Streetbeat News

Earnings

SPY

The PCE Prices for Q4 showed an increase of 1.8%, slightly above the estimated 1.7%. This indicates a higher than expected inflation rate.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:31 pm

ALTM

LZM

NEM

The article highlights the top 3 materials stocks that are currently oversold according to their RSI values, suggesting potential buying opportunities. Arcadium Lithium plc (ALTM) reported better-than-expected quarterly earnings, Newmont Corporation (NEM) announced a 24% Y/Y increase in fourth-quarter revenue, and Lifezone Metals Limited (LZM) revealed a development plan for the Kabanga Nickel Project. Despite positive developments, all three stocks have seen recent declines in their stock prices.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 1:31 pm

IAS

Integral Ad Science's shares dropped following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:31 pm

RVLV

Revolve Group, Inc. (NYSE:RVLV) reported Q4 earnings surpassing estimates with earnings of 5 cents per share against expected 2 cents, and sales of $257.78 million versus the anticipated $246.38 million. Following the report, analysts from Needham, Wedbush, and Raymond James adjusted their price targets upwards, reflecting optimism about the company's performance despite a challenging consumer discretionary spending environment. Revolve Group's shares rose 3.1% to close at $17.49.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 1:30 pm

URBN

Urban Outfitters reported its Q4 financial results, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:30 pm

SPY

Core PCE Prices for Q4 increased by 2.1%, slightly above the estimated 2%. This indicates a higher than expected inflation rate, which could influence monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:30 pm

SPY

The USA GDP growth for Q4 was reported at 3.2%, slightly below the estimated 3.3% and down from the previous 4.9%.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:30 pm

LMND

Lemonade's stock price is trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:30 pm

URBN

Urban Outfitters, Inc. (NASDAQ:URBN) shares fell in premarket trading after reporting Q4 FY23 results with revenue of $1.486 billion, missing the consensus by $9 million. The company saw a 7.3% Y/Y increase in revenue, with retail segment net sales up 6.2% and wholesale segment net sales up 3.3%. Adjusted EPS of $0.69 also missed the consensus of $0.74. Despite this, adjusted gross margin expanded by 293 basis points Y/Y. The company opened 26 new retail locations but did not repurchase any common shares. URBN shares are down 9.41% at $42.74 premarket.

Portfolio Pulse from Lekha Gupta

February 28, 2024 | 1:30 pm

EB

Eventbrite's stock price dropped following the announcement of mixed financial results for Q4. The company's performance in the last quarter has led to a decrease in investor confidence, impacting its stock negatively.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:30 pm