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Revenues

LYV

Live Nation Entertainment's all-in pricing policy, which includes total ticket costs upfront, has led to an 8% increase in completed sales across its U.S. venues and festivals in the first six months. This initiative, aligning with the upcoming TICKET Act vote for transparent pricing, has been implemented in nearly 9,000 shows across 33 states and Washington D.C., benefiting fans and artists by reducing abandoned carts and increasing sales.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 5:21 pm

BA

EADSY

ITA

PPA

Boeing Inc. reported a decrease in April commercial airplane deliveries to 24, down from 26 a year ago, amid efforts to enhance 737 MAX production quality. The company faced 33 cancellations, mainly due to Lynx Air's cessation. Despite this, Boeing recorded seven new orders in April, contributing to a total of 138 gross orders for the year. In contrast, Airbus SE saw a 13% increase in deliveries with 61 aircraft in April. Boeing's Q1 revenue declined by 8% year-over-year, but its adjusted loss per share improved, beating consensus estimates. Boeing stock has lost over 10% in the last 12 months but is trading higher by 1.7% at the last check.

Portfolio Pulse from Shivani Kumaresan

May 14, 2024 | 5:04 pm

CINT

Recent analyst evaluations of CI&T (NYSE:CINT) show a neutral outlook with four indifferent ratings. The 12-month price target averages $4.36, down from $4.67, indicating a 6.64% decrease. Analyst actions include adjustments to ratings and price targets by UBS, Citigroup, and Canaccord Genuity, reflecting changes in market dynamics and company performance. CI&T's financial performance shows challenges in revenue growth with a -14.59% decline, but strong net margin, ROE, and ROA figures, alongside a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 5:01 pm

EQR

Equity Residential (EQR) has seen varied analyst ratings over the last three months, with a recent shift towards more positive evaluations. The average 12-month price target has been raised to $68.29, indicating a 3.0% increase from the previous target. Analyst actions include upgrades and downgrades, reflecting dynamic market conditions and company performance. Equity Residential, with a significant market cap and strong financial indicators such as revenue growth, net margin, ROE, and ROA, stands out in the real estate sector for its financial health and strategic positioning in major urban markets.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 5:01 pm

PBF

Analyst evaluations of PBF Energy (NYSE:PBF) over the last three months show diverse outlooks, with a recent positive shift in the average 12-month price target to $61.33, up 12.18% from $54.67. The article details recent analyst actions, ratings, and adjustments to price targets, highlighting a mix of raised and lowered expectations from firms like Piper Sandler, Scotiabank, Wells Fargo, JP Morgan, Mizuho, and B of A Securities. PBF Energy's financial performance is dissected, noting challenges in revenue growth, profitability, and asset utilization, despite a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 5:01 pm

CGON

CG Oncology (NASDAQ:CGON) received mixed analyst ratings with an updated average 12-month price target of $64.7, marking a significant increase from the previous $43.00. The company, a late-stage biopharmaceutical focused on bladder cancer therapies, shows substantial revenue growth but faces challenges in profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 5:00 pm

WSM

Williams-Sonoma (NYSE:WSM) has received diverse analyst ratings over the last three months, with a shift towards a more cautious outlook in the last 30 days. The average 12-month price target has been raised to $278.32, indicating a 19.06% increase from the previous target. Analyst actions include both upgrades and downgrades, reflecting varying perspectives on the company's performance and market position. Williams-Sonoma's financial performance shows a decline in revenue growth but strong profitability metrics, including net margin and ROE.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 5:00 pm

MTEX

Mannatech reported a significant increase in its Q1 EPS to $0.63, up from $0.32 YoY, despite a decrease in sales to $29.39M from $34.11M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:46 pm

ITHUF

iAnthus Capital Holdings, Inc. reported Q1 2024 financial results with a net loss of $14 million, improved from the previous year, and revenue growth of 13.1% YoY to $41.6 million. Gross profit increased to $17.2 million, and adjusted EBITDA was positive at $3.2 million. CEO Richie Proud highlighted the company's focus on consumer care and product innovation.

Portfolio Pulse from Jelena Martinovic

May 14, 2024 | 4:44 pm

CAAS

STLA

China Automotive Systems, Inc. (CAAS) reported a Q1 earnings increase with EPS at 27 cents, up from 23 cents year over year, despite a 2% drop in net sales to $139.4 million. The decrease in sales was primarily due to a 12.4% decline in North American sales, notably lower sales to Stellantis N.V. (STLA). However, gross profit and income from operations saw significant increases. The company maintains its full-year revenue guidance at $605.0 million.

Portfolio Pulse from Nabaparna Bhattacharya

May 14, 2024 | 4:29 pm