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Vontier

Vontier, spun off from Fortive in 2020, is an industrial technology company with a portfolio of transportation and mobility solutions. The company offers a wide array of products and services, including fueling equipment, sensors, point-of-sale and payment systems, telematics, and equipment used by vehicle mechanics and technicians. Vontier generated approximately $3.1 billion in sales in 2023.

Analyst Color

Equities

Mid Cap

News

Upgrades

Price Target

Markets

Analyst Ratings

Movers

Trading Ideas

BofA Securities analyst Andrew Obin upgraded Vontier Corp (NYSE: VNT) to Buy from Neutral at an increased 

Vontier Prepared For A Solid 2024 With Revenue And Margin Growth: Analyst

Small Cap

Pre-Market Outlook

BRBR

BRSP

NVAX

RIVN

U.S. stock futures traded higher this morning. Here are some big stocks recording losses in today’s pre-market trading session.


Novavax, AMC Entertainment And Other Big Stocks Moving Lower In Wednesday&#39;s Pre-Market Session

Downgrades

Several industrial stocks were on the move on Monday after one Wall Street analyst adjusted his coverage and named his top sector stock picks for 2023.

The Analyst: Bank of America analyst Andrew Obin has issued the following industrial stock ratings changes:

Analyst Downgrades Johnson Controls And 3 Other Industrial Stocks, Names Top Sector Picks For 2023

Management

Harsco&#39;s CFO Anshooman Aga Resigns To Join Vontier

Buybacks

Tech

Here&#39;s Why Vontier Shares Are Trading Higher Today

Earnings

Guidance

Vontier Q2 Result Tops Estimates, Lifts FY21 Outlook On Order Growth

Media

Vontier To Acquire DRB Systems For $965M, Raises Q2 Earnings Outlook

ABNB

BOOT

RADA

SEAH

ZNGA

On CNBC&#39;s &#34;Mad Money Lightning Round,&#34; Jim Cramer said Israeli weapons company Rada Electronic Industries Ltd (NASDAQ: RADA) is highly valued.

Cramer Weighs In On Zynga, Hyatt And More in &#39;Lightning Round&#39;

Investors Cheer Vontier&#39;s Hiked FY21 Guidance After Strong Q1 Earnings Growth

AMPH

FUBO

Some of the stocks that may grab investor focus today are:

5 Stocks To Watch For December 29, 2020

Vontier Corp

Ventana Biotech Inc

VENTANA GLOBAL INC by Ventana Global Inc.

Ventana Global Inc

VINTE VIVNDAS INTEGRALE by VINTE VIVIENDAS INTEGRALES S A B

Vinte Viviendas Integrales SAPI de CV

NANO MOBILE HEALTHCARE by Nano Mobile Healthcare, Inc.

Nano Mobile Healthcare Inc

VENTURENET CAP GROUP INC by VentureNet Capital Group, Inc.

VentureNet Capital Group Inc

Venator Materials PLC

VENATOR MATERIALS PLC by Venator Materials PLC

Comcast Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) reported better-than-expected earnings for its <a href="https://www.benzinga.com/25/01/43335926/comcast-q4-earnings-beats-estimates-peacock-subscribers-surge-29-dividend-raised-15-billion-buyback-approved">fourth quarter on Thursday</a>.
The company posted a fourth-quarter revenue growth of 2.1% year-over-year to $31.92 billion, beating the analyst consensus estimate of $31.64 billion. The company reported adjusted EPS of 96 cents, beating analyst consensus estimates of 86 cents.
The media segment posted revenue growth of 3.5% year over year to $7.22 billion.
Peacock's paid subscribers increased 29% Y/Y to 36 million while revenue grew by 28% year over year to $1.3 billion.
Studios' revenue increased by 6.7% Y/Y to $3.27 billion due to higher theatrical revenue, including Wicked and The Wild Robot. Theme Parks revenue increased by 0.1% Y/Y to $2.37 billion due to lower revenue at its domestic theme parks, driven by lower guest attendance.
&#8220;We had the best financial performance in our company&#8217;s 60-year history with record revenue, EBITDA and EPS along with significant free cash flow,&#8221; said Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation.
Comcast shares dipped 11% to close at $33.25 on Thursday.
These analysts made changes to their price targets on Comcast following earnings announcement.
<ul>
<li>Goldman Sachs analyst Michael Ng maintained Comcast with a Buy and lowered the price target from $50 to $44.</li>
<li>B of A Securities analyst Jessica Reif Cohen downgraded Comcast from Buy to Neutral and lowered the price target from $50 to $38.</li>
</ul>
Considering buying CMCSA stock? Here&#8217;s what analysts think: 
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43335398/wall-streets-most-accurate-analysts-spotlight-on-3-risk-off-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Risk Off Stocks Delivering High-Dividend Yields</a></li>
</ul>

CMCSA

These Analysts Slash Their Forecasts On Comcast After Q4 Results

Vision Marine Technologies Inc. (the "Company", "Vision Marine", "we", "us", "our") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>), a leading innovator in electric marine propulsion, proudly announces that one of our boats integrated with our groundbreaking E-Motion&#x2122; 180E Electric Marine HV Powertrain has successfully received "CE" certification or European conformity. This milestone marks Vision Marine's strategic push toward greater penetration in the European market with its electric marine powertrain products, showcasing its product's readiness to meet the European Economic Area's demand for sustainable and high-performance boating solutions.

VMAR

Vision Marine Technologies Achieves European CE Certification For E-Motion Equipped Electric Boat

D. Boral Capital analyst Jason Kolbert maintains Geovax Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOVX#NASDAQ">GOVX</a>) with a Buy and maintains $18 price target.

GOVX

D. Boral Capital Maintains Buy on Geovax Labs, Maintains $18 Price Target

FMST

Foremost Clean Energy Shares Resume Trading

The D.O.G.E. meme coin, named after the <a href="https://www.benzinga.com/government/regulations/25/01/43182640/elizabeth-warren-lists-changes-for-elon-musks-doge-department-urges-guantanamo-closure-due-to-hundreds-of-millions-in-annual-costs">Department of Government Efficiency</a>, is down 30% in a month, but traders still see a possibility for the meme coin to bounce back.
What Happened: Prominent trader Unipcs <a href="https://x.com/theunipcs/status/1882859338244440567">noted</a> on X on Friday that D.O.G.E> did not perform as expected due to the launch of Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>), which pulled liquidity from the broader meme coin market—including Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) itself.
Before TRUMP's debut, both Doge-related meme coins appeared primed for new highs, but liquidity rotation and "sell-the-news" sentiment led to a major drawdown. 
Over the past month, D.O.G.E> has dropped 30%, while Dogecoin remains up 4%.
The trader argues that unlike most election-based meme coins, D.O.G.E. has a strong, lasting narrative that should continue gaining traction throughout Trump's administration. 
Elon Musk's ongoing meme involvement further adds to its credibility and potential longevity.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Market Cap</td>
<td>24-Hour Trend</td>
<td>1-Month Trend</td>
</tr>
<tr>
<td>Department of Government Efficiency </td>
<td>$0.06884</td>
<td>$67.4 million</td>
<td>+21.9%</td>
<td>-30.7%</td>
</tr>
<tr>
<td>Dogecoin</td>
<td>$0.3339</td>
<td>$49.4 billion</td>
<td>+0.9%</td>
<td>+5.2%</td>
</tr>
<tr>
<td>TRUMP </td>
<td>$26.25</td>
<td>$5.2 billion</td>
<td>-2.9%</td>
<td>+304.6%</td>
</tr>
</tbody>
</table>
</figure>
He also highlighted potentially bullish factors , such as on-chain metrics, with over 4,200 new holders in the past week across Ethereum and Solana, record-breaking volume during the sell-off and a strong, committed community and team.
While short-term price action has been weak, the underlying fundamentals remain intact, Unipcs argues.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43301072/if-you-invested-10-in-trump-meme-coin-when-it-launched-heres-how-much-you-could-have-made">If You Invested $10 In TRUMP Meme Coin When It Launched, Here&#8217;s How Much You Could Have Made</a>
What's Next: Since launching in mid-January, the TRUMP meme coin has skyrocketed to a $5.2 billion market cap with $1.88 billion in 24-hour trading volume, quickly cementing itself alongside DOGE, Shiba Inu and Pepe.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43095721/dogecoin-up-2-after-logo-appears-on-doge-department-site">Dogecoin Up 2% After Logo Appears On DOGE Department Site</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$DOGE

$TRUMP

Department Of Government Efficiency Meme Coin Plummets 30% As Attention Pivots To TRUMP

Looking into the current session, Carrier Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) shares are trading at $65.53, after a 0.66% drop. Over the past month, the stock fell by 4.75%, but over the past year, it actually went up by 17.26%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2025/1738331113_0.png" alt="Past Year Chart" />

<h3>A Look at Carrier Global P/E Relative to Its Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of 28.37 in the Building Products industry, Carrier Global Inc. has a higher P/E ratio of 38.81. Shareholders might be inclined to think that Carrier Global Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1738331113_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

CARR

P/E Ratio Insights for Carrier Global

Barrington Research analyst Gary Prestopino maintains Standex International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXI#NYSE">SXI</a>) with a Outperform and maintains $220 price target.

Barrington Research Maintains Outperform on Standex International, Maintains $220 Price Target

The Federal Reserve&#8217;s preferred inflation measure surged as predicted last month, quelling headwinds for the central bank&#8217;s goal of gradually reaching the 2% target, while a strong surge in personal spending continued to reiterate the <a href="https://www.benzinga.com/news/econ-s">health of U.S. consumers.</a>
The Personal Consumption Expenditures price index rose 2.6% in December 2024 on a year-over-year basis, according to data released Friday. This means an acceleration from the previous 2.4% but in line with economic forecasts of 2.6%, as tracked by TradingEconomics estimates.
It&#8217;s also the third consecutive increase in annual PCE inflation, following a low of 2.1% in September of last year. On a monthly basis, the PCE price index rose 0.3%, up from 0.1% in the prior month, but in line with expectations.
Core PCE inflation, which excludes volatile energy and food prices, held steady at 2.8% year over year, matching forecasts. On a monthly basis, core PCE rose 0.2%, also aligning with estimates.
In its December macroeconomic projections, the Federal Reserve raised its 2025 inflation outlook, expecting both headline and core PCE inflation to average 2.5% in 2025.
Meanwhile, personal income increased 0.4% month over month in December, accelerating from 0.3% in November, in line with expectations. Personal spending spiked 0.7%, up from the previous 0.6%, beating forecasts of 0.5% and marking the strongest increase since March 2024.
<h3 class="wp-block-heading">Market Reactions</h3>
The U.S. dollar index, which is tracked by the&nbsp;Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), held broadly steady minutes after the release.
Treasury yields inched marginally higher,&nbsp;with the 10-year yield up by 2&nbsp;basis points to 4.54%. 
Futures on major U.S. indices traded mostly in the green in New York premarket trading, with contracts on the S&amp;P 500 up 0.5%, although a tad lower following the PCE release. On Thursday, the SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) closed 0.5% higher.
Gold prices – tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) – remained steady at record highs of $2,800 per ounce, up 0.4% for the day. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/econ-s/25/01/43348204/gold-hits-record-high-as-central-banks-ease-stance-5-mining-stocks-rally">Gold Hits Record High As Central Banks Ease Stance: 5 Mining Stocks Rally</a></li>
</ul>
Photo via Shutterstock.

Macro Economic Events

Broad U.S. Equity ETFs

Econ #s

Economics

Federal Reserve

ETFs

PowerShares DB US Dollar Index Bullish Fund

Fed's Favorite Inflation Gauge Rises As Predicted, Consumer Spending Jumps At Fastest Pace In 9 Months

Barrington Research analyst Kevin Steinke maintains Cimpress (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPR#NASDAQ">CMPR</a>) with a Outperform and lowers the price target from $119 to $95.

CMPR

Barrington Research Maintains Outperform on Cimpress, Lowers Price Target to $95

Franklin Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.53 by 11.32 percent. This is a 9.23 percent decrease over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $1.80 billion which beat the analyst consensus estimate of $1.74 billion by 3.48 percent. This is a 9.64 percent decrease over sales of $1.99 billion the same period last year.

Earnings Beats

Franklin Resources Q1 2025 Adj EPS $0.59 Beats $0.53 Estimate, Sales $1.80B Beat $1.74B Estimate

NVDA

Trump to Meet With Nvidia CEO At White House

United Parcel Service Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) reported mixed fourth-quarter <a href="https://in.benzinga.com/news/earnings/25/01/43335015/ups-q4-earnings-major-customer-volume-cut-raises-jitters-stock-tanks">results on Thursday</a>.
UPS reported consolidated revenue growth of 1.5% year-over-year to $25.301 billion, missing the consensus of $25.419 billion. Adjusted EPS was $2.75, up 11.3% YoY, above the consensus of $2.53.
"We are making business and operational changes that, along with the foundational changes we've already made, will put us further down the path to becoming a more profitable, agile and differentiated UPS that is growing in the best parts of the market," commented Carol Tomé, UPS chief executive officer.
For 2025, UPS said it expects revenue of ~ $89 billion, sharply below the $94.877 billion consensus, and sees an adjusted operating margin of 10.8%.
The company plans $3.5 billion in capital spending, $5.5 billion in dividends (pending approval), $1 billion in share buybacks, and an expected 23.5% tax rate.
UPS shares dipped 14.1% to close at $114.90 on Thursday.
These analysts made changes to their price targets on UPS following earnings announcement.
<ul>
<li>Baird analyst Benjamin Hartford downgraded United Parcel Service from Outperform to Neutral and lowered the price target from $160 to $130.</li>
<li>B of A Securities analyst Ken Hoexter maintained UPS with a Buy and cut the price target from $150 to $133.</li>
</ul>
Considering buying UPS stock? Here&#8217;s what analysts think:
Read This Next: 
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<li><a href="https://www.benzinga.com/25/01/43335398/wall-streets-most-accurate-analysts-spotlight-on-3-risk-off-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Risk Off Stocks Delivering High-Dividend Yields</a></li>
</ul>

These Analysts Cut Their Forecasts On UPS Following Q4 Earnings

Franklin Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) released its Q1 earnings on Friday, January 31, 2025 at 08:30 AM.
Here's what's important from the earnings announcement.
<h3>Earnings</h3>
Franklin Resources beat estimated earnings by 11.0%, reporting an EPS of $0.59 versus an estimate of $0.53.
Revenue was up $261.00 million from the same period last year.
<h3>Overview of Past Earnings</h3>
The company missed on EPS by $0.01 in the last quarter, resulting in a 4.0% increase share price change the following day.
Here's a look at Franklin Resources's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.60</td>
<td>0.57</td>
<td>0.57</td>
<td>0.57</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.59</td>
<td>0.60</td>
<td>0.56</td>
<td>0.65</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>1.69B</td>
<td>1.66B</td>
<td>1.66B</td>
<td>1.52B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>2.21B</td>
<td>2.12B</td>
<td>2.15B</td>
<td>1.99B</td>
</tr>
</tbody>
</table>

To track all earnings releases for Franklin Resources <a href="https://www.benzinga.com/quote/BEN/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Franklin Resources Earnings Report: Q1 Overview

Trading Halt: Halt status updated at 8:40:00 AM ET: Quotation Resumption: News and Resumption Times

Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) shares are trading higher after the company <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b43380321/exxonmobil-announces-2024-results" rel="noreferrer noopener">reported&nbsp;fourth-quarter results</a>.&nbsp;
Total revenues and other income&nbsp;stood at&nbsp;$83.4 billion, missing the consensus of&nbsp;$86.6 billion.
Net production in the&nbsp;fourth quarter&nbsp;was 4.6 million oil-equivalent barrels per day, an increase of 20,000 oil-equivalent barrels per day from the prior quarter.
Related: <a target="_blank" href="https://www.benzinga.com/25/01/42875502/oil-price-drop-to-cut-exxon-mobils-q4-upstream-earnings-by-up-to-09-billion" rel="noreferrer noopener">Oil Price Drop To Cut Exxon Mobil&#8217;s Q4 Upstream Earnings By Up To $0.9 Billion: Details</a>
Adjusted net profit came in at&nbsp;$7.39 billion, down from&nbsp;$8.61 billion&nbsp;in the prior quarter. Adjusted EPS stood at&nbsp;$1.67,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of&nbsp;$1.56</a>.
Exxon&#8217;s&nbsp;capital and exploration expenditures stood at&nbsp;$7.51&nbsp;billion&nbsp;in the&nbsp;fourth quarter, bringing 2024 expenditures to&nbsp;$27.6 billion.
The company achieved a cumulative structural cost savings of&nbsp;$12.1&nbsp;billion versus 2019, including savings of $0.8 billion in the quarter and $2.4 billion during the year.
The company expects to deliver cumulative savings of $18 billion <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">through the end of 2030 versus 2019</a>.
Dividend &amp; Repurchase: Exxon expects a first-quarter&nbsp;dividend per share of&nbsp;$0.99, payable on March 10, to shareholders of record as of&nbsp;February 12, 2025.
The company&#8217;s shareholder distributions totaled&nbsp;$36.0&nbsp;billion in 2024, comprising&nbsp;$16.7&nbsp;billion in dividends and&nbsp;$19.3&nbsp;billion&nbsp;in share repurchases.
As announced earlier, ExxonMobil plans to expand its annual $20 billion share repurchase program through 2026.&nbsp;
Darren Woods, chairman and chief executive officer, said, &#8220;Financially, we delivered some of our highest earnings and operating cash flow in a decade. We earned returns higher than our peers&nbsp;and well above our cost of capital, and we distributed more cash to shareholders than all but five companies in the entire S&amp;P 500.&#8221;
&#8220;We&#8217;re confident we&#8217;ll deliver on the plans we laid out to generate significantly more earnings and cash – not only to 2030, but well beyond. Our unique investment opportunities give us profitable growth well into the future, which underpins our financial strength and ability to return significant cash to shareholders.&#8221;
Investors can gain exposure to XOM via iShares U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>) and&nbsp;SPDR Select Sector Fund – Energy Select Sector&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>).
Price Action: XOM shares are up 0.91% at $110.57 premarket at the last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/01/43380449/us-stock-futures-climb-after-apple-beats-q4-expectations-expert-says-tech-stocks-hold-above-key-level-despite-deepseek-impact" target="_blank" rel="noreferrer noopener">US Stock Futures Climb After Apple Beats Q1 Expectations: Expert Says Tech Stocks Hold Above Key Level Despite DeepSeek Impact</a></li>
</ul>
Photo via Shutterstock.

Large Cap

iShares Dow Jones US Energy Sector Index Fund

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

<a href="https://www.mainebankers.com/events-education/events/" title="https://www.mainebankers.com/events-education/events/">https://www.mainebankers.com/events-education/events/</a>

Fed's Bowman Says Fragility Of Supply Chains, Geopolitical Tensions, Release Of Pent-up Demand Post Election, Other Factors Could Also Feed Inflation

WIIM

OPTT

Ocean Power Technologies shares are trading higher after the company announced it secured $2 million in purchase orders for PowerBuoys in Latin America.

Fed's Bowman Says Not Clear Monetary Policy Is Exerting Much Pressure On Economy, With Easy Financial Conditions And High Asset Prices Possibly Slowing Progress On Inflation; Watching Long-term Treasury Yields As Possible Sign Markets Are Expecting Tighter Policy Will Be Needed To Control Inflation; Labor Market Not Especially Tight But Wage Growth Still Inconsistent With 2% Inflation Target; First Quarter Data Important To How Quickly Inflation Will Improve Going Forward

Fed's Bowman Says Inflation Still Elevated With Upside Risk; Still Expect Inflation To Moderate But Need Data To Confirm That Before More Rate Cuts; Current Policy In A Good Place For Fed To Monitor Data, Be Clear On Economic Impact Of Trump Administration Policies Before Moving Rates Again; Rate Cuts Still Expected This Year But Future Moves Should Be Cautious And Gradual, With Time To Assess Data

KLA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) posted better-than-expected second-quarter financial <a href="https://www.benzinga.com/quote/KLAC/earnings">results on Thursday</a>.
KLA reported quarterly earnings of $8.20 per share which beat the analyst consensus estimate of $7.75 per share. The company reported quarterly sales of $3.08 billion which beat the analyst consensus estimate of $2.94 billion.
&#8220;KLA&#8217;s December quarter results were above the midpoint of our guidance ranges despite navigating through the business impact of new U.S. government export controls released late in the quarter. These results supported a strong finish to calendar 2024 for KLA highlighted by relative revenue growth outperformance and strong profitability,&#8221; said Rick Wallace, president and CEO, KLA Corporation. &#8220;The return to growth at the leading-edge continues to gain momentum led by expanding AI and high-performance computing investments. KLA&#8217;s differentiated portfolio of solutions aligns exceptionally well in helping enable our customers to navigate increasing technology complexity, growing design starts and larger semiconductor devices in an environment of rising semiconductor demand.&#8221;
KLA said it sees third-quarter total revenues of $3.0 billion +/- $150 million and adjusted EPS of $8.05 +/- $0.60.
KLA shares gained 4.1% to close at $742.43 on Thursday.
These analysts made changes to their price targets on KLA following earnings announcement.
<ul>
<li>Deutsche Bank analyst Sidney Ho maintained KLA with a Buy and raised the price target from $725 to $850.</li>
<li>Needham analyst Charles Shi maintained KLA with a Buy and raised the price target from $800 to $830.</li>
</ul>
Read This Next: 
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<li><a href="https://www.benzinga.com/25/01/43335398/wall-streets-most-accurate-analysts-spotlight-on-3-risk-off-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Risk Off Stocks Delivering High-Dividend Yields</a></li>
</ul>

KLAC

KLA Analysts Boost Their Forecasts After Upbeat Earnings

Press Releases

Vontier's Sparkion Power Launches Its First Installation with Recharge in Sweden, Marking a Significant Milestone in Renewable Energy Integration at EV Charging Sites


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Lois FrankelHouse (D-FL)	$1K - $15K	stock	Purchase	Oct 24, 2022	Sep 23, 2022	House
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