Streetbeat News

Earnings

AI

MSFT

NVDA

PLTR

XLK

Wedbush's Dan Ives highlights a surge in demand for AI technologies, citing c3.ai's strong Q4 results, Microsoft's Copilot AI tool, Palantir's AI platform, and Nvidia's optimistic forecasts as evidence of an accelerating AI revolution. The AI-levered stocks have seen significant growth, with debates on potential 'irrational exuberance'. Ives compares the current AI optimism to the '1995 Moment', predicting $1 trillion of incremental spending in the next decade. The Technology Select Sector SPDR Fund (XLK) saw a slight decrease in premarket trading.

Portfolio Pulse from Shanthi Rexaline

February 29, 2024 | 10:20 am

FRO

IH

NBBK

VRNA

Numerous companies are scheduled to report their earnings on February 29, 2024, covering a wide range of industries from technology to healthcare. This includes both expected quarterly profits and losses, with significant revenues anticipated for some. The diversity of sectors represented, from energy to financial services, highlights the broad economic implications of these reports.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 10:15 am

HLN

Haleon forecasts FY24 organic revenue growth of 4%-6%, but anticipates Q1 growth to be slightly below the 4% mark due to challenging comparisons from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:26 am

HLN

Haleon (NYSE:HLN) reported FY sales of $14.03B, missing the analyst consensus estimate of $14.47B by 3.03%. This represents a 10.17% increase over last year's sales of $12.74B.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:23 am

NTES

NetEase's shares are trading lower following the announcement of their Q4 financial results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:19 am

DAO

Youdao (NYSE:DAO) reported Q4 adjusted earnings per ADS of $0.08, doubling the analyst consensus estimate of $0.04. Quarterly sales reached $208.50 million, slightly above the $207.52 million estimate but marking a 1.09% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 8:38 am

NTES

NetEase (NASDAQ:NTES) reported Q4 adjusted EPS of $1.60, missing the $1.73 estimate, and sales of $3.82B, missing the $3.98B estimate. This represents a 49.53% increase in earnings and a 3.99% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 8:32 am

LAES

SEALSQ Corp (NASDAQ:LAES), specializing in Semiconductors, PKI, and Post-Quantum technology, reiterates its 2023 revenue guidance of $30M, marking a 29% YoY growth. The 2024 AGM is scheduled for April 1, 2024, at Nasdaq MarketSite.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:45 am

BBY

DELL

HPQ

HRL

SNOW

Ahead of Thursday's trading, notable movements include Best Buy's expected earnings report, HP's in-line earnings but sales miss, Dell's anticipated earnings, Snowflake's CEO change alongside upbeat earnings, and Hormel Foods' expected earnings. Best Buy and Hormel Foods shares rose in after-hours, while HP, Dell, and Snowflake shares fell.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 7:42 am

ICG

Intchains Gr (ICG) reported a 50% decrease in Q4 EPS to $0.02 from $0.04 YoY, while sales increased by 2.32% to $4.99M from $4.88M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:34 am