Streetbeat News

Earnings

MUR

Murphy Oil Corp (NYSE:MUR) reported Q4 adjusted EPS of $0.90, missing consensus of $0.99, and revenues of $844.2 million, below the expected $856.0 million. Despite a 10% dividend increase in Q4 and an additional 9% post-quarter, shares fell by 2.55%. Production was in line with guidance but lower in some areas. EBITDAX decreased to $496 million from $504 million a year ago. The company reduced debt significantly and expects to produce 180-188 MBOEPD in FY24 with a capital expenditure of $920 million to $1.02 billion.

Portfolio Pulse from Lekha Gupta

January 25, 2024 | 4:58 pm

XRX

Xerox shares are trading higher despite the company reporting earnings for Q4 that missed market expectations.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 4:58 pm

AXP

American Express (NYSE:AXP) is set to announce Q4 earnings on Jan. 26 with expectations of $2.64 EPS and $16 billion in revenues. The company has shown financial strength with six quarters of record revenue and is anticipated to continue this trend. Analysts will focus on Provisions for Credit Losses, international income, and the impact of partner policy changes and delinquencies. The stock is currently rated Neutral with a price target of $149.30, but recent targets range from $190 to $235. AXP stock was up 1.01% at $187.71.

Portfolio Pulse from Surbhi Jain

January 25, 2024 | 4:55 pm

LVMHF

LVMH Moet Hennessy Louis Vuitton reported a 2023 revenue of €86.15 billion, representing a 13% organic growth year-over-year. The company's profit from recurring operations reached €22.8 billion.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 4:50 pm

LUV

Southwest Airlines Co (NYSE:LUV) reported Q4 fiscal 2023 results with a 10.5% increase in operating revenue to $6.82 billion, surpassing the $6.74 billion consensus. Adjusted EPS was $0.37, exceeding the $0.12 consensus. The company experienced an operating loss of $361 million, a slight improvement from the previous year's $386 million loss. Key performance metrics such as revenue passenger miles and available seat miles saw year-over-year increases, while load factor decreased. Fuel costs were down 5.7% year-over-year. The company's liquidity remains strong at $12.5 billion, with a net cash position of $3.5 billion. For Q1 2024, Southwest anticipates RASM to increase by 2.5%-4.5% and for the full year 2024, it expects significant pre-tax profit growth and operating revenue and margin expansion. LUV shares dropped by 2.68% to $30.30 following the report.

Portfolio Pulse from Akanksha Bakshi

January 25, 2024 | 4:44 pm

TSLA

Tesla Inc (NASDAQ: TSLA) reported Q4 results, missing revenue and EPS estimates. Analysts from RBC Capital, Roth Capital, Truist, and Needham have provided their insights, with RBC Capital and Truist lowering their price targets to $297 and $193 respectively, while Roth maintains a $85 target and Needham does not set a target. Analysts cite concerns over vague delivery guidance, declining gross margins, and the pressure from upcoming EV competition. Tesla's stock price dropped 10% following the report.

Portfolio Pulse from Chris Katje

January 25, 2024 | 4:34 pm

AAL

American Airlines' stock is trading higher following the announcement of their Q4 results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 4:26 pm

SBLK

Star Bulk Carriers Inc. (NASDAQ:SBLK) saw a 1.64% decrease in its share price to $21.27 in the current market session. Despite a slight increase over the past month, the stock has fallen 9.09% over the past year. The company's P/E ratio is lower than the Marine Transportation industry average, suggesting it might be undervalued or have weaker growth prospects.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 4:16 pm

CRS

Carpenter Technology Corporation's stock (CRS) is trading lower after the company reported mixed results for its second-quarter earnings. The earnings report showed a discrepancy between the expected and actual figures, leading to a negative reaction in the stock market.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 4:14 pm

NOC

Northrop Grumman Corp (NYSE:NOC) reported a 6% increase in Q4 sales but experienced a net loss due to a B-21 charge and MTM expense, leading to a stock price drop of 7.75%. Despite the loss, adjusted EPS beat consensus, and the company forecasts strong sales and earnings growth with a positive cash flow outlook for 2024 and 2025.

Portfolio Pulse from Akanksha Bakshi

January 25, 2024 | 4:08 pm