Streetbeat News

Earnings

U

Unity Software Inc (NYSE:U) experienced a significant drop in early trading on Tuesday following a higher-than-expected loss for Q4. Analysts from Piper Sandler, Needham, Wedbush, Oppenheimer, and Goldman Sachs provided mixed reviews, adjusting their ratings and price targets based on the company's performance and strategic reset. The reset, aimed at addressing various challenges including competition and market declines, has led to a revised revenue growth outlook and concerns over the company's future performance.

Portfolio Pulse from Priya Nigam

February 27, 2024 | 3:42 pm

LI

Li Auto shares surged following the announcement of better-than-expected Q4 results and a significant year-over-year increase in deliveries.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 3:36 pm

CEG

Constellation Energy's shares saw an increase following the announcement of their Q4 revenue, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 3:34 pm

AMT

American Tower's shares dropped following the announcement of its Q4 results and the release of its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 3:30 pm

ZS

Financial analysts observed a surge in options activity for Zscaler (NASDAQ:ZS), with a bullish sentiment prevailing among 52% of traders. The analysis highlighted significant trades within a price window of $175.0 to $360.0 for Zscaler. The company, known for its cloud-native cybersecurity solutions, is currently trading at $244.44, with an anticipated earnings release in 2 days. Professional analysts have set an average price target of $229.8 for ZS, with ratings ranging from Neutral to Buy.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 3:30 pm

HIMS

JANX

NCLH

VKTX

Norwegian Cruise Line Holdings Ltd. (NCLH) saw its shares rise by 13% after reporting better-than-expected Q4 revenues of $1.99 billion. Other stocks also moved higher, including Janux Therapeutics (JANX) with a 145% increase after announcing updated clinical data, and Viking Therapeutics (VKTX) up 71.2% following successful trial results. Hims & Hers Health (HIMS) climbed 33.6% on strong Q4 results and guidance. Various other companies also reported gains following positive financial results or analyst ratings.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 3:28 pm

BMO

Bank Of Montreal (BMO) shares dropped following the announcement of disappointing Q1 results, missing market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 3:24 pm

LOW

Lowe's shares are trading higher following the announcement of their Q4 results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 3:23 pm

BNS

Scotiabank shares are trading higher following the announcement of better-than-expected Q1 results.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 3:21 pm

AZO

AutoZone Inc (NYSE:AZO) reported a 4.6% year-over-year sales growth for Q2 2024, reaching $3.86 billion and surpassing the consensus of $3.84 billion. The company saw a 0.3% increase in domestic same-store sales and a 10.6% increase in international sales on a constant currency basis. Gross margin expanded to 53.9%, and operating profit rose by 10.9% to $743.24 million. EPS was $28.89, beating the consensus of $26.28. AutoZone also repurchased 84 thousand shares worth $223.8 million and opened 26 new stores, bringing its total store count to 7,191. Shares surged by 4.65% to $2,899.41.

Portfolio Pulse from Akanksha Bakshi

February 27, 2024 | 3:07 pm