Streetbeat News

Earnings

RIVN

Rivian Automotive (NASDAQ:RIVN) reported Q4 earnings with revenue of $1.32 billion, surpassing estimates but missed EPS expectations with a loss of $1.36 per share. The company produced 17,541 vehicles and delivered 13,972 in Q4, ending the year with $9.37 billion in cash. For 2024, Rivian aims for cost efficiency and expects to produce 57,000 vehicles with an adjusted EBITDA loss of $2.7 billion. It also plans a 10% workforce reduction and the unveiling of the Rivian R2 on March 7. RIVN shares dropped 17% in after-hours trading.

Portfolio Pulse from Chris Katje

February 21, 2024 | 9:55 pm

KW

Kennedy-Wilson Holdings (NYSE:KW) reported Q4 earnings with an EPS of $-1.78, missing estimates by 474.19% against an expected $-0.31. Revenue increased by $500 thousand from the same period last year. The company's past earnings performance shows a mixed trend with misses and beats in previous quarters.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 9:55 pm

LUNG

Pulmonx (NASDAQ:LUNG) reported Q4 2023 earnings with a smaller loss per share of $(0.36) compared to the expected $(0.42), and sales of $19.28M, surpassing the $18.27M estimate. This represents a 5.26% improvement in losses and a 24.98% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:54 pm

NVDA

QQQ

SOXX

SPY

Nvidia Corp. (NASDAQ:NVDA) reported Q4 earnings with a revenue of $22.10 billion and EPS of $5.16, surpassing Street estimates. The company's revenue saw a 265% year-over-year increase, with significant growth in the Data Center and Gaming sectors. Nvidia's Q1 revenue guidance of $24.0 billion also exceeds expectations. Shares rose 6% in after-hours trading, with a 40.25% increase year-to-date, outperforming major ETFs like SPY, QQQ, and SOXX.

Portfolio Pulse from Chris Katje

February 21, 2024 | 9:54 pm

RUN

Sunrun, a leading residential solar energy company, has reaffirmed its financial guidance, projecting positive cash generation cumulatively from the fourth quarter of 2023 through the fourth quarter of 2024. Additionally, the company expects to achieve an annualized cash generation run-rate of between $200 million and $500 million in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:54 pm

CPK

Chesapeake Utilities reaffirmed its EPS guidance for 2025 ($6.15-$6.35) and 2028 ($7.75-$8.00), and expects 2024 EPS to be between $5.33 and $5.45, aligning with estimates of $5.38. The company also continues to support its capital expenditure guidance for 2028, ranging from $1.5 billion to $1.8 billion, and affirms its 2024 capital expenditure guidance of $300 million to $360 million.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:54 pm

COKE

Coca-Cola Consolidated reported a slight decrease in Q4 adjusted earnings per share from $13.54 last year to $13.39 this year, while sales increased from $1.57 billion to $1.63 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:53 pm

AERT

Aeries Technology has reiterated its financial guidance for FY24, expecting revenue between $95M-105M and adjusted EBITDA between $16M-20M.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:53 pm

ROOT

Root Inc. (NASDAQ:ROOT) reported Q4 2023 earnings with a GAAP EPS of $(1.64), surpassing the $(2.89) estimate, and sales of $194.80M, exceeding the $126.99M estimate. This represents a 173.21% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:53 pm

AERT

Aeries Technology (NASDAQ:AERT) reported a significant increase in sales for Q3, with $18.90 million, up 48.82% from $12.70 million YoY.

Portfolio Pulse from Happy Mohamed

February 21, 2024 | 9:53 pm