Streetbeat News

Earnings

DBGI

Digital Brands Group, Inc. (DBGI) reaffirmed its 2024 revenue guidance of $27M-$30M, with internal free cash flow of $6M-$7M and EBITDA of $1.5M-$2.0M. The company also announced no equity offerings for 2024, highlighting the revenue scale achieved through the Sundry acquisition and a $1M reduction in operating costs. CEO Hil Davis emphasized the commitment to shareholder growth and the exploration of strategic alternatives to maximize shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:38 pm

JBLU

TDC

ZI

ZoomInfo Technologies Inc. (ZI) shares surged approximately 25% in pre-market trading after reporting Q4 earnings and sales that exceeded analyst expectations. The company also provided an optimistic fiscal year 2024 outlook. Other stocks showed significant movement in pre-market trading, with notable gainers including ARBB, FAMI, CHSN, DHAI, DDC, RNLX, BHIL, JBLU, and TRIP, and losers including GTHX, SIEN, BOF, POL, TWOU, MGIH, JYD, MLGO, JAN, and TDC.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 1:36 pm

ARBB

OMH

WCC

WESCO (WCC) shares dropped 16% after reporting Q4 FY23 earnings below expectations. Ohmyhome (OMH) surged 453% following an update on growth after acquiring Simply Sakal, reaching 6,746 units under management and over $2.7M in annual recurring revenue. Arb IOT Group (ARBB) shares increased 238% premarket after ARB Berhad disclosed a 28.38% stake in a 13G filing.

Portfolio Pulse from ryanfaloona@benzinga.com

February 13, 2024 | 1:36 pm

NTWK

NETSOL Technologies (NASDAQ:NTWK) reported a significant improvement in its Q2 earnings, posting EPS of $0.04, a 121.05% increase from a loss of $(0.19) per share YoY. Sales also rose by 22.98% to $15.24M from $12.39M YoY.

Portfolio Pulse from Happy Mohamed

February 13, 2024 | 1:31 pm

TWOU

2U, Inc. (NASDAQ:TWOU) shares dropped in premarket trading after reporting Q4 earnings and revenue that missed Wall Street estimates. The company's adjusted EPS was 48 cents, below the expected 64 cents, and revenue was $255.66 million, missing the forecast of $281.438 million. Despite an 8% revenue increase, the Alternative Credential Segment saw a 7% decrease. The company provided a weaker than expected outlook for Q1 and the full year 2024, projecting lower revenues and a net loss.

Portfolio Pulse from Nabaparna Bhattacharya

February 13, 2024 | 1:31 pm

ITIC

Investors Title (NASDAQ:ITIC) reported a decrease in Q4 earnings per share to $3.09 from $3.97 YoY and a sales decline to $53.68M from $65.49M YoY.

Portfolio Pulse from Happy Mohamed

February 13, 2024 | 1:30 pm

HAS

Hasbro Inc (NASDAQ:HAS) shares dropped after reporting a 23% Y/Y decline in Q4 FY23 sales to $1.289 billion, missing analyst estimates. The company saw a significant decrease in Consumer Products and Entertainment segment revenues, but an increase in Wizards of the Coast and Digital Gaming. Operating loss widened to $(1.20) billion, and adjusted EPS of $0.38 missed expectations. Despite reducing inventory and declaring a dividend, the outlook for FY24 includes further revenue declines across segments. Hasbro aims for mid-term gross savings of $750 million by 2025.

Portfolio Pulse from Lekha Gupta

February 13, 2024 | 1:15 pm

DNUT

Krispy Kreme's stock trades lower following mixed Q4 financial results and guidance below expectations.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:14 pm

ROIV

Roivant Sciences (NASDAQ:ROIV) reported Q3 2024 adjusted EPS of $(0.21), surpassing the $(0.32) estimate, with sales of $37.14M exceeding the $32.79M forecast. This represents a 117.80% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:12 pm

TGH

Textainer Group Holdings (TGH) reported a decrease in Q4 earnings per share to $1.13 from $1.38 YoY, and a sales decline to $190.83M from $202.91M YoY.

Portfolio Pulse from Happy Mohamed

February 13, 2024 | 1:11 pm