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Revenues

UPS

UPS has provided its full year 2024 financial outlook, projecting revenues of $92B-$94.5B, which is below the consensus estimate of $95.57B. The company anticipates a consolidated adjusted operating margin of 10.0%-10.6%. Capital expenditures are expected to be about $4.5B, with planned dividend payments of approximately $5.4B, pending board approval. The effective tax rate is forecasted to be around 23.5%.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:09 am

PII

Polaris anticipates a decline in sales by 5%-7% year-over-year (YoY) for 2024, with an expected decrease in adjusted diluted earnings per share (EPS) by 10%-15% YoY.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:08 am

DEO

Diageo Plc (NYSE:DEO) shares dropped over 3% after the company reported a decline in organic net sales and missed analyst estimates. The company faces challenges in Latin America with a 23% sales decline and an expected further decrease of 10%-20% in the second half of the year. CEO Debra Crew is determined to address these issues. Past challenges include considering the sale of its beer portfolio and the end of a partnership with Sean 'Diddy' Combs.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 11:07 am

PII

Polaris (NYSE:PII) reported Q4 adjusted EPS of $1.98, missing the $2.58 estimate, a 42.77% decrease from last year's $3.46. Sales were $2.29B, surpassing the $2.23B estimate but down 4.78% from the previous year's $2.40B.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:05 am

UPS

United Parcel Service (UPS) reported Q4 adjusted earnings of $2.47 per share, meeting analyst estimates but marking a 31.77% decrease from the previous year. Quarterly sales were $24.92B, missing the $25.48B estimate and showing a 7.83% decrease from the prior year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:02 am

AAPL

GOOG

META

MSFT

Xreal, a Chinese AR glasses manufacturer, has raised $60 million in funding, surpassing a $1 billion valuation. The company plans to use the funds to expand manufacturing and R&D to meet demand beyond 2024. Xreal is preparing for an IPO within two years and expects revenues of $200-$300 million by 2025. The company competes with Apple, Meta, and Google in the AR market but does not intend to enter the VR space. Xreal captured about 50% of the AR-exclusive device market in Q3 of the previous year.

Portfolio Pulse from Ananya Gairola

January 30, 2024 | 10:36 am

NUTX

Nutex Health has fully paid off its $2.74M debt to Yorkville Advisors and is executing a new strategic plan. This includes closing two underperforming hospitals in Texas, which is expected to save approximately $5 million annually. The company is also working on initiatives to reduce cash operating expenses and improve profitability by the third quarter of fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:33 am

CHT

Chunghwa Telecom Co. anticipates a revenue increase of 2.4%-3.1% YoY for 2024, with expected revenues between NT$228.54B and NT$230.19B. The company projects an EPS of NT$4.60-NT$4.80. Operating costs are also expected to rise by 4.0%-4.6%, leading to a potential decrease in income from operations. Investments in 5G, data centers, submarine cables, and ESG practices are driving an increase in property, plant, and equipment acquisitions.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:12 am

MOR

MorphoSys AG (NASDAQ:MOR) reported preliminary 2023 Monjuvi U.S. net product sales of $92.0M and Q4 sales of $24.1M. The company expects 2024 sales to be between $80M-$95M, consistent with its original 2023 guidance. Growth is anticipated from new indications being studied in Phase 3 trials. The 2023 gross margin for Monjuvi is 69%, affected by one-time inventory write-offs. Full financial results will be released on March 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 8:23 am

DIS

TSLA

Tesla, Inc. (TSLA) surpassed Disney Co. (DIS) in annual revenue for 2023, reporting $96.77 billion, a 19% increase over the previous year, compared to Disney's $88.90 billion. Despite this, Tesla's stock faced challenges after missing EPS expectations for two consecutive quarters and lowering its 2024 volume growth forecast. Tesla's market cap dropped significantly in January, but shares recovered slightly on Monday. Analysts have mixed views, with some adjusting their outlooks and suggesting strategies for recovery, while others express concern over the near-term future of the stock.

Portfolio Pulse from Shanthi Rexaline

January 30, 2024 | 8:11 am