Streetbeat News

Earnings

DHR

Danaher Corporation (NYSE:DHR) reported Q4 adjusted earnings per share (EPS) of $2.09, surpassing the analyst consensus estimate of $1.89 by 10.58%. However, this represents a 17.72% decrease from the $2.54 EPS reported in the same quarter last year. Quarterly sales reached $6.41 billion, exceeding the consensus estimate of $6.09 billion by 5.21%, but marking a 10.22% decline from the $7.13 billion in sales reported in the same period the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:02 am

UPS

United Parcel Service (UPS) reported Q4 adjusted earnings of $2.47 per share, meeting analyst estimates but marking a 31.77% decrease from the previous year. Quarterly sales were $24.92B, missing the $25.48B estimate and showing a 7.83% decrease from the prior year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:02 am

AAPL

META

KeyBanc Capital Markets analyst Justin Patterson has reiterated an Overweight rating on Meta Platforms, Inc. (META) and increased the price target by 22% from $380 to $465 ahead of Q4 results. The optimism is based on the strength of Meta's ad products, particularly Reels, and a potential recovery in the ad market. KeyBanc expects Q4 revenue of $39.9 billion, a 24% year-over-year growth, and earnings per share of $5.30. Patterson also provided forward-looking estimates and areas of focus for the earnings call, including AI ambitions, Reels, Facebook Reality Labs (FRL) division, and efforts to boost Threads engagement. Meta shares saw a slight increase in premarket trading.

Portfolio Pulse from Shanthi Rexaline

January 30, 2024 | 10:53 am

RDY

Dr Reddy's Laboratories (NYSE:RDY) reported Q3 earnings with an EPS of $0.99, surpassing the estimate of $0.79 by 25.32%. Revenue increased by $42.39 million compared to the same period last year. The company has a history of beating EPS estimates, which in the past has led to a slight increase in share price the following day.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 10:50 am

CHT

Chunghwa Telecom (NYSE:CHT) reported a decrease in Q4 earnings per ADS to $0.33 from $0.35 YoY, while sales increased to $1.94B from $1.90B YoY.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:48 am

RDY

Dr Reddy's Laboratories (NYSE:RDY) exceeded analyst expectations for Q3, posting earnings of $0.99 per share against the estimated $0.79, a 25.7% beat. Year-over-year, earnings rose by 9.12% from $0.91 per share. Sales reached $866.64M, surpassing estimates by 4.94% and marking a 5.10% increase from the previous year's $824.61M.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:46 am

CAJFF

CAJPY

Canon reported Q4 sales of ¥1.163 trillion, a slight increase from ¥1.157 trillion year-over-year. However, net income for the quarter fell to ¥80.57 billion from ¥84.84 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:35 am

NUTX

Nutex Health has fully paid off its $2.74M debt to Yorkville Advisors and is executing a new strategic plan. This includes closing two underperforming hospitals in Texas, which is expected to save approximately $5 million annually. The company is also working on initiatives to reduce cash operating expenses and improve profitability by the third quarter of fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:33 am

BBVA

BBVA reported a 42.31% increase in Q4 adjusted EPS to $0.37, up from $0.26 YoY. Sales rose 20.23% to $8.01B from $6.66B YoY.

Portfolio Pulse from totan@benzinga.com

January 30, 2024 | 10:32 am

VGK

The preliminary Eurozone GDP for Q4 showed no growth at 0.0%, which is slightly better than the estimated -0.1% and equal to the prior quarter's figure.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:32 am