Streetbeat News

Earnings

LI

Li Auto shares are trading lower following the announcement of their February 2024 delivery numbers.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 4:56 pm

ADSK

Autodesk Inc (NASDAQ:ADSK) shares rose after reporting higher-than-expected Q4 results, with several analysts raising their price targets despite mixed guidance for fiscal 2025. The company saw record deals over $100,000 and $1M in construction accounts, indicating strong performance and potential for growth. Analysts highlighted Autodesk's solid quarter, improved transparency around organic growth, and the expected mechanical rebuild of free cash flow (FCF) going forward.

Portfolio Pulse from Priya Nigam

March 01, 2024 | 4:47 pm

SATS

EchoStar Corp (NASDAQ:SATS) shares fell after reporting Q4 earnings. Despite beating earnings and revenue expectations with $1.21 EPS and $4.163 billion in revenue, the company saw a net loss of $2.03 billion and a decline in Pay-TV and Broadband subscribers. The year-over-year sales dropped by 8.2%, mainly due to subscriber declines in the Pay-TV segment. EchoStar also completed a merger with DISH Network, aiming for operational efficiencies.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 4:47 pm

CRDF

Cardiff Oncology Inc (NASDAQ:CRDF) released data from its discontinued Phase 2 ONSEMBLE trial for second-line RAS-mutated metastatic colorectal cancer, showing efficacy of onvansertib. Despite discontinuing this trial to focus on a first-line treatment program, the company's stock soared by 37.60%. Cardiff Oncology had $75 million in cash at the end of 2023, expected to last until Q3 2025.

Portfolio Pulse from Vandana Singh

March 01, 2024 | 4:38 pm

XPOF

Xponential Fitness shares surged following the announcement of Q4 revenue results surpassing expectations and the company's optimistic revenue forecast for FY24.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 4:30 pm

IYW

MSFT

Microsoft Corporation's partnership with OpenAI is highlighted as a significant competitive advantage by Stifel analyst Brad Reback, potentially doubling Azure's total addressable market and sustaining Microsoft's double-digit revenue and profitability growth. The iShares U.S. Technology ETF, with a notable weighting in Microsoft, also saw an increase.

Portfolio Pulse from Neil Dennis

March 01, 2024 | 4:22 pm

D

Dominion Energy's stock is trading lower following the company's announcement of completing its business review and issuing new guidance.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 4:19 pm

SE

Sea Limited (NYSE:SE) is anticipated to report a Q4 loss of 27 cents per share, contrasting with last year's earnings of 72 cents per share. Revenue is expected to be $3.55 billion, up from $3.45 billion year-over-year. The company previously reported a 4.9% revenue growth in Q3 FY23. Ahead of the earnings call, analysts have revised their forecasts and ratings, with varied price targets and recommendations.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 4:19 pm

COO

DELL

NTAP

TDW

The Cooper Companies reported better-than-expected Q1 financial results and raised guidance, leading to a 7.4% stock increase. Other companies like Dell, Sweetgreen, Everbridge, NetApp, and Tidewater also saw significant gains following positive financial results or corporate actions. Stocks like Dell and NetApp reported better-than-expected financial results, with Dell also increasing its annual cash dividend by 20%. Everbridge amended a merger agreement, and Tidewater reported strong Q4 results.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 4:18 pm

PMVP

PMV Pharmaceuticals shares surged following the announcement of an increase in their FY23 EPS results compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 4:17 pm