US Stock Reports, Quotes and News
Ramelius Resources (RMS.AX) has reported a record quarterly gold production, resulting in an upgraded full-year production guidance and a reduction in cost guidance. The company announced during its earnings call that it achieved a gold production of 86,928 ounces for the quarter, with an all-in sustaining cost of $1,344 per ounce.
Getinge AB (GETI B), a leading global provider of medical technology products and solutions, reported a 5.2% increase in sales for the first quarter of 2024, with a steady organic sales performance despite previous year's high comparative figures from COVID-19 impacts in China. The company's order intake rose by 7.8%, showing organic growth across all business areas and regions.
ServisFirst Bancshares, Inc. (NYSE:SFBS) began the first quarter of 2024 on a positive note, showcasing significant growth in net loans and a robust loan pipeline. The bank's Chief Credit Officer, Henry Abbott, reported an improvement in credit quality, while the Chief Financial Officer, Kirk Pressley, noted the highest net interest income since Q1 of 2023 and an optimistic outlook for the year. The bank is preparing to enter a new market and has strengthened its team with nine new bankers. Despite a rise in non-performing assets, which was attributed to a single credit, ServisFirst remains well-positioned against its competitors in this area. The bank's liquidity position appears solid, with expectations of deposit growth and a lift in yields on earning assets. ServisFirst's customer base is expanding, buoyed by a more optimistic outlook and receding recession concerns.
Cathay General Bancorp (NASDAQ:CATY) experienced a 13.4% decrease in net income during the first quarter of 2024, reporting $71.4 million, as revealed in their recent earnings call. The decline was attributed to a mark-to-market loss from equity securities and an increased FDIC special assessment. Despite a decrease in total gross loans, the bank saw a significant increase in total deposits.
Simpson Manufacturing Company (SSD) has reported a mixed set of results for the first quarter of 2024. The company saw a slight decline in net sales, which totaled $530.6 million. Despite a relatively stable U.S. housing market, North American volumes grew by 8%, contrasting with a 3.4% decrease in European net sales.
SAP SE (ETR:SAPG) (SAP) reported a robust start to 2024, with its first-quarter earnings showcasing a significant surge in cloud revenue and backlog, alongside a healthy increase in operating profit. The company's cloud revenue climbed by 25% to EUR 3.9 billion, while the current cloud backlog expanded by 28% to a record EUR 14.2 billion. Operating profit rose by 19% to EUR 1.5 billion, reflecting strong performance across various regions and a strategic focus on cloud and AI-driven growth.
Cadence Design Systems, Inc. (NASDAQ:CDNS) reported a robust first quarter in 2024, surpassing its own financial guidance with a total revenue of $1.009 billion. The company's strong performance is backed by significant design activity in key technology areas and a record backlog that positions it well for the future.
Liberty Energy (ticker: LBRT) has reported strong financial performance in the first quarter of 2024, with revenue reaching $1.1 billion and adjusted EBITDA standing at $245 million.
Netflix Inc. (NASDAQ:NFLX) announced in its Q1 2024 Earnings Interview that it will discontinue the reporting of quarterly membership and average revenue per member (ARM) data starting in 2025. This shift is due to the evolving nature of the company\’s revenue model, which now encompasses advertising and additional member features.
Intuitive Surgical, Inc. (ISRG) has reported a solid performance in the first quarter of 2024, with a 16% increase in procedure growth year-over-year. The growth was primarily driven by a rise in patient volume following the pandemic and was particularly strong in general surgery.
Marsh McLennan (NYSE: NYSE:MMC) has delivered robust financial results for the first quarter of 2024, with significant growth in underlying revenue across all business segments. The company reported a 9% increase in underlying revenue, an 11% rise in adjusted operating income, and a 14% growth in adjusted EPS. Additionally, Marsh McLennan completed $300 million in share repurchases and made strategic acquisitions to enhance its market position. The firm\’s insurance and reinsurance market conditions remained stable, with rate increases in primary insurance and reinsurance markets meeting the higher demand. Looking ahead, Marsh McLennan forecasts continued mid-single-digit or better underlying revenue growth, margin expansion, and strong adjusted EPS growth for the full year.
Forestar Group Inc . (NYSE:FOR) reported a robust performance in its second quarter, with a significant increase in net income and consolidated revenues. The company\’s net income rose by 67% to $45 million, while consolidated revenues grew by 11% to $333.8 million. The number of lots sold also saw a 10% increase, reaching 3,289.