Streetbeat News

Earnings

SPNT

SiriusPoint shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 5:41 pm

WIX

Wix.com's shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided positive guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 5:41 pm

HUIZ

SKWD

SPNT

In Wednesday's intraday session, insurance stocks saw significant movements. Huize Holding, Fanhua, Tiptree, Waterdrop, Cheche Group, and Assured Guaranty were among the gainers, while SiriusPoint, Lemonade, Skyward Specialty, SelectQuote, Hippo Holdings, and Mercury General were the losers. Notably, SiriusPoint and Skyward Specialty's Q4 earnings were released yesterday, impacting their stock prices.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:40 pm

UIS

Unisys Corporation (NYSE:UIS) shares plummeted after reporting Q4 earnings. Despite beating earnings and revenue expectations, with adjusted EPS at 51 cents against a 20 cents forecast and revenues of $557.60 million surpassing the $535.27 million estimate, shares dropped 26.3% to $5.75. The slight year-over-year revenue increase of 0.1% translates to a 2.1% decline in constant currency. Segment-wise, Digital Workplace Solutions saw an 8.9% revenue increase, Cloud, Applications & Infrastructure Solutions had a marginal 0.1% increase, and Enterprise Computing Solutions revenue fell by 10.0%. The company's FY24 outlook anticipates a revenue growth range of (-1.5)% to 1.5% and a non-GAAP operating profit margin between 5.5% to 7.5%.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 5:34 pm

Ternium's stock price increased following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 5:33 pm

LCFY

PANW

UIS

In Wednesday's intraday session, 11 Information Technology stocks showed significant movements. Notable gainers included Locafy, Movano, The Hackett Group, CSP, and MMTEC, with increases ranging from 8.46% to 13.5%. On the losing end, Synchronoss Technologies, Palo Alto Networks, Unisys, Matterport, Intrusion, and CISO Global saw declines between 15.86% and 30.6%. The Hackett Group, Palo Alto Networks, Unisys, and Matterport's movements were influenced by their Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:31 pm

GLBE

SOND

THRM

UCAR

The article reports on the movement of 12 consumer discretionary stocks during Wednesday's intraday session, highlighting significant gainers and losers. Notably, Sonder Holdings and Gentherm experienced substantial increases, attributed to market reactions and Q4 earnings reports. Conversely, U Power and Jeffs Brands saw significant declines. The movements reflect varying investor sentiments and market dynamics affecting these stocks.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:31 pm

CYH

EBS

TDOC

Health care stocks experienced significant movements in Wednesday's intraday session, with notable gainers including Emergent BioSolutions, Ventyx Biosciences, and Motus GI Holdings, among others. Losers for the day included BioSig Technologies, PHAXIAM Therapeutics, and Community Health Systems, with some companies' movements attributed to recent Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:31 pm

MARA

Financial analysis of Marathon Digital Holdings (NASDAQ:MARA) options trading reveals a bullish sentiment among traders, with 57% bullish and 42% bearish. The analysis highlighted unusual trades, including 6 puts and 13 calls, with a focus on a price window from $10.0 to $45.0. Notable options activity includes both bullish and bearish trades with varying expiration dates and strike prices. Marathon Digital Holdings, a company specializing in mining digital assets, has seen its stock price decrease by -6.57%, with an upcoming earnings announcement in 7 days.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:31 pm

GIL

Gildan Activewear, Inc. (NYSE:GIL) shares rose after reporting Q4 earnings and revenue that beat analyst expectations. Earnings per share were $0.75, above the consensus of $0.73, with revenues at $782.7 million, surpassing the expected $764.48 million. Net sales increased by 9% year over year, with activewear sales up 8% and hosiery and underwear sales up 11%. The company also raised its quarterly dividend by 10% and provided an FY24 outlook expecting revenue growth to be flat to low-single digits and adjusted EPS of $2.92-$3.07.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 5:25 pm