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SAM

Boston Beer shares surged following the announcement of Q1 financial results that exceeded expectations, along with the issuance of optimistic GAAP EPS guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:51 pm

TEAM

Atlassian Corp (NASDAQ:TEAM) reported fiscal Q3 earnings with revenue and EPS beating estimates, showing a 30% year-over-year revenue increase and a significant improvement in operating income. Subscription revenue grew by 41%, and the company highlighted its transition to a cloud-majority company with over 300,000 customers. However, shares fell in after-hours trading due to the announcement of a CEO transition, with Scott Farquhar stepping down and Mike Cannon-Brookes continuing as CEO. Atlassian expects Q4 revenue to be between $1.12 billion and $1.135 billion, with cloud revenue growth around 32% year over year.

Portfolio Pulse from Adam Eckert

April 25, 2024 | 8:50 pm

SKX

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

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:50 pm

TEX

Terex shares surged following the announcement of Q1 financial results that exceeded expectations, along with FY24 revenue guidance surpassing estimates.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:48 pm

SSNC

SS&C Technologies forecasts Q2 adjusted revenue to be between $1.412B and $1.452B, with an estimated consensus of $1.426B. The adjusted EPS is expected to range from $1.16 to $1.22, closely aligning with the estimated $1.21.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:48 pm

UVE

Universal Insurance Holdings (UVE) reported Q1 2024 adjusted EPS of $1.07, surpassing the $1.04 estimate, and sales of $367.959M, exceeding the $336.086M estimate. This represents a 35.44% increase in earnings and a 16.26% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:48 pm

TEX

Terex Corporation projects its FY24 earnings per share (EPS) to be between $6.95 and $7.35, compared to the estimated $7.04. The company also forecasts revenue to be in the range of $5.2 billion to $5.4 billion, surpassing the estimated $5.158 billion.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:47 pm

FE

FirstEnergy (NYSE:FE) reported Q1 2024 earnings of $0.55 per share, missing the consensus estimate of $0.56 by 1.79%. Year-over-year, earnings decreased by 8.33% from $0.60 per share. Quarterly sales were $3.287 billion, exceeding estimates of $3.222 billion by 2.01% and marking a 1.73% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:47 pm

AMC

AMC Entertainment Holdings (NYSE:AMC) has seen a significant options trading activity, indicating a mixed sentiment among big-money traders, with 62% bullish and 37% bearish. The trading volume and open interest suggest a focus on a price band between $2.5 and $9.0. Notable options activity includes a mix of puts and calls, with a major bearish trade priced at $2.0 for a $4.00 strike price, totaling $1.0M. AMC's current market status shows a slight decrease in stock price to $3.26, with neutral RSI indicators and upcoming earnings expected in 12 days. An analyst from Wedbush maintains a Neutral rating with a target price of $4.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 8:46 pm

TEX

Terex Corporation (NYSE:TEX) reported Q1 2024 earnings of $1.60 per share, surpassing the consensus estimate of $1.37 by 16.79%. Quarterly sales reached $1.292 billion, exceeding expectations of $1.235 billion by 4.61% and marking a 4.53% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:45 pm