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HON

Honeywell International Inc (NASDAQ:HON) reported Q1 fiscal 2024 sales of $9.105 billion, a 3% increase Y/Y, beating consensus estimates. Adjusted EPS was $2.25, surpassing the $2.17 consensus. The growth was driven by Aerospace Technologies and Energy and Sustainability Solutions. The company also announced the acquisition of Civitanavi Systems to enhance its Aerospace navigation offerings. Honeywell expects Q2 sales between $9.2 billion and $9.5 billion, with adjusted EPS of $2.25 to $2.35. The 2024 outlook anticipates sales between $38.1 billion and $38.9 billion, with adjusted EPS of $9.80 to $10.10.

Portfolio Pulse from Akanksha Bakshi

April 25, 2024 | 3:43 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares fell by 4% on Thursday despite announcing two new contracts for Basic Engineering and Design Packages (BEDP) for projects in Europe and the U.S., totaling up to 350 megawatts of electrolyzers. This addition brings Plug Power's global BEDP contracts to 4.5 gigawatts, including a significant 500 megawatts contract in Europe earlier this year. The company plans to deliver 40 electrolyzer systems by 2024, expanding its presence in multiple regions worldwide.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 3:40 pm

ASX

SOXX

TDIV

ASE Technology Holding Co, Ltd (NYSE:ASX) reported Q1 2024 revenue of $4.24 billion, missing the consensus of $4.41 billion, with a year-on-year growth of 1.5% but a quarter-on-quarter decline of 17.3%. The ATM business grew 0.8% Y/Y, while EMS revenues increased by 2.8% Y/Y. Gross margin improved to 15.7%, but operating margin fell slightly to 5.7%. Diluted EPS was $0.084, below the expected $0.100. Capital expenditures were $228 million. ASX stock is down 2.2% to $10.13, impacting related ETFs SOXX and TDIV.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 3:39 pm

VWAGY

XPEV

XPeng Inc (NYSE:XPEV), a Chinese EV manufacturer, is considering overseas production due to a European investigation into Chinese-made EVs for potential unfair advantages from state subsidies. The European Commission's probe, deemed protectionist by China, has prompted XPeng to review its strategy as it aims to increase its international sales from 1%-2% to around 10% this year. Despite challenges, XPeng plans to expand in Europe and eyes the U.S. market, emphasizing the global transition to green technology.

Portfolio Pulse from Shivani Kumaresan

April 25, 2024 | 3:36 pm

AMSF

AMERISAFE shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:36 pm

WNS

WNS shares are trading lower following the company's issuance of FY25 guidance, which has a midpoint that falls below market estimates.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:35 pm

RES

RPC, Inc.'s shares are trading lower following the announcement that the company missed its first-quarter earnings and sales estimates.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:34 pm

RCL

Royal Caribbean Cruises Ltd (NYSE:RCL) reported a significant first-quarter 2024 revenue growth of 29.2% year-over-year to $3.73 billion, surpassing analyst expectations. The company saw a 34% increase in passenger ticket revenues and a 175% jump in operating income, leading to a raised FY24 EPS guidance from $9.50-$9.70 to $10.70-$10.90. The occupancy rate was 107%, and the company expects net yields to increase by 9% to 10% for FY24.

Portfolio Pulse from Shivani Kumaresan

April 25, 2024 | 3:33 pm

OPRA

Opera shares are trading lower after the company reported mixed results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:30 pm

HOLO

MicroCloud Hologram (NYSE:HOLO) has seen a significant increase in short interest, with the short percent of float rising 54.3% to 19.18%. This indicates a bearish market sentiment towards HOLO, as it now has a higher short interest than most of its peers, with the peer group average at 2.82%. Despite this, an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 3:30 pm