Streetbeat News

Earnings

IONQ

MARA

PARA

SNOW

TSLA

U.S. stocks closed lower with the Dow Jones, S&P 500, and Nasdaq experiencing slight declines. Marathon Digital Holdings, Snowflake Inc, Paramount Global, IonQ Inc, and Tesla, Inc were among the top stocks on investors' radars, with Marathon Digital and Tesla posting gains, while Snowflake, Paramount, and IonQ saw declines. Key highlights include Marathon Digital's revenue increase and Bitcoin production rise, Snowflake's revenue growth and leadership change, Paramount's EPS beat, IonQ's positive results and focus on AI, and Tesla's market position strengthening.

Portfolio Pulse from Benzinga Neuro

February 29, 2024 | 2:43 am

HD

LOW

TJX

Jim Cramer emphasized the importance of looking beyond financial report numbers, using Home Depot, Lowe's, and TJX Companies as examples. He criticized the current reporting method for causing snap judgments and highlighted the need for investors to do their homework for better investment decisions. Cramer also mentioned the resilience of Domino's Pizza and the strong performances of Nvidia and Amazon, while expressing concerns about Alphabet's diverse ventures.

Portfolio Pulse from Benzinga Neuro

February 29, 2024 | 2:09 am

TPB

Turning Point Brands, Inc. (NYSE:TPB) reported a profit increase and a 6.1% YoY drop in Q4 net sales. The Zig-Zag segment remained stable, excluding the impact of a discontinued product line. The company saw a net income increase to $10.1 million in Q4 and $38.5 million for the full year. Adjusted EBITDA for the year decreased by 2.4% to $95.3 million. TPB's stock rose 6.23% to $24.38 per share following the announcement.

Portfolio Pulse from Jelena Martinovic

February 29, 2024 | 12:14 am

MESO

Mesoblast reported a H1 FY2024 loss after tax of $(32.5)M, marking a 21% reduction from the previous year's $(41.4)M loss. This indicates a significant improvement in the company's financial health.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 11:01 pm

ACEL

Accel Entertainment (ACEL) reported Q4 2023 adjusted EPS of $0.25, surpassing the $0.18 estimate, with sales of $297.07M exceeding the $284.98M forecast. This represents a 6.83% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:53 pm

SRI

Stoneridge, Inc. has reaffirmed its long-term target for 2027 and set new financial goals for 2028, aiming for revenues between $1.35 billion and $1.55 billion and an EBITDA margin target of 12.0% to 14.0%.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:46 pm

LPSN

LivePerson projects a significant revenue shortfall for 2024, with expectations of $300M-$315M against analysts' estimates of $401.64M. Similarly, Q1 revenue projections of $79M-$83M fall short of the expected $96.231M. These projections exclude $7.2M of Kasamba revenue from Q1 2023.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:44 pm

GSBD

Goldman Sachs BDC (GSBD) reported Q4 2023 adjusted EPS of $0.55, missing the consensus estimate of $0.56 by 1.79%. However, their quarterly sales of $115.40M exceeded the estimate of $99.27M by 16.24%, marking an 8.38% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:41 pm

ALEX

Alexander & Baldwin (ALEX) projects its 2024 Adjusted Funds From Operations (FFO) per share to be in the range of $0.80-$0.90, which is below the estimated $1.15. The company also announced a shift in its reporting metric from Core FFO to Adjusted FFO starting in 2024.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:40 pm

RRGB

Red Robin Gourmet Burgers projects FY24 total revenue to be between $1.250B-$1.275B, slightly below the estimated $1.281B. The company anticipates a low single-digit percentage decline in comparable restaurant revenue, with adjusted EBITDA expected to be between $60 million to $70 million and capital expenditures forecasted at $25 million to $35 million.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:36 pm