Streetbeat News

Earnings

AMZN

Jenny Woo's side hustle, Mind Brain Emotion, selling emotional intelligence-focused card games on Amazon.com Inc (NASDAQ:AMZN), generated $1.71 million in sales last year. Starting with a $1,000 investment, Woo's business now makes over $140,000 in sales monthly, with an estimated 40% profit margin. Woo, who also lectures and offers business consulting, shared insights on starting a successful side hustle on Amazon, emphasizing the importance of advertising, SEO, and resilience against competition.

Portfolio Pulse from Adam Eckert

March 13, 2024 | 4:42 pm

TOUR

Tuniu Corporation (NASDAQ:TOUR) shares surged following a robust Q4 2023 earnings report, showcasing a 265.8% year-over-year increase in net revenues to $14.1 million, primarily driven by the growth in packaged tours. The company also announced a share repurchase program of up to $10 million. For Q1 2024, Tuniu anticipates a 60% to 70% increase in net revenues year-over-year.

Portfolio Pulse from Nabaparna Bhattacharya

March 13, 2024 | 4:35 pm

NATR

Nature's Sunshine Products (NATR) shares are trading higher following the announcement of their Q4 adjusted EPS, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:34 pm

EL

SBH

ULTA

Shares of cosmetics and personal products companies are trading higher after Beauty Health Co reported better-than-expected Q4 revenue results. This positive news has led to a sympathetic rise in the stock prices of companies in the same sector, including Estee Lauder (EL), Sally Beauty Holdings (SBH), and Ulta Beauty (ULTA).

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:32 pm

RH

W

Shares of furniture and home decor companies are trading higher following Williams-Sonoma's report of better-than-expected Q4 earnings, positively impacting related stocks such as RH and Wayfair (W).

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:27 pm

EQIX

GOOG

GOOGL

Equinix, Inc. (NASDAQ:EQIX) announced the appointment of Adaire Fox-Martin as the new President and CEO, effective second-quarter 2024. Fox-Martin, previously with Alphabet Inc's Google Cloud, succeeds Charles Meyers, who becomes Executive Chairman. The company recently reported a Q4 FY23 adjusted FFO per share of $7.30 and sales of $2.11 billion. EQIX shares are trading lower by 1.71%.

Portfolio Pulse from Lekha Gupta

March 13, 2024 | 4:24 pm

TH

Target Hospitality Corp (NASDAQ:TH) shares rose after reporting Q4 FY23 results surpassing expectations and providing FY24 revenue guidance above estimates. Despite a sales decline to $126.220 million from $152.438 million, it beat the consensus of $118.0 million. The revenue drop was attributed to lower non-cash, nonrecurring infrastructure enhancement revenue. Adjusted EBITDA and EPS also exceeded expectations. The company announced a share repurchase and forecasts FY24 revenue of $410-$425 million, with plans to allocate over $500 million in growth capital through 2027.

Portfolio Pulse from Lekha Gupta

March 13, 2024 | 4:24 pm

ACDC

ProFrac Holding Corp. (NASDAQ:ACDC) shares fell after reporting Q4 FY23 results with revenue of $489 million missing estimates of $594.97 million and a net loss of $99.1 million compared to a net income of $40.9 million in the prior year. Adjusted EBITDA also declined to $110 million from $263.4 million. Despite this, the company anticipates higher profitability in 2024, especially in the Stimulation Services segment and expects modest improvement in the Proppant Production segment.

Portfolio Pulse from Lekha Gupta

March 13, 2024 | 4:17 pm

SNOW

Recent options trading trends for Snowflake (NYSE:SNOW) show a bearish sentiment among investors, with 58% of trades being bearish. Significant trading activity has targeted a price range of $115.0 to $195.0. Despite this, expert analysts have set higher target prices for SNOW, ranging from $214 to $290. The company's current market performance shows a slight decrease in stock price to $161.6, with an indication of being potentially oversold. Snowflake's next earnings report is expected in 70 days.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:16 pm

GIII

G-III Apparel Group (NASDAQ:GIII) is expected to report an EPS of $0.67 in its upcoming quarterly earnings on March 14, 2024. Historically, the company has had mixed reactions to its earnings reports, with share prices fluctuating post-announcement. Over the last year, GIII shares have surged by 99.02%, indicating a bullish sentiment among long-term investors. Analysts and investors will be closely watching the company's performance and future guidance.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:01 pm