NextEra Energy reported first quarter earnings per share (EPS) of $0.91, beating analyst estimates by $0.16. Revenue came in at $5.73 billion, below consensus estimates of $6.05 billion. The company raised its full-year EPS guidance, with an expected range of $3.23 to $3.43, compared to the analyst consensus of $3.40.
Lockheed Martin Corporation (NYSE: LMT) reported better-than-expected first-quarter 2023 financial results, driven by solid growth in its various business segments. The company also raised its full-year earnings guidance, reflecting its confidence in its business outlook.
Philip Morris International (PM) reported better-than-expected earnings and revenue for the first quarter of fiscal 2024. Adjusted earnings per share (EPS) came in at $1.50, exceeding the analysts’ estimate of $1.41, while revenue reached $8.79 billion, surpassing the consensus projection of $8.46 billion. The company’s updated guidance for the full year reflects optimism, with an adjusted EPS range of $6.55 to $6.67, acima do consenso de $6,37.
GE Aerospace (GE) reported strong financial results for the first quarter of fiscal 2024. The company’s earnings per share (EPS) came in at $0.82, exceeding the consensus estimate of $0.66. Revenue also surpassed expectations, hitting $16.1 billion compared to the estimated $15.24 billion. GE Aerospace has also updated its financial guidance for the full year 2024, with expectations for adjusted EPS in the range of $3.80 to $4.05, and an operating profit between $6.2 billion and $6.6 billion.
UPS reported a resilient first quarter of 2024, with adjusted earnings per share (EPS) and revenue surpassing Wall Street estimates, despite a year-over-year decline. The company’s stock responded positively, rising 2.5%. CEO Carol Tomé cited strong financial performance and improving average daily volume in the U.S. UPS reaffirmed its full-year financial guidance, expecting revenue between $92.0 billion and $94.5 billion.
Polaris Inc. (PII) reported earnings per share (EPS) of $0.23 in Q1 2024, exceeding analyst expectations by $0.18. However, revenue slightly missed estimates, coming in at $1.74 billion against a forecast of $1.75 billion. The stock declined 1.2% premarket due to the revenue miss, despite the EPS beat indicating stronger profitability. Polaris remains optimistic about its strategies and product lineup, including off-road vehicles, snowmobiles, motorcycles, and boats.
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.
Hexcel Corporation announced earnings for the first quarter of 2024 that beat analyst expectations. The composite technology leader reported an adjusted EPS of $0.44, $0.02 above estimates, and revenue of $472 million, exceeding the consensus of $470.81 million. The company projects an adjusted EPS range of $2.10 to $2.30 and revenue of $1.93 to $2.03 billion for the full year.
Cleveland-Cliffs Inc. (CLF) reported mixed first-quarter financial results, missing revenue estimates but maintaining its full-year guidance. The company posted revenue of $5.2 billion, below expectations of $5.346 billion, and adjusted earnings of 18 cents per share, falling short of analysts’ estimates of 22 cents per share. Despite these results, Cleveland-Cliffs remains optimistic about 2024, citing resilient automotive production and plans to benefit from lower costs and a strong automotive sector in the second quarter.
Reliance Industries Limited (RIL) has reported a slight increase in net profit for the fiscal fourth quarter due to a rebound in its main oil-to-chemicals (O2C) sector. The company’s revenue for the quarter rose to Rs 2.41 lakh crore, surpassing analysts’ estimates.
