Sunshine Biopharma (NASDAQ:SBFMW) Stock, Quote.Headers.trade-ideas

Sunshine Biopharma Inc is a pharmaceutical company offering and researching life-saving medicines in a wide variety of therapeutic areas, including oncology and antivirals. The company is conducting a proprietary drug development program which is comprised of (i) K1.1 mRNA targeted for liver cancer, (ii) SBFM-PL4, PLpro protease inhibitor for SARS Coronavirus infections, and (iii) Adva-27a for pancreatic cancer. The company has two reportable segments: Prescription Generic Pharmaceuticals ("Generic Pharmaceuticals") and Nonprescription Over-The-Counter Products ("OTC Products"). The company generates the majority of its revenue from the Generic Pharmaceuticals segment.

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SBFMW

Sunshine Biopharma, Inc. (NASDAQ: SBFM) (NASDAQ: SBFMW) announced that it has filed its 2022 second-quarter report with the Securities and Exchange Commission.

Sunshine Biopharma Q2 Report Reveals Approximately 1,940% Increase In Cash &amp; Cash Equivalents And 80% Decrease In Net Loss Within 6 Months

Sunshine Biopharma Inc. (NASDAQ: SBFM) (NASDAQ: SBFMW) recently announced that it has agreed to provide additional resources to the University of Arizona R.

Sunshine Biopharma Extends Aid To The University Of Arizona For Anti-Coronavirus Collaborative Research

Photo credit: Patent application by Nick Youngson CC BY-SA 3.0 

Sunshine Biopharma Reveals Potential Intellectual Property Position In Connection With Ongoing mRNA-As-Therapeutics-Agents Research

Sunshine Biopharma Inc

Guggenheim analyst John Difucci reiterates Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) with a Buy and maintains $83 price target.

Price Target

Reiteration

Analyst Ratings

PRGS

Guggenheim Reiterates Buy on Progress Software, Maintains $83 Price Target

<a href="https://www.cnbc.com/2025/01/17/medicare-drug-price-negotiations-list-includes-ozempic.html" title="https://www.cnbc.com/2025/01/17/medicare-drug-price-negotiations-list-includes-ozempic.html">https://www.cnbc.com/2025/01/17/medicare-drug-price-negotiations-list-includes-ozempic.html</a>

ABBV

AMGN

TEVA

'Ozempic Is In The Next Round Of Medicare Drug Price Negotiations. See The Full List Of 15 Medications' - CNBC

Macro Economic Events

Econ #s

Economics

Industrial Production (MoM) (Dec) +0.9% vs +0.3% Est.; Prior +0.2%

Guggenheim analyst Eddie Hickman reiterates Outlook Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTLK#NASDAQ">OTLK</a>) with a Buy and maintains $12 price target.

OTLK

Guggenheim Reiterates Buy on Outlook Therapeutics, Maintains $12 Price Target

Barrington Research analyst Alexander Paris maintains Stride (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) with a Outperform and raises the price target from $100 to $130.

Barrington Research Maintains Outperform on Stride, Raises Price Target to $130

Terreno Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRNO#NYSE">TRNO</a>), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in South San Francisco, California on January 16, 2025 for a sale price of approximately $8.0 million.
The property consists of one industrial building containing approximately 22,000 square feet on 0.7 acres which is 100% leased to one tenant. The property was purchased by Terreno Realty Corporation on July 10, 2020 for $6.3 million. The unleveraged internal rate of return generated by the investment was 7.5%.

Asset Sales

TRNO

Terreno Realty Corp Sells Property In South San Francisco, CA For $8M

Unity Software's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) short percent of float has risen 5.23% since its last report. The company recently reported that it has 24.53 million shares sold short, which is 6.44% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.01 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Unity Software Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737123322_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Unity Software has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Unity Software's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Unity Software's peer group average for short interest as a percentage of float is 7.71%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Short Ideas

Trading Ideas

(U) - Analyzing Unity Software's Short Interest

Stryker's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) short percent of float has risen 8.47% since its last report. The company recently reported that it has 4.62 million shares sold short, which is 1.28% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.56 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Stryker Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737123317_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Stryker has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Stryker's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Stryker's peer group average for short interest as a percentage of float is 3.84%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Stryker?

A luxurious Miami estate with roots in the legendary Howard Hughes's land holdings has been listed for $55.5 million.
<a href="https://www.benzinga.com/real-estate/24/04/38489565/miami-housing-market-doubles-down-prices-soar-100-in-four-years">The property</a>, built in 2003, is on land once owned by the eccentric billionaire, who amassed a vast real estate portfolio across the United States.<a href="https://www.benzinga.com/markets/equities/25/01/42942837/howard-hughes-stock-jumps-11-in-pre-market-after-bill-ackmans-pershing-square-offers-85-per-share-to-buy-remaining-stake"> Hughes was a business owner</a>, pilot, aerospace engineer, investor and philanthropist-turned-recluse who was once the world's wealthiest man.
While Hughes, who died in 1976, never developed the 0.86-acre site in the Coconut Grove neighborhood, the estate's connection to the iconic figure adds a layer of intrigue to its appeal.
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<li>CEO of Integris gathered a team of senior investment managers who have $34.22 billion in combined owned and managed assets in the West Coast —<a href="https://www.benzinga.com/money/integris"> here&#8217;s how to invest in their private credit fund that targets 12% annual interest rate.</a></li>
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The 10,000-square-foot residence offers a private oasis just off Main Highway. Its Spanish-inspired exterior is adorned with crawling vines and arched windows and doorways.
The contemporary interior showcases a harmonious blend of limestone, marble, quartz, terrazzo, and wood. The eight-bedroom home has seven full bathrooms and four half bathrooms across three floors, which can be accessed by an elevator.
The home's entrance features a bright, double-height foyer. The main level offers a large living room with a fireplace and coffered ceiling, a formal dining room, a billiards room with a wet bar and a dedicated office.
See Also: This Jeff Bezos-backed startup will allow you to <a href="https://arrivedhomes.go2cloud.org/aff_c?offer_id=15&amp;aff_id=1006&amp;aff_sub=yahoo&amp;aff_sub2=byerscta100">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.</a>
Culinary enthusiasts will enjoy the gourmet chef's kitchen, which is equipped with top-of-the-line appliances, a casual dining area, and a butler's pantry for extra storage and prep space.
The primary suite on the main floor includes a cozy seating area with a fireplace, a large tiled bathroom, and direct patio access. The remaining bedrooms are distributed throughout the home.
The living room opens to a covered patio with a comfortable seating area and a modern outdoor kitchen. Vine-draped archways lead to the backyard, where a waterfall and a tranquil pond accompany a saltwater pool.
Trending: Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today.<a href="https://smartasset.com/retirement/find-a-financial-planner?utm_source=benzinga&amp;utm_campaign=ben&amp;utm_content=y2_5MilNestEgg"> SmartAsset&#8217;s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost</a> to decide which one is right for you.
On the second level, a spacious limestone-paved terrace provides additional outdoor lounging space. Other amenities include a media/family room, a lower-level recreation room, a gym, a hot tub and a sauna.
A short stroll from the main house is a one-story indoor-outdoor yoga studio with a deck that offers views of a pond filled with African cichlid fish and lily pads.
The property's grounds – called the White Dove Garden – were completed in 2022 by renowned designer Raymond Jungles. The garden boasts a canopy of live oaks, Simpson's stopper, black ironwoods, pigeon plums and a Talipot palm. The property also has access to a small communal park, a private tennis court and a 40-foot dock for easy access to Biscayne Bay.
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Real Estate

Eccentric Billionaire Howard Hughes' Former Miami Estate On Market For $55.5 Million

Wells Fargo's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) short percent of float has fallen 20.72% since its last report. The company recently reported that it has 30.06 million shares sold short, which is 0.88% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.9 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Wells Fargo Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737123312_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Wells Fargo has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Wells Fargo's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Wells Fargo's peer group average for short interest as a percentage of float is 1.11%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(WFC) - Analyzing Wells Fargo's Short Interest

Houlihan Lokey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLI#NYSE">HLI</a>) has outperformed the market over the past 5 years by 15.52% on an annualized basis producing an average annual return of 27.82%. Currently, Houlihan Lokey has a market capitalization of $12.53 billion. 
Buying $1000 In HLI: If an investor had bought $1000 of HLI stock 5 years ago, it would be worth $3,411.28 today based on a price of $178.60 for HLI at the time of writing.
<h3>Houlihan Lokey's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737123307_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Houlihan Lokey Stock In The Last 5 Years

Guggenheim analyst John Heinbockel reiterates Life Time Group Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTH#NYSE">LTH</a>) with a Buy and raises the price target from $29 to $32.

Guggenheim Reiterates Buy on Life Time Group Hldgs, Raises Price Target to $32

Guggenheim analyst Jonathan Lee reiterates Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) from Neutral to Neutral.

INFY

Guggenheim Reiterates Neutral on Infosysto Neutral

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Stifel analyst Jeff Stantial initiated coverage on Flutter Entertainment PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) with a Buy rating and announced a price target of $320. Flutter Entertainment shares closed at $257.56 on Thursday. <a href="https://www.benzinga.com/quote/flut/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James analyst Sam Darkatsh initiated coverage on Watsco Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSO#NYSE">WSO</a>) with a Market Perform rating. Watsco shares closed at $491.10 on Thursday. <a href="https://www.benzinga.com/quote/wso/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>DA Davidson analyst Brent Thelman initiated coverage on Orion Group Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORN#NYSE">ORN</a>) with a Buy rating and announced a price target of $11. Orion shares closed at $7.29 on Thursday. <a href="https://www.benzinga.com/quote/orn/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Timothy Arcuri initiated coverage on Semtech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) with a Buy rating and announced a price target of $85. Semtech shares closed at $68.93 on Thursday. <a href="https://www.benzinga.com/quote/smtc/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>William Blair analyst Louie DiPalma initiated coverage on Sterling Infrastructure Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRL#NASDAQ">STRL</a>) with an Outperform rating. Sterling Infrastructure shares closed at $178.48 on Thursday. <a href="https://www.benzinga.com/quote/strl/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying SMTC stock? Here&#8217;s what analysts think:
<img decoding="async" src="https://www.benzinga.com/files/images/story/2025/1737123127_0.png" alt="" />
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This Semtech Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday

Combined with the upcoming launch of its Post-Quantum Hardware Platform, SEALSQ is setting a new benchmark for secure solutions across industries that demand the highest levels of protection
SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) ("SEALSQ" or "Company"), a company specializing in Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced that its MS600X Secure Hardware Platform has been awarded the Common Criteria EAL5+ Certification, one of the highest internationally recognized levels of security certification for hardware products. This achievement underscores SEALSQ's commitment to delivering robust, reliable, and secure solutions for critical applications in Internet of Things (IoT), smart metering, and beyond.
The Common Criteria Evaluation Assurance Level (EAL) is a globally accepted standard for evaluating the security of IT products. The EAL5+ Certification is specifically tailored for products designed to protect high-value assets against sophisticated attacks. This level of certification guarantees a thorough and rigorous evaluation process, demonstrating SEALSQ's dedication to ensuring unparalleled security in its hardware platforms.

LAES

SEALSQ Announces Common Criteria EAL5+ Certification For MS600X Secure Hardware Platform

Oil prices extended their decline on Friday after Israel's Security Cabinet approved a ceasefire deal with Hamas, signaling a potential end in the <a href="https://www.benzinga.com/topic/gaza">15-month-long Gaza conflict.</a>
West Texas Intermediate crude futures – as tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) – edged down 0.6% to $78.38 a barrel as of 8:40 a.m. ET, following a sharp 2.7% drop on Thursday. 
Brent crude also eased 0.5% to $81 per barrel. Meanwhile, U.S. energy stocks, as tracked by the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), edged 0.1% higher in the premarket, eyeing their eight straight day of gains. 
In a note Friday, <a href="https://www.energyintel.com/00000194-713c-d625-ab9e-f3bdb2db0000">Energy Intelligence</a> said oil prices fell amid expectations that Yemen's Iran-backed Houthi militia may halt attacks on vessels in the Red Sea, thus provoking less disruptions to global trade and oil flows. 
Israeli President Isaac Herzog hailed the Security Cabinet's approval of the ceasefire deal as a "vital step," emphasizing the moral and national duty of bringing home Israeli hostages.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I welcome the Israeli Security Cabinet&#39;s decision to approve the hostage deal which will bring our hostages home, as presented by the Prime Minister and the negotiating team. I expect the government to follow suit in swiftly affirming this decision. This is a vital step toward… <a href="https://t.co/djCvh3WK39">pic.twitter.com/djCvh3WK39</a>
&mdash; יצחק הרצוג Isaac Herzog (@Isaac_Herzog) <a href="https://twitter.com/Isaac_Herzog/status/1880241695637328243?ref_src=twsrc%5Etfw">January 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In a statement on X , Herzog acknowledged the emotional weight of the agreement, particularly for families whose loved ones may not return in the initial stages.
&#8220;I welcome the Israeli Security Cabinet&#8217;s decision to approve the hostage deal which will bring our hostages home, as presented by the Prime Minister and the negotiating team. I expect the government to follow suit in swiftly affirming this decision.&#8221;
Herzog's statement, released just before Shabbat, also carried a message of hope and national healing, urging Israelis to see this moment as an opportunity to rebuild and shape their shared future. 
&#8220;I harbor no illusions — the deal will bring with it great challenges and painful, agonizing moments that we will need to overcome and face together. With all my heart, I embrace the families of the hostages, especially those who know that their loved ones will not return in the first stage. We must bring everyone back. Everyone! We will not rest or relent until this happens.&#8221;
While the ceasefire agreement must still pass a full Cabinet vote, Herzog's strong endorsement signals growing political momentum behind the deal.
On Thursday, Prime Minister Benjamin Netanyahu spoke separately with U.S. President Joe Biden and President-elect Donald Trump, thanking them for their roles in advancing the deal.
<h3 class="wp-block-heading">Red Sea Shipping Risks Keep Oil Markets Unsettled</h3>
Despite the ceasefire, S&amp;P Global Ratings <a href="https://www.spglobal.com/commodity-insights/en/news-research/latest-news/shipping/011625-shipping-risks-via-red-sea-remain-elevated-despite-israel-hamas-ceasefire">indicated</a> that most shipping firms are still maintaining alternative routes away from the Red Sea due to ongoing security concerns. 
A senior oil trading executive told the rating agency that &#8220;the risk of Houthi rebel attacks on ships remains significant,&#8221; as the group is backed by Iran.
This continued disruption could sustain pressure on oil prices, given the strategic importance of the Red Sea for global energy trade. The Bab el-Mandeb Strait, which connects the Red Sea to the Gulf of Aden, is a key chokepoint for oil shipments from the Middle East to Europe and North America.
Analysts at Capital Economics say the ceasefire's impact on global inflation and monetary policy may be overstated.
While easing geopolitical tensions could lower energy and shipping costs, the broader disinflationary effects might not be strong enough to significantly influence central banks&#8217; rate decisions.
According to Upstream, if the ceasefire holds, market focus could shift toward the U.S. and Russia. Yet, doubts persist over how durable the peace agreement will be and what it means for long-term stability in the region.
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Oil Dips As Israeli Security Cabinet Approves Gaza Ceasefire, Yet Experts Warn Red Sea Risks Persist

Schlumberger N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) shares are trading higher after the company reported <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b43052124/slb-announces-fourth-quarter-and-full-year-2024-results-increases-dividend-and-initiates-2-3-billi" rel="noreferrer noopener">better-than-expected fourth-quarter 2024 results</a>.
Revenue grew 3% year over year to $9.28 billion, beating the consensus of $9.18 billion.
North America rose 7%, driven by growth in offshore activity in the U.S. Gulf of Mexico and higher Asset Performance Solutions revenue in Canada, despite lower drilling activity in U.S. land.
International revenue improved 3% year-over-year, while revenue in&nbsp;Latin America&nbsp;declined&nbsp;3%&nbsp;sequentially, driven primarily by reduced drilling activity in Mexico.
Adjusted EPS increased 7% to 92 cents, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">above the consensus of 90 cents.</a>
Revenue by Division: Digital &amp; Integration $1.156 billion (+10% Y/Y); Reservoir Performance $1.81 billion (+4% Y/Y); Well Construction $3.267 billion (-5% Y/Y), and Production Systems $3.197 billion (+9% Y/Y).
Adjusted EBITDA was $2.382 billion for the quarter, an increase of 5% Y/Y, and margin expanded 33 bps to 25.7%. The pretax segment operating margin contracted by 12 bps for the quarter to 20.7%.
Operating cash flow for the fiscal totaled $6.602 billion compared to $6.637 billion a year ago, and free cash flow was $3.99 billion.
For the quarter, cash flow from operations was $2.39 billion, and free cash flow was $1.631 billion.
Dividend: SLB declared a quarterly cash dividend increase of 3% to $0.285 from $0.275 per share, payable on April 3, 2025, to stockholders of record on February 5, 2025.
In the quarter, SLB repurchased 11.8 million shares for $501 million, totaling 38.4 million shares for the year. On December 20, 2024, SLB initiated $2.3 billion in accelerated share repurchase transactions, with 80% of shares delivered by January 13, 2025. This positions the company to increase total return to shareholders from $3.3 billion in 2024 to a minimum of $4 billion in 2025.
&#8220;With the anticipated completion of our announced acquisition of ChampionX, we are set to further strengthen our production and recovery capabilities, enabling us to deliver even greater value to our customers. This strategic acquisition will also enhance the resilience of the SLB portfolio, providing some stability against the cycles in the years to come,&#8221; commented SLB Chief Executive Officer Olivier Le Peuch.
&#8220;SLB remains committed to expanding EBITDA margins, generating strong cash flows, and increasing returns to shareholders,&#8221; Le Peuch concluded.
Price Action: SLB shares are trading higher by 1.90% at $41.87 premarket at the last check Friday.
Image via Shutterstock.

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