Streetbeat News

Earnings

AZTR

BREA

DTSS

ELWS

EVA

KHC

OMH

Nasdaq gained over 100 points with U.S. stocks trading higher. Kraft Heinz reported weaker-than-expected sales for its fourth quarter, missing sales expectations but beating earnings estimates. Datasea, Earlyworks, and Brera Holdings saw significant stock price increases, while Azitra, Enviva, and Ohmyhome experienced substantial declines. Enviva is reportedly preparing to file for bankruptcy.

Portfolio Pulse from Avi Kapoor

February 14, 2024 | 2:52 pm

ABNB

Airbnb has projected its Q1 revenue to be between $2.03 billion and $2.07 billion, which aligns with or slightly exceeds the estimated $2.03 billion.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:49 pm

CIG

ENIC

GNE

OPAL

TAC

The article highlights notable value stocks in the utilities sector, focusing on companies with low P/E multiples indicating undervaluation. OPAL Fuels, Cia Energetica DE Minas, Enel Chile, Genie Energy, and TransAlta are featured for their financial performance and dividend yields. Earnings per share and dividend yield changes are detailed for each company, providing insight into their recent financial health.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 2:38 pm

ABNB

Airbnb Inc (NASDAQ:ABNB) shares dropped following Q4 financial results, despite beating revenue estimates with $2.22 billion and reporting adjusted earnings of $0.76 per share. The company also announced a $6 billion share repurchase program. Analyst reactions were mixed, with DA Davidson downgrading the stock to Neutral and setting a price target of $145, while Needham maintained a Buy rating and raised the price target to $160.

Portfolio Pulse from Adam Eckert

February 14, 2024 | 2:31 pm

CAE

CAE reported its Q3 2024 adjusted earnings per share (EPS) at CAD$0.24, missing the estimated CAD$0.25. Sales for the quarter were CAD$1.09 billion, also falling short of the CAD$1.11 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:30 pm

GNRC

Generac Holdings Inc. (NYSE:GNRC) shares fell in premarket trading after reporting Q4 earnings and revenue that missed analyst expectations. The company posted adjusted earnings of $2.07 per share versus the consensus of $2.08, and revenue of $1.064 billion against expectations of $1.094 billion. Despite a year-over-year net sales increase of 1% and improvements in gross profit margin, the company's full-year 2024 net sales growth guidance of 3% to 7% also fell short of the consensus. Generac announced a new stock repurchase program of up to $500 million over the next 24 months.

Portfolio Pulse from Nabaparna Bhattacharya

February 14, 2024 | 2:26 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) shares have surged, hitting new 52-week highs, largely due to the rising price of Bitcoin, which crossed the $50,000 mark for the first time in two years. The company, a Bitcoin miner, recently reported fiscal first quarter earnings that exceeded analyst expectations. This performance is attributed to increased institutional adoption of Bitcoin, spurred by the approval of spot ETFs and anticipation of April's halving event.

Portfolio Pulse from Adam Eckert

February 14, 2024 | 2:24 pm

CAE

CAE reported Q3 2024 adjusted EPS of $0.24, missing the $0.25 estimate, and sales of $1.09B, below the $1.11B estimate. This represents a 44.02% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:21 pm

TSEM

Tower Semiconductor Ltd (NASDAQ:TSEM) reported a Q4 FY23 revenue decline of 12.8% year-on-year to $351.71 million, slightly above consensus estimates. Adjusted EPS was $0.55, beating consensus estimates of $0.52. The company is undergoing operational optimization by consolidating its manufacturing operations and phasing out certain lower-margin products. Despite a decrease in gross and operating profit, the company generated $126 million in operating cash flow and holds $1.24 billion in cash. The outlook for Q1 revenue is $325 million, aligning with consensus estimates. TSEM shares rose 4.05% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 14, 2024 | 2:11 pm

SFL

SFL Corp reported Q4 earnings of $0.25 per share, surpassing the $0.13 estimate, and sales of $209.57M, exceeding the $193.71M estimate. This represents a 34.21% decrease in earnings per share and a 5.94% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:11 pm