Streetbeat News

Earnings

LANV

Lanvin Group announced its preliminary full-year 2023 results, projecting revenues of €426M, a 1% increase year-over-year. The company also anticipates an 8% revenue growth in the Asia-Pacific (APAC) region.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:21 am

BLCO

CLH

ESEA

GATO

RIO

WIX

The article lists companies scheduled to report their earnings on February 21, 2024, including their expected earnings per share and revenue. It covers a wide range of industries and includes both companies expected to report profits and losses.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 10:09 am

NVDA

QQQ

SOXX

SPY

Nvidia Corp. (NASDAQ:NVDA) is set to report its fiscal fourth-quarter earnings, with high expectations from Wall Street for strong performance, particularly in AI and Data Center revenues. Analysts predict a significant year-over-year and quarter-over-quarter growth, with a focus on Nvidia's role as a leader in the AI revolution. The company's stock has seen a substantial increase, outperforming major ETFs. Analysts from Morgan Stanley and Rosenblatt anticipate a strong quarter, driven by product cycles and AI applications.

Portfolio Pulse from Shanthi Rexaline

February 21, 2024 | 9:30 am

ASML

MDTTF

NVDA

TSM

UMC

Ahead of NVIDIA's Q4 earnings report, shares of TSMC and ASML have declined, with TSMC dropping nearly 1% and ASML by 2.09%. Other semiconductor stocks like UMC and MediaTek also saw decreases. The market is closely watching NVIDIA, whose stock has risen over 200% in the past year due to the AI boom. Analysts warn that disappointing earnings from NVIDIA could lead to a significant sell-off, while others see it as a buying opportunity.

Portfolio Pulse from Benzinga Neuro

February 21, 2024 | 9:15 am

ADI

EXC

KEYS

LZB

NVDA

NVIDIA Corporation is anticipated to report quarterly earnings of $4.64 per share on revenue of $20.62 billion. La-Z-Boy Incorporated reported disappointing third-quarter results, causing an 8.6% drop in shares. Analog Devices, Inc. is expected to earn $1.71 per share on $2.50 billion revenue. Keysight Technologies, Inc. reported strong first-quarter earnings but provided weak second-quarter guidance, leading to a 6.8% decrease in shares. Exelon Corporation is expected to report earnings of 58 cents per share on $4.17 billion revenue.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 8:47 am

ADI

COF

DFS

EXC

NVDA

RIVN

WMT

The CNN Money Fear and Greed index indicated a decline in market sentiment, remaining in the 'Greed' zone with a reading of 67.3. U.S. stocks, including the Nasdaq, Dow Jones, and S&P 500, closed lower, ending their five-week winning streak. The Conference Board's Leading Economic Index fell more than expected. Capital One Financial Corp plans to acquire Discover Financial Services in a $35.3 billion deal. Walmart Inc. shares rose after reporting strong Q4 results. Sectors like consumer discretionary, energy, and IT saw losses, while consumer staples gained. Investors await earnings from Exelon Corporation, Analog Devices, NVIDIA, and Rivian Automotive.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 8:46 am

HSBC

HSBC Holdings reported a decrease in Q4 sales to $13.02 billion, down 11.11% from $14.65 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 7:45 am

NVDA

Tom Lee of Fundstrat Global Advisors highlighted the significance of Nvidia's upcoming earnings report as a key indicator of market strength and potential insight into enterprise spending trends in AI. Despite predictions of significant Q4 earnings for Nvidia, there's uncertainty about the stock's reaction post-earnings, with possibilities of a sell-off or a pullback. The report is also seen as a crucial piece in understanding AI monetization acceleration, following trends from other tech giants.

Portfolio Pulse from Benzinga Neuro

February 21, 2024 | 7:25 am

CALT

Calliditas Therapeutics (NASDAQ:CALT) reported Q4 earnings with losses of $(0.06) per share, surpassing the $(0.07) estimate, and sales of $42.41M, exceeding the $35.86M estimate. This represents a 392.31% increase in losses from the previous year but a 5.19% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 7:05 am

BYON

Beyond (NYSE:BYON) reported Q4 adjusted EPS of $(1.22), missing the $(0.73) estimate, and sales of $384.46M, beating the $346.02M estimate. This represents a significant decrease in EPS and a slight decrease in sales from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 6:51 am