Streetbeat News

Earnings

BE

IPW

LICN

In Thursday's after-market session, several industrials stocks showed notable movements. Lichen China (LICN) led the gainers with a 102.6% increase, while Bloom Energy (BE) experienced the largest decline among the losers, dropping 13.3%. Other notable movers included VCI Global (VCIG), iPower (IPW), and Westwater Resources (WWR) among gainers, and Smart Powerr (CREG) and Erayak Power Solution Gr (RAYA) among losers. iPower's movement was attributed to its Q2 earnings release, and Bloom Energy's drop was linked to its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 9:31 pm

AMAT

ARBB

AUUD

PCOR

In Thursday's after-market session, several Information Technology stocks showed significant movement. Notably, Applied Materials (AMAT) and Procore Technologies (PCOR) reported their Q1 and Q4 earnings, respectively, leading to substantial gains in their stock prices. Conversely, Auddia (AUUD) and ARB IOT Group (ARBB) experienced notable declines. The movements reflect the market's reaction to new earnings reports and other undisclosed factors influencing these stocks.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 9:30 pm

ANGO

AngioDynamics, Inc. (ANGO) has sold its PICC and Midline product portfolios to Spectrum Vascular for up to $45 million in cash. This sale is part of AngioDynamics' strategy to optimize its product portfolio and focus on high-growth markets. The divested products contributed approximately $43.5 million in annual sales. Additionally, AngioDynamics has discontinued its radiofrequency ablation and Syntrax products, which contributed about $5.5 million in annual sales. The company expects the divestiture and discontinuations to be accretive to fiscal 2024 gross margin but slightly dilutive to adjusted earnings per share. AngioDynamics will provide updated fiscal 2024 guidance in its upcoming earnings call.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:30 pm

YELP

Yelp (NYSE:YELP) reported Q4 earnings with an EPS of $0.37, missing the estimated $0.38 by 2.63%. Revenue increased by $33.27 million from the same period last year. In the previous quarter, Yelp beat the EPS estimate by $0.44, leading to a 4.53% share price increase the next day. The company has shown varied performance over the past quarters, with both beats and misses on EPS estimates.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 9:30 pm

HASI

Hannon Armstrong (NYSE:HASI) reported Q4 earnings with an EPS of $0.53, missing the estimated $0.58 by 8.62%. Revenue increased by $25.42 million from the same period last year. In the previous quarter, HASI beat EPS estimates by $0.09, leading to a 15.74% share price increase the next day. The company's earnings performance over the past four quarters shows fluctuating EPS but consistently increasing revenue.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 9:30 pm

DKNG

DraftKings reported a 37% increase in Monthly Unique Payers to 3.5 million average monthly unique paying customers. Additionally, the Average Revenue Per Monthly Unique Payer (MUP) increased by 6%.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:29 pm

BE

Bloom Energy's stock is trading lower due to the company announcing Q4 financial results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:29 pm

YELP

Yelp's stock is trading lower following the release of mixed financial results for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:29 pm

DKNG

DraftKings has increased its 2024 revenue guidance midpoint to $4.775 billion from an estimated $4.69 billion and raised its 2024 adjusted EBITDA guidance midpoint to $460 million.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:28 pm

DLR

Digital Realty Trust's shares dropped following mixed Q4 financial results and FY24 guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:28 pm