Streetbeat News

Earnings

IAS

Integral Ad Science Holding Corp. (NASDAQ:IAS) exceeded Q4 earnings and sales expectations, reporting GAAP earnings of 6 cents per share and quarterly sales of $134.29 million. The company anticipates Q1 revenue between $111 million and $113 million, below estimates of $119.7 million. Following the report, Raymond James and Oppenheimer adjusted their price targets and ratings for IAS. IAS shares rose 1.4% to close at $17.10.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 1:18 pm

GSAT

Globalstar projects its FY24 total revenue to be between $225M-$250M, which is below the estimated $251.5M. The company also forecasts an adjusted EBITDA margin of approximately 50%.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:16 pm

GSAT

Globalstar (GSAT) reported Q4 earnings with a loss of $(0.01) per share and sales of $52.41M, missing the consensus estimate of $52.87M by 0.87%. This represents a 26.88% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:15 pm

NAMS

NewAmsterdam Pharma (NAMS) reported a significant increase in its full-year 2023 net loss to $176.9 million, or $2.15 per share, from $11.5 million, or $1.19 per share in 2022. Revenue plummeted to $14.1 million from $102.7 million YoY, mainly due to a one-time payment from Menarini in 2022. The company's cash position also declined to $340.5 million from $467.7 million, attributed to increased R&D and SG&A expenses, despite a milestone payment from Menarini and cash from warrants and options.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:14 pm

NVAX

Novavax has projected its Q1 2024 revenue to be around $100M, significantly lower than the market consensus of $292.33M. This forecast suggests a substantial decrease in expected revenue, potentially impacting investor sentiment and the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:13 pm

SWX

Southwest Gas Holdings (SWX) reported Q4 sales of $702.22M, missing the analyst consensus estimate of $1.29B by 45.56%. This represents a 21.78% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:13 pm

SWX

Southwest Gas Holdings announced its plan to separate Centuri remains on track, providing forward-looking guidance for 2024 net income of $228-$238 million and capital expenditures of approximately $2.4 billion for 2024-2026. The utility rate base is expected to grow at a compound annual growth rate of 6.5%-7.5% during the same period.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:10 pm

NVAX

Novavax projects its full-year 2024 revenue to be between $800 million and $1 billion, aligning closely with the consensus estimate of $969.56 million. The company also anticipates its combined Research & Development (R&D) and Selling, General & Administrative (SG&A) expenses to range from $700 million to $800 million.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:09 pm

GLP

Global Partners President and CEO Eric Slifka announced the company begins 2024 with a strong balance sheet and cash flows, positioning it to continue executing its strategic priorities.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:08 pm

DOV

HOOD

SHAK

SIG

Insiders at Dover, Signet Jewelers, Shake Shack, and Robinhood have recently sold shares. Dover's CFO sold shares after a revenue decline report. Signet Jewelers is set to announce Q4 results soon. Shake Shack's director sold shares following positive Q4 results. Robinhood's Chief Brokerage Officer sold shares after reporting January operating data. Insider sales can indicate various strategic or personal reasons and should be considered as part of a broader investment decision-making process.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 1:07 pm