Streetbeat News

Earnings

TBIO

Telesis Bio (TBIO) reports a slight increase in its preliminary 2023 total consolidated revenue to $27.5M from $27.4M YoY. However, it forecasts a significant drop in FY24 total revenue to $7M from $9.5M YoY, attributed to capital spending weakness and a shift towards lower-priced BioXp 3250 instruments. Excluding BioXp instrument sales and discontinued BioFoundry Services, FY23 revenue saw a 12.4% increase to $20.9M from $18.6M.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 2:17 pm

CBRL

KSS

LEG

Wall Street's most accurate analysts have provided their views on three consumer discretionary stocks with over 7% dividend yields: Leggett & Platt (LEG), Cracker Barrel Old Country Store (CBRL), and Kohl's Corporation (KSS). LEG reported disappointing Q4 results and issued weak FY24 guidance. CBRL appointed Carl T. Berquist as board Chairman after Sandra B. Cochran's early retirement. A hedge fund led by a former Canada Prime Minister is pushing KSS to sell itself. Analysts have adjusted their ratings and price targets for these stocks.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 2:14 pm

NVDA

PANW

Palo Alto Networks Inc (NASDAQ:PANW) has launched comprehensive private 5G security solutions in collaboration with top partners including Nvidia Corp (NASDAQ:NVDA). This initiative aims to address the deployment, management, and security challenges of 5G networks, offering benefits like secure radio networks and AI-powered security applications. Palo Alto Networks reported a 19% revenue growth in its fiscal second quarter, outperforming consensus estimates.

Portfolio Pulse from Anusuya Lahiri

February 26, 2024 | 2:08 pm

AVDX

EQT

LYV

POWL

PSN

SMG

Jim Cramer shared his views on several companies on CNBC's 'Mad Money Lightning Round'. He expressed caution about Scotts Miracle-Gro due to weather dependency, despite its narrower-than-expected Q1 loss. Cramer was hesitant about Powell Industries, awaiting further analysis despite its better-than-expected Q1 results. He praised Parsons Corporation for its strong Q4 earnings and regretted not owning it sooner. AvidXchange was noted for its challenging industry, with Q4 results pending. Cramer predicted a great year for Live Nation Entertainment, despite mixed Q4 results, and showed preference for Coterra over EQT Corporation, which reported worse-than-expected Q4 results.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 2:07 pm

BLMN

Bloomin' Brands, Inc. (NASDAQ:BLMN) reported Q4 earnings surpassing expectations with an EPS of 75 cents against a forecast of 69 cents, though revenues slightly missed estimates. The company announced a quarterly dividend and a new share repurchase program, and provided FY24 guidance with adjusted EPS expectations of $2.51-$2.66. Following the report, Barclays and BMO Capital adjusted their price targets for BLMN upwards.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 2:05 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) has amended its at market issuance sales agreement with B. Riley Securities to increase the available shares for issuance, bringing the total remaining to $1 billion. This follows the sale of approximately 77.4 million shares at $302.07 million. The amendment also raises the direct purchase limit by B. Riley from $10 million to $11 million. This news arrives after Plug Power's announcement of a cost-reduction initiative and ahead of its Q4 financial results, expected to report a loss of 44 cents per share on $240.532 million in revenue.

Portfolio Pulse from Adam Eckert

February 26, 2024 | 2:05 pm

SPRY

ARS Pharmaceuticals, Inc. (NASDAQ:SPRY) announced positive results from a Phase 2 study of neffy, an investigational epinephrine nasal spray, for treating chronic spontaneous urticaria, a skin disorder. The study met its primary endpoints, showing significant improvement in symptoms as early as 5 minutes after dosing. The data supports further development of neffy, with an outpatient study for acute flares planned for 2024 and a pivotal study potentially starting in 2025.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 2:03 pm

DPZ

Domino's Pizza Inc (NYSE:DPZ) shares rose after Q4 2023 earnings exceeded expectations, with a raised dividend and a new share buyback plan. The company reported a Q4 EPS of $4.48, surpassing the $4.38 consensus, and sales of $1.40 billion, slightly below the $1.42 billion estimate. Revenue growth was driven by higher global franchise royalties and fees, despite a decrease in U.S. franchise advertising revenues and increased labor and insurance costs. U.S. same-store sales grew by 2.8%, and international by 0.1%. The quarterly dividend was increased by 25% to $1.51, and a $1 billion stock buyback was authorized. The company also reported a 4.9% global retail sales growth and confirmed its long-term guidance.

Portfolio Pulse from Vandana Singh

February 26, 2024 | 2:02 pm

NNI

Nelnet (NYSE:NNI) is scheduled to release its quarterly earnings report on February 27, 2024, with analysts expecting an EPS of $1.03. Despite past earnings misses, the focus will be on the company's guidance for future growth. Nelnet's stock performance has been negative over the last year, with a 4.71% decline, indicating bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 2:02 pm

IAS

Integral Ad Science (NASDAQ:IAS) is scheduled to release its quarterly earnings report on February 27, 2024. Analysts predict an EPS of $0.04. The company's past earnings performance shows a mix of misses and beats, with the last quarter missing EPS estimates by $0.09 but resulting in a 15.68% share price increase the following day. Over the last 52 weeks, IAS shares have risen by 55.77%, indicating a generally positive sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 2:01 pm