Streetbeat News

Revenues

GOOGL

UMGNF

Latin music revenue in the U.S. reached a new high of $1.4 billion in 2023, a 16% increase from the previous year, with significant contributions from streaming platforms and artists like Karol G and Peso Pluma. Alphabet Inc's YouTube and Universal Music Group's Vevo were highlighted as key platforms in this growth.

Portfolio Pulse from Franca Quarneti

April 23, 2024 | 10:23 pm

FFIC

Flushing Financial (NASDAQ:FFIC) reported Q1 2024 earnings of $0.14 per share, meeting consensus estimates but with a 133.33% increase from the previous year. However, their sales of $45.481M fell short of the $48.286M estimate, marking a 12.82% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:51 pm

MAPS

The 4/20 cannabis celebrations this year saw a significant increase in sales and consumer demand, with technology playing a key role in understanding this surge. Sales during the week of 4/20 were three times the average, with Treez reporting a 120% increase in sales on 4/20 compared to the previous year. Jane Technologies processed over half a million transactions, totaling nearly $24 million in sales. Despite a minor decrease from 2023, the combined total for 4/19 and 4/20 set a new record. Illinois, California, and Colorado led state sales. Weedmaps data showed changes in pricing trends and consumer preferences, with a notable shift towards pre-rolls and brand-verified products. Promotions and discounts played a significant role in driving sales, with Weedmaps recording a 130% increase in deal redemptions during the week of 4/20.

Portfolio Pulse from Nicolás Jose Rodriguez

April 23, 2024 | 9:31 pm

PFC

Premier Financial (NASDAQ:PFC) reported Q1 2024 earnings of $0.50 per share, surpassing the $0.47 estimate, but missed sales estimates with $49.574M against the expected $57.164M, marking an 11.93% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:28 pm

ZION

Analysts have varied views on Zions Bancorp (NASDAQ:ZION), with recent ratings ranging from neutral to sector perform. The average 12-month price target is $46.22, up from $44.94, with actions including both raises and lowers by firms such as UBS, RBC Capital, and Deutsche Bank. Zions Bancorp, a regional U.S. bank, faces challenges in revenue growth and net margin but excels in ROE. Its market capitalization and debt management indicate a conservative financial approach.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 9:00 pm

LRN

Stride Inc. projects its FY24 revenue to be between $2.025 billion and $2.040 billion, slightly above the estimated $2.023 billion.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:54 pm

HIW

Highwoods Properties (HIW) reported Q1 2024 FFO of $0.89 per share, meeting analyst estimates, and sales of $211.275M, exceeding expectations by 2.17%. However, this reflects a 9.18% decrease in earnings and a 0.69% decrease in sales from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:51 pm

V

Visa anticipates its fiscal year 2024 net revenue to grow in the low double-digit range, with earnings per share (EPS) expected to increase in the low-teens.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:28 pm

FVCB

FVCBankcorp (NASDAQ:FVCB) reported Q1 2024 earnings of $0.20 per share, meeting analyst estimates, but missed sales forecasts with $12.792M versus the expected $13.315M, marking an 8.72% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:25 pm

HA

Hawaiian Holdings projects its Q2 2024 Operating Revenue Per Available Seat Mile (RASM) to range between a decrease of 1.5% and an increase of 1.5%.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:04 pm