Streetbeat News

Earnings

OFS

OFS Capital shares are trading lower following the announcement of disappointing Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 4:28 pm

DTSS

Datasea shares surged following the company's announcement of an expected revenue increase to $86 million in 2024, up significantly from $7 million in the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 4:28 pm

AMD

Advanced Micro Devices (AMD) CFO announced at the MS Conf that the AI accelerator market, in which AMD participates, surpassed $40 billion in 2023 and is expected to more than double in 2024.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 4:28 pm

CGEN

Compugen's shares dropped following the announcement of their Q4 earnings per share (EPS) results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 4:24 pm

ARBK

Argo Blockchain's stock is trading lower following a report of decreased mining revenue in February and the sale of its Mirabel, Quebec Data Center.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 4:21 pm

FERG

Ferguson Plc (NYSE:FERG) shares dropped after reporting Q2 earnings that missed analyst expectations. Earnings per share were $1.74, below the consensus of $1.84, and sales of $6.67 billion also fell short of the expected $6.76 billion. The company saw a decline in net sales in both the U.S. and Canada, with a 2.2% and 3.7% decrease respectively. Operating profit decreased by 13.1% to $477 million, and adjusted EBITDA fell to $568 million from $630 million year-over-year. Despite these results, Ferguson announced a quarterly dividend of $0.79 and completed share repurchases of $142 million. The company expects full-year 2024 sales to be flat and maintains its adjusted operating margin forecast.

Portfolio Pulse from Nabaparna Bhattacharya

March 05, 2024 | 4:20 pm

CRGY

Crescent Energy's stock is trading higher following the announcement of their Q4 earnings per share (EPS) and sales, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 4:05 pm

IPI

Intrepid Potash (NYSE:IPI) is scheduled to release its quarterly earnings report on March 6, 2024, with analysts expecting an EPS of $-0.06. The company's past earnings performance shows a trend of not meeting EPS estimates, leading to significant share price drops the following day. Shares are currently trading at $21.09, down 34.51% over the last year. Investors will be closely watching for both the earnings outcome and the company's future guidance.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 4:03 pm

SILV

SilverCrest Metals (AMEX:SILV) is anticipated to report an EPS of $0.10 in its upcoming quarterly earnings on 2024-03-06. Historically, the company has surpassed EPS estimates, leading to positive stock price movements. Last quarter, SILV beat the EPS estimate by $0.08, resulting in a 4.22% share price increase. Over the last year, SILV shares have risen by 3.45%, with the stock currently trading at $5.38. Investors are optimistic, looking for not only an earnings beat but also positive future guidance.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 4:03 pm

EVGO

EVgo (NASDAQ:EVGO) is scheduled to release its quarterly earnings report on March 6, 2024, with analysts expecting an EPS of $-0.18. Historical data shows mixed reactions to past earnings, with the stock price fluctuating based on actual EPS versus estimates and guidance provided. Over the last year, EVgo's shares have declined by 55.58%, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 4:02 pm