Streetbeat News

Earnings

LAZR

Luminar Technologies (LAZR) reported Q4 2023 adjusted EPS of $(0.20), missing the $(0.19) estimate, with sales of $22.11M also missing the $27.34M estimate. This represents a 98.76% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 9:33 pm

BMBL

Bumble Inc. (NASDAQ:BMBL) reported Q4 financial results with a loss of 19 cents per share, missing the analyst consensus of 12 cents. Quarterly sales were $273.64 million, below the expected $275.29 million. The company announced a workforce reduction of 350 roles, expecting charges of $20-$25 million, mainly in the first half of 2024. Bumble anticipates Q1 revenue between $262-$268 million and full-year 2024 revenue growth of 8%-11%. Shares dropped 6.68% after-hours to $12.30.

Portfolio Pulse from Erica Kollmann

February 27, 2024 | 9:33 pm

Park Hotels & Resorts projects its FY24 Adjusted Funds From Operations (FFO) per share to be in the range of $2.02-$2.22, aligning closely with the estimated $2.10.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 9:32 pm

SPCE

Virgin Galactic Holdings (NYSE:SPCE) reported its Q4 financial results, revealing a revenue miss and an EPS beat. The company announced a Q4 net loss of $104 million, an improvement from the previous year. Full-year revenue for 2023 was $7 million, driven by commercial spaceflights and membership fees. Virgin Galactic ended Q4 with $982 million in cash and expects Q1 revenue of around $2 million with a free cash flow loss between $125 million and $135 million. The company's Galactic 07 spaceflight is scheduled for Q2 2023, and its spaceship factory in Arizona is set to open in mid-2024, with Delta Class spaceship production on track for 2026.

Portfolio Pulse from Chris Katje

February 27, 2024 | 9:32 pm

CPNG

EEIQ

FRSX

LAZR

URBN

In Tuesday's after-market session, several consumer discretionary stocks showed notable movements. EpicQuest Education Group (EEIQ) and Foresight Autonomous (FRSX) were among the top gainers, while Interactive Strength (TRNR) and Luminar Technologies (LAZR) led the losers. Notably, companies like Coupang (CPNG), Luminar Technologies (LAZR), Urban Outfitters (URBN), Lincoln Educational Servs (LINC), and Big 5 Sporting Goods (BGFV) released their Q4 earnings, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 9:31 pm

AGL

LEXX

RBOT

In Tuesday's after-market session, several healthcare stocks showed notable movements. Lexaria Bioscience, China Pharma Holding, Ventyx Biosciences, Agilent Technologies, Compass Therapeutics, and BioXcel Therapeutics were among the gainers, with increases ranging from 5.12% to 10.0%. On the downside, Vicarious Surgical, Agilon Health, Recursion Pharmaceuticals, Progyny, Inogen, and Venus Concept experienced declines between 7.42% and 24.1%. Notably, Agilent Technologies reported Q1 earnings, while Agilon Health, Recursion Pharmaceuticals, Progyny, and Inogen released their Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 9:31 pm

RVLV

Revolve Group (RVLV) reported Q4 2023 earnings of $0.05 per share, surpassing the $0.02 estimate, a 150% beat. Sales reached $257.78M, exceeding the $246.38M forecast by 4.63%. However, this represents a 54.55% decrease in earnings per share and a 0.53% drop in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 9:31 pm

ARRY

AXON

KITT

NEOV

STRC

VIEW

In Tuesday's after-market session, several industrials stocks saw significant movements. Nauticus Robotics and NeoVolta were among the top gainers, while Sarcos Technology and View experienced notable declines. Axon Enterprise and Array Technologies reported their Q4 earnings, influencing their stock prices.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 9:31 pm

XP Inc. reported a 29% year-over-year increase in Q4 gross revenue, reaching R$4.3 billion. Additionally, the company's total client assets saw a 19% increase compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 9:31 pm

AMBA

JAMF

PRST

In Tuesday's after-market session, several information technology stocks showed significant movement. Presto Automation (PRST) led the gainers with a 31.0% increase, while Jamf Holding (JAMF) experienced the largest drop among the losers, decreasing by 12.4%. Notably, Ambarella (AMBA) and Brightcove (BCOV) reported their Q4 earnings, influencing their stock prices positively.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 9:31 pm