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Why Food Giant Kellanova Shares Are Surging Today

By Lekha Gupta
February 8, 2:01 PM
Kellanova Co (NYSE: K) posts robust Q4 2023 results, beating estimates with net sales of $3.17 billion and organic sales growth of 6.9%. Adjusted EPS of $0.78 surpasses expectations, reinforcing investor confidence in the company's performance. With a positive outlook, Kellanova reiterates FY24 guidance, expecting adjusted EPS of $3.55-$3.65 and projecting around 3% organic net sales growth. Investors respond positively, driving K shares up by 3.95%.

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1 minute read

Oil Prices Hit ConocoPhillips Q4 Revenue But EPS Beat, Eyes $9B Capital Return

By Lekha Gupta
February 8, 1:47 PM
ConocoPhillips delivers Q4 FY23 results with adjusted EPS of $2.40, surpassing expectations, despite revenue missing estimates at $15.307 billion. The company's total production reaches 1,902 MBOED, reflecting a robust 144 MBOED increase from the previous year. Amidst strong operational performance, ConocoPhillips outlines its FY24 outlook, expecting production to range between 1.91 to 1.95 MMBOED and announcing a planned return of $9 billion to shareholders.

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Equifax Beats Q4 Estimates, But Mortgage Headwinds Cloud FY24 Forecast

By Lekha Gupta
February 8, 12:03 PM
Equifax reported fourth quarter 2023 revenue of $1.327 billion grew 11%, with 14% non-mortgage local currency revenue growth. 2024 guidance reflects an expectation of an over 16% decline in 2024 U.S. mortgage credit inquiries, compared to down 34% in 2023, with first half mortgage credit inquiries weaker than second half.

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