Streetbeat News

Earnings

TXRH

Texas Roadhouse (NASDAQ:TXRH) reported Q4 earnings of $1.08 per share, surpassing estimates of $1.06. Sales matched expectations at $1.16 billion. The company highlighted a year of double-digit same store sales growth and a record number of new openings. FY24 capital expenditures are projected between $340 million to $350 million. Shares rose 1.2% to $133.89. Analysts from Wedbush and Stephens & Co. raised their price targets for TXRH following these results.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 12:50 pm

TRP

TC Energy's shares increased following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company announced an increase in its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:48 pm

GLD

SPY

USO

On February 15th, U.S. stock markets closed higher, influenced by a larger-than-expected decline in retail sales, fueling hopes for a Federal Reserve rate cut. U.S. jobless claims fell to 212,000, and retail sales dropped by 0.8%. The S&P 500, Dow Jones, and Nasdaq all saw gains, with energy, real estate, and materials sectors leading. Asian and European markets also advanced, with notable increases in Japan's Nikkei 225, Australia's S&P/ASX 200, India's Nifty 50, and the European STOXX 600. Commodities saw mixed movements, with gold rising to $2,018.75 and crude oil declining to $77.34/bbl.

Portfolio Pulse from Akanksha Bakshi

February 16, 2024 | 12:39 pm

USM

United States Cellular (NYSE:USM) reported Q4 earnings of $0.16 per share, surpassing the $0.04 estimate, marking a 300% beat and a significant turnaround from last year's $(0.33) loss per share. Sales reached $1.00B, exceeding the $984.23M estimate by 1.60%, despite a 4.58% decrease from the previous year's $1.05B.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:37 pm

AMZN

NTGR

RCL

Insiders at Amazon, Royal Caribbean Cruises, NETGEAR, and Electronic Arts have recently sold shares. These sales could indicate various strategic or personal reasons. Amazon announced layoffs at its One Medical and Pharmacy units, NETGEAR issued lower than expected revenue guidance, EA is months away from releasing a college football video game, and Royal Caribbean signed an agreement for a new ship.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 12:35 pm

TDS

Telephone and Data (NYSE:TDS) reported Q4 adjusted EPS of $(0.11), surpassing the $(0.12) estimate, and sales of $1.31B, exceeding the $1.28B estimate. This represents a 71.05% improvement in EPS and a 3.24% decrease in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:32 pm

AMAT

COIN

QQQ

ROKU

SPY

U.S. stock futures indicate a mixed opening ahead of key economic data releases, including producer price inflation and consumer sentiment. The S&P 500's recent record run and varied earnings reactions suggest ongoing market momentum. Analyst Adam Turnquist warns that rising Treasury yields could pose risks to the equity market. Premarket trading saw SPDR S&P 500 ETF Trust and Invesco QQQ ETF rise, while stocks like Roku, Coinbase, Applied Materials, and others moved significantly on earnings news.

Portfolio Pulse from Shanthi Rexaline

February 16, 2024 | 12:32 pm

THS

Treehouse Foods has projected an impact on its FY24 net sales and adjusted EBITDA of approximately $60M and $20M, respectively, due to efforts to restart one of its broth facilities.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:19 pm

THS

Treehouse Foods projects its FY24 revenues to range from $3.43B to $3.50B, falling short of the $3.56B estimate. For Q1, it anticipates net sales between $780M and $810M, below the expected $887.38M.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:17 pm

DTM

DT Midstream has updated its financial outlook, increasing its 2024 Adjusted EBITDA guidance to $930M-$980M and providing an early outlook for 2025 with an Adjusted EBITDA range of $980M-$1.04B, indicating a 6% annual growth from 2024. The company also forecasts 2024 Adjusted EPS to be between $3.43 and $3.83, compared to the estimated $3.85.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:15 pm