Streetbeat News

Earnings

PSNY

Polestar Automotive Holding UK Limited (NASDAQ:PSNY) shares surged after announcing a $950 million loan from 12 international banks, aimed at financing its next development stage. The company is also reducing its workforce by 10% in mid-2023 and an additional 15% in 2024 to improve efficiency. CEO Thomas Ingenlath highlighted the support from partners and Geely, aiming for cash flow break-even by 2025. Polestar is expected to report Q4 financial results with estimated losses of 15 cents per share and revenue of $756.514 million.

Portfolio Pulse from Erica Kollmann

February 28, 2024 | 8:46 pm

NVDA

Ryan Detrick, chief market strategist at Carson Group, discussed on Benzinga's PreMarket Prep that the Magnificent Seven stocks, including NVIDIA Corp (NASDAQ:NVDA), are not in a bubble. Detrick highlighted NVIDIA's earnings growth of over 250% since early 2022, with only a slight expansion in its multiple. He argued that the growth of these mega-cap tech firms is driven by actual earnings, contrasting the situation with the dot-com bubble. Detrick also mentioned that despite perceptions of a weak economy, U.S. consumers are in a strong position.

Portfolio Pulse from Aaron Bry

February 28, 2024 | 8:41 pm

ONL

Orion Office REIT's shares dropped following the announcement of disappointing Q4 financial results and a forecast for FY24 Core FFO that falls below analyst expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:27 pm

RKLB

Rocket Lab USA's shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:26 pm

SPCE

Virgin Galactic's stock price declined following the announcement of its fourth-quarter earnings.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:25 pm

ARRY

Array Technologies' shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:21 pm

GOGL

Golden Ocean Group's shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:19 pm

QUIK

QuickLogic shares surged following the announcement of Q4 financial results that exceeded expectations. Additionally, Oppenheimer maintained an Outperform rating on QUIK and increased its price target from $12 to $16.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:10 pm

HLLY

Holley's stock is trading lower following the company's announcement of Q1 and FY24 net sales guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:02 pm

AINC

Ashford (AMEX:AINC) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with an estimated EPS of $0.00. Analysts and investors are keen on whether Ashford will surpass this estimate and provide positive guidance for the next quarter. Ashford's stock performance has been negative over the last year, with a 80% decline, and its past earnings have shown mixed results with both misses and beats compared to estimates.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 8:01 pm