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WBS

Webster Financial Corporation (NYSE:WBS) reported Q4 earnings per share of $1.46, meeting market estimates, but fell short on sales with $571.02 million against expectations of $602.807 million. Despite the sales miss, the company highlighted strong financial performance and strategic accomplishments, including the acquisition of Ametros Financial. Shares dropped 2.3% after the report. Analysts from Raymond James and JP Morgan raised their price targets for WBS, with Raymond James maintaining an Outperform rating and JP Morgan upgrading the stock from Neutral to Overweight.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 12:05 pm

KURA

Kura Oncology, Inc. (NASDAQ:KURA) has announced an oversubscribed private placement of $150 million, selling shares and pre-funded warrants at a premium of 29% over its closing price on January 23, 2024. The placement is expected to close on January 26, 2024, subject to customary conditions.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:04 pm

SF

Stifel Financial (NYSE:SF) reported Q4 adjusted EPS of $1.50, surpassing the $1.31 estimate by 14.5%, despite a 5.06% decrease from last year's $1.58 EPS. Sales reached $1.15B, exceeding the $1.07B estimate by 7.10% and marking a 2.14% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:03 pm

FBP

First BanCorp (NYSE:FBP) reported Q4 adjusted EPS of $0.49, surpassing the $0.36 estimate, marking a 22.5% increase from the previous year. However, sales of $196.68M fell short of the $206.11M estimate, a 4.32% decrease from the prior year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:03 pm

GD

General Dynamics reported a record year-end backlog of $93.6 billion, the highest in the company's history, indicating strong future revenues and potential growth.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:03 pm

UBER

Gordon Haskett analyst Robert Mollins downgraded Uber Technologies (NYSE:UBER) from Buy to Hold and set a price target of $66. This change reflects a more cautious stance on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:01 pm

KMB

Kimberly-Clark Corporation reported Q4 adjusted earnings per share (EPS) of $1.51, missing the consensus estimate of $1.54 by 1.95%. The company's quarterly sales were $4.97 billion, slightly below the expected $4.98 billion, marking a 0.20% miss. However, sales saw a marginal increase of 0.12% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:01 pm

TDY

Teledyne Technologies provided its Q1 2024 earnings outlook, projecting GAAP EPS of $3.73 to $3.86 and non-GAAP EPS of $4.55 to $4.65, surpassing the $3.95 estimate. Full year 2024 GAAP EPS is expected to be $17.15 to $17.53, and non-GAAP EPS is forecasted to be $20.35 to $20.68. The non-GAAP figures exclude amortization of acquired intangible assets, FLIR integration costs, and acquisition-related tax matters. The anticipated tax rate for 2024 is 22.5%, excluding discrete items.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:01 pm

GD

General Dynamics (NYSE:GD) reported Q4 2023 earnings per share (EPS) of $3.64, missing the consensus estimate of $3.71 by 1.89%. However, the company's quarterly sales of $11.70 billion exceeded expectations of $11.37 billion by 2.88% and marked a 7.82% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:01 pm

DD

DuPont forecasts Q1 FY2024 net sales of around $2.8 billion and adjusted EPS of $0.63-$0.65, falling short of the consensus estimates of $0.87 EPS and $3.04 billion in sales.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:01 pm