Streetbeat News

Earnings

IOSP

Innospec (NASDAQ:IOSP) reported Q4 earnings of $1.84 per share, surpassing the $1.62 estimate, marking a 53.33% increase from last year. Sales reached $494.70M, beating the $479.47M estimate but showing a 3.13% decrease from the previous year.

Portfolio Pulse from Happy Mohamed

February 13, 2024 | 10:02 pm

FMAO

Farmers & Merchants (NASDAQ:FMAO) reported Q4 earnings of $0.41 per share, surpassing the analyst consensus estimate of $0.31 by 32.26%. However, this represents a 36.92% decrease from the $0.65 per share reported in the same period last year.

Portfolio Pulse from Happy Mohamed

February 13, 2024 | 9:58 pm

LYFT

During a conference call, Lyft's CFO corrected a previous press release, stating that the company's adjusted EBITDA margin expansion will be 50 basis points year-over-year in 2024, not the 500 basis points previously announced.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:58 pm

TYGO

Tigo Energy forecasts its Q1 2024 revenue to be between $9M and $14M, which is below the estimated $15.067M.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:56 pm

SMWB

Similarweb forecasts Q1 total revenue to be between $58.5M and $59M, surpassing the estimated $57.52M. Additionally, the company projects its FY24 revenue to range from $242M to $246M, exceeding the $239M estimate.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:56 pm

DAC

Danaos Corporation (NYSE:DAC) reported its Q4 earnings with an EPS of $6.99, missing the estimated $7.78 by 10.15%. Revenue decreased by $3.17 million compared to the same period last year. Despite missing EPS estimates last quarter, DAC's share price increased by 6.47% the following day. The company has shown varied performance in past quarters with both hits and misses on EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 9:55 pm

IVT

InvenTrust Properties Corp. (IVT) projects its 2024 Core Funds From Operations (FFO) to be in the range of $1.66 to $1.70.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:55 pm

MIR

Mirion Technologies forecasts its FY24 adjusted EPS to be between $0.37 and $0.42, compared to the estimated $0.39. The company also expects revenue growth of 5%-7% for the same period.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:54 pm

CART

Instacart (Maplebear Inc., NASDAQ:CART) reported Q4 earnings of 44 cents per share with revenue of $803 million, slightly missing analyst expectations by 0.15%. CEO Fidji Simo highlighted solid Q4 results and a strong position for 2024, announcing an additional $500 million for share repurchases, totaling $1 billion. The company also reduced its workforce by 250 to improve efficiency. Instacart anticipates 7% to 10% year-over-year growth in Q1 gross transaction value, projecting between $8 billion and $8.2 billion. After the announcement, Instacart shares rose 7.72% in after-hours trading to $30.00.

Portfolio Pulse from Erica Kollmann

February 13, 2024 | 9:53 pm

LYFT

Lyft has announced that in 2024, it expects to generate positive free cash flow for the first time in the company's history. The company also anticipates that roughly half of its adjusted EBITDA dollars will convert to free cash flow for the full year 2024.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:52 pm