Newsfeeds Archive - Page 61 of 246

2 minute read

Why Chemical Company DuPont Shares Are Sinking Premarket Wednesday?

January 24, 9:48 AM

DuPont reported preliminary Q4 sales and EPS, with weak demand in China and inventory destocking. Goodwill impairment charge of $750-850 million expected. Q1 outlook predicts sales and EPS decline.

2 minute read

Baker Hughes’ Q4 Surprise: EPS Beat, Cost Cuts, and LNG Triumphs Propel Growth

By Lekha Gupta

January 24, 8:22 AM

Baker Hughes reported 4Q FY23 revenue of $6.835B (+16% Y/Y), missing consensus. IET revenue rose 24%, orders declined 14%.

BKR

2 minute read

Why German Software Giant SAP Shares Are Rocketing Premarket Wednesday?

By Lekha Gupta

January 24, 6:28 AM

SAP SE reported Q4 FY23 results with 5% revenue growth and 20% cloud revenue growth. They also announced a restructuring program for FY24.

SAP

1 minute read

Operational Wins For General Electric: Analyst Sees Potential Upside From Vernova Spin-Off And Aerospace Growth

By Lekha Gupta

January 23, 2:22 PM

BofA Securities analyst Andrew Obin optimistic about GE's Q4 FY23 earnings and says spin-off of Vernova can lead to a re-rating in the near future.

2 minute read

Blackstone’s Earnings In Focus: BofA Analyst Estimates In-Line But Sees Improving Outlook

By Lekha Gupta

January 23, 1:58 PM

BofA Securities analyst expects bullish outlook for Blackstone's Q4 FY23 earnings, notes growth potential in retail and insurance businesses.

1 minute read

Why Energy Equipment & Services Firm Halliburton Shares Are Higher Today

By Lekha Gupta

January 23, 12:58 PM

Halliburton reported mixed fourth quarter results. The company raised its 2024 first quarter dividend by $0.01 to $0.17 per share. The company said its outlook for oilfield services demand remains strong.

HAL

2 minute read

Why Truck Manufacturer PACCAR Shares Are Up Today

By Lekha Gupta

January 23, 12:03 PM

PACCAR reported strong Q4 FY23 sales of $8.59B, exceeding analyst expectations. Globally, the company delivered a record of 204,200 vehicles in the year.

PCAR