Streetbeat News

Earnings

SPXC

SPX Techs (NYSE:SPXC) reported Q4 earnings with an EPS of $1.25, missing estimates by 0.79% against an expected $1.26. Revenue increased by $40.10 million from the previous year. Despite beating EPS estimates in Q3 2023, the share price dropped by 0.64% the following day. The company has shown consistent revenue growth over the past four quarters.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 9:55 pm

RKT

Rocket Companies shares surged following the announcement of better-than-expected Q4 financial results and positive future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:55 pm

VCYT

Veracyte (NASDAQ:VCYT) reported Q4 2023 adjusted EPS of $0.05, surpassing the $(0.09) estimate, with sales of $98.20M exceeding the $91.96M forecast. This represents a 22.29% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:54 pm

GDYN

Grid Dynamics projects its Q1 revenue to be between $77M and $79M, aligning closely with the estimated $77.51M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:54 pm

RMAX

RE/MAX Holdings (RMAX) reported Q4 2023 adjusted EPS of $0.30, surpassing the $0.29 estimate. However, its sales of $76.60M fell short of the $76.97M estimate, marking a 5.74% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:53 pm

ARDX

Ardelyx, Inc. (NASDAQ:ARDX) reported mixed Q4 results with earnings missing and revenue beating analyst estimates. The company reported a quarterly loss of 12 cents per share, missing the consensus estimate of a 10 cent loss. However, quarterly sales of $34.36 million exceeded estimates by 0.39% and showed a 22.22% decrease from the previous year. Ardelyx ended 2023 with $184.3 million in cash and investments. The company anticipates 2024 U.S. net product sales revenue for IBSRELA to be between $140 million and $150 million. After-hours, ARDX shares dropped 6.46% to $8.25.

Portfolio Pulse from Erica Kollmann

February 22, 2024 | 9:53 pm

PEN

Penumbra projects its FY24 revenue to be in the range of $1.23B to $1.27B, which is around the analyst estimate of $1.267B.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:52 pm

APLE

Apple Hospitality REIT (NYSE:APLE) reported Q4 2023 earnings of $0.31 per share, meeting analyst estimates, and sales of $312.46M, exceeding expectations by 3.30%. This represents a 6.06% decrease in EPS and a 4.46% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:51 pm

LYV

Live Nation Entertainment (NYSE:LYV) reported Q4 revenue of $5.84 billion, up 36% YOY, beating estimates. Adjusted EPS was $1.37, surpassing expectations of a $1.03 loss per share. Full-year revenue reached $22.7 billion, a 36% increase YOY, with record attendance, ticket sales, and sponsorship. The company anticipates growth in 2024, especially in Q2 and Q3. Despite positive results, LYV shares dropped 1% in after-hours trading.

Portfolio Pulse from Chris Katje

February 22, 2024 | 9:51 pm

UPLD

Upland Software projects its FY24 revenue to be in the range of $259.0M-$283.0M, which is below the estimated $290.303M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:51 pm