Streetbeat News

Earnings

DMTK

DermTech (NASDAQ:DMTK) reported Q4 2023 earnings with a smaller than expected loss per share of $(0.560) compared to the $(0.570) estimate but missed revenue estimates with $3.924M against the expected $4.044M. Year-over-year, sales increased by 31.06% from $2.994M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:02 pm

ADSK

Autodesk (NASDAQ:ADSK) reported Q4 earnings of $2.09 per share, surpassing the $1.95 estimate, marking a 12.37% increase from last year. Sales reached $1.47B, exceeding the $1.43B estimate, up 11.46% from the previous year.

Portfolio Pulse from Happy Mohamed

February 29, 2024 | 9:01 pm

NTAP

NetApp reported Q3 2024 adjusted EPS of $1.940, surpassing the $1.690 estimate, with sales of $1.610B also beating the $1.591B estimate. This represents a 5.50% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:01 pm

BAND

In the latest quarter, 4 analysts provided mixed ratings for Bandwidth (NASDAQ:BAND), with an average 12-month price target of $24.25, reflecting a 12.79% increase from the previous target. The company's financial performance shows a revenue growth rate of 2.49% as of September 30, 2023, a net margin of -3.37%, an ROE of -1.79%, an ROA of -0.52%, and a debt-to-equity ratio of 2.31, indicating strong profitability, effective cost management, and a sound financial structure.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 9:01 pm

NFLX

Netflix Inc (NASDAQ:NFLX) has seen a resurgence, reclaiming its position in the streaming industry, partly due to its ad tier rollout, password crackdown, layoffs, and cost-cutting measures. Despite a hiring slowdown, Netflix offers competitive salaries ranging from $72,000 to $1 million, based on nearly 650 work-visa applications. Unlike other tech giants, Netflix doesn't provide performance bonuses but allows employees to choose their compensation mix between cash and stock. Netflix's stock fell 51% in 2022 but rose 65% last year and continues to perform well in 2024.

Portfolio Pulse from Adam Eckert

February 29, 2024 | 8:33 pm

ACLX

Arcellx (NASDAQ:ACLX) reported a significant increase in its Q4 earnings, with EPS at $0.42, up from a loss of $(0.76) YoY. Sales for the quarter were $63.15M.

Portfolio Pulse from Happy Mohamed

February 29, 2024 | 8:28 pm

LYEL

Lyell Immunopharma (NASDAQ:LYEL) reported Q4 adjusted EPS of $(0.17), surpassing the $(0.23) estimate, but saw a significant YoY sales drop to $13.00K from $48.39M.

Portfolio Pulse from Happy Mohamed

February 29, 2024 | 8:27 pm

MRUS

Merus (NASDAQ:MRUS) reported Q4 adjusted EPS of $(1.09), missing the $(0.74) estimate, and sales of $8.94M, missing the $10.13M estimate. This represents a 39.78% increase in losses per share and a 16.19% decrease in sales from the same period last year.

Portfolio Pulse from Happy Mohamed

February 29, 2024 | 8:26 pm

LEV

Lion Electric Company (NYSE:LEV) reported Q4 2023 earnings with revenue of $60.4 million, below the consensus of $89.99 million, and a wider net loss of $(56.5) million compared to $(4.6) million in Q4 2022. The company delivered 188 units in the quarter, up from 174 units a year ago, and has over 1,850 vehicles on the road. The order book stands at 2,076 vehicles and 132 charging stations, with a combined value of approximately $504 million. LEV shares fell 15.3% to $1.42.

Portfolio Pulse from Vandana Singh

February 29, 2024 | 7:33 pm

RTX

High-rolling investors have shown a split sentiment on RTX (NYSE:RTX), with 50% bullish and 50% bearish, as per Benzinga's tracking of options data. A notable pattern emerged with 8 options trades, including 7 calls totaling $405,246 and 1 put for $29,670. The trades suggest a target price range for RTX between $70.0 and $95.0. RTX's current market status shows a 0.77% increase in stock price to $90.61, with indicators suggesting it may be approaching oversold. The next earnings report is expected in 54 days.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 7:32 pm