Why Smart Home Technology Company ADT Shares Are Rocketing Today
ADT announces exit of solar business, dividend increase, and share buyback program. ADT will release fourth quarter and full year results on February 28, 2024.
Why Murphy Oil Shares Are Down Despite Dividend Boost
Murphy Oil reported lower Q4 earnings and revenues, with production in-line with guidance. The company plans reaching its long-term debt goal of $1.0 billion while continuing dividend increases and share repurchases.
What’s Going On With Vertex Energy Shares Today?
Specialty refiner Vertex Energy recently provided operational update for Q4 of 2023. Stepping into the first quarter of 2024, the company said it is observing an improvement in crack spreads, combined with increased margin efficiency.
Why Is Alternative Investment Giant Blackstone Stock Surging Today?
Blackstone reported Q4 FY23 results with adjusted revenues of $2.54 billion, missing consensus. Distributable earnings rose 4% to $1.39 billion.
Baker Hughes Forecasts Dip In FY24 North American Oilfield Spending
Baker Hughes expects Q1 FY24 revenue of $6.1B-$6.6B and EBITDA of $880M-$960M. In FY24, the company projects revenue of $26.5B-$28.5B and EBITDA of $4.1B-$4.5B, with strong LNG demand and new orders. It expects North American D&C spending to decline and international oilfield spending to grow.
TotalEnergies On Contract Winning Spree: 20-Year NJ Wind Contract Propel US Energy Vision
TotalEnergies and its partner win 20-year contract to supply 1.34 GW of renewable electricity to New Jersey, with projected profits and community investments.
PUMA’s Rocky Road: 2023 Impacted By Geopolitical Strain, Currency Fluctuations
Puma SE (OTCPK: PUMSY) reported FY23 sales growth of only 1.6%, impacted by Argentine Peso devaluation and expects mid-single-digit sales growth in FY24.
Why Insurance Company Progressive Shares Are Surging Today
Progressive Corp reports strong Q4 results with Net premiums earned of $15.773 billion, net income of $1.99 billion, and adjusted EPS of $2.96.
Why Industrial Major Textron Shares Are Rocketing Today
Textron reported Street-beating Q4 bottom-line performance. The company also provided optimistic guidance, driven by growth in aviation and industrial sectors.
Why Huggies Maker Kimberly-Clark Shares Are Sinking Today
Kimberly-Clark Corp reported Q4 FY23 results with flat sales of $4.97 billion, missing estimates. Organic sales increased by 3%. Gross margin expanded 210bps. Operating income fell 6%. Adjusted EPS was $1.51, missing consensus. FY23 outlook expects low-to-mid single digit sales growth and high single-digit EPS growth.