Streetbeat News

Earnings

DAVA

Endava (NYSE:DAVA) reported Q2 adjusted EPS of $0.37, slightly beating the $0.37 estimate, but saw a significant decrease in earnings and sales year-over-year. Sales of $27.88M missed the $233.97M estimate by 88.08%, marking an 88.42% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:18 pm

MARA

Marathon Digital Holdings, Inc. (NASDAQ:MARA) shares dropped in premarket trading despite reporting a significant year-over-year revenue increase of 452% to $156.77 million and reversing to a profit of 66 cents per share. The decline was attributed to an adjusted loss of 2 cents per share, missing analyst expectations of a 3-cent per share profit. The company also reported a 172% increase in Bitcoin production. The drop occurred amidst a broader Bitcoin rally, with Bitcoin reaching a new intraday high of $63,432.97.

Portfolio Pulse from Shanthi Rexaline

February 29, 2024 | 12:17 pm

GDRX

GoodRx Holdings' shares surged following the announcement of its Q4 financial results and the issuance of Q1 revenue guidance that exceeded analysts' expectations.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:17 pm

AMRN

Amarin is making strides in reducing its operating expenses and effectively managing its cash position, indicating a strategic focus on financial health and sustainability.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:17 pm

XMTR

Xometry reported fiscal Q4 results and issued Q1 guidance below estimates, alongside announcing a CFO transition, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:15 pm

BBWI

Bath & Body Works shares are trading lower following the company's Q4 earnings report, which included a worse-than-expected outlook for Q1 and FY24. Additionally, the company has authorized a $500 million stock buyback.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:14 pm

ADV

Advantage Solutions (NASDAQ:ADV) reported Q4 earnings of $0.05 per share, missing the $0.13 estimate, and sales of $1.08B, missing the $1.13B estimate. This represents a 70.59% decrease in earnings and a 2.09% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:13 pm

ENPH

FNB

MRCY

$11M Bet On Mercury Systems? Notable insider purchases were made in F.N.B. Corporation, Mercury Systems, and Enphase Energy, indicating confidence in these companies. F.N.B. Corporation announced a dividend, Mercury Systems reported disappointing Q2 results, and Enphase Energy received a positive analyst rating.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 12:13 pm

FENC

Fennec Pharmaceuticals has released a preliminary report indicating a significant increase in Q4 net revenues, expected to be between $9.2M-$9.7M, marking a 41%-49% rise quarter over quarter. Furthermore, the company projects its FY23 net revenues to range between $20.7M-$21.2M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:12 pm

NVRI

Enviri (NVRI) forecasts a significant shift in its financial outlook for FY24, expecting an adjusted earnings per share (EPS) ranging from a loss of $0.00 to $0.25, compared to the previous estimate of a $0.09 gain. For Q1, the company anticipates an adjusted EPS between a loss of $0.05 to $0.13, versus the earlier $0.01 estimate.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:11 pm