Streetbeat News

Earnings

V

Visa's stock is trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:39 pm

CLBK

Columbia Financial (NASDAQ:CLBK) reported Q4 earnings of $0.06 per share, missing the consensus estimate of $0.07, a 71.43% decrease from last year. However, sales of $56.59M exceeded estimates of $46.40M, despite being 25.46% lower than the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:39 pm

FBIZ

First Business Financial Services (FBIZ) reported Q4 2023 earnings of $1.17 per share, surpassing the consensus estimate of $1.13 by 3.54%.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:37 pm

SPY

TSLA

Tesla Inc (NASDAQ:TSLA) reported that the Model Y was the bestselling vehicle globally in 2023, contributing to the company's delivery of 1.8 million vehicles for the year. The Model Y's success is highlighted as a significant factor in Tesla's growth, with 394,497 units sold in the U.S. and a 56.6% year-over-year growth. Tesla's stock has seen substantial returns since the Model Y's unveiling, with a $1,000 investment in 2019 now worth $9,223.14, an 822.3% increase. In comparison, the same investment in the SPDR S&P 500 ETF Trust (NYSE:SPY) would have yielded a 72.5% return. Tesla anticipates a lower growth rate in 2024 as it prepares to launch the next-generation vehicle, which may affect the stock's performance.

Portfolio Pulse from Chris Katje

January 25, 2024 | 9:37 pm

CVLY

Codorus Valley Bancorp (NASDAQ:CVLY) reported Q4 2023 earnings of $0.57 per share, surpassing the consensus estimate of $0.53 by 7.55%.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:37 pm

WY

Weyerhaeuser expects its Q1 earnings to be similar to Q4, with an anticipated increase in adjusted EBITDA of approximately $15M, attributed to the timing and mix of its real estate sales.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:36 pm

WDC

Western Digital Corporation (NASDAQ:WDC) reported Q2 financial results with adjusted losses of $0.69 per share, surpassing analyst estimates of a $1.13 loss per share. Sales reached $3.03 billion, slightly above the $2.99 billion estimate but down 2.4% year-over-year. Consumer revenue grew 15% QoQ, while cloud revenue increased 23% QoQ. The company forecasts Q3 revenue between $3.20 billion and $3.40 billion, with adjusted EPS ranging from a $0.10 loss to a $0.20 gain. WDC shares dropped 3.88% after hours to $57.99.

Portfolio Pulse from Erica Kollmann

January 25, 2024 | 9:35 pm

GBCI

Glacier Bancorp (NYSE:GBCI) reported Q4 sales of $166.46M, missing the consensus estimate of $167.16M by 0.42%. Sales decreased by 18.43% compared to the same period last year, where sales were $204.06M.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:35 pm

GBCI

Glacier Bancorp (NYSE:GBCI) reported Q4 earnings with an EPS of $0.49, beating estimates by 19.51% against the expected $0.41. However, revenue decreased by $37.60 million compared to the same period last year. In the previous quarter, GBCI surpassed EPS estimates but experienced a 0.77% share price drop the following day. The company's past earnings performance shows a trend of declining revenues and fluctuating EPS.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 9:35 pm

HTH

Hilltop Holdings reported Q4 2023 earnings of $0.44 per share, surpassing the consensus estimate of $0.40 by 10%.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:35 pm