Streetbeat News

Earnings

KDP

Keurig Dr Pepper Inc. (NASDAQ:KDP) shares fell after reporting Q4 results. While adjusted EPS of 55 cents exceeded expectations, revenues of $3.867 billion slightly missed forecasts. The company saw a 1.7% year-over-year increase in net sales, with US Refreshment Beverages net sales up 6.8%. However, U.S. Coffee net sales dropped 9.9%. International sales rose 11.5%, and adjusted operating income grew 6.5%. Keurig projects mid-single-digit net sales growth and high-single-digit EPS growth in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

February 22, 2024 | 4:29 pm

HLMN

Hillman Solutions shares are trading higher following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:29 pm

WEAV

Weave Communications shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:28 pm

MGPI

MGP Ingredients shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:24 pm

MOS

Mosaic (MOS) reported during a conference call that adverse weather conditions in Brazil have temporarily slowed demand for their products. However, they are observing early signs of demand recovery and an uptick in potash prices. The company anticipates the fertilizer market to reach or approach peak shipment levels by 2024.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:21 pm

IBP

Installed Building Products (IBP) shares surged following the announcement of better-than-expected Q4 financial results and the authorization of a $300 million stock repurchase program.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:20 pm

MOS

During a conference call, the CEO of Mosaic (MOS) indicated that there are early signs of an increase in potash prices. This could signal a positive outlook for the company's future revenue and profitability, given its role in the potash industry.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:20 pm

LNTH

Lantheus Holdings' shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided optimistic revenue guidance for Q1 and the full year 2024, both surpassing analysts' forecasts.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:14 pm

LKQ

LKQ Corp reported a 16.6% year-over-year sales growth in Q4 fiscal 2023, reaching $3.50 billion but slightly missing the consensus of $3.51 billion. Parts and services organic revenue grew by 2.8%. The company saw a contraction in gross margin and operating income, but adjusted EPS improved to $0.84, beating the consensus. LKQ declared a quarterly dividend of $0.30 per share and repurchased shares. The 2024 outlook includes an adjusted EPS of $3.90-$4.20 and organic revenue growth of 3.5% - 5.5%. LKQ shares rose 3.3% to $51.99.

Portfolio Pulse from Akanksha Bakshi

February 22, 2024 | 4:11 pm

MRNA

Moderna Inc (NASDAQ:MRNA) reported Q4 2023 revenues of $2.81 billion from its COVID-19 vaccine, Spikevax, surpassing the $2.49 billion consensus. Despite a 43% Y/Y decline in net product sales to $2.8 billion due to lower sales volume, the company achieved a quarterly profit with an EPS of $0.55, beating the $(0.97) consensus. Moderna's market share in the U.S. retail segment for the COVID vaccine increased to 48% in fall 2023. The company also anticipates initial regulatory approvals for its RSV vaccine in the first half of 2024 and expects $4 billion in revenue from its respiratory franchise in 2024.

Portfolio Pulse from Vandana Singh

February 22, 2024 | 4:11 pm