Streetbeat News

Earnings

YETI

YETI Holdings, Inc. (NYSE:YETI) shares dropped after reporting Q4 earnings and sales below expectations. Despite a 16% increase in Q4 net sales and significant growth in Drinkware and International sales, the company missed the street view with earnings per share of 90 cents against an expected 96 cents, and net sales of $519.79 million against an expected $535.95 million. The company also announced a $300 million stock repurchase program and provided a fiscal 2024 outlook with adjusted sales expected to increase by 7% to 9% and adjusted EPS between $2.45 and $2.50, below the estimated $2.68.

Portfolio Pulse from Nabaparna Bhattacharya

February 15, 2024 | 3:41 pm

TRGP

Targa Resources shares are trading higher following the announcement of better-than-expected Q4 revenue results and positive FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:39 pm

EQIX

Equinix shares are trading higher following the report of their Q4 earnings, indicating a positive market response to the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:38 pm

ROL

Rollins, Inc. (ROL) shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:36 pm

ALB

Albemarle's shares have seen an increase following the announcement of their Q4 revenue results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:35 pm

CVE

Cenovus Energy's stock price increased following the announcement of their Q4 revenue results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:33 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) shares surged, reaching new 52-week highs amid a rally in Bitcoin (BTC) prices and the broader crypto market. The company announced the completion of a 100 MW expansion at its Georgia facility, boosting its operating hashrate. This follows a recent report of fiscal first-quarter earnings that exceeded analyst expectations. CleanSpark, which transitioned to Bitcoin mining in 2020, operates data centers running on low-carbon power.

Portfolio Pulse from Adam Eckert

February 15, 2024 | 3:32 pm

LECO

Lincoln Electric Holdings' shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:32 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) is set to report its Q4 earnings on Feb. 15, with Wall Street expecting 2 cents in EPS and $823.85 million in revenues. The technical analysis shows a strongly bullish trend for COIN, with most indicators suggesting a 'Buy' signal despite a 'Sell' signal from the MACD and an overbought RSI. Analyst consensus rates COIN as a Buy with a price target of $98.56.

Portfolio Pulse from Surbhi Jain

February 15, 2024 | 3:32 pm

DIS

PENN

PENN Entertainment reported Q4 earnings with revenue of $1.4 billion, missing estimates of $1.53 billion, and a loss of $1.75 per share, against an expected loss of 52 cents. The company cited investments in ESPN Bet and its digital business as reasons for the net loss of $358.8 million. ESPN Bet, launched in 17 states, contributed $31.5 million in revenue and saw a 190% increase in handle year-over-year for December and January. PENN plans to expand ESPN Bet to cover 46% of the U.S. population by 2024.

Portfolio Pulse from Chris Katje

February 15, 2024 | 3:31 pm