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Revenues

CYD

China Yuchai International (NYSE:CYD) reported a 28.57% increase in quarterly earnings per share, rising from $0.77 to $0.99 YoY. Sales also increased by 10.69% from $2.30B to $2.55B YoY.

Portfolio Pulse from saritha@benzinga.com

February 27, 2024 | 11:03 am

AES

AES Corp reported Q4 FY23 earnings with an adjusted EPS of $0.73, surpassing the consensus of $0.67, but missed revenue expectations with $2.97 billion against a forecast of $3.36 billion. The company saw a rise in non-regulated revenue and a decline in regulated revenue, with adjusted EBITDA also decreasing. AES exceeded its strategic objectives, including doubling renewables construction and securing significant asset sale proceeds. The company has a strong backlog and expects growth driven by renewables, U.S. utilities, and improved margins in Chile. AES raised its growth targets for adjusted EPS and EBITDA through 2027 and anticipates a dividend growth post-2024.

Portfolio Pulse from Lekha Gupta

February 27, 2024 | 10:52 am

TILE

Interface forecasts its FY24 net sales to be between $1.26 billion and $1.28 billion, aligning with the consensus estimate of $1.26 billion.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:35 am

TILE

Interface expects its Q1 net sales to be between $280M-$290M, which is in line with the estimated $286.9M.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:34 am

SNN

Smith & Nephew reported a slight increase in FY adjusted EPS to $0.83 from $0.82 YoY and a 6.4% increase in sales to $5.55B from $5.21B YoY.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 9:59 am

SNN

Smith & Nephew reported a Q4 revenue of $1.458 billion, marking a 6.8% increase compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 9:55 am

SPY

Economist Peter Schiff criticizes the trend of consuming cereal for dinner, a cost-saving measure discussed by Kellogg CEO Gary Pilnick, as a reflection of the economic pressures under 'Bidenomics'. Schiff compares the current situation to the Jimmy Carter era, highlighting the financial strain on American families. Despite positive economic indicators, consumer confidence remains low, with President Biden's approval rating dropping amid inflation concerns. The SPDR S&P 500 ETF Trust (SPY) saw a slight decline.

Portfolio Pulse from Shanthi Rexaline

February 27, 2024 | 7:16 am

PLOW

Douglas Dynamics forecasts 2024 net sales of $600M-$660M, aligning with a $633.93M consensus. Adjusted EPS is projected at $1.20-$2.10, versus a $1.74 consensus. The company anticipates 50%-100% EPS growth from 2023, attributing this to demand recovery in Attachments and ongoing profit and margin enhancements. The expected effective tax rate is 24%-25%.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:12 am

EWG

The Germany GfK Consumer Climate for March was reported at -29.0, aligning with the estimated figure and showing a slight improvement from the revised prior value of -29.6. This indicates a marginal but positive shift in consumer sentiment in Germany.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:00 am

CAVA

CAVA Group projects a positive fiscal 2024 outlook with adjusted EBITDA expected to be between $86M-$92M. The company anticipates 3%-5% same restaurant sales growth, 22.7%-23.3% restaurant-level profit margin, and plans to open 48 to 52 new restaurants. Pre-opening costs are estimated to be $11.5M-$12.5M.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:33 am