Streetbeat News

Earnings

IDCC

InterDigital forecasts its full-year 2024 revenue to be between $620M-$670M, significantly surpassing the estimated $505.52M. Additionally, the company anticipates its adjusted EPS to range from $7.45-$8.76, well above the estimated $4.51.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:38 pm

TWLO

Twilio's stock price declined following the announcement of its Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:38 pm

STLA

Stellantis shares are trading higher following the announcement of improved FY23 financial results, an increased dividend, and a new share buyback program.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:38 pm

MGOL

MGO Global has announced a preliminary revenue growth of 400% year-over-year for the fiscal year 2023. This significant increase highlights the company's strong performance and potential for future growth.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:35 pm

AHT

Ashford Hospitality Trust, Inc. (AHT) announced preliminary Q4 and FY23 financial results, including a net loss range of $(32.3) million to $(30.3) million for Q4 and $(194.7) million to $(192.7) million for FY23. The company also reported a slight increase in January Comparable RevPAR by 1.5% YoY. Adjusted EBITDAre and Adjusted FFO figures were also provided, with final Q4 results to be released on February 28, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:34 pm

AMAT

Applied Materials, Inc. (AMAT) is set to release its Q1 earnings on Feb. 15, 2024, with analysts expecting earnings of $1.91 per share and revenue of $6.48 billion. Analysts from Cantor Fitzgerald and B. Riley Securities have given AMAT a Neutral and a Buy rating, respectively, with price targets of $180 and $220. The company's Q4 revenue was $6.72 billion, beating estimates. AMAT offers a 0.69% annual dividend yield, equating to a quarterly dividend of 32 cents per share. To earn $500 monthly from dividends, an investment of approximately $872,859 is needed.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 1:33 pm

IDCC

InterDigital (IDCC) reported Q4 adjusted EPS of $1.41, surpassing the consensus estimate of $0.89 by 58.43%. Quarterly sales were $105.50M, slightly above the estimate of $104.64M, but marked a 9.87% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:32 pm

NSIT

Insight Enterprises' shares dropped following the announcement of their fourth-quarter financial results and the issuance of FY24 EPS guidance that fell below expectations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:29 pm

SPWR

SunPower shares increased following the announcement of securing $175 million in new capital financing from TotalEnergies and Global Infrastructure Partners, despite reporting fourth-quarter financial results below estimates.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:24 pm

SHEL

Shell PLC (NYSE:SHEL) is considering withdrawing from the tender for Norway's first commercial offshore wind farm, Soerlige Nordsjoe II, due to concerns over the project's profitability. Despite being part of a consortium with Norwegian utilities and having applied for pre-qualification, Shell's Norway country manager, Marianne Olsnes, expressed doubts about the business case and the challenging tender conditions. The tender, which includes subsidies of 23 billion Norwegian crowns ($2.17 billion), is seen as a critical step for Norway's offshore power developments from 2040. Shell's recent financial results showed a revenue miss but an earnings beat.

Portfolio Pulse from Lekha Gupta

February 15, 2024 | 1:13 pm