Streetbeat News

Revenues

TU

TELUS Corp has set its financial targets for 2024, aiming for TTech Operating Revenue growth of 2%-4%, an Adjusted EBITDA growth of 5.5%-7.5%, a Free Cash Flow of approximately $2.3 billion, and Capital Expenditures of about $2.6 billion. These targets are supported by TELUS' diversified growth businesses including TELUS International, TELUS Health, and TELUS Agriculture & Consumer Goods, and are part of a strategic focus on subscriber growth, network investments, and cost efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 11:56 am

EMBC

Embecta has updated its revenue forecast for 2024, now expecting revenues to be between $1.094 billion and $1.116 billion. This is an increase from their previous guidance of $1.085 billion to $1.105 billion and slightly above the consensus estimate of $1.10 billion.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 11:39 am

INTC

MSFT

Carl Pei, co-founder of Nothing, humorously questioned the concept of 'AI PCs' as promoted by Dell CEO Michael Dell and Microsoft CEO Satya Nadella. Despite the buzz around AI integration in PCs by tech giants like Intel and Microsoft, there's a lack of clarity on what 'AI PC' specifically entails. However, Intel and Microsoft's push towards AI-powered PCs is seen as a driving factor for the anticipated rebound in global PC shipments, with AI PCs expected to dominate the market by 2027.

Portfolio Pulse from Rounak Jain

February 09, 2024 | 11:00 am

BTCUSD

ETHUSD

A JPMorgan survey reveals 78% of institutional traders are not considering cryptocurrency trading in the next five years, despite a slight increase in current crypto trading and future plans. AI and machine learning are seen as more influential for the future of trading, while interest in blockchain technology declines.

Portfolio Pulse from Benzinga Neuro

February 09, 2024 | 9:01 am

FXI

China reported new loans for January totaling 4,920.0 billion, surpassing the estimated 4,500.0 billion and significantly higher than the previous 1,170.0 billion.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 8:09 am

MGA

PAA

PEP

PINS

TTWO

U.S. stock futures are trading lower with focus on PepsiCo, Take-Two Interactive, Plains All American Pipeline, Pinterest, and Magna International ahead of Friday's trading. PepsiCo is expected to report earnings of $1.72 per share on $28.40 billion revenue. Take-Two's Q3 net bookings fell 3% YOY, and it lowered its 2024 forecast. Plains All American is anticipated to earn 37 cents per share on $12.65 billion revenue. Pinterest reported strong Q4 earnings but missed sales estimates, expecting Q1 revenue below estimates. Magna International is expected to report earnings of $1.48 per share on $10.46 billion revenue.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 7:45 am

EWG

Germany's Consumer Price Index (CPI) for January showed a year-over-year increase of 2.9%, aligning with estimates and marking a decrease from the previous 3.7%.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 7:01 am

EWG

Germany's Consumer Price Index (CPI) for January showed a month-on-month increase of 0.2%, aligning with estimates and showing a slight increase from the previous month's 0.1%.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 7:01 am

CRESY

Cresud reported a 6-month revenue of ARS 204,745 million, a decrease from ARS 210,149 million year-over-year. However, its earnings per share (EPS) increased to ARS 69.91 from ARS 47.67 in the same period.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 6:30 am

SXT

Sensient Technologies projects its 2024 revenue, adjusted EBITDA, and adjusted EPS to increase at a low-to-mid single-digit rate on a local currency basis.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 10:27 pm