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GE

GEHC

GEV

GE Aerospace (NYSE:GE) reported a 15% YoY adjusted revenue growth for Q1 2024 to $8.1 billion, with orders up 34% to $11 billion. Consolidated revenue, including GE Aerospace and GE Vernova Inc. (NYSE: GEV), grew 11% YoY to $16.1 billion. Adjusted EPS for the consolidated company was $0.82, up from $0.27 a year ago. GE completed the separation of GE Vernova and monetized shares in GE HealthCare Technologies Inc. (NASDAQ:GEHC), leading to a profit margin expansion and a share repurchase. The company raised its full-year profit and free cash flow guidance for 2024.

Portfolio Pulse from Akanksha Bakshi

April 23, 2024 | 1:13 pm

CLF

NUE

Cleveland-Cliffs Inc (NYSE:CLF) and Nucor Corp (NYSE:NUE) shares fell after reporting Q1 financial results that missed analyst estimates. CLF reported revenue of $5.2 billion and earnings of 18 cents per share, missing estimates. NUE reported revenue of $8.14 billion and earnings of $3.46 per share, also missing estimates. Both companies engaged in share repurchases, with CLF also announcing a new $1.5 billion repurchase program. Nucor expects Q2 earnings to decrease due to lower average selling prices in its steel mills segment.

Portfolio Pulse from Adam Eckert

April 23, 2024 | 1:12 pm

AFRM

WMT

Affirm Holdings Inc's stock dropped following news that Walmart Inc's majority-owned startup One is offering buy now, pay later services, directly competing with Affirm's exclusive installment loan services for Walmart customers. This development comes as buy now, pay later options drove $19.2 billion in online spending in Q1 2024, a 12% increase year-over-year. Affirm is expected to report a quarterly loss ahead of its earnings announcement on May 8.

Portfolio Pulse from Adam Eckert

April 23, 2024 | 1:12 pm

IVZ

Invesco's shares have declined due to the company reporting financial results for the first quarter that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 1:08 pm

KOPN

A U.S. District Court jury has ruled in favor of BlueRadios, awarding approximately $5.1 million in damages and recommending an additional $19.7 million in disgorgement and exemplary damages against Kopin Corporation. The Court is yet to make a final ruling. Kopin's CEO, Michael Murray, expressed disappointment with the verdict and is considering an appeal.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 1:07 pm

LMT

Lockheed Martin shares are trading higher following the announcement of better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 1:06 pm

GS

SLG

TSM

On CNBC's 'Halftime Report Final Trades,' analysts highlighted Taiwan Semiconductor Manufacturing (TSM), SL Green Realty (SLG), and Goldman Sachs (GS) for their recent financial performances and stock movements. TSM exceeded Q1 financial expectations with a 16.5% revenue increase. SLG reported a 6% yield despite missing sales expectations, and GS reported better-than-expected Q1 earnings, with revenue and EPS beating consensus estimates. Following these reports, TSM, SLG, and GS stocks saw increases in their share prices.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 1:04 pm

HRTX

Heron Therapeutics' stock price increased following Capital One's initiation of coverage with an Overweight rating and a $6 price target.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 1:03 pm

NVR

NVR Inc. reported Q1 2024 earnings of $116.41 per share, surpassing the consensus estimate of $103.97 by 11.96%. Quarterly sales reached $2.286 billion, exceeding the $2.221 billion estimate by 2.91% and marking a 4.96% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 1:03 pm

TXN

Texas Instruments Incorporated (NASDAQ:TXN) is anticipated to release its Q1 earnings after the market closes on Tuesday, with analysts expecting a decrease in earnings per share from $1.85 to $1.07 and a revenue drop from $4 billion to $3.61 billion year-over-year. Evercore ISI Group's analyst Mark Lipacis initiated coverage with an Outperform rating and a $213 price target. The company offers a 3.18% annual dividend yield, equating to $1.30 per share quarterly. To earn $500 monthly from dividends, an investment of approximately $188,598 is required.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 1:03 pm