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Earnings

BOTZ

NVDA

SMH

VTI

XLK

NVIDIA Corp's (NVDA) shares surged over 15% following a quarterly earnings report that exceeded expectations, highlighting its strategic position in the AI technology sector. This success not only boosted NVIDIA's market cap significantly but also positively impacted related tech companies and ETFs. Companies like Meta Platforms Inc (META), Alphabet Inc (GOOG, GOOGL), Microsoft Corp (MSFT), Amazon.com Inc (AMZN), Taiwan Semiconductor Mfg. Co. Ltd. (TSM), Super Micro Computer Inc (SMCI), Advanced Micro Devices, Inc. (AMD), and others saw varying degrees of stock price movements. ETFs with significant NVIDIA holdings, such as Technology Select Sector SPDR Fund (XLK), Global X Robotics and Artificial Intelligence ETF (BOTZ), VanEck Semiconductor ETF (SMH), and Vanguard Total Stock Market Index Fund ETF (VTI), also experienced gains.

Portfolio Pulse from Natan Ponieman

February 22, 2024 | 9:43 pm

BOOM

DMC Global projects its Q1 2024 revenue to be in the range of $168 million to $178 million, compared to the estimated $170.567 million.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:43 pm

MELI

MercadoLibre's stock is trading lower following the announcement of its Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:43 pm

PLYA

Playa Hotels & Resorts (NASDAQ:PLYA) reported Q4 2023 adjusted EPS of $0.04, surpassing the $0.02 estimate, with sales of $242.52M exceeding the $223.15M forecast. This represents a 69.23% decrease in EPS and a 15.05% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:42 pm

ONTF

ON24 (NYSE:ONTF) reported Q4 2023 earnings of $0.06 per share, surpassing the $0.01 estimate by 500%. Sales reached $39.34M, beating the $37.25M estimate by 5.59%, but marking a 15.53% decrease from the previous year's $46.57M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:41 pm

MRVI

Maravai LifeSciences projects its FY24 revenue to be between $265M and $285M, surpassing the estimated $261.033M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:41 pm

ZIP

ZipRecruiter's Q4 2023 earnings report showed a GAAP EPS of $0.05, missing the $0.08 estimate, and sales of $135.92M, beating the $128.32M estimate. However, both earnings and sales saw significant decreases from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:41 pm

CHUY

Chuy's Holdings has provided an adjusted EPS forecast for 2024 in the range of $1.82-$1.87, which is below the estimated $1.93.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:41 pm

CVNA

Carvana Co (NYSE:CVNA) reported Q4 earnings with revenue of $2.424 billion, missing estimates of $2.528 billion, and a loss of $1 per share, below the expected loss of 88 cents. The company sold 76,090 vehicles in Q4 and 312,847 for the full year, with a gross profit per vehicle of $5,984 in 2023, up from the previous year. CEO Ernie Garcia highlighted 2023 as an exceptional year with significant business improvements and increased customer NPS. Carvana expects Q1 retail units sold to slightly increase year-over-year and anticipates Q1 adjusted EBITDA significantly above $100 million. Shares were up 16.3% after hours at $61.60.

Portfolio Pulse from Adam Eckert

February 22, 2024 | 9:40 pm

UVE

Universal Insurance Holdings (NYSE:UVE) reported Q4 earnings, surpassing estimates with an EPS of $0.43 against the expected $0.25, marking a 72.0% beat. Revenue increased by $45.10 million year-over-year. Despite beating last quarter's EPS estimate, UVE's share price dropped by 2.76% the following day. The company has shown consistent revenue growth over the past four quarters.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 9:40 pm