Streetbeat News

Earnings

SNN

Smith & Nephew reported a Q4 revenue of $1.458 billion, marking a 6.8% increase compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 9:55 am

GOTU

Gaotu Techedu (NYSE:GOTU) reported Q4 adjusted EPS of $(0.06), surpassing the $(0.07) estimate, and sales of $107.19M, exceeding the $100.49M estimate. This represents a 220% decrease in EPS from last year's $0.05, and a 17.42% increase in sales from $91.29M.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 9:20 am

DOGEUSD

ETHUSD

FLOKIUSD

PEPEUSD

SHIBUSD

Floki (FLOKI) announced reaching a staking total value locked (TVL) all-time high of $105 million, surpassing Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) in TVL. Over 25% of FLOKI's supply is staked, with investors potentially earning TOKEN rewards with an APY of up to 160%. Comparatively, Dogecoin's TVL is $3.78 million, Shiba Inu's $1.1 million, and Pepe Coin's $9.4 million. Cryptocurrency analyst Scofield predicted a price increase for FLOKI, which saw a 35% rise in a week.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 9:17 am

QTRX

Quanterix Corporation (NASDAQ:QTRX) has reaffirmed its 2023 guidance, expecting GAAP gross margin in the high 50s percent and non-GAAP gross margin around 50%. The company rescheduled its Q4 earnings call to February 29, 2024, to align with the filing of its Annual Report for the year ended December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 8:10 am

AZO

DPZ

LOW

LUNR

SJM

Investor optimism declined further as the CNN Money Fear and Greed index remained in the 'Extreme Greed' zone. U.S. stocks closed lower ahead of major economic reports due this week. Domino's Pizza Inc (DPZ) shares rose 5.9% after reporting better-than-expected Q4 earnings, while Intuitive Machines, Inc. (LUNR) shares fell 35% due to a lunar lander incident. The Dow Jones, S&P 500, and Nasdaq all closed lower. Investors await earnings from The J. M. Smucker Company (SJM), Macy's, Inc. (M), Lowe's Companies, Inc. (LOW), and AutoZone, Inc. (AZO).

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 7:26 am

AAN

LOW

SJM

U.S. stock futures are trading lower, impacting several companies. Lowe's and The J. M. Smucker Company are expected to report earnings, with Lowe's anticipated to post $1.68 per share on $18.45 billion revenue, and Smucker expected at $2.27 per share on $2.22 billion revenue. The Aaron's Company reported a Q4 loss with sales below estimates, causing a 26.9% drop in after-hours trading. Macy's is expected to earn $1.96 per share on $8.15 billion revenue. Unity Software reported mixed Q4 results and anticipates Q1 revenue between $415 million to $420 million, leading to a 19% drop in its shares.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 7:25 am

GOTU

Gaotu Techedu (NYSE:GOTU) reported Q4 adjusted losses of $(0.06) per share, beating estimates by 21.43% but with a 210% decrease from last year's earnings. Sales were $75.11M, missing estimates by 25.25% and marking a 17.72% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:21 am

PLOW

Douglas Dynamics forecasts 2024 net sales of $600M-$660M, aligning with a $633.93M consensus. Adjusted EPS is projected at $1.20-$2.10, versus a $1.74 consensus. The company anticipates 50%-100% EPS growth from 2023, attributing this to demand recovery in Attachments and ongoing profit and margin enhancements. The expected effective tax rate is 24%-25%.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:12 am

PLOW

Douglas Dynamics (NYSE:PLOW) reported Q4 adjusted EPS of $0.19, missing the $0.59 estimate, and sales of $134.25M, beating the $98.97M estimate. This represents a 63.46% decrease in earnings and a 16.00% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:06 am

HLX

Helix Energy Solutions Group (HLX) reported Q4 adjusted EPS of $0.06, missing the consensus estimate of $0.10 by 40%. However, their quarterly sales of $335.16M exceeded the estimate of $315.60M by 6.20%, marking a 16.45% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:04 am