Streetbeat News

Earnings

ISPR

Ispire Technology (NASDAQ:ISPR) reported Q2 earnings with a loss of $(0.07) per share, missing the $0.01 estimate by 800%. Year-over-year, this represents a 600% increase in losses from $(0.01) per share. Quarterly sales were $41.69M, missing the $48.00M estimate by 13.15%, but marking a 30.69% increase from $31.90M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:06 pm

VZIO

WMT

Walmart's Q4 earnings surpassed expectations with an adjusted EPS of $1.80, beating both analyst Kate McShane and Wall Street estimates. U.S. same-store sales rose by 4.0%, driven by increased traffic. The company also announced the acquisition of VIZIO Holding Corp for $2.3 billion to enhance Walmart Connect's growth. Walmart initiated 2024 guidance with adjusted EPS of $6.70-7.12 and net sales growth of +3.0-4.0%, aligning with or slightly surpassing estimates. Goldman Sachs analyst Kate McShane reiterated a Buy rating on Walmart with a $180 price target, expecting the stock to rise.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 10:48 pm

OR

Osisko Gold Royalties (NYSE:OR) reported Q4 adjusted EPS of $0.12, surpassing the $0.10 estimate, but missed sales estimates with $47.88M against the expected $48.56M. This represents a 14.29% decrease in earnings per share compared to last year, but a 3.87% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:40 pm

SUI

Sun Communities projects its 2024 Core FFO (Funds From Operations) per share to be in the range of $7.04-$7.24, aligning closely with the estimated $7.17.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:31 pm

SUI

Sun Communities (NYSE:SUI) reported Q4 Core FFO per share of $1.34, surpassing the $1.32 estimate, and sales of $726.70M, exceeding the $669.20M estimate. This represents a 0.75% increase in Core FFO per share and a 7.77% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:30 pm

WGS

GeneDx Holdings (WGS) reported Q4 adjusted EPS of $(0.69), surpassing the $(0.75) estimate, and sales of $57.42M, exceeding the $55.43M estimate. This represents a significant improvement in losses compared to the same period last year, but a slight decrease in sales.

Portfolio Pulse from mahesh@benzinga.com

February 20, 2024 | 10:26 pm

CRWD

PANW

S

ZS

Shares of CrowdStrike, Zscaler, and SentinelOne fell in after-hours trading due to Palo Alto Networks' weak guidance. Palo Alto's forecast for Q3 revenue and adjusted earnings per share fell below analyst estimates, as did its full-year 2024 revenue and earnings projections. This has caused a ripple effect in the cybersecurity sector, with stocks that have yet to report earnings experiencing the most significant drops. CrowdStrike, Zscaler, and SentinelOne are scheduled to report their earnings soon.

Portfolio Pulse from Adam Eckert

February 20, 2024 | 10:19 pm

TRTX

TPG RE Finance Trust (TRTX) reported Q4 2023 adjusted EPS of $(2.05), significantly missing the $(0.17) estimate. However, their sales of $31.49M exceeded the $24.73M estimate, marking a 12.51% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:17 pm

UAN

CVR Partners reported a significant decrease in both earnings per share and sales for Q4, with EPS dropping to $0.94 from $9.02 YoY and sales falling to $141.62M from $212.23M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:17 pm

CVI

CVR Energy (NYSE:CVI) reported Q4 adjusted EPS of $0.65, surpassing the $0.34 estimate, but its sales of $2.20B fell short of the $2.26B estimate. This represents a 61.31% decrease in earnings and a 17.81% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:10 pm