corp. (MSFT) and Intel Corp. (INTC) are optimistic about the PC market's recovery, with Microsoft reporting a 9% increase in Windows OEM revenue and focusing on AI integration in PCs. Microsoft's 'Devices' revenue is expected to decline in March 2024, but the company is highlighting AI advancements, including the Copilot key and AI assistant on over 75 million PCs. Intel is aligning with Microsoft's AI focus to drive revenue growth. Analyst firm Counterpoint Research and IDC data indicate early signs of recovery in the global PC industry. Atlassian Corp. (TEAM) is among the companies using Microsoft's Copilot ecosystem for business needs.

Portfolio Pulse from Rounak Jain

January 31, 2024 | 10:03 am

UMC

United Microelectronics (NYSE:UMC) reported Q4 earnings with an EPS of $0.173, beating estimates by 15.33% but with a revenue decrease of $420 million from the previous year. Despite beating EPS estimates last quarter, the share price dropped by 0.28% the following day.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 10:00 am

FFIV

GOOG

GOOGL

MSFT

PSX

QCOM

The Fear and Greed Index moved to the 'Greed' zone at 74.1, indicating a shift in market sentiment. U.S. stocks closed mixed ahead of the Fed's rate decision, with expectations of unchanged rates. General Motors and F5, Inc. reported strong earnings, boosting their shares. Microsoft and Alphabet released earnings after the close. Economic data showed a rise in home prices and job openings. Investors are looking forward to earnings from Phillips 66, Boeing, QUALCOMM, and Mastercard.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 9:12 am

GOOG

MSFT

PSX

QCOM

U.S. stock futures are trading lower with investor focus on upcoming earnings reports. Boeing (BA) is expected to report a quarterly loss before the opening bell, while Alphabet (GOOG, GOOGL) shares dropped after Q4 earnings with lower ad sales. QUALCOMM (QCOM) is anticipated to post earnings after market close. Microsoft (MSFT) reported better-than-expected Q2 results, and Phillips 66 (PSX) is also expected to report earnings before the market opens.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 8:56 am