Streetbeat News

Earnings

MORF

Morphic Holding (NASDAQ:MORF) reported Q4 earnings with an EPS of $-1.04, missing estimates by 22.35% and experiencing a revenue decline of $6.13 million year-over-year. This follows a previous quarter where the company beat EPS estimates, leading to an 8.2% share price increase the next day.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:25 pm

HOV

Hovnanian Enterprises expects its Q2 revenues to be in the range of $675M-$775M, with an adjusted homebuilding gross margin forecasted to be between 21.5% and 23.0%.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:19 pm

HOV

Hovnanian Enterprises reported a 28.76% increase in Q1 EPS to $2.91 from $2.26 YoY and a 15.30% increase in sales to $594.20M from $515.37M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:16 pm

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