Streetbeat News

Earnings

AMAT

Applied Materials Inc (NASDAQ:AMAT) shares surged over 11% in premarket trading following better-than-expected Q1 financial results and optimistic Q2 guidance. The stock has seen a 57% increase over the last year, reaching a new all-time high of $189.47. Technical analysis indicates a bullish outlook with the stock outperforming 84% of its industry peers and trading above its moving averages, suggesting a 'Buy' signal. However, the RSI has entered overbought territory, signaling potential investors to be cautious.

Portfolio Pulse from Surbhi Jain

February 16, 2024 | 1:17 pm

LBRDA

Liberty Broadband (NASDAQ:LBRDA) reported Q4 sales of $250.00 million, meeting analyst consensus estimates and matching the sales figures from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:17 pm

ROKU

Roku's shares declined following the announcement of its Q4 financial results. Additionally, Oppenheimer downgraded Roku's stock from Outperform to Perform, contributing to the negative sentiment.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:16 pm

TTD

The Trade Desk shares surged following the announcement of Q4 revenue results surpassing expectations and Q1 revenue guidance exceeding estimates. Additionally, the company expanded its share repurchase program by $647 million.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:13 pm

CHRO

Chromocell Therapeutics Corporation (NYSE:CHRO) announced the pricing of its initial public offering (IPO) of 1.1 million shares at $6.00 per share, raising $6.6 million. The offering includes an option for underwriters to purchase additional shares to cover over-allotments. CHRO's shares will begin trading on the NYSE American LLC on February 16, 2024. The net proceeds will fund various studies for their non-opioid therapeutic, CC8464, and repay certain debts. A.G.P./Alliance Global Partners is the sole book-running manager for the offering.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:09 pm

AMAT

BE

ROKU

TTD

The Trade Desk, Inc. (TTD) shares rose by 19% in pre-market trading after reporting mixed Q4 financial results, with earnings missing but sales beating estimates. The board approved an additional $647 million for share repurchases. Other stocks showed significant pre-market movements, with notable gainers including Tarena International, Inc. (TCTM), Ambow Education Holding Ltd. (AMBO), and Applied Materials, Inc. (AMAT), among others. Losers included CLPS Incorporation (CLPS), Bloom Energy Corporation (BE), and Roku, Inc. (ROKU), with each reporting various financial results or updates.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 1:09 pm

E

Eni's stock is trading lower following the announcement of a year-over-year decline in its Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:08 pm

PPL

PPL Corporation has updated its financial targets, extending its 6% to 8% annual EPS and dividend growth targets through at least 2027. The company plans to increase its infrastructure investments to $14.3 billion from 2024 to 2027, up from the previous plan of $11.9 billion from 2023 to 2026. This increased investment is expected to result in a 6.3% average annual rate base growth through 2027, an improvement from the 5.6% growth rate projected in the prior plan.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:08 pm

SHAK

Shake Shack Inc. (NYSE:SHAK) reported better-than-expected Q4 financial results, with a 20% Y/Y sales increase to $286.2 million and adjusted EPS of 2 cents, surpassing consensus estimates. The company opened 24 new Shacks and projects FY24 revenue of $1.21 billion-$1.25 billion with an operating margin of 20%-21%. Shares surged 26% to $98.40. Analysts from TD Cowen and Wedbush adjusted their price targets for SHAK following the earnings report.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 1:06 pm

CPOP

ROKU

TTD

YELP

In Friday's pre-market session, several communication services stocks showed significant movement. Pop Culture Gr (CPOP) led the gainers with a 272.9% increase, while Trade Desk (TTD) also saw a notable rise of 18.68% following their Q4 earnings release. On the losing side, Roku (ROKU) experienced a 16.7% decrease after their Q4 earnings, and Yelp (YELP) dropped by 9.89%. Other stocks mentioned include MultiMetaVerse Holdings (MMV), Leafly Holdings (LFLY), AirNet Technology (ANTE), Grom Social Enterprises (GROM), Brera Holdings (BREA), Arena Group Holdings (AREN), ZW Data Action Tech (CNET), and Cheer Holding (CHR).

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 1:06 pm