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MDT

Medtronic has revised its fiscal year 2024 organic revenue growth guidance upwards from the initial 4.75% to a new range of 4.75%-5%. The company now expects revenue growth on a reported basis to be between 2.9% and 3.3%.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:49 am

MDT

Medtronic reported Q3 earnings of $1.30 per share, surpassing the $1.26 estimate, and sales of $8.09B, exceeding the $7.95B estimate. This represents a 4.68% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:47 am

CAMT

Camtek (NASDAQ:CAMT) reported Q4 adjusted EPS of $0.57, surpassing the $0.53 estimate, marking a 14% increase from last year. Sales reached $88.69M, exceeding the $88.03M estimate, up 7.93% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:47 am

HPP

Wedbush analyst Richard Anderson downgraded Hudson Pacific Properties (HPP) from Outperform to Neutral and reduced the price target from $11 to $7.5.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:46 am

HR

Wedbush analyst Richard Anderson downgraded Healthcare Realty Trust (NYSE:HR) from Outperform to Neutral and reduced the price target from $19 to $15, indicating a more cautious outlook on the company.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:44 am

SPNS

Sapiens Intl Corp (NASDAQ:SPNS) reported Q4 adjusted EPS of $0.36, surpassing the $0.34 estimate, and sales of $130.86M, slightly above the $130.73M estimate. This represents a 12.5% increase in EPS and a 9.54% increase in sales from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

February 20, 2024 | 11:42 am

BYDDY

TSLA

During the Chinese New Year holiday, BYD Co Ltd and Tesla Inc owners in China drove over 4.46 billion kilometers collectively. BYD owners accounted for 3.76 billion kilometers, with over 66% using battery power. Tesla owners contributed over 700 million kilometers, reducing CO2 emissions by approximately 160,000 tons. This period highlights the intense competition between BYD and Tesla in China, their significant market. In the last quarter of 2023, BYD surpassed Tesla in BEV sales, selling 526,000 units compared to Tesla's 485,000.

Portfolio Pulse from Anan Ashraf

February 20, 2024 | 11:42 am

ETRN

Equitrans Midstream (NYSE:ETRN) reported Q4 earnings, beating estimates with an EPS of $0.32 against the expected $0.2, a 60% beat. Revenue increased by $5.37 million from the previous year. Despite beating last quarter's EPS estimate, the share price dropped by 1.69% the following day. Historical performance shows fluctuating EPS and revenue figures.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 11:40 am

NPO

Enpro (NYSE:NPO) reported Q4 earnings with an EPS of $1.19, missing estimates by 17.36% and a revenue decrease of $22.80 million from the previous year. Despite past earnings misses, the company's share price increased by 4.99% the day after last quarter's earnings were announced.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 11:35 am

OMI

Owens & Minor (NYSE:OMI) reported Q4 earnings, beating estimates with an EPS of $0.69 against the expected $0.66. Revenue increased by $105.15 million year-over-year. Following a previous earnings beat, the share price surged by 27.08% the next day.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 11:35 am