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MLI

Mueller Industries reported Q1 2024 earnings of $1.21 per share, surpassing the $0.94 estimate, but sales of $849.650M fell short of the $874.000M forecast. This reflects a 21.43% decrease in earnings and a 12.51% drop in sales from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:28 am

DCOM

Dime Community Bancshares (NASDAQ:DCOM) reported Q1 2024 adjusted EPS of $0.38, surpassing the $0.37 estimate, with sales of $81.997M exceeding the $72.425M forecast. This represents a 60% decrease in earnings and a 13.46% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:21 am

CATC

Cambridge (NASDAQ:CATC) reported Q1 2024 adjusted EPS of $1.02, surpassing the $1.01 estimate, but its sales of $37.638M fell short of the $38.055M forecast. This represents a 37.04% decrease in earnings and a 16.29% drop in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:14 am

FISV

Fiserv shares are trading higher following the announcement of better-than-expected Q1 results and the reiteration of their FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:13 am

CSGP

MTTR

Matterport, Inc. (NASDAQ:MTTR) shares are trading lower after a significant rise due to an acquisition agreement with CoStar Group, Inc (NASDAQ:CSGP). The deal, valued at approximately $2.1 billion in equity and $1.6 billion in enterprise value, involves a cash and stock transaction at $5.50 per share. Matterport stockholders will receive $2.75 in cash and $2.75 in CoStar Group stock per share. The transaction is expected to close within the year, pending Matterport stockholder approval.

Portfolio Pulse from Nabaparna Bhattacharya

April 23, 2024 | 11:12 am

SASR

Sandy Spring Bancorp (SASR) reported Q1 2024 earnings of $0.49 per share, surpassing the $0.45 estimate, but missed sales estimates with $79.343M against the expected $81.060M, marking an 18.46% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:12 am

NBST

Infinite Reality has acquired The Drone Racing League for $250 million, enhancing its position in the immersive technology, digital media, and entertainment industries. This move comes as part of its go-public transaction with Newbury Street Acquisition Corporation (NASDAQ:NBST).

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:09 am

KMB

Kimberley-Clark has raised its adjusted EPS growth outlook for FY24 to a low-teens percentage rate from its previous forecast of high-single-digit growth.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:07 am

KMB

Kimberley-Clark has revised its FY24 organic net sales growth outlook to mid-single digits, an update from the previously forecasted low-to mid-single-digit growth.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:05 am

KMB

Kimberly-Clark reported Q1 adjusted earnings of $2.01 per share, surpassing the $1.63 estimate, and sales of $5.15B, exceeding the $5.09B estimate. This represents a 23.31% earnings beat and a slight 0.89% decrease in sales from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:03 am