Streetbeat News

Earnings

FSR

NTAP

QQQ

SPY

US stocks are set for a modestly lower opening after recent gains, with attention on Fed speeches and economic data. The S&P 500 and Nasdaq hit new highs, while small-caps also saw gains. Premarket trading saw SPY and QQQ ETFs dip slightly. Notable stock movements include NetApp's surge and Fisker's decline post-earnings. Upcoming economic data includes manufacturing PMIs and consumer sentiment. Bond yields dipped, and crude oil futures rose.

Portfolio Pulse from Shanthi Rexaline

March 01, 2024 | 11:31 am

MSDL

Morgan Stanley Direct Lending Fund (MSDL) reported Q4 earnings per share of $0.70, down from $1.02 YoY. Q4 net investment income was $55.5M, with new investment commitments totaling $242.9M. The board declared a regular dividend of $0.50 per share and a special dividend of $0.10 per share, paid on January 25, 2024, to stockholders of record as of December 28, 2023.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:25 am

HPE

Hewlett Packard Enterprise (HPE) shares dropped in premarket trading after reporting a 14% Y/Y decline in Q1 FY24 revenue to $6.76 billion, missing estimates. Despite a 42% Y/Y increase in ARR and a 200 basis point expansion in adjusted gross margin, the company's outlook for Q2 and FY24 fell short of consensus expectations, with projected revenue and adjusted EPS below analyst estimates. HPE also reported a negative free cash flow of $(482) million for the quarter.

Portfolio Pulse from Lekha Gupta

March 01, 2024 | 11:16 am

AMRX

Amneal forecasts an increase in its FY 2024 Adjusted EBITDA to $580M-$620M from $558M in 2023. Operating cash flow is expected to be $260M-$300M, down from $346M, and capital expenditures are projected at $60M-$70M, up from $43M.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:09 am

BDSX

Biodesix projects its FY24 revenue to be between $65M-$68M, surpassing the estimated $64.53M and indicating a 32%-39% year-over-year growth rate.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:06 am

PGRU

PropertyGuru Group (NYSE:PGRU) reported Q4 earnings, beating estimates with an EPS of $0.01 versus the expected -$0.02, and revenue increased by $2.60 million from the previous year. The company has a history of surpassing EPS estimates, which previously led to a 1.0% share price increase the following day.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 11:05 am

BDSX

Biodesix (NASDAQ:BDSX) reported Q4 earnings, beating estimated earnings by 9.0% with an EPS of $-0.1 versus an estimate of $-0.11. However, revenue was down $893.33 million from the same period last year. Despite beating EPS estimates in the past, such performance was previously followed by a 10.0% drop in share price the next day.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 11:05 am

BDSX

Biodesix reported Q4 earnings with EPS of $(0.10), beating estimates by 9.09% but missing sales estimates with $14.67M against the expected $15.61M. This represents a significant decrease in sales compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:02 am

AMRX

Amneal Pharmaceuticals (NYSE:AMRX) reported Q4 adjusted EPS of $0.14, surpassing the $0.09 estimate, but its sales of $616.98M fell short of the $634.23M estimate. This represents a 39.13% decrease in EPS from last year, while sales saw a 1.18% increase.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:02 am

FSR

HPE

PLUG

Hewlett Packard Enterprise reported mixed Q1 results with earnings above and sales below market expectations, leading to a 6.1% pre-market share drop. Other stocks like Fisker, Plug Power, and several others also moved lower in pre-market trading due to various reasons including below-estimate revenues, internal control issues, and weak financial results.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 10:47 am