Streetbeat News

Earnings

KDP

NVDA

PCG

RIVN

SQ

NVIDIA Corporation reported better-than-expected Q4 financial results and strong revenue guidance, boosting its shares by 9.1%. Keurig Dr Pepper and PG&E Corporation are expected to report earnings, with KDP shares slightly up and PCG shares slightly down in after-hours trading. Rivian Automotive announced a wider loss than expected and plans to reduce its workforce by 10%, leading to a 15.3% drop in shares. Block, Inc. is also expected to report earnings, with its shares up 2.2% in after-hours trading.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 7:16 am

IMOS

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) reported a significant increase in Q4 earnings per share, rising 207.14% to $0.43 from $0.14 YoY. Sales also increased by 22.62% to $187.00M from $152.50M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 7:04 am

TECK

Teck Resources (NYSE:TECK) reported Q4 adjusted earnings of $1.03 per share, surpassing the $1.00 estimate, and sales of $3.02B, slightly above the $3.01B estimate. This represents a significant increase from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 7:01 am

FFND

TSLA

Gary Black of Future Fund admitted he has been wrong about Tesla (TSLA) for three years, citing the stock's underperformance and his misjudgment on its volume growth and earnings power due to price cuts and a delayed affordable model. Despite these setbacks, he remains bullish on Tesla, expecting its stock to reach a $290 price target based on the assumption that other EV makers will reduce their investments.

Portfolio Pulse from Shanthi Rexaline

February 22, 2024 | 6:40 am

BORR

Borr Drilling (NYSE:BORR) reported Q4 earnings of $0.11 per share, surpassing the $0.07 estimate, marking a 222.22% increase from last year. Sales reached $220.60M, beating the $204.67M estimate, a 48.45% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 6:36 am

FVRR

Fiverr International reported Q4 adjusted EPS of $0.56, surpassing the $0.49 estimate, marking a 115.38% increase from last year. However, its Q4 sales of $91.50M fell short of the $92.42M estimate, though it's a 10.07% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 6:33 am

TK

Teekay Corporation (NYSE:TK) reported a decrease in Q4 adjusted EPS to $0.35 from $0.44 YoY and a sales decline to $339.19M from $393.48M YoY, indicating a 20.45% decrease in earnings and a 13.80% decrease in sales.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 6:32 am

TNK

Teekay Tankers (TNK) reported Q4 adjusted EPS of $2.91, missing the $3.47 estimate, and sales of $313.29M, beating the $235.10M estimate. This represents a decrease in earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 6:26 am

PAAS

Pan American Silver (PAAS) reported a Q4 adjusted EPS of $(0.04), missing the $0.11 estimate, and sales of $669.60M, beating the $665.54M estimate. This represents a significant decrease in EPS from the previous year and a substantial increase in sales.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 6:17 am

VAL

Valaris reported Q4 earnings with an EPS of $11.30 and sales of $483.80M, slightly missing the estimate of $485.43M. Sales increased by 11.58% compared to last year. Q4 net income rose to $829M, significantly up from $17M in Q3, including a $790M tax benefit.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 6:12 am