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Earnings

AI

BBAI

NVDA

PLTR

SOUN

Palantir Technologies Inc (PLTR) shares rose in after-hours trading following Nvidia Corp's (NVDA) better-than-expected earnings, highlighting the surging demand for AI. Nvidia reported Q4 revenue of $22.1 billion and earnings of $5.16 per share, surpassing estimates. The company's data center revenue increased by 409%, and it provided a positive revenue guidance for fiscal year 2025. Both Nvidia and Palantir have benefited from the growing AI demand, with Palantir reporting strong demand for its AI platform in early February. Other AI-related companies like C3.Ai Inc (AI), SoundHound AI Inc (SOUN), and BigBear.Ai Inc (BBAI) also saw their shares move higher.

Portfolio Pulse from Adam Eckert

February 21, 2024 | 10:33 pm

OBDC

Blue Owl Capital reported a Q4 EPS of $0.51, surpassing the estimated $0.48.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:33 pm

NOMD

Nomad Foods Limited (NYSE: NOMD) has provided its adjusted EPS guidance for 2024, projecting a growth of 9-12% with an EPS range of €1.75-€1.80. The company will also report its Q4 and full year results on February 29, 2024, and present at the CAGNY Conference on February 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:32 pm

BALY

Ballys (NYSE:BALY) reported Q4 2023 earnings of $0.07 per share, surpassing the $(0.53) estimate, but its sales of $611.67M fell short of the $623.54M estimate, marking a 6.07% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:32 pm

RYI

Ryerson Holding (NYSE:RYI) reported Q4 2023 adjusted EPS of $0.73, surpassing the $0.26 estimate, but its sales of $1.10B fell short of the $1.12B estimate, marking a 14.60% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:32 pm

CHRD

Chord Energy projects its FY24 E&P and other CapEx to be between $905M and $945M, with about 80% allocated to drilling and completions. The company plans to operate 103 to 113 gross wells, maintain oil volumes at 97 to 101 MBopd, and expects an adjusted free cash flow of approximately $875M, assuming $79/Bbl WTI and $2.50/MMBtu Henry Hub prices.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:30 pm

NTR

Nutrien (NYSE:NTR) reported Q4 adjusted earnings per share of $0.37, missing the consensus estimate of $0.65, representing an 81.68% decrease from the same period last year. However, their quarterly sales of $5.66 billion exceeded the consensus estimate of $5.35 billion by 5.96%, despite being a 24.81% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:29 pm

HVT

Havertys, identified by its ticker symbol HVT, has projected its gross profit margins for the year 2024 to be between 59.5% and 60.0%.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:29 pm

CHRD

Chord Energy (NASDAQ:CHRD) reported Q4 adjusted EPS of $5.25, surpassing the $4.97 estimate, but its sales of $830.16M fell short of the $868.68M estimate. This represents a slight decrease in earnings and a 6.52% drop in sales from the same period last year.

Portfolio Pulse from Happy Mohamed

February 21, 2024 | 10:29 pm

BELFA

Bel Fuse Inc. (BELFA) reported Q4 2023 adjusted EPS of $1.29, missing the $1.38 estimate, and sales of $140.01M, below the $150.50M estimate. This represents a 17.25% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:28 pm