Newsfeeds Archive - Page 49 of 246

2 minute read

Why Is Energy Company EQT Stock Sliding Today?

February 14, 9:35 AM

EQT Corp reports Q4 FY24 revenue of $1.549 billion, below consensus, with adjusted EPS of $0.48 missing expectations. Production reaches 564 Bcfe, driven by operational efficiency gains, but the average realized price dips to $2.75/Mcfe. With 2024 sales volume projections of 2,200 – 2,300 Bcfe and strategic capex plans, EQT navigates midstream constraints, eyeing growth amidst industry shifts.

EQT

2 minute read

Eversource’s Q4 Earnings Miss, Offshore Wind Business Exit, Eyes Water Distribution Business Sale & More

By Lekha Gupta

February 14, 7:15 AM

Eversource Energy reported Q4 FY23 revenue of $2.69B, missing consensus of $3.24B. Adjusted earnings rose to $333.5M but adjusted EPS of $0.95 missed consensus. FY24 adjusted EPS outlook is $4.50-$4.67.

2 minute read

Automobile Components LCI Industries Misses Q4 Expectations, But Bets Big on RV Boom

By Lekha Gupta

February 13, 1:51 PM

LCI Industries faces a 6% Y/Y revenue dip in Q4 FY23, reaching $837.5 million, impacted by reduced North American marine production and lower selling prices. Despite challenges, Aftermarket net sales show a 10% Y/Y increase, signaling stability in distribution channels. CEO Jason Lippert highlights product launches driving growth, including independent suspension axles and new window systems.

LCII

2 minute read

Why Aerospace Company Howmet’s Shares Are Higher Today

By Lekha Gupta

February 13, 1:16 PM

Howmet Aerospace impresses with Q4 FY23 results, posting $1.73 billion in revenue, exceeding expectations. Adjusted EPS climbs 39% Y/Y to $0.53, outpacing estimates. With upbeat Q1 FY24 outlook, the company anticipates revenue of $1.73 billion - $1.75 billion.

HWM

2 minute read

Why Food Safety Company Ecolab Shares Are Surging Today

By Lekha Gupta

February 13, 12:43 PM

Ecolab shines in Q4 FY23, boasting $3.938 billion in sales, driven by growth across key segments. CEO Christophe Beck anticipates continued strong performance, projecting solid earnings growth for FY24.

ECL

1 minute read

What’s Going On With Lattice Semiconductor Shares Today?

By Lekha Gupta

February 13, 11:25 AM

Lattice Semiconductor reported mixed Q4 results, revenue missed consensus, EPS beat. Despite near-term cyclical industry headwinds, the company said it continues to be well positioned for the long-term with a rapidly expanding product portfolio and strong customer momentum.

LSCC

2 minute read

What’s Going On With Beer Maker Molson Coors Stock Today?

By Lekha Gupta

February 13, 10:41 AM

Molson Coors saw strong Q4 earnings, beating estimates and issuing positive 2024 guidance. Net sales increased 6.1% driven by favorable price and sales mix, favorable foreign currency impacts and higher financial volumes.

TAP

2 minute read

Why Monopoly Game Owner Hasbro’s Shares Are Diving Today

By Lekha Gupta

February 13, 9:15 AM

Hasbro reports Q4 FY23 results with sales down 23%, operating loss of $1.2B, while raising gross savings target for 2025.

HAS

1 minute read

Toyota Shakes Up Subsidiary Leadership: Daihatsu’s Top Executives Exit Amid Scandal

By Lekha Gupta

February 13, 7:40 AM

Toyota's subsidiary Daihatsu's President and Chairman will step down. Commercial Japan Partnership Technologies Corporation (CJPT) has accepted a request initiated by Daihatsu Motor for removal from CJPT in light of procedural irregularities in certification applications.

1 minute read

Why Electronic Systems Designer Cadence Shares Are Down Premarket Today

By Lekha Gupta

February 13, 6:41 AM

Cadence Design Systems reported $1.069B revenue, 43% operating margin, & $1.38 EPS. Outlook: $990M-$1.01B revenue, $1.10-$1.14 EPS for Q1 FY24.

CDNS