Articles written by Lekha Gupta - Benzinga

Phillips 66 Stock Under Pressure As Refining Losses Offset Midstream Gains

|Phillips 66 reported a decline in Chemicals segment income and improved loss in Refining segment, with plans to return cash to shareholders and reduce debt.

Why Is AST SpaceMobile Stock Jumping Today?

|ASTS shares up on premarket as FCC grants approval for AST SpaceMobile to conduct testing in US with unmodified smartphones using AT&T and Verizon's spectrum.

Exxon Mobil Q4 Earnings: Mixed Results, But CEO Promises 'Profitable Growth Well Into the Future'

|Exxon Mobil reported Q4 results with revenues of $83.4B, missing expectations. Adjusted EPS beat at $1.67 & company plans to expand share repurchases.

Chevron Q4 Earnings: Profits Decline Amid Lower Oil Output, Dividend Hike Offers Silver Lining

|CVX shares down after Q4 results: Revenue of $52.23B beat consensus of $46.75B. Production down in Q4, up 7% in 2024. Adjusted EPS of $2.06 misses consensus. Dividend increased by 5%.

MicroStrategy Supercharges AI, Unveils Updates To MicroStrategy ONE

|MicroStrategy shares up after launching MicroStrategy ONE with updated features for AI interactions and cloud accessibility.

General Dynamics' Growth Vs. Uncertainty: Analyst Flags Margin Challenges And Policy Risks

|RBC analyst cuts GD price forecast to $280, cites concerns on defense margin and uncertainty in sector. Sees 150 and 160 deliveries in 2025 and 2026.

Caterpillar Has Potential For Multiple Expansion Post Earnings, Goldman Sachs Says

|Goldman Sachs analyst Jerry Revich believes Caterpillar's mixed Q4 results may signal a cyclical trough, with potential for multiple expansion.

Trane Technologies Reports Strong Q4, Backlog Reaches $6.75 Billion As Demand Remains Robust

|Trane Technologies reported 10% Y/Y revenue growth to $4.87B, surpassing consensus of $4.79B. Bookings increased 3% to $4.67B. FY25 outlook: 7-8% organic revenue growth and $12.70-$12.90 EPS.

Celestica Q4 Earnings Beat Estimates, Boosts FY25 Outlook On Strong CCS Segment Performance

|Celestica, Inc. (NYSE: CLS) reports strong Q4 results and raises 2025 outlook, with revenue up 19% and adjusted EPS beating estimates. CCS segment saw 30% revenue growth.

Dover Delivers Strong Q4 Margins & EPS Beat, Stock Climbs On 2025 Optimism

|Dover Corporation reported Q4 results with revenue at $1.930B, up 1% Y/Y but missed consensus. Company expects margin improvement in 2025 with double-digit EPS growth.

Blackstone's Q4 Earnings Tops Forecasts, Private Equity Earnings Skyrocket 270%, CEO Calls Q4 'One Of The Best'

|Blackstone Inc (BX) shares up on higher Q4 fiscal year revenues of $4.15B (+56% DE, +76% Fee-related). AUM rose 8%, dividend of $1.44 declared.

Dow Inc. Q4: Earnings Miss, Packaging Segment Struggles, Job Cuts And More

|Dow Inc reports Q4 results, cost-saving targets. Sales decline with weak demand in Plastics, but volume increases. Operating EBIT down, adjusted EPS misses estimates. CEO confident in future growth and operational discipline.

Shell Q4: Lower Earnings, Cost Reductions, Dividend Boost And More

|Shell reports Q4 results, with revenue of $66.28 billion. The company announced the start of a share buyback program worth $3.5 billion.

KKR Sinks Its Teeth Into Henry Schein With Additional Investment And Board Seats: Details

|Henry Schein shares up on strategic investment from KKR, management appointments, share buyback, and preliminary results.

TotalEnergies, STMicroelectronics Sign First-Of-Its-Kind 15-Year Renewable Power Deal In France

|TotalEnergies SE (NYSE: TTE) enters 15-year renewable energy deal with STMicroelectronics N.V. (NYSE: STM) for 1.5 TWh in France.

Corning Beats On Q4: AI Boom Powers 51% Optical Sales Surge, Stock Climbs

|Corning reported strong Q4 results, with 18% Y/Y core sales growth to $3.87 billion and EPS of 57 cents.

Hess Tops Sales, Earnings Forecasts as Bakken & Guyana Drive Growth

|Shares of Hess Corporation (NYSE: HES) are up premarket on Q4 sales of $3.19B, beating consensus of $2.87B. Production rose in Guyana and the Bakken.

Elevator Maker Otis Reports Mixed Q4 Results, China Weakness Weighs On Outlook

|Otis Worldwide reported mixed Q4 results, with lower than expected FY25 outlook. Sales grew 1.5% Y/Y, while EPS missed estimates.

Planet Labs Gains On Multi-Year Deal With European Space Agency

|Planet Labs shares rise premarket after signing multi-year deal with European Space Agency, diversifying data portfolio and expanding capabilities.

Zimmer Biomet Snaps Up Paragon 28 In $1.2 Billion Deal: Details

|Zimmer Biomet agrees to acquire Paragon 28 for $1.1 billion, with a non-tradeable CVR up to $1 per share. Deal expected to close in first half of 2025.