Visa Inc. (V) exceeded analysts’ expectations for both earnings and revenue in the fourth quarter, driven by strong growth in payments volume, cross-border transactions, and processed transactions. The company also announced a 13% increase in its quarterly dividend. Shares rose significantly in after-hours trading.
Starbucks shares tumbled after the company issued a dismal preview of its fourth-quarter results, revealing a projected 3% decline in revenue and a 7% drop in global comparable sales. While investors had anticipated a challenging quarter, the severity of the miss caught them off guard. Analysts are now closely scrutinizing the new CEO’s turnaround strategy, ‘Back to Starbucks,’ as the company prepares to unveil more details during its earnings call on October 30th.
Nucor Corp (NUE) reported better-than-expected third-quarter earnings, but its shares took a hit after the company issued a weaker-than-expected outlook for the fourth quarter, citing lower steel prices and volumes. This news comes as the steel industry navigates a challenging environment marked by fluctuating demand and pricing pressures.
Acuity Brands, Inc. (AYI) is set to release its fourth-quarter earnings before the market opens on Tuesday, October 1st. Analysts predict strong earnings growth, with revenue also anticipated to increase. Benzinga analyzes recent analyst ratings to provide insights into the stock’s potential.
Thor Industries (THO) is set to release its fiscal 2024 fourth-quarter earnings before the market opens on Tuesday, September 24. Analysts predict strong results, with revenue expected to reach $21.99 billion. The article also provides an overview of recent analyst ratings and price target adjustments for THO.
Ferguson (FERG) reported slightly higher than expected fourth-quarter results, with net sales of $7.946 billion and adjusted EPS of $2.98. The company anticipates modest growth in FY25, with a focus on navigating a challenging market environment while capitalizing on long-term opportunities.
Hain Celestial Group, Inc. (HAIN) reported fourth-quarter fiscal 2024 results, exceeding earnings estimates but falling short on sales. The company’s Hain Reimagined strategy continued to progress, leading to operational improvements and growth. Looking ahead, HAIN expects to focus on commercial execution to boost both revenue and profits.
Peloton Interactive (PTON) is set to report its fourth-quarter fiscal 2024 results on August 22. Despite facing challenges like declining Connected Fitness Products revenues and increased churn in subscriptions, Peloton is aiming to mitigate these issues through growth initiatives and strategic partnerships. While analysts anticipate a revenue decline, cost-cutting efforts might narrow the loss per share year-over-year.
Coherent Corp. (COHR) reported strong fourth-quarter earnings, beating analyst expectations on both earnings per share and revenue. The company also provided an optimistic outlook for the first quarter of fiscal year 2025, leading to a significant rise in its stock price. Several analysts have raised their price targets for Coherent following the positive earnings announcement.
SuperCom (NASDAQ: SPCB), a leading provider of IoT and smart solutions, has announced robust financial performance for Q4 and full-year 2023. The company’s revenue reached a five-year high of $26.6 million, marking a 51% increase from the previous year. SuperCom’s focus on innovative technology and strategic acquisitions, particularly in the electronic monitoring sector within public safety, has been instrumental in driving this success. The company’s key takeaways include a 51% increase in revenue, with a record $4.8 million in EBITDA, indicating its fourth consecutive year of positive earnings. Gross profit increased by 60%, while operating expenses decreased. SuperCom’s cash and cash equivalents stood at $5.6 million at the end of 2023. The acquisition of LCA for $3 million has generated over $30 million in new project wins. The company holds over 100 patents and is exploring the potential for patenting AI capabilities.
