Streetbeat News

Earnings

RKT

Rocket Companies, Inc. (NYSE:RKT) reported Q4 financial results surpassing analyst expectations with adjusted earnings of zero cents per share, beating the forecasted 4 cent loss, and a 29.58% increase in adjusted sales to $885 million. The company highlighted its use of AI and automation in improving operational efficiency and forecasts Q1 adjusted revenue between $925 million and $1.075 billion. Shares rose 5.65% after-hours.

Portfolio Pulse from Erica Kollmann

February 22, 2024 | 9:34 pm

MRIN

Marin Software reported a Q4 adjusted loss of $(0.08) per share, improving from $(0.25) YoY. However, sales decreased to $4.35M from $5.16M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:34 pm

SMSI

Smith Micro Software (SMSI) reported Q4 adjusted EPS of $(0.02), meeting analyst estimates but reported sales of $8.59M, missing the $8.84M estimate. This represents a 75% decrease in losses per share and a 24.66% decrease in sales compared to the same period last year.

Portfolio Pulse from saritha@benzinga.com

February 22, 2024 | 9:34 pm

RKT

Rocket Companies has projected its Q1 adjusted revenue to be between $925 million and $1.075 billion, which is in line with the estimated $929.87 million.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:34 pm

MAIN

Main Street Capital (NYSE:MAIN) reported Q4 2023 adjusted EPS of $1.12, surpassing the $1.03 estimate, with sales of $129.31M also beating the $125.68M estimate. This represents a 13.55% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:34 pm

AEE

Ameren has projected its FY24 earnings per share (EPS) to be in the range of $4.52-$4.72, which compares to the estimated $4.57.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:33 pm

EIX

Edison Intl (NYSE:EIX) reported Q4 earnings of $1.28 per share, surpassing the $1.16 estimate, marking an 11.3% increase from last year. However, their quarterly sales of $3.71B fell short of the $4.09B estimate, a 7.72% decrease from the previous year.

Portfolio Pulse from Happy Mohamed

February 22, 2024 | 9:32 pm

COLL

Collegium Pharmaceutical reported Q4 2023 adjusted EPS of $1.58, surpassing the $0.66 estimate, with sales of $149.75M exceeding the $147.82M forecast. This represents a 15.53% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:32 pm

NE

Noble Corporation projects its FY24 total revenue to be in the range of $2.55B-$2.70B, which is below the estimated $2.78B.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:31 pm

AEE

Ameren reported Q4 2023 earnings of $0.60 per share, missing the consensus estimate of $0.61. Quarterly sales were $1.62 billion, below the $2.03 billion estimate, marking a 20.92% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:31 pm