Streetbeat News

Earnings

SKIN

Beauty Health shares surged following the announcement of their Q4 revenue results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:02 am

ADCT

ADC Therapeutics (NYSE:ADCT) reported a Q4 adjusted EPS of $(0.97), missing the consensus estimate of $(0.50) by 94%. Year-over-year, this represents a 1112.5% decrease in EPS. However, Q4 sales of $16.79M exceeded expectations by 9.52%, despite being 75.94% lower than the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:02 am

ZIM

ZIM Integrated Shipping reported Q4 losses of $(1.23) per share, beating the $(1.29) estimate but marking a 135.76% decrease from last year's earnings. Sales were $1.21B, missing the $1.28B estimate and showing a 44.95% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:02 am

SLN

Silence Therapeutics plc (Nasdaq: SLN) announced positive 36-week data from the ALPACAR-360 phase 2 study of zerlasiran in subjects with high Lp(a) levels, a key risk factor for cardiovascular disease. Zerlasiran aims to lower Lp(a) production, potentially reducing the risk of atherosclerotic cardiovascular disease events.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:01 am

VFF

Village Farms Intl (NASDAQ:VFF) reported Q4 2023 earnings with a GAAP EPS of $(0.20), missing the $(0.01) estimate by 1900%. However, their sales of $74.250M exceeded the $69.786M estimate by 6.40%, marking a 6.90% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:01 am

TH

Target Hospitality forecasts its FY24 total revenue to be in the range of $410M-$425M, surpassing the $409.67M estimate. The company also projects its FY24 Adjusted EBITDA to be between $195M-$210M.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 10:54 am

WLFC

Willis Lease Finance (WLFC) reported a decrease in Q4 EPS to $1.53 from $2.12 YoY, while sales increased to $114.28M from $88.14M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 10:49 am

DLTR

LEN

QQQ

S

SPY

TSLA

WSM

US stock futures indicate a flat open after a relief rally, with caution prevailing on Wall Street. Bitcoin surpasses $73K, while gold declines. Analysts stress the need for robust earnings to justify market strength, highlighting high S&P 500 valuations in a higher interest rate environment. SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) show slight premarket movements. Tesla, Dollar Tree, Williams-Sonoma, SentinelOne, and Lennar are in focus due to stock performance and upcoming earnings.

Portfolio Pulse from Shanthi Rexaline

March 13, 2024 | 10:49 am

TH

Target Hospitality (NASDAQ:TH) reported Q4 earnings of $0.29 per share, surpassing the $0.24 estimate, and sales of $126.22M, exceeding the $118.00M estimate. However, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 10:48 am

DLTR

Dollar Tree projects Q1 net sales to be between $7.6B and $7.9B, compared to the estimated $7.68B. The company also forecasts Q1 earnings per share (EPS) to be in the range of $1.33 to $1.48, which is below the estimated $1.69.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 10:37 am