Streetbeat News

Earnings

CLSK

CleanSpark, Inc. (NASDAQ:CLSK) shares surged after reporting Q1 earnings of 14 cents per share, a significant improvement over last year's losses and beating analyst expectations. Quarterly sales also exceeded forecasts, contributing to a more than 50% increase in the stock price over five days. The rise was also fueled by CleanSpark's acquisition of three bitcoin mining facilities and the recent strength in Bitcoin, which trades around $47,000.

Portfolio Pulse from Erica Kollmann

February 09, 2024 | 4:28 pm

AMCX

AMC Networks Inc (NASDAQ:AMCX) reported a Q4 2023 revenue decline of 29.6% Y/Y to $678.85 million, slightly above consensus. Adjusted EPS fell 71.4% Y/Y, missing expectations. Affiliate revenue and advertising revenues decreased, while streaming subscribers saw a marginal increase. Despite the revenue dip, streaming revenue grew by 4%. Shares fell 20.30% to $13.59.

Portfolio Pulse from Anusuya Lahiri

February 09, 2024 | 4:28 pm

NET

Cloudflare, Inc. (NYSE:NET) reported Q4 financial results surpassing estimates with revenue of $362.47 million and earnings of 15 cents per share. The company forecasts full-year 2024 revenue between $1.648 billion and $1.652 billion, slightly below estimates of $1.65 billion, but expects earnings per share to exceed estimates. Following the report, Cloudflare's shares surged 22.3% to $110.46. Analysts from Needham, Wells Fargo, Susquehanna, and RBC Capital have subsequently raised their price targets on Cloudflare.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 4:23 pm

DXCM

DexCom shares are trading lower following the release of their Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 4:18 pm

LITE

Lumentum Holdings Inc. (NASDAQ:LITE) exceeded Q2 expectations with adjusted earnings of 32 cents per share and sales of $366.80 million, surpassing estimates. The company anticipates Q3 earnings between 20 to 35 cents per share on revenue of $350 to $380 million. Lumentum is expanding its transceiver manufacturing capacity in Thailand to meet the growing demand from AI data centers. Following the report, Lumentum's shares increased by 8.8% to $49.60. Analysts from Rosenblatt, Susquehanna, and Needham have updated their price targets and ratings for LITE.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 4:09 pm

ILMN

Illumina's shares have declined in response to the company's fourth-quarter financial results.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 4:07 pm

SBLK

Star Bulk Carriers (NASDAQ:SBLK) is scheduled to release its quarterly earnings report on February 12, 2024, with analysts expecting an EPS of $0.73. Historical data shows the company has a track record of beating EPS estimates, which has positively impacted its stock price. Shares were trading at $22.94 as of February 8, reflecting a slight increase over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 4:01 pm

ICMB

Investcorp Credit (NASDAQ:ICMB) is scheduled to release its quarterly earnings report on February 12, 2024, with an estimated EPS of $0.13. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historically, ICMB's share price has reacted to its earnings performance and guidance, with a notable 0.85% drop after missing EPS last quarter. Over the past year, ICMB shares have declined by 9.67%, indicating potential concern among long-term shareholders ahead of the earnings announcement.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 4:01 pm

XAIR

Beyond Air (NASDAQ:XAIR) is scheduled to release its quarterly earnings report on February 12, 2024, with analysts expecting an EPS of $-0.53. The company's past earnings performance shows a history of not meeting EPS estimates, leading to significant share price drops. Shares are currently trading at $1.74, down 73.81% over the last 52 weeks, indicating a bearish outlook from long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 4:00 pm

FDX

Recent options trading activity for FedEx (NYSE:FDX) shows a bearish stance by whales, with 53% of trades being bearish and 47% bullish. The trades focus on a price range of $220.0 to $280.0 for FedEx. Notable options activity includes both bullish and bearish sentiments, with significant trades made for both puts and calls. FedEx's current stock price is $242.75, showing a slight increase of 0.41%, and the next earnings report is due in 34 days. The company, a leader in express package delivery, reported its fiscal 2023 earnings with major revenue contributions from its express, ground, and freight divisions.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 4:00 pm