Streetbeat News

Revenues

GB

Global Blue Gr Holding (NYSE:GB) reported Q3 earnings of $0.06 per share, meeting analyst estimates. However, their quarterly sales of $117.76M fell short of the expected $119.60M, a miss by 1.54%, but marked a 33.10% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:19 am

GENE

Genetic Technologies reported a revenue of AUD3.96M for the period ending Dec. 31, 2023, a decrease from AUD4.15M year-over-year. The company also announced cash receipts of AUD5.6M for the half-year ending December 2023.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 10:09 am

CCEP

KO

Coca-Cola Europacific Partners (CCEP) and Aboitiz Equity Ventures Inc. (AEV) have completed the acquisition of Coca-Cola Beverages Philippines, Inc. (CCBPI) from The Coca-Cola Company (KO) for $1.8 billion. This acquisition, which gives CCEP a 60% ownership and AEV 40%, is expected to be immediately EPS accretive, diversifies CCEP's footprint in the Asia-Pacific region, and aligns with its long-term growth strategy.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:22 am

CCEP

Coca-Cola Europacific Partners Plc (CCEP) forecasts a comparable revenue growth of approximately 4% year-over-year for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:19 am

CCEP

Coca-Cola European (CCEP) reported an 11.85% increase in adjusted EPS to $3.99 from $3.57 YoY and a 7.89% increase in sales to $19.70B from $18.26B YoY.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:17 am

EWG

Germany's Gross Domestic Product (GDP) for Q4 showed a year-on-year decrease of 0.2%, aligning with estimates and showing a slight improvement from the -0.4% recorded in the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:05 am

HD

LL

LOW

TSCO

The rise in multi-generational households due to economic pressures is impacting various sectors, including housing, banking, and retail. The trend, driven by financial necessity and demographic changes, is leading to increased demand for multi-generational homes and remodeling, affecting companies like Home Depot, Lowe's, Lumber Liquidators, and Tractor Supply Company. This shift also poses challenges for the banking sector, as it could lead to decreased demand for credit.

Portfolio Pulse from Marco Rabinowitz

February 23, 2024 | 3:26 am

NU

Nu Holdings reported Q4 earnings of $0.07 per share, missing the $0.08 estimate, but its sales of $2.40B exceeded the $2.22B estimate. This represents a 270% increase in earnings and a 65.75% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:37 pm

GRBK

Green Brick Partners, Inc. (GRBK) and Hersh Family Investments announce Rainwater Crossing, a new joint venture community in Celina, Texas. Spanning over 550 acres, the development will feature more than 1,900 homesites with amenities including a resort-style clubhouse, swimming pool, and sport courts. This marks the sixth community in Celina involving Green Brick, showcasing homes built by four Green Brick subsidiary builders.

Portfolio Pulse from Happy Mohamed

February 22, 2024 | 10:28 pm

MELI

MercadoLibre, Inc. (NASDAQ:MELI) reported mixed Q4 results with earnings per share of $3.25, unchanged from last year, and quarterly sales of $4.26 billion, surpassing analyst expectations. The company highlighted significant growth in its Ads platform and fulfillment network, emphasizing its strategic investments in technology and market positioning in Latin America. Despite these positive developments, MELI shares dropped 8.69% in after-hours trading.

Portfolio Pulse from Erica Kollmann

February 22, 2024 | 10:18 pm