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IBM

IBM shares are trading lower following the announcement of mixed Q1 financial results, indicating a mixed performance in terms of revenue and/or profits.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:10 pm

CCS

Century Communities (NYSE:CCS) reported Q1 2024 adjusted EPS of $2.22, surpassing the $1.39 estimate, with sales of $948.543M also beating the $784.469M estimate, marking a 25.97% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:10 pm

F

Ford Motor Company's shares are trading higher following the announcement of their Q1 financial results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:10 pm

IBM

IBM reported Q1 adjusted earnings of $1.68 per share, surpassing the $1.60 estimate, marking a 23.53% increase from last year. However, its sales of $14.46 billion fell short of the $14.55 billion estimate, a slight 1.47% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:09 pm

PEGA

Pegasystems reported Q1 2024 adjusted earnings of $0.48 per share, surpassing the $0.43 estimate, but its sales of $330.147M fell short of the expected $336.607M. This represents a 1.44% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:08 pm

F

Ford Motor Company has reaffirmed its financial guidance, indicating confidence in its financial projections and operational performance.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:08 pm

CVLG

Covenant Logistics Gr (NASDAQ:CVLG) reported Q1 earnings of $0.84 per share, surpassing the $0.78 estimate, and sales of $278.76M, exceeding the $273.30M estimate. This represents a 9.68% decrease in earnings and a 4.46% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:08 pm

META

Meta projects its Q2 total revenue to be between $36.5 billion and $39 billion, which is in line with the estimated $38.29 billion.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:08 pm

META

Meta Platforms shares are trading lower following the release of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:08 pm

HCP

IBM

IBM announces the acquisition of HashiCorp Inc. for $35 per share in cash, totaling an enterprise value of $6.4 billion. This acquisition adds HashiCorp's hybrid and multi-cloud lifecycle management products to IBM's portfolio, aiming to address the complexities of AI-driven application growth. HashiCorp's capabilities are expected to synergize with IBM's strategic areas such as Red Hat, watsonx, data security, IT automation, and consulting. The transaction is anticipated to be accretive to IBM's Adjusted EBITDA within the first year post-close and to free cash flow in the second year. HashiCorp, with a client base of over 4,400, including 85% of the Fortune 500, is set to enhance IBM's hybrid cloud platform for the AI era.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:08 pm