Streetbeat News

Stock Prices

FSLY

GIS

RJF

WBS

Insiders at Fastly, General Mills, Raymond James Financial, and Webster Financial have recently sold shares. Fastly's Chief Architect sold shares after a Citigroup upgrade. General Mills' Group President sold shares post mixed Q2 results. Raymond James Financial's EVP sold shares following upbeat Q1 earnings. Webster Financial's President of Commercial Banking sold shares after in-line Q4 earnings. Insider sales can indicate various strategic or personal reasons and should be considered as part of a broader investment decision-making process.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 12:46 pm

PH

Parker Hannifin has updated its FY2024 financial outlook, raising its adjusted EPS guidance from $22.60-$23.40 to $23.90-$24.50, above the $23.26 estimate. The company also increased its GAAP EPS forecast from $18.73-$19.53 to $20.00-$20.60. Additionally, Parker expects total sales growth of 3% to 5% and a total segment operating margin of 20.7% to 21.1%, or 24.1% to 24.5% on an adjusted basis for the fiscal year ending June 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:41 pm

PH

Parker Hannifin (NYSE:PH) reported Q2 adjusted EPS of $6.15, surpassing the $5.26 estimate, marking a 16.92% beat and a 29.2% increase from last year's $4.76. Sales reached $4.82B, slightly above the $4.81B estimate, representing a 3.10% year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:38 pm

SXC

SunCoke Energy (NYSE:SXC) reported Q4 earnings of $0.16 per share, surpassing the $0.13 estimate, and sales of $520.60M, exceeding the $403.05M estimate. This represents a 14.29% increase in earnings and a 1.28% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:36 pm

SIRI

TSLA

Richard Tornetta, a thrash metal drummer and small Tesla investor, has legally challenged Elon Musk's $56 billion pay package, leading to a Delaware court questioning its necessity. Tornetta, holding just nine shares, filed a shareholder derivative lawsuit aiming to rescind Musk's 2018 stock grants, arguing shareholders were inadequately informed. The lawsuit highlights Musk's significant influence over the pay package's terms and approval process. Additionally, Tornetta was involved in a legal case against the sale of Pandora Media to Sirius XM, which settled in 2023.

Portfolio Pulse from Ramakrishnan M

February 01, 2024 | 12:36 pm

LANC

Lancaster Colony (NASDAQ:LANC) reported Q2 earnings of $1.87 per share, surpassing the $1.62 estimate, marking a 28.97% increase from last year. However, their sales of $485.92M fell short of the $492.01M estimate, a slight 1.24% miss but still a 1.79% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:36 pm

MTSI

MACOM Technology Solutions (MTSI) reported Q1 2024 adjusted EPS of $0.58, surpassing the $0.57 estimate, with sales of $157.10M exceeding the $152.12M estimate. This represents a 12.77% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:32 pm

ATI

ATI reported Q4 adjusted EPS of $0.64, surpassing the $0.62 estimate, and sales of $1.06B, exceeding the $1.05B estimate. This represents a 20.75% increase in earnings and a 5.35% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:32 pm

EXTR

Extreme Networks, Inc. (NASDAQ:EXTR) reported mixed Q2 FY24 results with a revenue decline of 6.9% Y/Y to $296.37 million, slightly above consensus but with an adjusted EPS miss. The company forecasts lower than expected revenue and EPS for Q3 and Q4, attributing challenges to the final stages of COVID-induced supply chain constraints. Shares fell 18.8% following the announcement. Analysts from UBS and Needham revised their price targets and ratings for EXTR.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 12:28 pm

NSC

An investor group led by Ancora, holding a $1B stake in Norfolk Southern, is pushing to oust CEO Shaw, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

February 01, 2024 | 12:27 pm