Streetbeat News

Earnings

MLCO

Melco Resorts and Enter reported a Q4 2023 GAAP EPS of $(0.36), missing the $0.10 estimate, with sales of $1.09B also missing the $1.13B estimate.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:03 pm

ACLX

Arcellx, Inc. (NASDAQ:ACLX) reported a significant turnaround in its Q4 results with a net income of $20.5 million, compared to a net loss of $39.0 million in the previous year. The company's collaboration revenue soared to $63.1 million, up from zero. Research and development expenses increased slightly. The company highlighted its expanded partnership with Kite, a $200M investment extending its cash runway into 2027, and presented promising data for anito-cel as a treatment for multiple myeloma. Following the report, Baird and Needham raised their price targets for ACLX, though its shares fell slightly by 0.4% to close at $67.32.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 1:03 pm

TRS

TriMas (NASDAQ:TRS) reported Q4 2023 earnings of $0.37 per share, missing the $0.53 estimate, and sales of $209.56M, missing the $246.44M estimate. This represents a 40.32% decrease in earnings and a 3.07% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:02 pm

TGNA

Tegna Inc. (NYSE:TGNA) reported Q4 adjusted earnings per share (EPS) of $0.43, missing the consensus estimate of $0.47 by 8.51%. This represents a 56.12% decrease from the previous year's earnings of $0.98 per share. Quarterly sales were $725.85 million, falling short of the $750.82 million estimate by 3.33% and marking a 20.86% decrease from the previous year's $917.13 million.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:02 pm

UNIT

Uniti Group reported its Q4 2023 results with an AFFO of $0.34, which was in line with expectations. However, their sales of $285.70M fell short of the estimated $295.93M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:02 pm

GHRS

GH Research (NASDAQ:GHRS) reported Q4 earnings with an EPS of $-0.21, missing estimates by -5.0% and showing no revenue change from the previous year. Despite beating EPS estimates last quarter, this miss could impact investor sentiment.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 1:00 pm

NTNX

Nutanix shares surged following the announcement of Q2 financial results that exceeded expectations. Additionally, Barclays reaffirmed an Overweight rating on Nutanix and increased its price target from $49 to $68.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:59 pm

CELH

Celsius Holdings shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:58 pm

SIX

Six Flags Entertainment reported its Q4 adjusted earnings per share (EPS) of $0.18, missing the estimated $0.27. The adjustment excludes merger-related transaction costs and impairment costs.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:57 pm

HLN

Haleon shares are trading higher following the announcement of their FY23 revenue results.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:57 pm