Streetbeat News

Stock Prices

GM

GM has increased its 2024 adjusted automotive free cash flow guidance from the previous range of $8 billion to $10 billion to a new range of $8.5 billion to $10.5 billion.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:32 am

PHM

PulteGroup (NYSE:PHM) reported Q1 earnings of $3.10 per share, surpassing the $2.36 estimate, a 31.91% increase from last year. Sales reached $3.95B, beating the $3.58B estimate, marking a 10.43% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:32 am

XRX

Xerox Holdings (NASDAQ:XRX) reported Q1 2024 earnings of $0.06 per share, missing the $0.35 estimate, and sales of $1.502B, missing the $1.534B estimate. This represents a significant decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:32 am

GM

GM has increased its adjusted EPS guidance for 2024 from the previous range of $8.50-$9.50 to a new range of $9.00-$10.00, compared to the analyst estimate of $9.08.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:31 am

JBLU

JetBlue Airways (NASDAQ:JBLU) reported Q1 2024 adjusted EPS of $(0.43), surpassing the $(0.52) estimate, with sales of $2.209B also beating the $2.205B estimate. This represents a 26.47% decrease in losses per share and a 5.11% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:31 am

HIBB

JDSPY

NKE

Hibbett, Inc. (NASDAQ:HIBB) shares surged 18% in premarket trading after announcing JD Sports Fashion PLC (OTC:JDSPY) will acquire it for $87.50 per share, a 21% premium over its April 22, 2024, closing price, valuing Hibbett at approximately $1.1 billion. The acquisition is expected to close in the second half of 2024, with Hibbett maintaining its headquarters in Birmingham, Alabama. The deal is seen as a strategic expansion for JD Sports, combining two leading athletic retail brands in the U.S.

Portfolio Pulse from Nabaparna Bhattacharya

April 23, 2024 | 10:27 am

GLD

SPY

U.S. stock markets closed higher with the S&P 500, Nasdaq, and Dow Jones seeing gains after a six-day loss streak, buoyed by positive economic data and anticipation of quarterly earnings reports. Asian and European markets also advanced, except for China's indexes which declined. Gold prices fell amid diminished geopolitical tensions and a stronger dollar.

Portfolio Pulse from Akanksha Bakshi

April 23, 2024 | 10:22 am

PEBO

Peoples Bancorp (NASDAQ:PEBO) reported Q1 2024 earnings of $0.84 per share, surpassing the $0.80 estimate, and sales of $113.161M, exceeding the $109.737M forecast. This represents a 12.5% decrease in EPS from the previous year but a 19.72% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:20 am

CALX

Calix Inc (NYSE:CALX) reported a Q1 FY24 sales decline of 9.5% YOY to $226.31 million, missing estimates. Gross margin expanded to 54.2%, but gross profit fell 4.3%. Operating expenses rose 5.5%, leading to an operating loss of $2 million. Adjusted EPS of $0.21 beat estimates. Q2 revenue outlook is below consensus, with expected adjusted EPS significantly lower than estimates. CALX shares dropped 18.44% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 23, 2024 | 10:19 am

NCTY

The9 Limited (NCTY), an established Internet company, has regained compliance with Nasdaq Listing Rule 5550(b), meeting the minimum requirements for stockholders' equity, market value of listed securities, or net income from continuing operations for The Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:18 am