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XPO

XPO shares are trading higher following the announcement of better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:07 am

UNIT

Uniti Group (NASDAQ:UNIT) reported Q1 2024 earnings of $0.32 per share, missing the consensus estimate of $0.34. Sales were $286.4M, slightly below the estimate of $287.545M, marking a 1.18% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:06 am

SHEN

Shenandoah reported Q1 earnings of $4.21 per share, significantly beating the $(0.01) estimate, marking a 10425% increase from last year. However, their sales of $69.25M fell short of the $71.57M estimate, a 3.40% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:05 am

UNIT

Uniti Group's stock is trading higher following the announcement of a merger with Windstream Holdings II, indicating a positive market reaction to the news.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:05 am

FLGT

Fulgent Genetics (FLGT) projects its 2024 core revenue to be around $280 million, slightly above the consensus estimate of $279.356 million. The company also forecasts an adjusted EPS loss of approximately $(1.05), which is marginally better than the consensus estimate of $(1.06).

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:05 am

AAPL

QQQ

SPY

Wall Street anticipates continued upward momentum, buoyed by Apple's positive earnings report, which included a significant buyback program and a dividend hike. However, upcoming non-farm payrolls data and wage inflation measures may influence market sentiment. Premarket trading saw gains in SPDR S&P 500 ETF Trust and Invesco QQQ ETF. Other stocks showed varied movements based on their earnings reports. The market's direction may hinge on inflation trends and the Federal Reserve's interest rate decisions.

Portfolio Pulse from Shanthi Rexaline

May 03, 2024 | 11:03 am

UNIT

Uniti Group is set to merge with Windstream Holdings II, with Uniti shareholders owning approximately 62% of the combined company's outstanding common equity. Windstream shareholders will receive $425 million in cash, $575 million of preferred equity, and common shares representing about 38% of the outstanding common equity. This strategic merger aims to consolidate their market positions and resources.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:03 am

BCPC

Balchem Corporation (NASDAQ:BCPC) reported Q1 adjusted earnings of $1.03 per share, surpassing the consensus estimate of $0.98 by 4.04%. Quarterly sales reached $239.66 million, exceeding expectations by 3.10% and marking a 3.06% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:02 am

FLGT

Fulgent Genetics (NASDAQ:FLGT) reported Q1 2024 adjusted EPS of $(0.01), significantly beating the $(0.32) estimate, and marking a 95.45% improvement from last year. However, their sales of $64.485M fell short of the $65.363M estimate, a 2.54% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:02 am

BEP

Brookfield Renewable (NYSE:BEP) reported Q1 2024 FFO of $0.45 per share, surpassing the $0.44 estimate, with sales of $1.492B also beating the $1.455B estimate, marking a 12.10% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:00 am