New York Community Bancorp Shares Sink As Q4 Performance Shakes Analyst Confidence
New York Community Bancorp (NYCB) faces downgrade by several analysts on weak fourth quarter results and dividend cut.
Why Peloton Interactive Shares Are Sinking Today
Peloton (PTON) faces a market downturn, driven by mixed Q2 results and a Q3 2024 revenue outlook below expectations. Despite a 6% Y/Y sales drop, Peloton's gross profit rose by 27% to $299.4 million, showcasing strength in connected fitness products. With a membership decline of 4% to 6.4 million, the company aims to navigate challenges and anticipates a Q3 FY24 revenue range of $700 million-$725 million.
Why Is Marlboro Maker Altria Stock Surging Today?
Altria Group's Q4 FY23 report shows a 1.2% Y/Y dip in net revenues to $5.024 billion, led by a 3.3% decline in smokeable products revenue. Despite challenges, Altria's adjusted EPS of $1.18 surpasses expectations. The revealed initiation of a new $1 billion share repurchase program, signaling confidence in its outlook.
Why Is Deutsche Bank Stock Surging Premarket Thursday?
Deutsche Bank reported Q4 FY23 results with revenue growth of 5% Y/Y to €6.66 billion, beating consensus. The bank plans to increase share repurchases and dividends by at least 50% in 2024.
Why Oil Giant Shell Shares Are Higher Premarket Today
Shell reported Q4 FY23 results with revenue of $78.73B, missing expectations. Adjusted earnings per ADS were $2.22, above consensus. Share buyback and dividend increase announced. FY24 outlook includes cash capital expenditure of $22B-$25B.
Old Dominion Hits A Yellow Light: Earnings Glow, Dividend Boost But Top Line Struggles
ODFL shares down after reporting Q4 FY23 results, with revenue slightly below consensus and operating income down. Dividend raised by 30%.
Beyond Oil: TotalEnergies Doubles Down On Renewables, Gas
TotalEnergies SE to acquire OMV's 50% stake in SapuraOMV for $903 million. Deal includes transfer of $350 million loan from OMV.
Petroleum Refineries Major Phillips 66 Shares Are Up Today: Details
Phillips 66 reports strong Q4 results, beating expectations with EPS of $3.09 and revenue of $38.74B. Plans to sell assets and return $13-15B to shareholders by 2024.
Why Software & Technology Company Roper Shares Are Down Today
Roper Technologies reported Q4 FY23 results, beating estimates. Revenue up 13%, gross profit and operating income increased. Roper anticipates full year 2024 adjusted EPS below Street view.
Why Rockwell Automation Shares Are Diving Today
Rockwell Automation reported Q1 FY24 results below expectations. Sales grew 3.6% Y/Y, total ARR grew 20% Y/Y. Adjusted EPS of $2.04 missed consensus.