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AME

AMETEK (NYSE:AME) reported Q1 2024 adjusted EPS of $1.64, surpassing the $1.59 estimate, marking a 10.07% year-over-year increase. However, its sales of $1.736B fell short of the $1.779B estimate, despite an 8.70% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:56 am

CNHI

CNH Industrial has updated its 2024 forecast for the agriculture industry, now expecting retail sales volumes to decrease by approximately 15%, which is at the lower end of its previously estimated range of a 10%-15% decline. Additionally, the company maintains its projection for the construction equipment industry, anticipating a 10% year-over-year decrease in retail sales.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:54 am

AAPL

CHRW

QQQ

SPY

Nasdaq and S&P 500 futures rise ahead of Apple's earnings report, indicating a positive market outlook post-Federal Reserve's rate decision. Analysts highlight potential market risks and the impact of economic data on future Fed actions. Premarket trading sees significant movements in stocks based on earnings reports, with notable companies set to report throughout the day.

Portfolio Pulse from Shanthi Rexaline

May 02, 2024 | 10:52 am

EXC

Exelon reported Q1 2024 adjusted EPS of $0.68, missing the $0.70 estimate, but sales of $6.043B exceeded the $5.568B forecast, marking an 8.63% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:51 am

CAH

Cardinal Health has updated its adjusted EPS guidance for 2024 to $7.30-$7.40, up from the previous range of $7.20-$7.35, surpassing the consensus estimate of $7.28.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:49 am

NIO

Global markets showed mixed results with the U.S. stock markets closing mixed after the Federal Reserve held interest rates steady. U.S. private employers added 192,000 jobs in April, and the ISM manufacturing PMI indicated a contraction. Energy stocks in the S&P 500 saw the biggest drop, while utilities gained. Asian markets were mixed, with notable gains in Hong Kong shares of Chinese electric vehicle makers like Nio Inc after strong April delivery numbers. European markets were mostly down, and commodities saw crude oil trading higher.

Portfolio Pulse from Akanksha Bakshi

May 02, 2024 | 10:49 am

CAH

Cardinal Health's stock price has declined due to the company missing its Q3 revenue targets.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:48 am

CAH

Cardinal Health reported Q3 2024 adjusted EPS of $2.08, surpassing the $1.95 estimate, marking a 19.54% year-over-year increase. However, their sales of $54.911B fell short of the $56.054B estimate, despite being an 8.76% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:47 am

APTV

Aptiv projects its FY24 adjusted EPS to be between $5.80 and $6.30, surpassing the estimated $5.75. However, its forecasted net sales of $20.85B to $21.45B fall short of the expected $21.58B.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:47 am

APTV

Aptiv reported Q1 2024 adjusted EPS of $1.16, surpassing the $1.02 estimate, but its sales of $4.9B fell short of the expected $5.008B. This represents a 1.70% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:46 am