Streetbeat News

Revenues

FCF

First Commonwealth (NYSE:FCF) reported Q4 adjusted EPS of $0.44, surpassing the $0.39 estimate, marking a 12.82% year-over-year increase. However, their sales of $120.35M fell short of the expected $123.59M, a 2.62% miss, but still a 6.86% increase from the previous year.

Portfolio Pulse from mahesh@benzinga.com

January 30, 2024 | 10:06 pm

APOG

Apogee Enterprises announced strategic changes under Project Fortify, including workforce reduction by 250 employees, elimination of lower-margin products, and consolidation of its Architectural Framing Systems segment. Production will be transferred from Michigan to facilities in Missouri and Wisconsin.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:59 pm

ERJ

Embraer reported a 13% increase in deliveries for 2023 year-over-year, with its backlog reaching $18.7 billion, which is an increase of $1.2 billion from the previous year.

Portfolio Pulse from Charles Gross

January 30, 2024 | 9:57 pm

SBUX

Starbucks Corp (NASDAQ:SBUX) reported an 8% increase in Q1 revenue to $9.4 billion, missing the consensus estimate of $9.59 billion. Earnings per share were 90 cents, below the expected 93 cents. Global comparable store sales rose 5%, with a 5% increase in North America, 10% in China, and 7% internationally. Rewards memberships grew by 13% to 34.3 million. The company opened 549 new stores, reaching 38,587 locations. CEO Laxman Narasimhan emphasized the brand's strength and focus on innovation. Starbucks stock rose 2.73% after hours to $96.61.

Portfolio Pulse from Adam Eckert

January 30, 2024 | 9:37 pm

UPC

Universe Pharmaceuticals reported FY23 revenues of $32.3 million. The financial performance details of the company, which is likely listed as UPC, are not provided beyond the revenue figure.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:34 pm

HA

Hawaiian Holdings, the parent company of Hawaiian Airlines, anticipates an increase in Available Seat Miles (ASMs) for Q1 by 2.5% to 5.5%. However, they also forecast a Revenue per Available Seat Mile (RASM) to be down by 1.0% or up by 2.0%.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:29 pm

LC

LendingClub projects Q1 loan originations to be between $1.5B and $1.7B.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:25 pm

SYK

Stryker Corporation forecasts organic net sales growth of 7.5%-9.0% for 2024, with an adjusted EPS of $11.70-$12.00, surpassing the estimated $11.56. The company anticipates the full year impact of its pricing actions to be approximately flat.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:18 pm

EQR

Equity Residential (NYSE:EQR) reported Q4 2023 earnings per share of $1.00, meeting analyst consensus estimates. Quarterly sales were $727.50 million, slightly surpassing the $725.02 million estimate and marking a 3.97% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:17 pm

AMD

Advanced Micro Devices (AMD) reported Q4 2023 earnings per share (EPS) of $0.77, which was in line with analyst estimates. The company's quarterly sales reached $6.20 billion, surpassing the consensus estimate of $6.12 billion by 1.31% and marking a 10.73% increase from the $5.60 billion reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:16 pm