Articles written by Lekha Gupta - Benzinga

Amentum Offloads Hardware Unit To Focus On Critical Services, Inks $360 Million Deal With Lockheed Martin

AMTM shares up premarket as it sells Rapid Solutions business for $360M to Lockheed Martin. Plans to release Q2 FY25 results on May 7.

ATI Upgrade: Analyst Weighs Strong Aftermarket, OE Ramp Against Tariff Risks And Airframe Slowdown

ATI shares up after upgrade to Overweight with $55 forecast by KeyBanc analyst, who anticipates strong operational performance and growth.

Goldman Sachs Sticks To Neutral On Old Dominion, Eyes April Revenue, Tonnage Trends, Q2 Margin Improvement

Goldman Sachs analyst reiterates Neutral Rating on ODFL with a $192 price forecast following Q1 results, which beat expectations.

Lockheed Can Unlock Significant F-35 Growth Potential With This Clever Pivot: Analyst

Lockheed reported a 4% year-over-year increase in net sales to $18 billion, beating the consensus of $17.8 billion.

Nomura Eyes Global Growth With $1.8 Billion Macquarie Asset Buyout, Targets Growing AUM To $770 Billion

Nomura Holdings Inc to acquire Macquarie Group's public asset management operations in US and Europe for $1.8 billion, increasing AUM to $770 billion.

Texas-Based Baker Hughes Warns Of $100-$200 Million EBITDA Risk From Tariffs In 2025

Baker Hughes Company (BKR) reports flat revenue of $6.43B in Q1 FY25, misses consensus of $6.49B. Adjusted EPS beats at $0.51. Orders fall 1% to $6.46B. Company declares dividend of $0.23. Expects revenue of $6.3B-$7B for Q2 FY25 and sees 'high degree of variability' for FY25 due to trade policy uncertainty.

Old Dominion Earnings Shine Despite Revenue Slide, CEO Blames 'Ongoing Softness' In Economy

Old Dominion Freight Line shares rise after reporting first-quarter results. Revenue declines, but LTL revenue per hundredweight increases.

Vertiv Raises Full-Year Outlook, 25% Organic Sales Growth Fuels Strong Q1

Vertiv reported strong Q1 2025 results with net sales up 24% Y/Y to $2.04B, organic sales up 25% Y/Y, and adjusted EPS at $0.64, beating consensus.

Otis Raises Sales Forecast As China Drag Weighs On Elevator Giant

Otis Worldwide Corporation (NYSE:OTIS) reported lower sales and profits in its first quarter of 2025, missing analyst estimates.OTIS reports lower Q1 2025 sales and profits, missing analyst estimates. Raised net sales guidance for 2025, declares quarterly dividend increase.

Ryder System Mixed Signals: Q1 Revenue Soft, Profit Strong, Cuts FY25 Outlook

Ryder System Inc stock gained after reporting Q1 2025 results. Revenue grew by 1%, operating revenue grew by 2%. Adjusted EPS beat estimates.

Self-Storage REITs Score Upgrade From BofA Analyst: 8% Decline In New Construction Helps Sector

Self‑storage REITs will benefit from easier year‑over‑year comparisons and an 8% decline in new construction starts.

Sapiens Taps APAC Growth With $22 Million Candela Acquisition

Sapiens International Corporation (NASDAQ: SPNS) plans to acquire Candela for $22 million, expanding their life insurance offerings and presence in APAC.

Analysts Trim Comerica Price Forecasts On Softer Outlook Despite Strong Q1

Analysts lower price forecast on Comerica (CMA) after Q1 earnings missed sales estimate but beat EPS. FY25 outlook reflects slower loan growth.

Guidewire Doubles Down On Japan, Plans $60 Million Investment to Meet Cloud Demand

Guidewire Software (NYSE: GWRE) to invest $60 million over 5 years in Japan to develop solutions for local insurers, boost platform and team.

Atkore Expects Strong Solid Q2 Performance Despite Flags Impairment Charge, Reaffirms FY25 Outlook

Atkore Inc. (ATKR) expects strong Q2 results, with net sales of $695-$705M, adjusted EPS of $2.01-$2.08, and adjusted EBITDA of $115-$118M. Labor deal and FY25 outlook reiterated. Impairment charge affected quarterly net loss. Stock up 4.46% premarket.

S&P Global Expands AI Capabilities With New Integration In Microsoft 365 Copilot

S&P Global Inc. introduces AI agent capabilities integrated with Microsoft 365 Copilot, providing seamless access to commodity sector data for enhanced decision-making.

Boeing Finalizes $10.55 Billion Deal To Divest Jeppesen And ForeFlight Assets

Boeing sells parts of its Digital Aviation Solutions division to Thoma Bravo for $10.55B in cash. Deal expected to close by end of 2025.

Devon Energy Unveils $1 Billion Annual Optimization Plan, Targets Efficiency Gains By 2026

Devon Energy Corporation (NYSE: DVN) unveils business optimization strategy to enhance pre-tax free cash flow by $1.0 billion annually through various initiatives.

Novagold Inks Deal With Barrick Gold, Boosts Stake In Donlin Project For $1 Billion

Novagold Resources Inc. and Paulson Advisers LLC have announced a $1 billion deal to acquire Barrick Gold Corporation's 50% stake in Donlin Gold LLC, establishing a new partnership aimed at advancing the Donlin Gold project in Alaska.

PulteGroup Tops Q1 Estimates Despite Drop In Closings As Housing Slowdown

PulteGroup shares rise after reporting Q1 FY25 results with total revenues of $3.89 billion and adjusted EPS of $2.57, beating estimates.