Streetbeat News

Earnings

MAR

Marriott International (NASDAQ:MAR) reported Q4 adjusted earnings per share of $3.57, surpassing analyst expectations of $2.12, but missed revenue forecasts with $6.095 billion against a consensus of $6.20 billion. The company saw a worldwide RevPAR increase of 7.2% and added nearly 81,300 rooms globally in 2023. Despite these achievements, MAR shares fell by 5.60% to $234.90, likely due to the revenue miss and a cautious outlook for FY24, projecting adjusted EPS below analyst estimates.

Portfolio Pulse from Nabaparna Bhattacharya

February 13, 2024 | 4:55 pm

K

WK Kellogg shares are trading higher following the announcement of better-than-expected Q4 revenue results and the issuance of FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 4:54 pm

POL

Polished.com has revised its fiscal year 2023 revenue guidance downwards from the previously estimated range of $330M-$350M to $315M-$325M, and now expects EBITDA to be below its earlier forecast. The adjustment is attributed to ongoing macroeconomic challenges affecting consumer discretionary spending. The company highlights that these projections, made as of February 12, 2024, are subject to significant uncertainties including economic conditions, inflation, interest rates, and supply chain constraints.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 4:52 pm

LSCC

Lattice Semiconductor Corp (NASDAQ:LSCC) reported mixed Q4 results, with shares slightly recovering in early trading. Analysts from KeyBanc, Stifel, Needham, and Baird provided varied outlooks, citing concerns over soft demand in Comms Infra, Industrials, and Automotive sectors. The company's Q4 revenue missed expectations, and first-quarter guidance was lowered. Analysts predict a recovery in the second half of 2024 as inventories normalize and new products ramp up.

Portfolio Pulse from Priya Nigam

February 13, 2024 | 4:52 pm

TDC

Teradata Corporation (NYSE:TDC) shares fell after issuing Q1 and FY 2024 guidance below estimates, despite beating Q4 earnings and sales estimates. RBC Capital lowered its price target, while JMP Securities maintained a positive outlook.

Portfolio Pulse from Erica Kollmann

February 13, 2024 | 4:46 pm

HPP

Hudson Pacific Properties shares are trading lower following the announcement of Q4 financial results that did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 4:45 pm

ECL

Ecolab Inc (NYSE:ECL) shares surged after reporting Q4 FY23 results that exceeded expectations and providing optimistic Q1 FY24 EPS guidance. Sales increased by 7% Y/Y to $3.938 billion, slightly above analyst estimates. Adjusted operating income rose 24% Y/Y, and the company expects a strong FY24 with adjusted EPS guidance of $6.10-$6.50, against an estimate of $6.14. Ecolab's CEO expressed confidence in continued earnings growth and margin expansion.

Portfolio Pulse from Lekha Gupta

February 13, 2024 | 4:43 pm

TRU

TransUnion shares surged following the announcement of their Q4 results, which exceeded expectations. The company also provided optimistic guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 4:43 pm

ASPN

Aspen Aerogels shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 4:43 pm

UUP

The January inflation report showed a year-on-year increase to 3.1%, exceeding forecasts and indicating persistent inflationary pressures. Bank of America now sees a March rate cut as unlikely, with diminished prospects for a May cut, but remains hopeful for cuts starting in June. The Invesco DB USD Index Bullish Fund ETF (UUP) saw its value increase, reaching a three-month high. Economist Peter Schiff warned that inflation is unlikely to return to 2% without further Fed rate hikes, viewing the situation as favorable for gold. Other analysts also expressed concerns over persistent high inflation and its impact on Federal Reserve policies.

Portfolio Pulse from Piero Cingari

February 13, 2024 | 4:33 pm