Streetbeat News

Revenues

ALV

Autoliv projects approximately 5% organic sales growth for FY24, with an expected adjusted operating margin of around 10.5% and operating cash flow of about $1.2 billion, reiterating its financial outlook for the fiscal year.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 10:06 am

CNC

Centene Corporation reported a Q1 Health Benefits Ratio of 87.1%, alongside a membership count of 28,422,800.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 10:05 am

F

Ford Motor Co (NYSE:F) is launching its Bronco SUV, known as Liè Ma in China, at the Beijing Auto Show following a sales decline in the U.S. The company received a sales license for the Bronco in China in September and plans to make it available to Chinese customers this year. Despite the U.S. sales dip, with a nearly 26% drop in Bronco sales and a 10.7% decrease in overall Bronco family sales, Ford is optimistic about the Chinese market. The Beijing Auto Show, focusing on EVs, features the Bronco among other vehicles.

Portfolio Pulse from Anan Ashraf

April 26, 2024 | 10:00 am

POR

Portland General Electric (POR) reaffirms its 2024 earnings guidance, projecting adjusted EPS of $2.98-$3.18, aligning with a $3.07 consensus. The forecast is based on assumptions including weather-adjusted energy delivery increases, normal hydro and wind generation conditions, and operational expenses. The company also anticipates $700M-$800M in cash from operations.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 9:08 am

TBBB

Tiendas 3B reported a significant increase in its Q4 revenue, reaching Ps. 12,316M, up 30.8% from Ps. 9,416M in the same quarter last year. EBITDA also rose to Ps. 559M from Ps. 421M YoY, marking a 32.9% increase. Gross profit and expenses both saw notable increases, indicating growth and higher operational costs.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 6:51 am

SJW

SJW Group (NYSE:SJW) reported Q1 2024 earnings of $0.36 per share, missing the consensus estimate of $0.39 by 7.69%. Year-over-year, earnings decreased by 2.7% from $0.37. Quarterly sales were $149.382M, surpassing the estimate of $140.500M by 6.32%, and marking an 8.80% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 6:29 am

BBJP

DXJ

EWJ

Japan's Tokyo Core Consumer Price Index (CPI) for April increased by 1.6%, lower than the estimated 2.2% and the previous 2.4%. This indicates a slowdown in inflation within Tokyo, which could influence investor sentiment regarding Japanese markets.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 4:18 am

EWA

Australia's Producer Price Index (PPI) increased to 4.3% year-over-year, surpassing the previous figure of 4.1%.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 4:17 am

GOOG

GOOGL

Alphabet Inc. CEO Sundar Pichai projects YouTube and Cloud businesses to generate $100 billion by 2024, indicating a 25% growth rate over the next three quarters. This forecast follows Alphabet's Q1 earnings report showing a 15% year-over-year revenue increase to $80.539 billion and earnings of $1.89 per share, surpassing analyst estimates. Alphabet's stock rose significantly in after-hours trading following the announcement.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 2:32 am

MSFT

Microsoft forecasts FY24 revenues across its three main segments: Productivity and Business Processes at $19.9B-$20.2B, Intelligent Cloud at $28.4B-$28.7B, and More Personal Computing at $15.2B-$15.6B. The company also projects COGS at $19.6B-$19.8B, operating expenses at $17.15B-$17.25B, and an effective tax rate of approximately 18%.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:41 pm