Streetbeat News

Earnings

JWN

Nordstrom, Inc. (JWN) is anticipated to release its Q4 earnings on March 5, 2024, with expected earnings of 86 cents per share, up from 74 cents a year ago, and projected revenue of $4.38 billion, slightly up from $4.32 billion. The article also explores how investors can generate monthly income from Nordstrom's dividends, which currently yield 3.67%, by owning a significant number of shares. Additionally, it mentions the impact of stock price fluctuations on dividend yield and the recent price action of JWN shares, which fell 1.2% to close at $20.72.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 1:20 pm

HMN

Horace Mann Educators Corporation (NYSE:HMN) has increased its quarterly dividend by 3.0% to $0.34 per share, marking the 16th consecutive year of dividend growth. The dividend is payable on March 29, 2024, to shareholders of record as of March 15, 2024. The company reaffirms its full-year 2024 EPS forecast of $3.00-$3.30, expecting the Property & Casualty segment to return to profitability.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:19 pm

PTVE

Pactiv Evergreen Inc. (NASDAQ:PTVE) reported a 14% year-over-year decrease in Q4 net revenues to $1,274 million and an increase in adjusted earnings to 33 cents per share. Despite operational challenges, the company exceeded financial goals and plans to optimize its footprint in 2024 for cost savings and sustainable growth. Following the report, PTVE shares fell 10.1%. Analysts from Baird, Goldman Sachs, and Citigroup revised their price targets, with mixed outlooks.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 1:19 pm

WULF

TeraWulf Inc. (NASDAQ:WULF) reported its February 2024 production and operations update, highlighting a 16% increase in bitcoin mining to 364 bitcoins with an average daily production rate of over 12.5 bitcoins. The company's operational hashrate increased by 39% month-over-month to 7.5 EH/s, with a self-mining capacity expected to surpass 8.0 EH/s in March. TeraWulf's power cost per bitcoin was $13,968, and it is on track to expand its capacity to 10 EH/s by mid-2024 with the completion of Building 4 at the Lake Mariner facility.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:15 pm

ACR

BKKT

COIN

PSBD

RELI

In Monday's pre-market session, financial stocks showed significant movement. Palmer Square Capital BDC (PSBD) led the gainers with a 29.1% increase following its FY earnings report. Other notable gainers included Reliance Global Group (RELI), Bakkt Holdings (BKKT), Solowin Holdings (SWIN), KB Financial Group (KB), and Coinbase Global (COIN). On the losing side, ACRES Commercial Realty (ACR) saw a 9.1% decrease after its Q4 earnings, with Senmiao Tech (AIHS), Garden Stage (GSIW), Better Home & Finance (BETR), and Lion Group Holding (LGHL) also experiencing declines.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 1:09 pm

AIMD

AKLI

BIVI

ETNB

HSDT

QNRX

In Monday's pre-market session, several healthcare stocks showed significant movement. Quoin Pharmaceuticals, Ainos, and Helius Medical Tech were among the top gainers, with stock prices increasing by 71.1%, 69.52%, and 55.04% respectively. On the losing side, BioVie, First Wave BioPharma, and Sunshine Biopharma saw declines of 46.0%, 29.44%, and 21.49%. Notably, 89bio and Akili released their Q4 earnings reports two days ago, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 1:09 pm

EWX

PGJ

SOHU

Sohu.com Limited (NASDAQ: SOHU) reported a 12% Y/Y revenue decline to $141.36 million for Q4 2023, with a smaller-than-expected adjusted loss per ADS of 32 cents. Brand advertising and online game revenues fell by 30% and 5% Y/Y, respectively. The company announced an increase in its share repurchase program from $80 million to $150 million. Sohu forecasts a decrease in brand advertising and online game revenues for Q1 2024, alongside an estimated adjusted net loss of $23 million to $33 million. SOHU shares dropped 2.40% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 04, 2024 | 1:08 pm

BLK

IRBT

JELD

WEN

Notable insider sales were reported for iRobot, JELD-WEN Holding, BlackRock, and Wendy's Company, with insiders selling shares for various reasons. iRobot's sale followed mixed Q4 results, JELD-WEN's after better-than-expected earnings, BlackRock's post reporting Q4 revenue growth, and Wendy's after reporting slight sales growth missing analyst estimates.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 1:05 pm

GSL

Global Ship Lease (NYSE:GSL) reported Q4 adjusted EPS of $2.49, surpassing the $2.35 estimate, and sales of $178.90M, exceeding the $172.02M estimate. This represents a 16.36% increase in EPS and an 8.41% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:04 pm

ADIL

AIMD

BIVI

JAGX

LIFW

BioVie Inc. shares fell by 41.8% in pre-market trading after announcing the pricing of a public offering. Other stocks showed significant movement in pre-market trading, with Ainos, Inc., MSP Recovery, Inc., and Jaguar Health, Inc. among the top gainers. Conversely, Adial Pharmaceuticals, Inc., Caledonia Mining Corporation Plc, and Minim, Inc. were among the top losers.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 1:04 pm