Streetbeat News

Earnings

QMCO

Quantum Corporation (NASDAQ:QMCO) announced a delay in filing its Form 10-Q for Q4 2023 due to re-evaluating its application of Standalone Selling Price under ASC Topic 606. This has led to non-compliance with Nasdaq Listing Rule 5250(c)(1), receiving a notice from Nasdaq. Quantum aims to complete its assessment by March 31, 2024, and has disclosed unaudited cash and debt balances as of December 31, 2023.

Portfolio Pulse from Happy Mohamed

February 14, 2024 | 9:42 pm

PEGA

Pegasystems Inc. shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided an optimistic forecast for FY24, with both EPS and revenue projections surpassing analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:42 pm

INFA

Informatica has provided its revenue expectations for Q1 and FY24, projecting GAAP total revenues of $375M-$395M for Q1, slightly above the estimate of $388.707M, and $1.685B-$1.705B for FY24, also above the estimate of $1.679B.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:41 pm

KTRA

Kintara Therapeutics (NASDAQ:KTRA) reported a significant improvement in its Q2 earnings, with losses narrowing to $(0.24) per share from $(2.10) per share YoY, marking an 88.57% increase in performance.

Portfolio Pulse from Happy Mohamed

February 14, 2024 | 9:40 pm

ATEX

Anterix reported Q3 2024 GAAP EPS of $0.02, surpassing the $(0.53) estimate, with sales of $1.27M beating the $1.03M estimate, marking a 119.90% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:40 pm

ATEX

Anterix (NASDAQ:ATEX) reported Q3 earnings with an EPS of $0.02, significantly beating the estimated -$0.62 and showing a revenue increase of $693k from the previous year. This follows a pattern of surpassing EPS estimates in recent quarters, with the last quarter's beat leading to a 9.26% share price increase the next day.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 9:40 pm

CF

CF Industries Holdings (NYSE:CF) reported Q4 earnings with an EPS of $1.44, missing estimates by 8.28% and showing a revenue decrease of $1.04 billion from the previous year. Despite past earnings misses, the company's share price increased the day after last quarter's earnings announcement.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 9:40 pm

UDMY

Udemy's stock price has decreased following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:38 pm

BRK

OXY

Occidental Petroleum reported Q4 earnings per share of 74 cents, beating estimates of 71 cents. The company saw a decrease in pre-tax income for its oil and gas segment but increased its quarterly dividend by 22%. Occidental also highlighted its acquisitions of CrownRock and Carbon Engineering as part of its growth and low-carbon initiatives. Warren Buffett's Berkshire Hathaway has increased its stake in Occidental.

Portfolio Pulse from Chris Katje

February 14, 2024 | 9:38 pm

ATER

Aterian has updated its Q4 net revenue outlook to $31.2M-$32M, up from the previously forecasted $28M-$32M, surpassing the estimated $28.58M. The company also improved its adjusted EBITDA loss forecast for the same period, now expecting a loss between $(6.3)M and $(5.5)M, an improvement from the previously expected range of $(6.5)M to $(7.5)M. Additionally, Aterian is on target for achieving adjusted EBITDA profitability in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:37 pm