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DD

DuPont de Nemours shares surged following the announcement of stronger-than-anticipated Q1 financial results and an upgraded forecast for FY24.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:13 am

CVE

Cenovus Energy (NYSE:CVE) reported Q1 2024 earnings of C$0.62 per share, surpassing the C$0.53 estimate, marking a 93.75% increase from last year. However, their sales of C$13.400B fell short of the C$14.134B estimate, despite being a 47.74% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:11 am

AXTA

Axalta Coating has increased its FY24 adjusted EPS outlook to $1.90 - $2.00, up from the previous $1.80 - $1.95, surpassing the $1.89 estimate. The company expects Q2 2024 net sales growth of 3% - 5% and a low single-digit increase for the full year. Adjusted EBITDA is projected at approximately $275 million for Q2 and between $1,050 - $1,080 million for FY24. The adjusted diluted EPS for Q2 is estimated at around $0.50, with free cash flow projected between $425 - $475 million for the full year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:11 am

NAPA

The Duckhorn Portfolio announced its Q3 preliminary net sales to be between $91M-$93M, which is lower than the previous $102.4M.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:10 am

AMD

SMCI

SWKS

Semiconductor stocks are trading lower following disappointing quarterly earnings reports from AMD and Supermicro, and Skyworks' Q3 revenue guidance falling short of estimates. This trend impacts a broad range of semiconductor companies.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:10 am

AMZN

Amazon shares are trading higher following better-than-expected Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:08 am

SBUX

Starbucks shares are trading lower due to weaker-than-expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:08 am

PINS

Pinterest shares surged following the announcement of strong Q1 earnings and positive Q2 guidance, indicating a robust financial performance and optimistic future outlook.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:08 am

AMD

AMD shares are trading lower due to in-line Q2 revenue guidance and a year-over-year decline in Gaming and Embedded segment revenues.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:08 am

LEG

Leggett & Platt's shares dropped following the announcement of disappointing Q1 financial results and a reduction in its dividend.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:08 am