Streetbeat News

Earnings

MELI

MercadoLibre, Inc. (NASDAQ:MELI) reported mixed Q4 results with earnings per share of $3.25, unchanged from last year, and quarterly sales of $4.26 billion, surpassing analyst expectations. The company highlighted significant growth in its Ads platform and fulfillment network, emphasizing its strategic investments in technology and market positioning in Latin America. Despite these positive developments, MELI shares dropped 8.69% in after-hours trading.

Portfolio Pulse from Erica Kollmann

February 22, 2024 | 10:18 pm

OII

Oceaneering International (OII) reported Q4 2023 earnings of $0.19 per share, missing the $0.25 estimate, but sales of $654.63M exceeded the $627.44M estimate. Earnings per share increased by 216.67% and sales by 22.08% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:18 pm

VCYT

Veracyte projects its FY24 revenue to be between $394M and $402M, slightly above the estimated $393.285M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:18 pm

AAOI

Applied Optoelectronics anticipates a significant decrease in its Q1 2024 adjusted EPS, forecasting a range of $(0.33)-$(0.28) compared to the $(0.01) estimate. Additionally, the company expects its revenue to be between $41M-$46M, which is substantially lower than the estimated $66.180M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:16 pm

AMSWA

American Software projects its FY24 revenue to be between $100M and $104M, which is around the analyst estimate of $102.176M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:13 pm

ONTF

ON24 projects its FY24 total revenue to be between $143M-$147M, slightly below the estimated $147.399M. The company also forecasts an adjusted EPS of $0.02-$0.05, aligning with the lower end of the estimated $0.05.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:13 pm

CTO

CTO Realty Growth projects its FY24 Core FFO to be in the range of $1.56-$1.64, compared to the estimated $1.58. This forecast suggests a potential for performance that aligns closely with current expectations.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:12 pm

ONTF

ON24 projects its Q1 total revenue to be between $36.5M and $37.5M, surpassing the estimated $36.16M. The company also forecasts its adjusted EPS to range from $(0.02) to $0.00, aligning with the estimated $(0.02).

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:11 pm

LAW

CS DISCO, a legal technology company, has provided its revenue forecast for FY24, projecting revenues to be in the range of $143M-$155M. This projection falls below the estimated revenue of $153.302M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:10 pm

SWN

Southwestern Energy (NYSE:SWN) reported Q4 earnings of $0.17 per share, surpassing the $0.13 estimate, and sales of $1.69B, exceeding the $1.30B estimate. However, this represents a 34.62% decrease in earnings and a 49.94% decrease in sales from the same period last year.

Portfolio Pulse from Happy Mohamed

February 22, 2024 | 10:10 pm