Streetbeat News

Revenues

BC

Brunswick Corporation projects its FY24 net sales to be between $6.0B and $6.2B, aligning closely with the estimated $6.03B.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:19 am

WST

West Pharmaceutical Services has reaffirmed its full-year 2024 net sales guidance, projecting sales to be between $3 billion and $3.025 billion, aligning closely with the consensus estimate of $3.01 billion.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:04 am

TPH

Tri Pointe Homes forecasts Q2 deliveries to be between 1,500 and 1,600 homes, with an average sales price ranging from $670,000 to $680,000.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:04 am

AAPL

Frank Casanova, the lead marketer for Apple Inc.'s Vision Pro headset, has retired after 36 years with the company, amid a significant drop in demand for the headset. The Vision Pro, launched in early February with a base price of $3,499, has seen its shipment forecasts revised down from 700,000-800,000 units to 400,000-450,000 units for this year due to falling demand. This comes as Apple faces challenges in the Chinese market, not only with the Vision Pro but also with a 33% drop in iPhone sales in February compared to the previous year.

Portfolio Pulse from Ananya Gairola

April 25, 2024 | 9:58 am

MU

Micron Technology has signed a preliminary memorandum with the Biden-Harris Administration for $6.1B in funding under the CHIPS and Science Act. This funding will support Micron's $50B investment in U.S. memory manufacturing in Idaho and New York through 2030, including the construction of three leading-edge memory fabs.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:36 am

CVX

Chevron's 50% owned affiliate Tengizchevroil has started operations at its Wellhead Pressure Management Project in the Tengiz oil field, Kazakhstan. This marks the final phase of the expansion project, set to conclude in the first half of 2025, and will increase Tengiz crude oil production by 12 million tons per year (260,000 barrels a day).

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:33 am

UXIN

Uxin forecasts Q4 revenue to be between RMB300 million and RMB320 million, with retail transaction volume expected at 3,100 units and wholesale at 900 units. The company also anticipates a gross profit margin of over 6.5%, reflecting its current market and operational outlook.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:44 am

UL

Unilever projects its FY24 underlying sales growth to remain within the 3%-5% range, anticipating a greater contribution from volume growth.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:22 am

UL

Unilever reported its Q1 FY24 sales at €15.0 billion, marking a 1.4% increase year-over-year. The company also saw an underlying sales growth of 4.4% during the same period.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:20 am

F

Ford Motor Co (NYSE:F) is facing challenges in its EV segment due to revenue declines outpacing cost-cutting efforts, exacerbated by a price war initiated by Tesla. Despite this, Ford is committed to achieving profitability in its EV segment with the next generation of EVs, though the launch timeline remains undisclosed. CFO John Lawler highlighted the impact of the price war and the shift in consumer expectations towards more affordable EV options. Ford's EV segment, Model e, reported a significant EBIT loss in Q1, with expectations of a wider loss in 2024.

Portfolio Pulse from Anan Ashraf

April 25, 2024 | 7:46 am