Streetbeat News

Earnings

THS

TreeHouse Foods, Inc. (NYSE:THS) shares dropped after reporting mixed Q4 results and a FY24 outlook below expectations. The company's Q4 adjusted EPS was above consensus, but net sales missed estimates and decreased by 4.8% due to supply chain disruptions. Adjusted EBITDA and gross profit percentage also declined. TreeHouse Foods repurchased 1.2 million shares in Q4. The FY24 revenue outlook is below analyst estimates, attributed to efforts to restart a broth facility.

Portfolio Pulse from Nabaparna Bhattacharya

February 16, 2024 | 2:28 pm

BLZE

Backblaze 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 fiscal year 2024, surpassing analysts' forecasts.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 2:28 pm

CPS

Cooper-Standard Holdings reported disappointing Q4 financial results and provided FY24 revenue guidance that fell short of expectations, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 2:23 pm

TRUP

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

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 2:22 pm

POR

Portland General Electric's shares increased following the announcement of its Q4 financial results and the issuance of FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 2:20 pm

USM

United States Cellular (USM) shares are trading lower following the release of their Q4 financial results and the issuance of FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 2:14 pm

AMN

AMN Healthcare Services reported Q4 financial results and issued Q1 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 2:09 pm

TXRH

Texas Roadhouse shares surged following the announcement of better-than-expected Q4 GAAP EPS results. Additionally, Wedbush and Stephens & Co have increased their price targets for the stock, signaling a positive outlook from analysts.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 2:08 pm

AMN

AMN Healthcare Services projects Q1 2024 revenue to be between $810M-$830M, below the estimated $835.02M. The company anticipates a significant year-over-year decline in revenue, with the Nurse and Allied Solutions segment expected to decrease by 36-38%, while the Physician and Leadership Solutions segment is projected to grow by 11-14%. The Technology and Workforce Solutions segment is expected to see an 18-20% decline. Other financial metrics include a gross margin of 31.0%-31.5%, operating margin of 4.2%-4.9%, and an adjusted EBITDA margin of 11.2%-11.7%.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 2:08 pm

COIN

MSTR

SPY

YELP

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin surged amid increased US demand. MicroStrategy's potential S&P 500 inclusion could broaden Bitcoin's reach. Dogecoin's co-creator disclosed minimal Bitcoin holdings. Cathie Wood praised Coinbase's timing and execution after selling shares. Coinbase is named custodian in multiple Ethereum ETF applications, seen as beneficial for the company. Yelp, Roku, and Dropbox stocks moved lower in pre-market trading. S&P 500 hit a record high, reflecting improved investor optimism. Political and economic events also influenced market sentiments.

Portfolio Pulse from Akanksha Bakshi

February 16, 2024 | 2:08 pm