Streetbeat News

Revenues

JBLU

JetBlue forecasts a Q1 revenue decline of 9.0% to 5.0% year-over-year, but expects revenue to be approximately flat for the full year 2024.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:35 am

JBLU

JetBlue Airways Corp. reports positive momentum in revenue growth, with strong demand during peak travel periods. This indicates a robust recovery in the travel sector and could signal increasing financial performance for the airline.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:34 am

PHM

PulteGroup reported a significant increase in Q4 net new orders, up 57% to 6,214 homes, with the dollar value rising 56% to $3.4 billion. The growth is attributed to an improved selling environment and a reduction in cancellations, which fell to 9% from 11% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:34 am

CRVL

CorVel Corporation (NASDAQ: CRVL) reported a 3.13% increase in Q3 EPS to $0.99, up from $0.96 YoY, and a 12.78% increase in sales to $202.30M, up from $179.39M YoY.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:18 am

PII

Polaris anticipates continued challenges in its industry segments through 2024 but aims to gain market share with a strong product lineup and new releases later in the year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:10 am

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