Streetbeat News

Earnings

NAT

Nordic American Tankers (NAT) reported Q4 earnings of $0.08 per share, missing the $0.13 estimate, and sales of $59.25M, missing the $68.69M estimate. This represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:57 am

GLNG

Golar LNG (NASDAQ:GLNG) reported Q4 sales of $79.68M, surpassing the $79.18M estimate, marking a 34.73% increase from last year's $59.14M. The company concluded the quarter with $679.23M in cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:50 am

DDL

Dingdong (Cayman) reported a significant decrease in both earnings per share and sales for Q4, with EPS down 87.5% to $0.01 from $0.08 YoY, and sales down 21.77% to $703.31M from $899.01M YoY.

Portfolio Pulse from totan@benzinga.com

February 29, 2024 | 10:48 am

BIRK

Birkenstock has reaffirmed its fiscal year 2024 revenue outlook, projecting revenues between €1.74 billion and €1.76 billion on a constant currency basis. This forecast represents a year-over-year revenue growth of 17% to 18%.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:43 am

BIRK

Birkenstock Holding (BIRK) reported Q1 adjusted EPS of $0.097, missing the consensus estimate of $0.10 by 3%. However, their quarterly sales of $326.04M exceeded the estimate of $313.24M by 4.09%.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:38 am

CM

Canadian Imperial Bank (NYSE:CM) reported Q1 adjusted earnings of $1.33 per share, surpassing the $1.23 estimate, and sales of $4.57B, exceeding the $4.49B estimate. This represents a 6.99% decrease in earnings and a 4.36% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:28 am

CNQ

Canadian Natural Resources (CNQ) reported Q4 adjusted EPS of $1.72, surpassing the $1.60 estimate, and sales of $7.02B, exceeding the $6.94B estimate. This represents a 17.74% increase in EPS and a 2.70% decrease in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:25 am

AI

MSFT

NVDA

PLTR

XLK

Wedbush's Dan Ives highlights a surge in demand for AI technologies, citing c3.ai's strong Q4 results, Microsoft's Copilot AI tool, Palantir's AI platform, and Nvidia's optimistic forecasts as evidence of an accelerating AI revolution. The AI-levered stocks have seen significant growth, with debates on potential 'irrational exuberance'. Ives compares the current AI optimism to the '1995 Moment', predicting $1 trillion of incremental spending in the next decade. The Technology Select Sector SPDR Fund (XLK) saw a slight decrease in premarket trading.

Portfolio Pulse from Shanthi Rexaline

February 29, 2024 | 10:20 am

FRO

IH

NBBK

VRNA

Numerous companies are scheduled to report their earnings on February 29, 2024, covering a wide range of industries from technology to healthcare. This includes both expected quarterly profits and losses, with significant revenues anticipated for some. The diversity of sectors represented, from energy to financial services, highlights the broad economic implications of these reports.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 10:15 am

HLN

Haleon forecasts FY24 organic revenue growth of 4%-6%, but anticipates Q1 growth to be slightly below the 4% mark due to challenging comparisons from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:26 am