Streetbeat News

Earnings

GOTU

Gaotu Techedu's shares surged following the announcement of their Q4 results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:49 pm

SWTX

SpringWorks Therapeutics' stock price increased following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:48 pm

AULT

Ault Alliance shares are trading higher following the announcement of their preliminary FY23 revenue results.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:44 pm

ACHR

Archer Aviation's shares dropped following a report of worse-than-expected Q4 earnings per share (EPS).

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:39 pm

TIGO

Millicom shares surged following the announcement of Q4 sales results that exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:38 pm

DORM

Dorman Products' shares increased following the announcement of mixed Q4 financial results and the issuance of 2024 adjusted EPS guidance that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:37 pm

IRBT

iRobot shares are trading lower due to the company providing weak financial guidance for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:33 pm

M

Macy's shares are trading higher following the announcement of their Q4 results.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:31 pm

EXPE

Expedia Group, Inc. (NASDAQ:EXPE) announced a workforce reduction of approximately 9%, affecting around 1,500 employees, as part of its organizational and technological transformation. The company anticipates incurring $80 million to $100 million in pre-tax charges and cash expenditures related to restructuring, with charges to be recorded in 2024. This announcement follows Expedia's recent earnings beat and the appointment of Ariane Gorin as the new CEO, effective May 13, 2024. EXPE shares rose 1.37% to $136.80.

Portfolio Pulse from Lekha Gupta

February 27, 2024 | 4:25 pm

IIPR

Innovative Industrial Properties, Inc. (IIPR) reported a 12% increase in 2023 revenue to $309.5 million, with Q4 revenue at $79.2 million. The growth is attributed to tenant reimbursements, acquisitions, leasing of new properties, and rental escalations. Net income for 2023 was $164.2 million, up from $153 million in 2022. Total expenses for the year rose to $135 million. The company's shares saw a 3.48% increase to $92.87 per share.

Portfolio Pulse from Jelena Martinovic

February 27, 2024 | 4:25 pm