Streetbeat News

Earnings

ABNB

COIN

DBX

DE

LYFT

USFD

U.S. stocks closed higher with the Dow Jones up by 161 points, influenced by improved investor sentiment as indicated by the CNN Money Fear and Greed index remaining in the 'Greed' zone. Lyft shares surged 35% after positive Q4 results and guidance, while Airbnb shares dropped 2% following its Q4 financial report. The S&P 500 and Nasdaq also saw gains, with industrials, information technology, and communication services leading. Investors are looking forward to earnings from US Foods Holding, Deere & Company, Coinbase Global, and Dropbox.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 7:39 am

CPAC

Cementos Pacasmayo reported its earnings, with an EPS of S/0.10, remaining flat year-over-year. Sales decreased to S/511.37M from S/533.89M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:38 am

COIN

CSCO

DE

HUBS

USFD

Cisco Systems reported better-than-expected Q2 results but weak full-year 2024 guidance and a workforce cut plan, causing shares to drop. US Foods Holding is expected to report earnings with shares slightly up. Deere & Company's earnings anticipation caused a minor share decrease. HubSpot reported strong Q4 results and FY24 guidance, boosting shares. Coinbase Global is expected to report a quarterly loss, yet shares increased.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 7:37 am

RELX

RELX reported an increase in FY EPS to $1.41 from $1.26 YoY and a sales increase to $11.37B from $10.59B YoY, indicating strong financial performance.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:22 am

ASX

ASE Technology Holding Co., Ltd. (NYSE:ASX) reported a 3.3% year-over-year increase in consolidated net revenues for January 2024, reaching $1.53 billion. However, there was a sequential decrease of 4.0% from December 2023. The ATM assembly, testing, and material business segment saw a modest year-over-year growth of 0.4%, with net revenues of $801 million, also experiencing a sequential decrease of 4.0%.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:12 am

EWU

U.K. business investment for Q4 showed a significant increase of 1.5% quarter-over-quarter, surpassing the estimated decline of -0.1% and a substantial improvement from the revised -2.8% in the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:07 am

STLA

Stellantis reported its FY23 adjusted earnings per share (EPS) at €6.42, an increase from €5.99 year-over-year (YoY). The company's revenue for the fiscal year 2023 reached €189.54 billion, up from €179.59 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:53 am

VALN

Valneva expects 2024 product sales to range between €150M-€180M, driven by growth in proprietary products and IXCHIQ® launch-year sales, despite supply constraints. Other income is anticipated to be €95M-€105M, including a €95M PRV sale. R&D expenses are projected between €65M-€90M.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:36 am

VALN

Valneva reported 2023 revenues of €153.7M, a decrease from €361.3M in the previous year. Product sales grew 26% YoY to €144.6M, surpassing pre-pandemic levels by 12% and showing a 63% increase excluding COVID-19 vaccine sales. The company's cash position was €126.1M at the end of 2023, not including the recent sale of the Priority Review Voucher for $103M. Significant payments were made for the Phase 3 Lyme disease study, with costs expected to be completed in H1 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:33 am

DE

Deere & Company (NYSE:DE) is anticipated to report lower Q1 earnings with an expected EPS of $5.21, down from $6.55 the previous year, and revenue of $10.34 billion. Despite this, DE shares rose 1.5% recently. Analysts from JP Morgan, Evercore ISI Group, Deutsche Bank, Stifel, and UBS have provided varied ratings and price targets for DE, reflecting a cautious to optimistic outlook.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 6:02 am