Streetbeat News

Earnings

ENOV

Enovis has projected its fiscal year 2024 revenues to be in the range of $2.05 billion to $2.15 billion, which aligns closely with the consensus estimate of $2.12 billion.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:03 am

LKQ

LKQ Corporation reported Q4 adjusted earnings of $0.84 per share, surpassing the consensus estimate of $0.76, marking a 7.69% year-over-year increase. However, their quarterly sales of $3.50 billion slightly missed the estimate of $3.51 billion, despite being a 16.66% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:03 am

AHH

Armada Hoffler Properties (NYSE:AHH) reported a decrease in Q4 normalized FFO to $0.31 per share from $0.35 YoY and missed rental revenue estimates with $59.84M against the expected $63.80M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:02 am

ENOV

Enovis reported Q4 adjusted EPS of $0.79, surpassing the $0.74 estimate, and sales of $455.02M, exceeding the $445.36M estimate. This represents a 9.72% increase in earnings and an 11.33% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:01 am

NVDA

Nvidia Corp. (NASDAQ:NVDA) shares surged in premarket trading following a stellar quarterly performance, sparking speculation it could reach a $2 trillion market cap. The rally is attributed to Nvidia's leadership in AI technology. KeyBanc Capital Markets raised Nvidia's price target from $740 to $1,100, indicating a 63% upside potential. The company's first-quarter revenue guidance of $24 billion exceeded expectations, driven by strong Data Center revenue and demand for the H100 platform and InfiniBand. Analyst John Vinh remains optimistic about Nvidia's growth, particularly in the Data Center and Pro Viz segments.

Portfolio Pulse from Shanthi Rexaline

February 22, 2024 | 10:59 am

NICE

NICE has projected its full-year 2024 non-GAAP total revenues to be between $2.715 billion and $2.735 billion, surpassing the estimated $2.677 billion. Additionally, the company expects its non-GAAP EPS to range from $10.40 to $10.60, exceeding the estimated $9.94.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:40 am

NICE

NICE has projected its Q1 Non-GAAP total revenues to be between $650M-$660M, surpassing the estimated $643.57M. Additionally, its Non-GAAP EPS is expected to be in the range of $2.40-$2.50, exceeding the forecast of $2.31.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:38 am

NICE

NICE reported Q4 adjusted earnings of $2.36 per share, surpassing the $2.28 estimate, marking a 15.69% increase from last year. Sales reached $623.19M, exceeding the $618.51M estimate, up 9.61% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:34 am

ETSY

GFI

LCID

NOVA

RAPT

RIVN

RUN

Rivian Automotive reported a Q4 loss and plans to reduce its workforce by 10%, leading to a 14.3% drop in pre-market trading. Other stocks like Etsy, Lucid Group, RAPT Therapeutics, Gold Fields, Sunrun, and Sunnova Energy also saw pre-market losses due to various reasons including mixed financial results, clinical holds, and weak quarterly results.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 10:28 am

BHC

HEES

IBP

INDV

KDP

Earnings reports for various companies are scheduled for February 22, 2024, covering a wide range of industries. These reports include both earnings per share and revenue forecasts, with some companies expected to report losses.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 10:27 am