Streetbeat News

Earnings

LCID

Lucid Group Inc (NASDAQ:LCID) shares fell after reporting Q4 revenue of $157.2 million, missing estimates of $179.88 million, but beating EPS estimates with a loss of 29 cents per share. The company produced 2,391 vehicles and delivered 1,734 in Q4, ending with $4.78 billion in liquidity. Lucid aims for 9,000 vehicle production in the full year and confirmed production timelines for its Gravity SUV and a midsize platform. Following the results, Cantor Fitzgerald downgraded Lucid from Neutral to Underweight, reducing the price target from $6 to $4.

Portfolio Pulse from Adam Eckert

February 22, 2024 | 1:52 pm

COSM

CTHR

INM

RZLT

Insiders at Rezolute, Cosmos Health, InMed Pharmaceuticals, and Charles & Colvard have recently made significant stock purchases. These transactions indicate insider confidence in the companies' prospects. Rezolute reported a narrower-than-expected quarterly loss, Cosmos Health completed an AI platform acquisition, InMed Pharmaceuticals selected a lead Alzheimer's drug candidate, and Charles & Colvard reported a quarterly loss.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 1:51 pm

NVDA

Nvidia Corp (NASDAQ:NVDA) shares surged to new all-time highs after reporting Q4 earnings and revenue that exceeded expectations, along with strong future guidance. The company announced a 265% increase in total revenue, with significant growth in data center and gaming revenues, while automotive revenue slightly declined. CEO Jensen Huang highlighted the impact of accelerated computing and generative AI, predicting that every enterprise will eventually use Nvidia's AI enterprise software.

Portfolio Pulse from Adam Eckert

February 22, 2024 | 1:50 pm

AERT

Aeries Technology (NASDAQ:AERT) reported a Q3 loss of $(1.08) per share with sales reaching $18.90M, marking a 48.90% increase from $12.69M in the same period last year.

Portfolio Pulse from saritha@benzinga.com

February 22, 2024 | 1:46 pm

MFA

MFA Financial (MFA) reported Q4 2023 adjusted EPS of $0.49, surpassing the $0.38 estimate, but its sales of $46.46M fell short of the $53.92M estimate, marking a 16.51% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:43 pm

GHI

Greystone Housing Impact (NYSE:GHI) reported Q4 earnings of $0.24 per share, missing the consensus estimate of $0.74 by 67.57%. Quarterly sales were $25.18M, missing the estimate of $29.40M by 14.34%. Despite the misses, both earnings and sales showed significant increases from the previous year.

Portfolio Pulse from saritha@benzinga.com

February 22, 2024 | 1:42 pm

ANGI

IAC

MAX

As of Feb. 22, 2024, MediaAlpha, Inc. (MAX), IAC Inc. (IAC), and Angi Inc. (ANGI) are identified as overbought in the tech and telecom sector based on their RSI values, indicating potential short-term performance concerns. MediaAlpha's recent financial results exceeded expectations, particularly in the P&C insurance vertical, leading to a significant stock price increase. IAC reported a profit for its fourth quarter, and Angi also reported better-than-expected EPS results for the same period.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 1:42 pm

DTE

NEE

SRE

Wall Street's most accurate analysts have provided their views on three utilities stocks with over 3% dividend yields: Sempra (SRE), NextEra Energy (NEE), and DTE Energy (DTE). These stocks are highlighted for their high dividend yields and recent analyst ratings, including upgrades, downgrades, and price target adjustments. Sempra will report Q4 earnings on Feb. 27, 2024, while NextEra Energy and DTE Energy have posted better-than-expected quarterly results.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 1:42 pm

OWLT

Owlet, Inc. reported preliminary Q4 2023 revenue of $21 million, slightly below the estimated $21.160 million.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:42 pm

NVDA

NVIDIA's stock price increased following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided Q1 2025 revenue guidance that surpassed estimates.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:40 pm