Streetbeat News

Earnings

SMTI

Sanara MedTech announced preliminary Q4 2023 revenue of approximately $17.7 million, surpassing the estimated $16.50 million.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:16 pm

NKLA

Nikola (NASDAQ:NKLA) reported Q4 earnings, beating estimated earnings by 15.38% with an EPS of $-0.11 versus an estimate of $-0.13. Revenue increased by $4.97 million from the same period last year. In the previous quarter, Nikola missed EPS estimates which led to a 1.72% drop in share price the following day.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:15 pm

MRNA

Moderna's stock price increased following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:14 pm

PG

During the Cagny Conference, P&G's CFO announced expectations of continued market pressure in Greater China and a softening of underlying market trends in some European enterprises. This indicates potential challenges ahead for P&G in these regions.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:14 pm

DIS

F

LUNR

SMCI

U

ZS

Jim Cramer discussed various companies on CNBC's 'Mad Money Lightning Round,' highlighting Zscaler as a good buy and expressing concerns about Unity Software. Super Micro Computer announced a $1.5 billion convertible notes offering. Disney reported strong earnings and a new share repurchase program. Intuitive Machines launched a lunar lander. Unity Software plans a significant workforce reduction. Ford reduced prices for its Mustang Mach-E in Canada.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 2:13 pm

LOW

RUN

Sunrun Inc (NASDAQ:RUN) reported Q4 financial results with revenue of $516.59 million, missing estimates of $530.37 million, and a loss of $1.33 per share, below the expected loss of 29 cents per share. The company announced a partnership with Lowe's Companies Inc (NYSE:LOW) and proposed a $475 million convertible senior notes offering. Despite initial gains, Sunrun shares fell 7.57% to $14.40. Sunrun expects lower net subscriber value in Q1 but reiterates positive cash generation guidance for 2023-2024.

Portfolio Pulse from Adam Eckert

February 22, 2024 | 2:13 pm

RUN

Sunrun's stock price declined following the announcement of disappointing Q4 financial results and a proposed private offering of $475 million in convertible senior notes.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:13 pm

TNC

Tennant (NYSE:TNC) reported Q4 earnings with an EPS of $1.92, surpassing the estimate of $1.25 by 53.6%. Revenue increased by $20.40 million from the previous year. Historically, beating EPS estimates has led to a share price increase, as seen last quarter with a 6.99% rise following an earnings beat.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:05 pm

CHRD

ERF

Enerplus Corporation (NYSE:ERF) shares surged premarket after announcing a merger with Chord Energy Corporation (NASDAQ:CHRD) in an $11 billion deal. The transaction includes 90% stock and 10% cash, with Chord shareholders owning 67% and Enerplus 33% of the combined entity. The merger aims to create a leading Williston Basin operator with significant synergies and a projected $1.2 billion free cash flow in 2024. Enerplus and Chord reported Q4 EPS above consensus, influencing their stock movements.

Portfolio Pulse from Lekha Gupta

February 22, 2024 | 2:02 pm

NWN

Northwest Natural Hldg (NYSE:NWN) is scheduled to release its quarterly earnings report on February 23, 2024, with an estimated EPS of $1.27. Analysts and investors are looking for an earnings beat and positive guidance for future growth. The company's past earnings performance shows mixed results with minor EPS beats and subsequent varied stock price reactions. Currently, NWN shares are trading at $38.87, marking an 18.31% decline over the last year, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:01 pm