Streetbeat News

Revenues

COST

Costco reported Q4 earnings with revenue slightly missing estimates but EPS beating expectations. Comparable sales increased by 5.4%, and e-commerce sales surged by 18.9%. Despite these positive figures, shares fell 1.10% in after-hours trading.

Portfolio Pulse from Adam Eckert

September 26, 2024 | 8:52 pm

MTN

Vail Resorts reported mixed Q4 results with a larger-than-expected loss per share but slightly higher revenue than anticipated. The company announced a $100 million transformation plan, including workforce reductions, to drive future growth. Despite a decline in skier visitation due to unfavorable conditions, Vail Resorts remains optimistic about its fiscal year 2025 revenue outlook.

Portfolio Pulse from Erica Kollmann

September 26, 2024 | 8:46 pm

CVNA

Carvana (NYSE:CVNA) has delivered an impressive annualized return of 20.63% over the past 5 years, outperforming the market by 6.32%. A $1000 investment in Carvana 5 years ago would now be worth $2,594.09, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 8:30 pm

BX

Blackstone (NYSE:BX) has significantly outperformed the market over the past 5 years, with an annualized return of 26.59%. A $1000 investment in BX 5 years ago would now be worth $3,142.30. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 8:30 pm

COST

Costco reported a 19.5% growth in Q4 adjusted e-commerce comparable sales and a 6.9% growth in total company comparable sales.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:18 pm

COST

Costco Wholesale reported Q4 2024 earnings per share of $5.29, surpassing the expected $5.08. However, sales were slightly below expectations at $79.697 billion, missing the $79.973 billion estimate. Sales increased by 0.96% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:15 pm

GGG

Graco Inc. has signed a definitive agreement to acquire Corob S.p.A for €230 million, with an additional contingent consideration of up to €30 million. Corob reported €110 million in revenue for Q4. The transaction is expected to close in Q4.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:14 pm

MTN

Vail Resorts anticipates achieving $100 million in annualized cost efficiencies by the end of fiscal year 2026. This will be accomplished through scaled operations, global shared services, and expanded workforce management.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:10 pm

MTN

Vail Resorts projects its fiscal year 2025 revenue to be $3.03 billion, slightly above the estimated $3.01 billion. The company also provided guidance on its Resort EBITDA and margin.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:08 pm

AIR

AAR Corp has been awarded a $1.2 billion five-year contract by the U.S. Navy for the overhaul and maintenance of P-8A Poseidon engines. This contract highlights AAR's strong position in the aerospace maintenance sector.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:06 pm