Streetbeat News

Earnings

MED

Medifast shares are trading lower following the company's announcement of weak guidance for future performance.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:04 pm

AMPL

Amplitude's shares dropped following mixed Q4 financial results and the issuance of weak guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:03 pm

CYH

Community Health Systems' shares declined following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:01 pm

ADTN

Adtran Holdings has announced a restatement of its financial results for Q1 2023 through Q3 2023, due to issues related to minority shareholders of Adtran Networks SE and the reported net loss and loss per common share.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:00 pm

RNG

RingCentral's shares dropped following the company's announcement of Q1 and FY24 revenue guidance, along with Q1 adjusted EPS guidance, which were all below market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:00 pm

AIP

Arteris projects its Q1 revenue to be between $12.1M and $13.1M, closely aligning with the estimated $12.63M. For the fiscal year 2024, the company anticipates revenues to range from $54.5M to $57.5M, slightly below the estimated $55.7M.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:59 pm

UUU

Universal Security (AMEX:UUU) reported a significant decrease in both earnings and sales for Q3, with EPS dropping to $0.04 from $0.15 YoY and sales falling to $4.66M from $5.76M YoY.

Portfolio Pulse from Happy Mohamed

February 20, 2024 | 9:58 pm

FANG

Diamondback Energy, Inc. (NASDAQ:FANG) reported Q4 earnings surpassing analyst expectations with adjusted earnings of $4.74 per share and quarterly sales of $2.23 billion. The company also exceeded its production guidance and announced significant returns to stockholders including dividends and share repurchases. Diamondback expects full-year 2024 oil production of between 270 and 275 MBO/D and capital expenditures of between $2.3 billion and $2.55 billion.

Portfolio Pulse from Erica Kollmann

February 20, 2024 | 9:57 pm

WK

Workiva projects its full-year 2024 total revenue to be between $718M-$722M, which is below the estimated $731.727M. The company also forecasts its adjusted EPS to range from $0.56 to $0.63, lower than the expected $0.80.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:56 pm

SPT

Sprout Social's shares declined following the announcement of its Q4 financial results and future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:55 pm