Streetbeat News

Revenues

CCEP

Coca-Cola Europacific Partners reported a Q1 revenue of €4.733 billion, marking a 4.3% increase year-over-year. The company also saw a 2% rise in adjusted comparable volume and has reaffirmed its guidance for 2024.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 6:20 am

AZN

AstraZeneca (NASDAQ:AZN) reported Q1 2024 adjusted earnings per ADS of $1.03, missing the $1.22 estimate, but saw sales of $12.679B, surpassing the $11.833B estimate. This represents a 7.29% increase in earnings and a 16.55% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 6:07 am

EWG

Germany's GfK Consumer Climate index improved to -24.2 for May, surpassing expectations of -25.9 and showing a significant improvement from the revised -27.3 figure reported previously.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 6:00 am

STM

STMicroelectronics has revised its 2024 revenue outlook downwards to $14B-$15B from the previous forecast of $15.9B-$16.9B, below the consensus estimate of $16.12B. The company also expects a gross margin in the low 40's range but plans to maintain its net capital expenditure (Capex) for FY24 at approximately $2.5 billion, focusing on strategic manufacturing initiatives.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:26 am

STM

STMicroelectronics (STM) forecasts Q2 net revenues of $3.2B, below the consensus of $3.8B, with a gross margin of 40%, plus or minus 200 basis points. This guidance reflects a sequential decrease of 7.6% in revenues and is based on an assumed exchange rate of $1.08 = €1.00, including the impact of existing hedging contracts.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:22 am

DIS

Disney+'s Australian animated hit 'Bluey' has become a significant draw for the platform, with its latest episode setting a viewership record. Despite its success, there's speculation about the show's future after hints of a potential ending and the show creator taking a break. The show's popularity underscores its importance to Disney+ in attracting and retaining subscribers, especially families with children.

Portfolio Pulse from Chris Katje

April 24, 2024 | 11:09 pm

AGI

Alamos Gold (AGI) reported Q1 adjusted earnings per share of $0.13, meeting analyst estimates, with sales of $277.6M surpassing the $272M forecast, a 10.38% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:57 pm

FBMS

First Bancshares (NASDAQ:FBMS) reported Q1 2024 adjusted EPS of $0.65, surpassing the $0.59 estimate, but sales of $57.341M fell short of the $59.927M forecast. This represents a 24.42% decrease in earnings and an 11.68% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:49 pm

CDMO

Avid Bioservices has reaffirmed its fiscal year 2024 revenue guidance, maintaining the forecast in the range of $137 million to $147 million, closely aligning with the estimated $138.656 million.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:40 pm

TER

Teradyne anticipates growth through the remainder of the year, fueled by new products, applications in robotics, and enhancements in its global distribution channels.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:32 pm