Streetbeat News

Stock Prices

BXP

Boston Properties (NYSE:BXP) reported a Q4 FFO per share of $1.82, slightly beating the estimate of $1.81, and sales of $828.93M, surpassing the expected $813.32M. However, the FFO per share represents a 2.15% decrease from the same quarter last year, while sales show a 4.95% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:39 pm

CP

Canadian Pacific Railway (NYSE:CP) reported Q4 2023 earnings of $0.87 per share, missing the consensus estimate of $1.13 by 23.01%. Quarterly sales were $2.77B, falling short of the $3.69B estimate by 24.79%, but marking a 51.34% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:38 pm

OPOF

Old Point Financial (NASDAQ:OPOF) reported a 45.28% decrease in quarterly earnings, with Q4 EPS at $0.29 compared to $0.53 per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:38 pm

SBUX

Starbucks Corp (NASDAQ:SBUX) reported an 8% increase in Q1 revenue to $9.4 billion, missing the consensus estimate of $9.59 billion. Earnings per share were 90 cents, below the expected 93 cents. Global comparable store sales rose 5%, with a 5% increase in North America, 10% in China, and 7% internationally. Rewards memberships grew by 13% to 34.3 million. The company opened 549 new stores, reaching 38,587 locations. CEO Laxman Narasimhan emphasized the brand's strength and focus on innovation. Starbucks stock rose 2.73% after hours to $96.61.

Portfolio Pulse from Adam Eckert

January 30, 2024 | 9:37 pm

FNWD

Finward Bancorp (NASDAQ:FNWD) reported Q4 2023 earnings of $0.35 per share, missing the consensus estimate of $0.46, and sales of $15.45M, also below the expected $16.50M. This represents a 21.37% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:37 pm

SBUX

Starbucks shares have risen following the release of their Q1 financial results, indicating a positive reception from investors to the company's recent performance.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:35 pm

APAM

Artisan Partners Asset (NYSE:APAM) reported Q4 earnings with an EPS of $0.78, beating estimates by 5.41% against the expected $0.74. Revenue increased by $23 million from the same period last year. Despite missing EPS estimates last quarter, APAM's share price increased by 2.3% the following day. Historical earnings and revenue figures for the past four quarters are provided for context.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 9:35 pm

GME

The meme coin with the ticker $GME has seen a 330% increase in value over the past 24 hours, surpassing $40 million in market capitalization. This surge in the cryptocurrency has been accompanied by a significant rise in social media interest, particularly on the platform formerly known as Twitter, where the $GME ticker has been trending. The trading volume of the meme coin has exceeded that of GameStop's stock, with $22.3 million traded in the last day. Crypto researcher Jack Niewold speculates that the market cap of the meme coin could potentially surpass that of GameStop's stock.

Portfolio Pulse from Ivan Crnogatić

January 30, 2024 | 9:34 pm

PCVX

Vaxcyte has initiated a proposed public offering of common stock and pre-funded warrants, with the terms yet to be disclosed. The completion of the offering is contingent on market conditions and other factors, and there is no guarantee of the offering's size, terms, or completion timeline.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:33 pm

XLE

Ed Yardeni, a seasoned Wall Street investor, recommended energy stocks as a hedge against potential oil price shocks due to Middle East volatility. He drew parallels with the 1970s oil crises and mentioned the Russian conflict in Ukraine as a potential catalyst for another shock. Yardeni also discussed the tech sector's strength and the Federal Reserve's policy dilemma, suggesting a moderate approach to interest rate cuts. The Energy Select Sector SPDR Fund (XLE) has risen 5% in the past week.

Portfolio Pulse from Piero Cingari

January 30, 2024 | 9:33 pm