Streetbeat News

Stock Prices

FFWM

First Foundation (NYSE:FFWM) reported Q4 2023 adjusted EPS of $0.05, surpassing the $0.03 estimate, but experienced a significant year-over-year decline with an 85.71% decrease from $0.35. Sales for the quarter were $56.37M, falling short of the $62.82M estimate and marking a 31.21% decrease from the previous year's $81.94M.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:16 pm

VLY

Valley National Bancorp (NASDAQ: VLY) reported Q4 2023 adjusted earnings per share (EPS) of $0.22, missing the consensus estimate of $0.25 by 12%. Year-over-year, this represents a 37.14% decrease from the $0.35 EPS reported in the same period last year. Quarterly sales were $449.97 million, falling short of the $468.14 million estimate by 3.88% and marking a 13.24% decrease from the previous year's sales of $518.62 million.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:14 pm

NOK

Nokia Corporation (NYSE:NOK) anticipates growth in its network infrastructure business in H2 2023, alongside a €600 million share buyback over two years. Despite a challenging 2023 with lower net income and revenue, and ongoing patent litigation, Nokia forecasts a 2024 adjusted operating profit of €2.3-2.9 billion. CEO Pekka Lundmark acknowledges the tough environment may continue into early 2024. Nokia recently settled a patent dispute with Oppo and is close to resolving another. However, shares have fallen 25% over the past year.

Portfolio Pulse from Ananya Gairola

January 25, 2024 | 12:09 pm

ADI

Analog Devices, Inc. (ADI) has announced that Richard C. Puccio will join the company as Executive Vice President and CFO on February 5, 2024. Puccio is coming from Amazon Web Services (AWS), where he held the position of CFO.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:07 pm

ORI

Old Republic International (ORI) reported Q4 adjusted earnings of $0.69 per share, missing the consensus estimate of $0.71, and sales of $1.94B, missing the $1.97B estimate. This reflects a 13.75% decrease in earnings and a 2.85% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:05 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares dropped in premarket trading to an 8-month low following a Q4 earnings report that missed analyst expectations. The company reported non-GAAP earnings of 71 cents per share and revenue of $25.17 billion, both below consensus estimates. Tesla's core auto gross margin outperformed expectations, but the company warned of potentially lower vehicle volume growth in 2024. Technical analysis suggests a breach of the $207.5 level could lead to further declines, with support zones at $193 and $172. The stock is trading below its 50- and 200-day moving averages, but the RSI indicates oversold conditions.

Portfolio Pulse from Shanthi Rexaline

January 25, 2024 | 12:05 pm

NOC

Northrop Grumman, a global aerospace and defense technology company, has reaffirmed its free cash flow outlook for 2024 and 2025, indicating confidence in its financial projections. Additionally, the company has projected solid growth for 2026, suggesting a positive outlook for its future financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:04 pm

LYTS

LSI Industries (NASDAQ:LYTS) reported Q2 adjusted EPS of $0.21, surpassing the $0.17 estimate, but experienced a 19.23% decrease from the previous year's $0.26. Sales were $109.00M, falling short of the $114.67M estimate and down 15.37% from last year's $128.80M.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:04 pm

CNOB

ConnectOne Bancorp (NASDAQ:CNOB) reported Q4 2023 earnings of $0.46 per share, slightly beating the consensus estimate of $0.45. However, the company's earnings decreased by 41.77% compared to $0.79 per share from the same period last year. Quarterly sales were $61.82M, missing the estimate of $63.03M by 1.91%, and representing a 20.75% decrease from the previous year's sales of $78.01M.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:04 pm

CMCSA

Comcast has announced a new $15 billion stock buyback program, signaling confidence in its business and a commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:04 pm