Streetbeat News

Earnings

AMWL

American Well (AMWL) shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:30 pm

DNOW

DNOW shares are trading higher following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:28 pm

CSCO

Cisco Systems Inc (NASDAQ:CSCO) shares dropped in premarket trading after the company announced lower-than-expected Q3 and FY24 guidance and a 5% workforce reduction. Despite beating Q2 EPS and sales estimates, Cisco's future revenue and EPS forecasts fall below analyst expectations. The company also plans to incur about $800 million in pre-tax charges due to the layoffs but raised its quarterly dividend by 3%.

Portfolio Pulse from Lekha Gupta

February 15, 2024 | 3:27 pm

JMIA

Jumia Technologies' stock price increased following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:25 pm

SABR

Sabre Corporation's shares traded lower following the announcement of mixed financial results for the fourth quarter. The company's performance during this period did not fully meet market expectations, leading to a decrease in stock price.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:24 pm

NNOX

PEGA

RS

SOUN

Reliance Steel & Aluminum Co. reported Q4 earnings above estimates, leading to a 10.4% stock increase. Other stocks like Nano-X Imaging, SoundHound AI, and Pegasystems also saw significant gains following positive financial results or stake disclosures. Notable movers include JFrog, American Well Corporation, and AppLovin Corporation, among others, with stocks climbing on upbeat earnings or guidance.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 3:23 pm

AUPH

Aurinia Pharmaceuticals' shares dropped following mixed Q4 financial results and the announcement that the company failed to find a buyer after a strategic review.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:23 pm

CBRE

CBRE Group's shares are trading higher following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:22 pm

UBER

Uber Technologies Inc (NYSE:UBER) announced a $7 billion share buyback program, coinciding with its first annual net profit and leading to an all-time high stock price of $79. The stock surged 14% in one day, despite a drivers' strike, reflecting strong investor confidence. Uber's stock has grown 145% in 2023 and 28% year-to-date in 2024, indicating a bullish long-term outlook despite potential short-term dips from profit-taking.

Portfolio Pulse from Zaheer Anwari

February 15, 2024 | 3:19 pm

HLF

Herbalife's stock price declined following the announcement of mixed financial results for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:16 pm