Streetbeat News

Revenues

CF

CF Industries Holdings anticipates a constructive global nitrogen supply-demand balance in the near term and expects the balance to tighten in the medium term.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:35 pm

PGRE

Paramount Group (NYSE:PGRE) reported a decrease in Q4 FFO to $0.21 per share from $0.25 YoY, but sales increased to $192.47M, beating the $176.98M estimate.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:31 pm

ROIC

Retail Opportunity Investments Corp. (ROIC) reported Q4 2023 FFO of $0.27 per share, surpassing the $0.26 estimate, with sales of $84.65M exceeding the $77.61M forecast. This represents a 5.56% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:31 pm

HSY

LDSVF

MDLZ

Cocoa prices have surged over 100% in the past year, reaching over $5,500 per tonne due to supply challenges in West Africa, particularly from Ivory Coast and Ghana. This increase is attributed to diseases and adverse weather conditions, along with rising freight rates amid tensions in the Red Sea area. The U.S., being the largest chocolate market, is affected, with companies like Mondelez International Inc. (MDLZ), The Hershey Company (HSY), and Lindt & Sprüngli AG (LDSVF) potentially facing higher costs.

Portfolio Pulse from Piero Cingari

February 14, 2024 | 9:30 pm

ISSC

Innovative Solutions (ISSC) reported a 50% increase in Q1 EPS to $0.06 from $0.04 YoY and a 42.85% increase in sales to $9.31M from $6.52M YoY.

Portfolio Pulse from Happy Mohamed

February 14, 2024 | 9:29 pm

ET

Energy Transfer projects its 2024 Adjusted EBITDA to be between $14.5B-$14.8B, marking a 7% increase from its 2023 Adjusted EBITDA of $13.7B, which itself was $100M above the company's highest estimates for 2023.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:28 pm

MMLP

Martin Midstream Partners (MMLP) reported Q4 2023 GAAP EPS of $0.02 and sales of $181.10M, surpassing the $177.85M estimate. This represents a 25.60% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:28 pm

EPRT

Essential Props Realty (EPRT) reported a Q4 FFO of $0.42 per share, up 7.69% from $0.39 YoY, with sales of $97.73M beating the $93.62M estimate, a 31.58% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:27 pm

FROG

JFrog, a DevOps software company, has provided its financial outlook for FY24, projecting total revenues to be between $424M-$428M, surpassing the estimated $421.768M. Additionally, the company anticipates its adjusted EPS (Earnings Per Share) to range from $0.58 to $0.60, exceeding the estimated $0.52.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:26 pm

MS

Morgan Stanley (NYSE:MS) is planning to cut hundreds of jobs in its wealth management division, as part of cost-cutting measures by new CEO Ted Pick due to a slowdown in growth. The layoffs will target a mix of roles, including managing directors and non-client-facing staff. This move comes after the firm's major acquisitions, including E*Trade, and as the wealth management division, which manages around $5 trillion in assets and contributes to nearly half of Morgan Stanley's revenue, experiences stagnant growth and a decrease in net new assets.

Portfolio Pulse from Michael Cohen

February 14, 2024 | 9:24 pm