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UMC

United Microelectronics (NYSE:UMC) reported Q1 2024 earnings per share of $0.13, missing the consensus estimate of $0.15, and sales of $1.708B, missing the estimate of $1.730B. This represents a 36.1% decrease in earnings and a 0.77% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:21 am

META

SNAP

Shares of Meta Platforms, Inc. (META) and Snap Inc. (SNAP) are trading higher following the passage of a US Senate bill requiring ByteDance to divest TikTok or face a ban of the app.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:20 am

TNL

Travel+Leisure (TNL) reported Q1 adjusted earnings of $0.97 per share, surpassing the $0.86 estimate, with sales of $916M also beating the $906.16M estimate. This represents an earnings increase of 8.99% and a sales increase of 4.21% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:19 am

V

Visa shares are trading higher following the announcement of their Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:17 am

TMO

Thermo Fisher Scientific's shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company has uplifted its financial guidance for FY24, signaling stronger performance ahead.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:17 am

CSTM

Constellium repurchased 330 thousand shares for $6.9M in Q1, with a cash from operations of €54M and a free cash flow of €(8)M. The company's leverage stood at 2.4x as of March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:16 am

ADI

AMD

TXN

Semiconductor stocks are up following Texas Instruments' report of better-than-expected Q1 financial results, indicating a positive outlook for the sector.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:16 am

VIRT

Virtu Financial (VIRT) reported Q1 2024 adjusted earnings per share of $0.76, surpassing the $0.53 estimate, a 43.4% beat. Adjusted trading income was $366.871M, exceeding the $318.713M estimate by 15.11%. Despite the beat, sales saw a 1.66% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:16 am

TXN

Texas Instruments shares are trading higher following a Q1 earnings beat.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:14 am

CSTM

Constellium (NYSE:CSTM) reported Q1 earnings of $0.12 per share, missing the $0.27 estimate, and sales of $1.8B, beating the $1.7B estimate. Earnings per share decreased by 20% and sales by 10.48% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:12 am