Streetbeat News

Earnings

AGFY

AMRC

SHLS

STEM

XMTR

In Thursday's pre-market session, several industrials stocks showed significant movement. Agrify, Sterling Check, Nxu, Sidus Space, and Royalty Management Holdings were among the top gainers, with Agrify leading at a 28.5% increase. On the downside, Xometry, Shoals Technologies Group, Stem, First Advantage, Energy Focus, and Forward Air experienced declines, with Xometry dropping the most at 17.6%. Notably, earnings reports influenced several of these movements, including Ameresco, Xometry, Shoals Technologies Group, Stem, First Advantage, and Forward Air.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 1:06 pm

DAVA

OKTA

SNOW

In Thursday's pre-market session, several information technology stocks showed significant movement. Okta, Spectaire Holdings, C3.ai, SMX, Ondas Holdings, and Vertex were among the gainers, with Okta leading with a 23.4% increase following its Q4 earnings report. On the losing side, Endava, Snowflake, DoubleVerify Holdings, LivePerson, Presto Automation, and Focus Universal saw declines, with Endava dropping 21.7% after its Q2 earnings report.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 1:06 pm

PCRX

Pacira BioSciences projects its 2024 revenue to be between $680M-$705M, which is below the consensus estimate of $716.62M. The company also anticipates an adjusted gross margin of 74%-76%.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:06 pm

MSC

Studio City Intl Hldgs (NYSE:MSC) reported a significant improvement in its Q4 earnings, with losses narrowing to $(0.10) per share from $(0.43) YoY, and sales skyrocketing to $141.25M from $4.24M YoY.

Portfolio Pulse from totan@benzinga.com

February 29, 2024 | 1:06 pm

IHRT

iHeartMedia anticipates its Q1 revenue to be flat or decrease by up to 2% compared to the previous estimate of $844.1M. The company expects its Q1 consolidated adjusted EBITDA to range between $100 million and $110 million, an increase from $93 million in the previous year. iHeartMedia remains committed to its long-term target of approximately 4x net debt to adjusted EBITDA.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:06 pm

TGNA

TEGNA anticipates a decrease in its total company GAAP revenue for Q1'2024, expecting a low-to-mid-single digit percent drop.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:05 pm

IHRT

iHeartMedia (IHRT) reported Q4 sales of $1.07 billion, surpassing the analyst consensus estimate of $1.04 billion by 2.58%. However, this represents a 5.25% decrease from the $1.13 billion sales reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:04 pm

PCRX

Pacira BioSciences (NASDAQ:PCRX) reported Q4 adjusted EPS of $0.89, beating the $0.88 estimate, but missed sales estimates with $181.24M versus the expected $181.66M. This represents a 21.92% increase in EPS and a 5.40% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:04 pm

DUOL

OKTA

SCTL

SNOW

VLCN

Okta, Inc. (NASDAQ:OKTA) shares surged in pre-market trading by around 24% after reporting Q4 earnings and sales that exceeded analyst expectations, alongside strong guidance. Other stocks also showed significant pre-market movements, with notable gainers including Volcon, Inc. (NASDAQ:VLCN), Societal CDMO, Inc. (NASDAQ:SCTL), and Duolingo, Inc. (NASDAQ:DUOL) due to various positive developments. Conversely, Snowflake Inc. (NYSE:SNOW) and WW International, Inc. (NASDAQ:WW) were among the prominent losers, with Snowflake's CEO retiring and WW International reporting disappointing Q4 results.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 1:04 pm

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