Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC’s "Halftime Report Final Trades," Jim Lebenthal of Cerity Partners named Wynn Resorts, Limited (NASDAQ: WYNN) as his final trade.
On Feb. 7, Wynn Resorts reported better-than-expected fourth-quarter financial results. The company reported quarterly earnings of $1.91 per share, which beat the analyst consensus estimate of $1.15 per share by just over 66%. It reported quarterly sales of $1.84 billion, beating the analyst consensus estimate of $1.74 billion by 5.83% and representing an 83.08% increase over sales of $1 billion from last year.
Jason Snipe of Odyssey Capital Advisors said he is staying long on Hilton Worldwide Holdings Inc. (NYSE: HLT).
Hilton Worldwide is expected to report first quarter 2024 financial results before the opening bell April 24, 2024. Analysts expect the company to report quarterly earnings at $1.42 per share on revenue of $2.55 billion.
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Stephanie Link of Hightower picked Schlumberger Limited (NYSE: SLB) as her final trade.
On March 27, Schlumberger said it has entered into a deal with Aker Carbon Capture (ACC) to merge its carbon capture division, aiming to advance large-scale industrial decarbonization. Following the transaction, Schlumberger will own 80% of the combined business, and ACC will own 20%. Schlumberger will pay NOK 4.12 billion ($380.86 million) to acquire a majority stake at ACC.
Price Action:
- Wynn Resorts shares gained 4.2% to settle at $106.56 on Monday.
- Hilton Worldwide fell 0.3% to close at $212.70 on Monday.
- Schlumberger rose 0.8% to settle at $55.22 during Monday’s session.
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