Streetbeat News

Earnings

TEF

Telefonica SA reported its Q4 revenue at €10.15 billion, marking a slight decrease of 0.5% year-over-year. The adjusted earnings per share (EPS) were €0.12.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:51 am

LYG

Lloyds Banking Group reported a 5% increase in its 2023 underlying net interest income, reaching £13.8 billion, alongside a net interest margin of 3.11%.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:49 am

LYG

Lloyds Banking Group reported a net income of £17.9 billion for 2023, marking a 3% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:47 am

TEF

Telefonica SA (TEF) has set new financial targets for 2024 under its GPS strategic plan, aiming for revenue growth of around 1%, EBITDA growth of 1%-2%, and operating cash flow growth of 1%-2%. The company also expects CapEx over revenue to be up to 13% and forecasts a free cash flow increase of more than 10%, based on the €2,308 million achieved under a new definition.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:15 am

TEF

Telefonica SA reported its FY23 financial results, showcasing a revenue of €40.65 billion, marking a 1.6% increase year-over-year. The company's net income also saw a significant rise, increasing by 17.1% YoY to reach €2.37 billion.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:11 am

GELYF

KARS

LI

NVDA

XIACY

Nvidia Corp. (NASDAQ:NVDA) reported a 4% year-over-year decline in automotive revenue, raising concerns about the adoption of self-driving technology in EVs. Despite this, Nvidia's Automotive segment reached a $1 billion annual revenue run-rate in FY2024. The decline is seen as a leading indicator for the adoption pace of self-driving tech, which faces safety and regulatory hurdles. Nvidia supplies self-driving chips to several Chinese automakers and Tesla, which is working to reduce reliance on Nvidia by developing its own supercomputer, Dojo. The KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:KARS) saw a slight increase, indicating broader EV market optimism.

Portfolio Pulse from Shanthi Rexaline

February 22, 2024 | 8:04 am

NVDA

Nvidia Corporation's CEO, Jensen Huang, addressed concerns about potential supply constraints for the company's next-generation products during the Q4 earnings call. Despite acknowledging the intricate nature of Nvidia's products and the challenges in ramping up production, Huang reassured that the supply chain is supporting well, and supply is improving. CFO Colette Kress also noted that while supply for Hopper architecture products is improving, next-generation products are expected to be supply constrained due to high demand. This comes after Nvidia reported a strong Q4 earnings, exceeding revenue and EPS estimates with a 22% surge compared to the previous quarter.

Portfolio Pulse from Ananya Gairola

February 22, 2024 | 8:01 am

MRNA

Moderna, Inc. (NASDAQ:MRNA) is anticipated to report a Q4 loss with earnings expected at 97 cents per share compared to $3.61 per share a year ago, and revenue projected at $2.5 billion versus $5.08 billion in the previous year. The company announced updates at the JPMorgan Healthcare Conference, highlighting 45 therapeutic and vaccine programs, with nine in late-stage development. Analysts have provided mixed ratings, with price targets ranging from $82 to $142.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 7:32 am

NKLA

Nikola Corp. (NASDAQ:NKLA) has appointed its CEO, Stephen Girsky, as the acting CFO, effective Feb. 14, without additional compensation. This follows a series of leadership changes, with Girsky being the fourth CEO in four years and succeeding the CFO who resigned in November. Nikola faces financial challenges, with significant losses reported in the third quarter. The company's share price has declined nearly 70% over the past year.

Portfolio Pulse from Anan Ashraf

February 22, 2024 | 7:29 am

INDV

Indivior reported a significant increase in Q4 earnings and sales YoY, with EPS rising to $0.43 from $0.27 and sales reaching $293M from $241M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 7:20 am