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THCH

TH International (NASDAQ:THCH) reported a Q4 EPS loss of $(0.10), improving from a $(0.11) loss YoY. Sales rose to $55.10M, a 39.45% increase from $39.51M YoY.

Portfolio Pulse from totan@benzinga.com

April 18, 2024 | 10:10 am

ELV

Elevance Health has updated its forecast for the fiscal year 2024, revising its adjusted EPS guidance to over $37.20, up from the previous outlook of over $37.10, and surpassing the consensus estimate of $37.15.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 10:05 am

TCBI

Texas Capital Bancshares (NASDAQ:TCBI) reported Q1 earnings of $0.46 per share, missing the consensus estimate of $0.60 by 23.33%. Year-over-year, earnings decreased by 34.29% from $0.70. However, Q1 sales of $256.33M exceeded estimates by 1.20%, despite a 6.02% decrease from the previous year's $272.75M.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 10:04 am

ELV

Elevance Health (ELV) reported Q1 2024 adjusted EPS of $10.64, surpassing the $10.53 estimate, marking a 12.47% increase from last year. However, their sales of $42.273B fell short of the $42.626B estimate, a slight 0.90% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 10:02 am

WMB

Wolfe Research analyst Keith Stanley downgraded Williams Companies (WMB) from Peer Perform to Underperform with a new price target of $34.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:37 am

ZS

Keybanc analyst Eric Heath upgrades Zscaler (NASDAQ:ZS) from Sector Weight to Overweight and sets a new price target of $220.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:33 am

ALK

Alaska Air Group reported Q1 2024 adjusted EPS of $(0.92), surpassing the $(1.05) estimate, with sales of $2.232B exceeding the $2.190B forecast. This represents a 48.39% decrease in losses per share compared to last year, and a 1.64% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:13 am

AAPL

Huawei Technologies Co. has launched its new Pura 70 smartphone series, directly challenging Apple Inc. (AAPL) in the high-end Chinese market. This move comes as Apple faces declining iPhone sales in China, with the Pura 70 series expected to intensify competition. Analysts have expressed concerns about Apple's future revenue in China, with some remaining optimistic about a turnaround. The launch of the Pura 70, featuring innovative camera technology, could further impact Apple's market position in China.

Portfolio Pulse from Rounak Jain

April 18, 2024 | 8:23 am

IBTA

Ibotta has priced its IPO of 6,560,700 Class A shares at $88 each, with 2,500,000 shares sold by Ibotta and 4,060,700 by selling stockholders. The shares will trade on the NYSE under the symbol "IBTA" starting April 18, 2024. Ibotta won't profit from the stockholders' sales.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:11 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) has resumed deliveries of its Cybertruck after a brief halt, with CEO Elon Musk citing caution as the reason for the pause. The halt was reportedly due to an issue with the pickup truck's accelerator pedal, but no injuries or accidents occurred. Tesla aims to deliver a quarter million Cybertruck vehicles annually, with 2,803 units sold in the U.S. in the first quarter. Tesla shares closed down nearly 1% at $155.45 and dropped nearly 0.5% after hours.

Portfolio Pulse from Anan Ashraf

April 18, 2024 | 8:09 am