Streetbeat News

Earnings

ITRI

Itron (NASDAQ:ITRI) reported Q4 adjusted EPS of $1.23, surpassing the $0.75 estimate, and sales of $577.17M, exceeding the $570.23M estimate. This represents a 73.24% increase in earnings and a 23.46% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:31 pm

KRYS

Krystal Biotech shares are trading higher following the announcement of financial results that exceeded expectations.

Portfolio Pulse from Luke J Jacobi

February 26, 2024 | 1:29 pm

FRPT

Freshpet shares surged following the announcement of their financial results for 2024, which exceeded market expectations.

Portfolio Pulse from Luke J Jacobi

February 26, 2024 | 1:25 pm

SQNS

Sequans Communications S.A. (NYSE:SQNS) announced the termination of a Memorandum of Understanding with Renesas, which had proposed a tender offer for all Sequans' shares. Despite this, Sequans remains optimistic about its future, citing strong customer relationships, technological capabilities, and a growing revenue pipeline. The company is exploring strategic options and will provide a business outlook during its Q4 and full-year 2023 earnings call on March 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:24 pm

WFC

Wells Fargo CFO Mike Santomassimo noted the resilience of the consumer sector but anticipates some deterioration in credit in the future, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:21 pm

ONDS

Ondas Holdings has announced its preliminary financial results for FY23, reporting a revenue of $15.7 million, which surpasses the estimated $14.989 million.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:19 pm

COST

FRPT

WMT

As of Feb. 26, 2024, Freshpet, Inc. (FRPT), Walmart Inc. (WMT), and Costco Wholesale Corporation (COST) in the consumer staples sector are considered overbought based on their RSI values, indicating potential short-term performance concerns. Freshpet's recent earnings beat and Walmart's Q4 FY24 sales growth have contributed to their stock gains, while Costco's January sales increase supports its positive momentum.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 1:18 pm

KRYS

Krystal Biotech reported Q4 earnings of $0.30 per share, surpassing the $(0.39) estimate, marking a 124% increase from last year's $(1.25) per share loss. Q4 sales reached $42.14M, exceeding the $28.61M estimate by 47.30%.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:12 pm

T

AT&T Inc (NYSE:T) announced a $5 credit for customers affected by a nationwide network outage last week, excluding business accounts and prepaid services like Cricket Wireless. CEO John Stankey stated the cost is manageable and won't affect 2024 goals or financial guidance. The outage, caused by an incorrect process during network expansion, prompted an FCC investigation. Despite the disruption, AT&T's Q4 2023 revenues were up 2.2% YOY, and shares rose 0.12% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 26, 2024 | 1:12 pm

GILT

Gilat Satellite Networks Ltd (NASDAQ:GILT) reported a 4% year-on-year revenue growth for Q4 fiscal 2023, reaching $75.61 million but missing the consensus estimate of $75.99 million. Adjusted EPS was $0.11, beating the consensus of $0.07. The company concluded the acquisition of DataPath, aiming for long-term growth in the defense sector. Gilat expects FY24 revenue of $305 million-$325 million, above the consensus of $291.62 million. GILT shares were down 1.26% to $6.25 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 26, 2024 | 1:11 pm