Streetbeat News

Revenues

MCD

McDonald's Corp (NYSE:MCD) plans to open 1,000 new outlets in China this year as part of its strategy to expand in lower-tier cities and aims for 10,000 restaurants in mainland China by 2028. This expansion is in response to market saturation in major cities and economic challenges in China. Despite international challenges, McDonald's reported a 4.3% rise in U.S. same-store sales and 3.4% worldwide in Q4. However, McDonald's shares fell 3.73% following the announcement.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 4:11 am

CIOXY

Cielo reported a 100% increase in Q4 EPS to $0.04 from $0.02 YoY and a 6.84% increase in sales to $559.26M from $523.46M YoY.

Portfolio Pulse from mahesh@benzinga.com

February 05, 2024 | 10:13 pm

ITUB

Itau Unibanco Holding (NYSE:ITUB) reported Q4 adjusted EPS of $0.19, meeting analyst estimates, and sales of $8.27B, exceeding the $7.99B estimate. This represents a 26.67% increase in earnings and a 14.95% increase in sales over the same period last year.

Portfolio Pulse from totan@benzinga.com

February 05, 2024 | 9:49 pm

INCY

MOR

Incyte has entered into an asset purchase agreement with MorphoSys, acquiring exclusive global development and commercialization rights for tafasitamab (Monjuvi/Minjuvi). Incyte will pay MorphoSys $25 million, taking over all U.S. commercialization and clinical development responsibilities. MorphoSys will no longer receive future milestone, profit split, or royalty payments.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:48 pm

PINC

Premier Inc. forecasts FY24 adjusted EPS of $2.06-$2.18, slightly below the $2.16 estimate. Revenue projections are $1.265B-$1.325B, also below the expected $1.331B.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:37 pm

CHX

ChampionX (NASDAQ:CHX) reported Q4 2023 earnings of $0.44 per share, meeting analyst estimates, but missed revenue expectations with $943.55M against a forecast of $948.02M, marking a 4.29% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:33 pm

FMC

FMC Corporation has provided its financial outlook for FY24, projecting adjusted EPS to be in the range of $3.23-$4.41, which is below the estimated $4.38. The company also forecasts revenue to be between $4.50B-$4.70B, slightly below the estimated $4.69B.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:32 pm

RGTI

Rigetti Computing announced its preliminary Q4 revenue to be between $2.9M and $3.4M, and forecasts its FY23 revenue to range from $11.5M to $12.1M.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:29 pm

PLTR

Palantir forecasts its FY24 revenue to be in the range of $2.652B-$2.668B, closely aligning with the analyst estimate of $2.658B.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:28 pm

VRNS

Varonis projects its 2024 revenues to be between $536M and $546M, indicating a year-over-year growth of 7% to 9%. The company also forecasts its adjusted EPS to be in the range of $0.11 to $0.13, which is below the estimated $0.35.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:25 pm