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FLR

Fluor Corp (NYSE:FLR) reported a slight revenue decline in Q1 fiscal 2024, missing consensus estimates with $3.734 billion versus the expected $3.997 billion. Despite the revenue miss, the company saw an improvement in adjusted EPS to $0.47 from $0.28 year-over-year, although it still fell short of the consensus of $0.54. Segment profits turned positive to $118 million from a loss of $15 million a year ago, and net earnings improved significantly to $59 million from a loss of $107 million in the same quarter last year. The company also reported a substantial increase in new awards and a 27.8% year-over-year increase in its backlog. Fluor reaffirmed its 2024 outlook, expecting adjusted EBITDA of $600 million to $700 million and adjusted EPS of $2.50 to $3.00. Despite these positive indicators, FLR shares dropped by 5.06% to $39.15.

Portfolio Pulse from Akanksha Bakshi

May 03, 2024 | 2:39 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) shares fell after reporting Q1 financial results, surpassing revenue estimates with $1.64 billion and earnings of $4.40 per share. Analysts have adjusted their price targets, with a mix of raised and lowered expectations, reflecting a diverse outlook on the stock's future performance. Despite beating revenue estimates, COIN's stock is trading lower, indicating market reactions to other factors beyond the earnings report.

Portfolio Pulse from Erica Kollmann

May 03, 2024 | 2:35 pm

AAON

AAON shares are trading lower following the company's report of worse-than-expected Q1 earnings per share (EPS) and sales figures.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 2:34 pm

ACLS

Axcelis Technologies' stock (ACLS) trades higher following an upgrade from Hold to Buy by Craig-Hallum.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 2:31 pm

AMD

Over the past 5 years, Advanced Micro Devices (NASDAQ:AMD) has significantly outperformed the market, with an annualized return of 28.98% and an average annual return of 41.08%. A $1000 investment in AMD 5 years ago would now be worth $5,434.62, showcasing the impact of compounded returns on investment growth. AMD's current market capitalization stands at $240.75 billion.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 2:30 pm

UNH

Over the past 10 years, UnitedHealth Group (NYSE:UNH) has produced an average annual return of 20.35%, outperforming the market by 9.84% annually. A $100 investment in UNH a decade ago would now be worth $628.93, showcasing the impact of compounded returns on investment growth. UnitedHealth Group's current market capitalization stands at $450.89 billion.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 2:30 pm

GGB

Gerdau's stock price increased after the company reported its first-quarter earnings.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 2:29 pm

ATGE

Adtalem Global Education's stock price increased following the announcement of its Q3 results, which exceeded expectations. Additionally, the company has raised its guidance for FY24, signaling stronger future performance.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 2:25 pm

PCTY

Paylocity Holding's shares surged following the announcement of Q3 financial results that exceeded expectations. The company also provided optimistic Q4 and FY24 revenue guidance, surpassing estimates. Additionally, a $500 million share repurchase program was approved by the Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 2:25 pm

AAPL

BRK

Warren Buffett's Berkshire Hathaway is set to receive $226M in dividends from Apple following a 4.2% dividend hike. Berkshire's holding in Apple, a core equity, was 904.87 million shares valued at $174.21 billion at the end of Q4. Despite a 10.82% drop in Apple's share value in the March quarter, the dividend income remains significant. Apple's performance has seen fluctuations, with recent revenue declines attributed to China's market. However, prospects may improve with anticipated iPhone sales growth and an 'AI-driven' super-cycle expected with the iPhone 16 release.

Portfolio Pulse from Shanthi Rexaline

May 03, 2024 | 2:23 pm