Streetbeat News

Earnings

DOCU

DocuSign shares surged following the announcement of their Q4 financial results, which exceeded expectations. The company also provided optimistic guidance for Q1 and the full fiscal year 2025, surpassing analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 11:56 am

MRVL

Marvell Technology's shares dropped following its Q4 financial results announcement and weaker than expected Q1 guidance. Additionally, the company has authorized a $3 billion stock buyback program.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 11:55 am

MDB

MongoDB shares are trading lower following the company's announcement of weak guidance for both Q1 and the full fiscal year 2025.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 11:55 am

GCO

Genesco projects a significant decrease in its adjusted EPS for FY25, forecasting a range of $0.60 to $1.00, compared to the estimated $2.53. The company also anticipates a 2% to 3% decline in sales for the same fiscal year.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 11:54 am

GCO

Genesco reported Q4 adjusted EPS of $2.59, missing the $3.04 estimate, and sales of $738.95M, beating the $705.66M estimate. This represents a 15.36% decrease in EPS and a 1.92% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 11:51 am

BKD

Brookdale Senior Living Inc. reported a significant increase in its weighted average occupancy for February, rising 160 basis points year-over-year to 77.9%.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 11:49 am

D

RDFN

SNOW

Insiders at Snowflake, Redfin, and Dominion Energy have made notable stock purchases, signaling confidence in their companies. Snowflake's revenue increased by 32% year-over-year, while Redfin reported downbeat quarterly sales. Dominion Energy concluded its business review and issued guidance.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 11:41 am

PBR

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) reported Q4 earnings with an EPS of $0.96, missing estimates by -7%, and a revenue decrease of $3.06 billion from the previous year. The company's past earnings miss was followed by a 10% share price drop.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 11:35 am

GORV

Lazydays Holdings (GORV) reported a significant miss in both Q4 adjusted EPS and sales, with losses per share of $(1.09) against an estimate of $(0.62) and sales of $198.03M against an estimate of $227.72M. This represents a 5350% increase in losses per share and an 18.67% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 11:33 am

AQN

Algonquin Power & Utilities announced it will not provide adjusted EPS guidance for 2024 due to uncertainty surrounding the planned sale of its renewable energy business.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 11:33 am