Streetbeat News

Earnings

ABNB

BKNG

HLT

MAR

Airbnb (ABNB) reported solid Q4 earnings but warned of moderate growth in the current quarter, despite outperforming FactSet's revenue estimates. The company is focusing on international expansion and AI enhancements, with nearly 40% of active listings now free of cleaning fees. Marriott (MAR) and Hilton (HLT) also reported earnings, with both indicating a slowdown in 2024 guidance. Despite growth in loyalty program memberships, their revenue is predominantly U.S.-based, and they acknowledge Airbnb's competitive threat in the short-term lodging market.

Portfolio Pulse from Upwallstreet

February 16, 2024 | 1:57 pm

BE

Bloom Energy's stock is trading lower due to disappointing Q4 financial results and FY24 revenue guidance that fell short of expectations. Additionally, Keybanc downgraded the stock from Overweight to Sector Weight.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:53 pm

CAH

RSPG

SHAK

On CNBC's 'Halftime Report Final Trades,' analysts recommended Invesco S&P 500 Equal Weight Energy ETF (RSPG), Cardinal Health (CAH), and Shake Shack (SHAK). Cardinal Health reported a strong Q2 FY24 with a 38% increase in adjusted EPS and raised its FY24 guidance. Shake Shack expects to open 80 new restaurants this year and reported better-than-expected Q4 financial results. RSPG gained 3%, CAH shares rose 1.3%, and SHAK shares surged 26%.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 1:53 pm

GLOB

Globant's shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:49 pm

DLR

Digital Realty Trust's shares dropped following disappointing Q4 FFO results and FY24 guidance below expectations. Additionally, Scotiabank downgraded the stock from Sector Outperform to Sector Perform.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:47 pm

MIGI

Mawson Infrastructure Group Inc. (MIGI) reported a significant growth in its January 2024 revenue, reaching approximately $7.06 million, which is a 3X increase from January 2023 and an 18% month-over-month growth. This growth is attributed to the company's expansion in its three primary business lines: energy management, co-location, and self-mining. MIGI also announced the addition of a new co-location customer, FTI, marking the third such agreement since Q4 2023. The company's operational capacity includes two sites in Pennsylvania with a total power capacity of 109 MW, capable of supporting 35,650 miners.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:47 pm

IR

Ingersoll Rand's stock is trading higher following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company has provided guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:45 pm

VMC

Vulcan Materials' shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:44 pm

TXRH

Texas Roadhouse Inc (NASDAQ:TXRH) shares surged premarket Friday after reporting strong fourth-quarter FY23 results. Revenue increased by 15.3% Y/Y to $1.164 billion, surpassing consensus estimates. Comparable restaurant sales also saw significant growth. The company announced an 11% increase in its quarterly cash dividend to $0.61 per share and repurchased shares worth $4.8 million. Texas Roadhouse reiterated its FY24 outlook, expecting positive comparable restaurant sales growth and a menu price increase of about 2.2% in late March.

Portfolio Pulse from Lekha Gupta

February 16, 2024 | 1:44 pm

NWG

NatWest Group's shares are trading higher following the announcement of improved Q4 financial results compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:43 pm