Streetbeat News

Earnings

AMAT

Applied Materials Inc (NASDAQ:AMAT) is set to report its Q1 earnings on Feb. 15, with Wall Street expecting $1.91 EPS and $6.48 billion in revenues. Technical analysis shows a strongly bullish trend, with the stock price above its 5, 20, and 50-day exponential moving averages and simple moving averages, indicating strong buy signals. The MACD and Bollinger Bands indicators also support a bullish outlook. Analyst consensus rates AMAT as a Buy with a price target of $144.16, despite the stock trading around $180.31 as of Feb. 13.

Portfolio Pulse from Surbhi Jain

February 14, 2024 | 4:43 pm

MLM

Martin Marietta Materials Inc (NYSE:MLM) reported Q4 FY23 results with an 8.9% Y/Y revenue increase to $1.608 billion, missing consensus by a slight margin but beating EPS expectations with $4.63 vs. $3.99 consensus. The company saw a significant improvement in gross profit and margin, and despite a decrease in aggregates shipments, pricing increased. FY24 guidance was provided with expected total revenues and adjusted EBITDA below consensus. Additionally, MLM announced a $2.05 billion acquisition of operations from BWI Southeast.

Portfolio Pulse from Lekha Gupta

February 14, 2024 | 4:43 pm

ANEB

Anebulo Pharmaceuticals, Inc. (NASDAQ:ANEB) reported a narrowed net loss for Q2 2024 and progress on its drug for acute cannabinoid intoxication (ACI), selonabant. The company's Q2 net loss was $2.7 million, down from $3.8 million in the same period last year, with total operating expenses decreasing to $2.8 million from $3.8 million. Anebulo received positive feedback from the FDA on its ANEB-001 drug for ACI, indicating a potential path for a new drug application. Shares of Anebulo traded 4.8780% higher at $2.58 per share following the announcement.

Portfolio Pulse from Jelena Martinovic

February 14, 2024 | 4:37 pm

DENN

Denny's shares are trading lower despite reporting better-than-expected Q4 financial results. Wedbush maintained a Neutral rating on DENN but lowered its price target from $11 to $10.5.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 4:27 pm

DDI

DoubleDown Interactive's shares surged following the announcement of Q4 revenue results that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 4:22 pm

SMWB

Similarweb's shares surged following the announcement of Q4 financial results that exceeded expectations. Additionally, the company provided optimistic revenue guidance for Q1 and the full year 2024, surpassing analysts' forecasts.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 4:22 pm

AMZN

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares rose over 3% on Wednesday, outperforming the S&P 500 with a 170% gain over the last year. Despite a downgrade to Hold from Buy by HSBC with a target of $22, the company's embrace of AI and receipt of multiple awards at the Dresner Advisory Services 2023 Technology Innovation Awards highlight its growth. Palantir's Q4 2023 earnings showed a 20% revenue increase to $608 million, surpassing estimates. The company's CTO compared its trajectory to Amazon's AWS phase, emphasizing its proprietary technology and software infrastructure.

Portfolio Pulse from Nabaparna Bhattacharya

February 14, 2024 | 4:21 pm

VPG

Vishay Precision Group's shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 4:19 pm

LYFT

UBER

Uber Technologies, Inc (NYSE:UBER) announced a stock repurchase program of up to $7 billion, following a strong fourth-quarter FY23 performance with a 15% year-on-year revenue growth to $9.94 billion, surpassing the consensus of $9.76 billion. Its GAAP EPS of $0.29 also beat the consensus of $0.17. Meanwhile, Lyft, Inc (NASDAQ:LYFT) reported a 4% year-on-year increase in quarterly sales to $1.225 billion, exceeding the consensus of $1.220 billion, with a 26% growth in rides and an EPS of $0.18, beating the consensus of $0.08. Uber's stock traded higher by 12.01% at $77.27.

Portfolio Pulse from Anusuya Lahiri

February 14, 2024 | 4:18 pm

VGR

Vector Group's shares experienced an increase following the announcement of their Q4 financial results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 4:17 pm