Streetbeat News

Earnings

ASC

Ardmore Shipping anticipates that in Q1 2024, all revenue days for its MR Tankers and Eco-Design IMO 2 Product/Chemical Tankers will be employed in the spot market.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:04 pm

ITGR

Integer Holdings (NYSE:ITGR) reported Q4 adjusted EPS of $1.39, surpassing the $1.33 estimate, and sales of $413.15M, exceeding the $407.34M estimate. This represents a 25.23% increase in earnings and a 10.94% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:03 pm

ASC

Ardmore Shipping (NYSE:ASC) reported Q4 2023 adjusted EPS of $0.63, surpassing the $0.62 estimate, with sales of $98.88M exceeding the $74.25M estimate, marking a 33.17% beat and a 5.95% increase over the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:02 pm

ALNY

Alnylam Pharmaceuticals (ALNY) reported Q4 2023 adjusted EPS of $(0.77), surpassing the $(1.32) estimate. However, its sales of $346.00M fell short of the $442.90M estimate, marking a 21.88% miss but a 3.27% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:02 pm

NSIT

Insight Enterprises (NASDAQ:NSIT) reported Q4 adjusted EPS of $2.98, missing the consensus estimate of $3.06, and sales of $2.24B, below the expected $2.40B. This represents a 17.79% increase in EPS and a 10.67% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:01 pm

AKAM

Akamai Technologies (NASDAQ:AKAM) received mixed reviews from 7 analysts, with a shift towards more bearish sentiments in the last 30 days. The average 12-month price target is $120.57, reflecting a 5.58% increase from the previous target. The company's financials show solid growth and profitability, with a notable net margin of 16.2% and ROE of 3.61%. Analysts' ratings and price target adjustments indicate varying expectations for AKAM's future performance.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 1:00 pm

APP

CHNR

CNVS

FROG

TGL

AppLovin Corporation's shares surged by approximately 22% in pre-market trading after reporting Q4 earnings and sales that exceeded analyst expectations. Other stocks also showed significant movement in pre-market trading, with notable gainers including China Natural Resources, Inc., and JFrog Ltd., and losers like Treasure Global Inc., and Cineverse Corp.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 12:57 pm

USFD

US Foods Holding Corp. (NYSE:USFD) reported Q4 revenue of $8.936 billion, surpassing estimates with a 4.9% year-over-year increase. The company saw a 5.6% rise in total case volume and a 7.3% increase in independent restaurant case volume. Gross profit rose 9.4% to $1.6 billion, and adjusted EBITDA grew 10.9% to $388 million. The acquisition of Saladino's Foodservice for $56 million was highlighted, along with a record full-year 2023 Adjusted EBITDA of $1.56 billion. Despite these gains, USFD's adjusted diluted EPS of 64 cents missed expectations by 3 cents. The company provided optimistic FY24 sales and EPS forecasts but saw a slight premarket stock price decline.

Portfolio Pulse from Nabaparna Bhattacharya

February 15, 2024 | 12:55 pm

AMZN

AN

FUL

UBER

Insiders at Amazon, AutoNation, Uber Technologies, and H.B. Fuller have recently sold shares. These sales could indicate various strategic decisions or perspectives on the company's valuation. AutoNation reported higher than expected Q4 adjusted EPS, Uber announced a $7 billion share repurchase authorization, H.B. Fuller posted upbeat Q4 earnings, and Amazon is laying off employees in a cost-cutting move.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 12:49 pm

SPWR

SunPower forecasts a GAAP net loss between $160 million and $80 million for FY24, with a non-GAAP gross margin of 17-19%.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:48 pm