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Revenues

GOOGL

MSFT

QQQ

SPY

Wall Street futures indicate a positive opening, buoyed by strong Q1 performances from Alphabet and Microsoft, ahead of key inflation data. The SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket gains. Analysts remain optimistic about the bull market's continuation despite recent volatility, citing technical and seasonal factors. Upcoming economic data includes the PCE index, personal income, and spending reports, with implications for the Fed's next moves. Several companies, including Intel, Roku, and Teladoc, moved on earnings news.

Portfolio Pulse from Shanthi Rexaline

April 26, 2024 | 10:48 am

LYB

LyondellBasell (LYB) anticipates seasonal demand improvements in Q2 across most of its businesses, benefiting from low natural gas and NGL costs, especially in North America and the Middle East. The company expects increased margins from oxyfuels and refining, driven by the summer driving season's higher gasoline crack spreads and lower butane costs. LYB plans to operate its global olefins and polyolefins assets at 85% and its Intermediates & Derivatives assets at 80% capacity, aligning with market demand. It is also closely monitoring stimulus efforts and demand in China.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 10:40 am

CVEO

Civeo maintains its FY24 revenue guidance range of $625M-$700M, with an estimated $653.562M. The company also reaffirms its Adjusted EBITDA guidance of $80M-$90M and capital expenditure guidance of $30M-$35M for the full year of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 10:34 am

B

Barnes has updated its FY24 guidance, increasing its expected sales growth to 13%-16% from the previously forecasted 12%-16%. Additionally, the company has raised its organic sales growth expectations to 5%-8%, up from 4%-8% previously.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 10:33 am

XOM

Exxon Mobil reported Q1 2024 adjusted EPS of $2.06, missing the $2.20 estimate, but total revenues of $83.083B exceeded the $78.352B forecast. This represents a 4.02% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 10:31 am

ACMR

ACM Research has confirmed its full-year 2024 revenue forecast to be in the range of $650M-$725M, aligning with a $701.7M estimate and indicating a 17%-30% growth year-over-year. The company will further discuss its Q1 2024 financial results and the detailed revenue outlook on its earnings call scheduled for May 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 10:22 am

CRI

Carter's projects its 2024 fiscal year net sales to range between $2.95 billion and $3.0 billion, aligning with a $2.959 billion consensus. The company anticipates low to mid-single-digit growth in adjusted EPS and operating income, with operating cash flow exceeding $250 million. These projections are based on expectations of an improved macroeconomic environment, conservative inventory commitments, gross margin expansion, and increased investments, among other factors.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 10:22 am

CRI

Carter's projects Q2 fiscal 2024 net sales of $560M-$570M, below the $613M consensus, and adjusted EPS of $0.35-$0.45, under the $0.80 consensus. The forecast reflects inflationary pressures, a slow start to Spring selling, improved gross margin, comparable SG&A, lower net interest expense and effective tax rate, and continued capital return.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 10:21 am

ACMR

ACM Research announced its preliminary unaudited revenue for Q1 is expected to be between $150M-$152M, slightly below the $152.41M estimate. Preliminary total shipments are anticipated to range from $235M-$240M.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 10:21 am

AVTR

Avantor reiterated its FY24 revenue forecast to be between $6.85B and $7.06B, closely aligning with the estimated $6.96B. The company also expects its adjusted EPS to range from $0.96 to $1.04, which is in line with the estimated $1.01.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 10:15 am