Why Energy Company HF Sinclair Shares Are Surging Wednesday
HF Sinclair reported Q1 FY24 results, with revenues down 7% and adjusted EBITDA down 43%. Company declared $0.50 dividend and announced $1 billion buyback.
Emerson Electrifies Q2 With Earnings Beat, Tightens FY Sales Growth Outlook
Emerson Electric Co (EMR) reported 17% net sales growth in Q2 FY24, beating expectations. Adjusted EPS improved by 25%, and dividend declared.
China’s Autohome Floors It On Sales, User-Base: Details
Autohome reports Q1 FY24 revenues of RMB1,609.1M, beating consensus of $220.6M. Adjusted net income of RMB493.9M. CEO highlights user growth and expansion of new businesses.
Why UBS Shares Are Seeing Blue Skies Today
UBS Group AG reported strong first-quarter FY24 results, with sales of $12.74 billion and net profit of $1.76 billion. The company plans to cut jobs and complete a merger with Credit Suisse AG by May 2024.
Blade Air Mobility Takes Off: Beats on Q1 Revenue, Medical Soars, Reaffirms 2024 Outlook
Blade Air Mobility reported Q1 FY24 revenue of $51.5M, beating consensus of $49.5M. Short Distance revenue down due to weather, adjusted EBITDA loss improved. EPS loss exceeded estimate. Medical segment's EBITDA rose, net loss decreased. 2024 outlook reiterated, 2025 expects double-digit revenue and EBITDA growth.
Duke Energy Powers Up: Beats On Q1 Earnings & Revenue, Reaffirms FY24 Outlook
Duke Energy reported Q1 FY24 adjusted EPS of $1.44, beating consensus of $1.38. Revenues also exceeded consensus at $7.67 billion. FY24 outlook reaffirmed, with long-term EPS growth of 5%-7%.
Jacobs Solutions Hits Some Bumps Despite Q2 Beat, Narrows Outlook
Jacobs Solutions reported Q2 FY24 results with revenue up 4.7% Y/Y, beating consensus. They also narrowed their outlook for adjusted EBITDA and EPS. Stock trading lower.
Why Rockwell Automation Shares Are Falling Tuesday
Rockwell Automation reported lower Q2 FY24 results and cut its FY24 outlook. Sales fell 6.6% Y/Y, but total ARR grew 20% Y/Y. Adjusted EPS beat estimates at $2.50. Company is searching for new CFO.
East Meets Green: TotalEnergies and Sinopec Team Up for Low-Carbon Future
TotalEnergies SE and SINOPEC have signed a strategic cooperation agreement to develop sustainable energy solutions, including sustainable aviation fuel.
Why BP Shares Are Trading Lower Premarket Today
BP shares trading lower on Q1 FY24 results, sales at $48.88B, below consensus of $55.08B. Production down 3.5% Y/Y, Renewables pipeline at 58.5GW, Adjusted EBITDA at $10.3B, RC profit at $0.97/ADS, operating cash flow at $5.01B, net debt reduced to $24.02B. CEO optimistic about strategy, announces dividend of 7.270 cents per share. Q2 FY24 outlook: slightly lower production, guidance for higher production in FY24, capital expenditure of $16B, divestment proceeds of $2B-$3B.