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MNST

Monster Beverage shares dropped following a downgrade by Truist Securities from Buy to Sell, with a price target reduction from $65 to $46.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:42 am

CCL

CUK

NCLH

RCL

Cruise stocks are trading higher after Royal Caribbean raised its 2024 guidance, indicating a positive outlook for the industry.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:41 am

MRK

Merck's stock price increased following the announcement of its Q1 financial results, which exceeded expectations. Additionally, the company has raised its financial guidance for 2024, signaling confidence in its future performance.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:40 am

FCNCA

First Citizens BancShares (NASDAQ:FCNCA) reported Q1 adjusted earnings of $52.92 per share, surpassing the $43.32 estimate, marking a 163.41% increase from last year. However, their sales of $1.82B fell short of the $2.36B estimate, despite being a 114.12% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:39 am

AIT

Applied Industrial (NYSE:AIT) reported Q3 2024 earnings of $2.48 per share, surpassing the $2.41 estimate, with sales of $1.146B also beating the $1.132B estimate. This represents a slight increase in both earnings and sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:38 am

WEX

WEX has increased its FY24 revenue outlook from $2.70B-$2.74B to $2.73B-$2.77B, surpassing the estimated $2.735B. Additionally, the adjusted EPS forecast has been raised from $15.90-$16.40 to $16.10-$16.60, aligning with the estimated $16.25.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:37 am

TRU

Transunion projects its Q2 adjusted EPS to be between $0.95 and $0.98, surpassing the estimated $0.90. Revenue is expected to be between $1.017 billion and $1.026 billion, also exceeding the $1.01 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:37 am

CMS

CMS Energy has reaffirmed its FY24 adjusted EPS guidance in the range of $3.29-$3.35, aligning with the estimated $3.33. The company also maintains its long-term adjusted EPS growth forecast of 6%-8%, expressing continued confidence in achieving the higher end of this range.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:37 am

CBZ

CBIZ (NYSE:CBZ) reported Q1 adjusted earnings of $1.54 per share, surpassing the $1.50 estimate, and sales of $494.30M, exceeding the $490.88M estimate. This represents a 5.48% increase in earnings and an 8.73% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:36 am

CARR

Carrier updated its financial outlook, projecting a 2024 adjusted operating margin of approximately 15.5%. The company has lowered its sales guidance from around $26.5 billion to about $26 billion, compared to the estimated $26.22 billion. However, Carrier reaffirmed its adjusted EPS guidance for the year, maintaining it at $2.80-$2.90, in line with the $2.84 estimate.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:36 am