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Alphabet Inc. reported Q4 earnings with higher-than-expected revenue and adjusted earnings per share, but Google's ad sales missed estimates, causing a pre-market drop of 5.6% in its shares. Other stocks also moved lower in pre-market trading, including AMD, AMSC, TER, JL, BTDR, MDLZ, BITF, NVS, and TSLA, due to various reasons such as earnings results, public offerings, and weak forecasts.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 11:10 am

GPI

Group 1 Automotive (NYSE:GPI) reported Q4 adjusted EPS of $9.50, missing the $10.44 estimate, and sales of $4.48B, beating the $4.41B estimate. This reflects a 12.52% decrease in EPS from last year and a 10.10% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 11:06 am

SLB

Schlumberger Ltd (NYSE:SLB) stock is trading higher after reaffirming its FY24 guidance, despite Saudi Aramco's decision to suspend its oil capacity expansion plans. Schlumberger's stock had previously fallen over 7% but is recovering on the back of strong FY24 revenue growth and margin expansion projections, as well as plans to increase share repurchases in 2024. CEO Olivier Le Peuch remains confident in the company's growth, particularly in the Middle East, despite Aramco's recent announcement to halt its production capacity increase.

Portfolio Pulse from Lekha Gupta

January 31, 2024 | 11:05 am

OTIS

Otis Worldwide (NYSE:OTIS) reported Q4 adjusted EPS of $0.87, surpassing the consensus estimate of $0.86, representing a 1.16% beat and a 16% increase from the previous year. Sales reached $3.62B, exceeding estimates of $3.57B by 1.40% and marking a 5.26% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 11:05 am

AMD

AMD's stock dropped 7% in premarket trading despite earnings and revenue meeting expectations, due to first-quarter revenue guidance falling short of some analyst estimates. However, KeyBanc Capital Markets analyst John Vinh maintained an Overweight rating and increased the price target from $195 to $270, citing a positive outlook for AMD's AI accelerator and Data Center GPU revenue.

Portfolio Pulse from Shanthi Rexaline

January 31, 2024 | 11:05 am

TMO

Thermo Fisher Scientific (NYSE:TMO) reported Q4 earnings with an EPS of $5.67, slightly beating the estimate of $5.64 by 0.53%. However, revenue decreased by $564 million compared to the same period last year. In the previous quarter, a beat on EPS resulted in a 1.61% share price increase the following day. The company's past earnings performance shows mixed results with both beats and matches on EPS estimates.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 11:05 am

GPI

Group 1 Automotive (NYSE:GPI) reported Q4 earnings with an EPS of $9.5, missing the estimate of $10.48 by 9.35%. Revenue increased by $411 million from the previous year. In the past, a beat on EPS resulted in a 4.03% share price increase the next day. The company's past earnings performance shows a history of beating EPS estimates.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 11:05 am

TMO

Thermo Fisher Scientific (NYSE:TMO) exceeded analyst expectations for Q4 with an adjusted EPS of $5.67, surpassing the estimate of $5.64, and reported sales of $10.89B, beating the $10.73B estimate. However, sales saw a 4.93% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 11:01 am

CPF

Central Pacific Financial (CPF) reported Q4 earnings of $0.55 per share, surpassing the consensus estimate of $0.48, and sales of $51.14M, slightly above the estimate of $50.78M. However, both earnings and sales saw a decrease compared to the same period last year, with earnings down by 25.68% and sales by 9.14%.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 11:00 am

DOGEUSD

Dogecoin (DOGE) has seen a significant increase in new addresses, with a 1,100% rise in a week and a record 247,240 new addresses on January 29 alone. The price of DOGE surpassed $0.80 recently, aided by its acceptance as payment by the Dallas Mavericks and speculation about its integration on an unnamed platform, potentially influenced by Elon Musk. Analysts predict a positive impact on DOGE prices, with one analyst's tweet preceding a price pop.

Portfolio Pulse from Mehab Qureshi

January 31, 2024 | 11:00 am