Streetbeat News

Earnings

STCN

Steel Connect reported a decrease in Q2 revenues to $43M from $50.8M year-over-year. The company concluded Q2 with $276.4M in cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:51 am

CL

Colgate-Palmolive Company (NYSE:CL) announced a 4% increase in its quarterly common stock cash dividend to 50 cents per share, effective in Q2 2024. The dividend will be paid on May 15, 2024, to shareholders of record as of April 22. The annualized dividend rate is now $2.00, up from $1.92. In January, Colgate projected FY24 net sales growth of 1%-4%, including a slight negative impact from foreign exchange, and organic sales growth of 3%-5%. The company also expects non-GAAP gross profit margin expansion, increased advertising investment, and mid to high-single-digit EPS growth. CL shares closed down 0.95% at $88.35 on Thursday.

Portfolio Pulse from Nabaparna Bhattacharya

March 15, 2024 | 11:50 am

RLX

RLX Technology's shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:50 am

GRPN

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

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:50 am

JBL

Jabil Inc. (JBL) reported Q2 adjusted EPS of $1.68, surpassing the $1.66 estimate, but experienced a 10.64% decrease from last year's earnings. Sales reached $6.77B, missing the $6.89B estimate and marking a 16.81% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:46 am

LAC

Lithium Americas Corp. (LAC) reported a loss per share of $0.02 for the year ended December 31, 2023. The company also reported having cash and equivalents totaling $195.5 million.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:43 am

PALT

Paltalk (NASDAQ:PALT) reported a 40% improvement in its quarterly EPS, moving from a loss of $(0.05) per share last year to $(0.03) this year. However, its quarterly sales saw a slight decrease of 3.69%, from $2.79 million last year to $2.69 million.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:37 am

SMAR

Smartsheet's shares dropped following its Q4 financial results announcement, with revenue guidance for Q1 and FY25 falling short of expectations. Additionally, Barclays and Keybanc reduced their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:36 am

SNGX

Soligenix (NASDAQ:SNGX) reported a smaller than expected quarterly loss of $(0.79) per share, beating the $(0.82) estimate, and sales of $800.00K, slightly above the $797.50K estimate. This represents an 83.58% improvement in losses and an 11.11% decrease in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:36 am

PRBZF

Premium Brands Holding Corp reported FY23 revenue of CAD6.261B, an increase from CAD6.029B YoY. Cash and equivalents as of Dec. 30 were CAD27.6M.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:31 am