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AXP

BAH

CL

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WDC

U.S. stock futures are trading lower, with focus on earnings reports from American Express (AXP), Intel (INTC), Colgate-Palmolive (CL), Western Digital (WDC), and Booz Allen Hamilton (BAH). AXP is expected to report earnings of $2.64 per share on revenue of $16.00 billion. INTC reported higher Q4 results but forecasted a weak Q1, causing a 10.9% drop in after-hours trading. CL is expected to report earnings of 85 cents per share on revenue of $4.90 billion. WDC reported better-than-expected Q2 results but expects Q3 revenue between $3.20 billion and $3.40 billion, with potential losses, leading to a 5% drop in after-hours trading. BAH is expected to post earnings of $1.14 per share on revenue of $2.54 billion.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 9:18 am

NSC

Norfolk Southern Corporation (NYSE:NSC) is anticipated to release its Q4 earnings on Jan. 26, 2024, with expected earnings of $2.87 per share, down from $3.42 per share a year ago, and projected revenue of $3.08 billion, down from $3.24 billion. The company's Q3 FY23 results showed a revenue decline of 11% YOY to $2.97 billion, with an adjusted EPS of $2.65. NSC shares closed up 0.3% at $237.85. Analysts from JP Morgan, B of A Securities, BMO Capital, Citigroup, and Wells Fargo have recently adjusted their price targets for NSC.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 8:45 am

AXP

American Express Company (NYSE:AXP) is anticipated to report higher earnings for Q4 before the market opens on Jan. 26, 2024. Analysts predict earnings of $2.64 per share, up from $2.07 the previous year, and revenue of $16 billion, up from $14.18 billion. In Q3, AXP exceeded expectations with revenue of $15.38 billion and EPS of $3.30. AXP shares rose 1.2% to $188.07 recently. Analysts have revised their ratings and price targets, with varied opinions from Baird, JP Morgan, Citigroup, Piper Sandler, and RBC Capital.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 7:38 am

AVBP

ArriVent BioPharma has priced its upsized IPO of 9,722,222 common shares at $18 each, expecting gross proceeds of approximately $175 million. The shares will begin trading on the Nasdaq Global Market under the ticker 'AVBP' on January 26, 2024, with the offering expected to close by January 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:18 am

SGMT

Sagimet Biosciences has priced its public offering of 9 million shares of Series A common stock at $12.50 per share.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:08 am

HTBK

Heritage Commerce Corp reported Q4 earnings of $0.22 per share, missing the consensus estimate of $0.24, and sales of $44.24M, also below the expected $44.54M. This reflects a significant decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:56 am

HMNF

HMN Financial Inc. (HMNF) reported a decrease in earnings and sales for Q4, with EPS dropping to $0.33 from $0.56 YoY and sales falling to $9.36M from $10.86M YoY.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:52 am

RMBI

Richmond Mutual Bancorp (NASDAQ:RMBI) reported a decrease in Q4 earnings to $0.19 per share, down from $0.31 YoY. Sales also fell to $10.51M from $11.91M YoY, marking a 11.79% decline.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:49 am

FRST

Primis Financial Corp. (FRST) reported Q4 adjusted EPS of $0.35, surpassing the $0.28 estimate, marking a 191.67% increase from last year's $0.12. Sales reached $39.24M, exceeding the $27.05M estimate but showing a 3.27% decrease from the previous year's $40.56M.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:48 am

VLVCY

VLVLY

Volvo reported a strong Q4 2023 with a 10% increase in net sales to SEK 148.1 billion and a significant rise in EPS to SEK 5.93 from SEK 3.26 YoY. Adjusted operating income was SEK 18,384 M, up from SEK 12,171 M, with a margin of 12.4%. Currency movements positively impacted operating income by SEK 1,106 M, and operating cash flow in the Industrial Operations was SEK 22,655 M.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:37 am