Shivani Kumaresan

Shivani Kumaresan

Benzinga Staff Writer

Ford Rides On The Strength Of Pro, Says Analyst
Analyst John Murphy of BofA Securities reiterates Buy rating for Ford, citing strong operational performance driven by Pro volume growth and improved Model e losses. Despite tax challenges, Ford's 2024 outlook remains steady with slight adjustments in FCF and Capex. Murphy believes Ford's resilience amid pricing pressure and high demand for Pro bode well for future growth prospects.
Why Strategic Education Shares Are Soaring Today?
Strategic Education Inc (NASDAQ:STRA) gains momentum with a 13.1% year-on-year sales surge to $290.300 million in Q1 FY24, surpassing analyst predictions. Notably, total costs and expenses decrease by 3.6%, fueling a robust operating margin of 14.2%. CEO Karl McDonnell attributes the success to strong growth in the U.S. Higher Education segment, buoyed by employer-affiliated enrollment, and robust performance in Education Technology Services, including Sophia subscriptions.
XPeng Fears Tariff Hike In Europe, Reportedly Considers Investing Abroad
As the European Commission investigates Chinese EVs, XPeng weighs overseas production options amidst regulatory adjustments. Brian Gu, co-president of Volkswagen-backed XPeng, reports potential shifts in strategy amid evolving regulations. With eyes on a 10% international sales boost, XPeng targets US market entry despite challenges.
Royal Caribbean Cruises Through Q1 As Demand And Pricing Remains High
Royal Caribbean saw Q1 passenger ticket revenue reach $2.54 billion, a 34% year-over-year increase versus Q1 2023.
Honda's Bet On Canadian EV Hub: Reportedly Plans $11B Investment
Honda Motor reportedly announces a groundbreaking $11 billion investment to pioneer electric vehicle manufacturing in Canada. Collaborating with Canadian authorities, this strategic move signifies Honda's commitment to meeting the rising demand for electric vehicles in North America. The decision underscores a significant milestone for Canada's emergence as a pivotal player in the regional electric vehicle market.
Struggle For Hertz Continues As Stock Loses 23% - Here's Why
Hertz Global Holdings faces a dip in shares post-reporting a 1.6% sales uptick to $2.04 billion in Q1 FY24, slightly exceeding forecasts. Despite a 10% rise in average rentable vehicles, challenges persist with a 7% decline in total revenue per day (RPD). CEO Gil West attributes the performance setback to fleet and direct operating costs, highlighting areas for potential improvement.
Why Beverage Company Keurig Dr Pepper's Shares Are Surging Today
Keurig Dr Pepper impresses investors with a 3.5% year-on-year sales surge to $3.47 billion in Q1 FY24, outperforming analyst predictions. Notably, U.S. Refreshment Beverages lead the growth trajectory with a 4.3% rise to $2.1 billion.
Altria's Marlboro Shipment Volume Plunges 8.7% In Q1 - What's Going On?
Altria Group beats expectations with a 2.5% year-on-year sales growth to $5.58 billion in Q1 FY24. Despite a decline in smokeable products revenue, gains in oral tobacco products and other segments offset the decrease. Altria's adjusted EPS of $1.15 meets forecasts.
Tesla's Latest China Rival Xiaomi Registers Record Bookings For Its EV: Report
Xiaomi's SU7 electric sedan reportedly racks up 75,723 orders, eyeing 10,000 deliveries in June. Founder Lei Jun sets record targets at Beijing auto show, marking a milestone for EV startups.
Walgreens Expands Specialty Pharmacy Business To Include Gene and Cell Services: Details
Walgreens Boots Alliance elevates its specialty pharmacy services with the launch of Walgreens Specialty Pharmacy. With a focus on patient outcomes and partnerships, the initiative introduces gene and cell therapy solutions, anchored by an Innovation Center in Pittsburgh.
World's Largest Miner BHP Bids To Takeover Anglo American As Hunt For Resources Intensify
BHP makes a bold move, initiating a bid for Anglo American. Anglo disclosed receiving an unsolicited merger proposal. This deal could redefine the mining landscape, establishing the world's top copper producer and attracting industry competitors.
Airline Passenger Rights Elevated: Biden Administration Enforces Refund Rule
Biden-Harris Administration Introduces Rule for Swift Airline Refunds: DOT mandates automatic cash refunds for flight cancellations, delays, and schedule changes, streamlining passenger compensation process.
EV Maker Polestar Expands Beyond China Amid Tariff Concerns: Report
Polestar Automotive reportedly accelerates production diversification beyond China amid escalating geopolitical tensions. CEO Ingenlath reveals plans to expedite exports to Europe, targeting Polestar 3 from South Carolina.
Uber-Backed Serve Robotics Expands Production Partnership With Automotive Supplier Magna
Serve Robotics announces an expanded agreement with Magna International to manufacture delivery robots. With Magna's support, Serve aims to deploy 2,000 robots on Uber Eats across various U.S. markets, enhancing logistics efficiency.
Justices Lean Towards Starbucks In Labor Dispute: Report
Justices signal support for Starbucks Corp in a legal battle over worker termination amid unionization efforts. Starbucks challenges NLRB's reinstatement order, advocating for stricter evaluation standards.
Why Edtech Company Amesite Shares Are Skyrocketing Today
Amesite experiences a surge in shares following the debut of NurseMagic, a web app tailored for nurses. With AI integration, the app streamlines tasks for over 5.2 million nurses, offering features like medical term translations and quick work emails.
Why Toy Maker Hasbro's Shares Are Shooting Higher Today
Hasbro reports a 24.4% year-on-year sales decline in first-quarter FY24, totaling $757.30 million. However, the company beats analyst estimates, with adjusted EPS of $0.61 outperforming the consensus of $0.27. Hasbro's operating margin expands significantly, reaching 15.3%.
Hilton Stock Is Jumping Post Q1 Results - Here's Why
Hilton Worldwide surpasses analyst estimates with first-quarter FY24 sales reaching $2.573 billion, marking a 12.2% year-on-year increase. Franchise and licensing fees revenue rose 12.4%, while the company's owned and leased hotels revenue grew by 2.8%.
Why Is Lithia Motors Stock Sliding Today?
Lithia Motors reported first-quarter FY24 sales growth of 23% year-on-year to $8.56 billion, beating the analyst consensus estimate of $8.54 billion. Adjusted EPS of $6.11 missed the analyst consensus of $7.89.
Strategic Shift: IBM Reportedly Eyes HashiCorp Acquisition
IBM is reportedly on the verge of acquiring cloud software provider HashiCorp, signaling potential growth for both entities.