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Earnings

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QCOM

A comprehensive list of companies is scheduled to report earnings on January 31, 2024, before and after the bell. The list includes a variety of sectors with projected earnings per share and revenue. Notable companies include Novartis, Boeing, Mastercard, and Qualcomm, among others. Some companies are expected to report losses, such as Regis and Silicon Laboratories.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 11:09 am

RGS

Regis Corporation reported a Q2 EPS of $(0.43), which is an improvement from the $(1.10) estimate. However, their sales of $51.05M fell short of the $52.94M estimate, marking a 14.87% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 11:08 am

OTIS

Otis Worldwide reported a 3% increase in new equipment orders and a 2% increase in backlog for Q4. Modernization orders saw a significant 11% rise, with backlog for these orders up by 15%.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 11:07 am

GPI

Group 1 Automotive (NYSE:GPI) reported Q4 adjusted EPS of $9.50, missing the $10.44 estimate, and sales of $4.48B, beating the $4.41B estimate. This reflects a 12.52% decrease in EPS from last year and a 10.10% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 11:06 am

SLB

Schlumberger Ltd (NYSE:SLB) stock is trading higher after reaffirming its FY24 guidance, despite Saudi Aramco's decision to suspend its oil capacity expansion plans. Schlumberger's stock had previously fallen over 7% but is recovering on the back of strong FY24 revenue growth and margin expansion projections, as well as plans to increase share repurchases in 2024. CEO Olivier Le Peuch remains confident in the company's growth, particularly in the Middle East, despite Aramco's recent announcement to halt its production capacity increase.

Portfolio Pulse from Lekha Gupta

January 31, 2024 | 11:05 am

OTIS

Otis Worldwide (NYSE:OTIS) reported Q4 adjusted EPS of $0.87, surpassing the consensus estimate of $0.86, representing a 1.16% beat and a 16% increase from the previous year. Sales reached $3.62B, exceeding estimates of $3.57B by 1.40% and marking a 5.26% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 11:05 am

AMD

AMD's stock dropped 7% in premarket trading despite earnings and revenue meeting expectations, due to first-quarter revenue guidance falling short of some analyst estimates. However, KeyBanc Capital Markets analyst John Vinh maintained an Overweight rating and increased the price target from $195 to $270, citing a positive outlook for AMD's AI accelerator and Data Center GPU revenue.

Portfolio Pulse from Shanthi Rexaline

January 31, 2024 | 11:05 am

TMO

Thermo Fisher Scientific (NYSE:TMO) reported Q4 earnings with an EPS of $5.67, slightly beating the estimate of $5.64 by 0.53%. However, revenue decreased by $564 million compared to the same period last year. In the previous quarter, a beat on EPS resulted in a 1.61% share price increase the following day. The company's past earnings performance shows mixed results with both beats and matches on EPS estimates.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 11:05 am

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