Streetbeat News

Earnings

SHTLF

South32 Ltd (OTC:SHTLF), an Australian mining company, announced a $2.16 billion investment in the Hermosa project in Arizona, aiming to produce critical minerals zinc and manganese. This investment aligns with the Biden administration's clean energy vision and is expected to make Hermosa one of the world's largest zinc mines. Despite a recent 92% decrease in profits, South32 is optimistic about the global demand for zinc outpacing production by 2031.

Portfolio Pulse from Stjepan Kalinic

February 15, 2024 | 1:44 pm

SAR

Saratoga Investment Corp. (NYSE:SAR) announced an increase in its quarterly dividend from $0.72 to $0.73 per share for Q4 fiscal year 2024, marking the sixteenth consecutive quarterly increase. The annual dividend rate now implies a 12.8% yield based on the recent stock price of $22.77. The company attributes this growth to high interest rates on floating rate assets and portfolio expansion in selected industry segments. Dividends for fiscal year 2024 total $2.85 per share, a 16.8% increase over the previous year. The dividend is payable on March 28, 2024, to shareholders of record as of March 13, 2024. Shareholders have the option to receive the dividend in cash or stock through the DRIP program.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:42 pm

SPY

Retail sales in January saw a significant slowdown, contracting by 0.8% month-over-month, while manufacturing indicators from New York and Philadelphia showed signs of recovery. Jobless claims also fell, indicating a stronger labor market. The economic data influenced market expectations, with traders pricing in rate cuts by December 2024. The S&P 500, tracked by SPDR S&P 500 ETF Trust (SPY), experienced a 1% increase in its last session.

Portfolio Pulse from Piero Cingari

February 15, 2024 | 1:42 pm

NUS

Nu Skin's shares have declined following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:41 pm

ADPT

Adaptive Biotechnologies' stock price declined following the announcement of mixed financial results for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:41 pm

IDCC

InterDigital forecasts its Q1'24 revenue to be between $245M-$255M, significantly surpassing the estimated $107.68M. Additionally, the adjusted EPS is expected to be in the range of $3.02-$3.58, also well above the estimated $1.29.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:40 pm

PEGA

Pegasystems shares surged following the announcement of Q4 financial results that exceeded expectations. The company also provided an optimistic forecast for FY24, with both EPS and revenue guidance surpassing analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:40 pm

UDMY

Udemy's stock price has declined following the announcement of its Q4 financial results. The report indicates a negative market reaction to the company's latest financial performance.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:40 pm

HUBS

HubSpot's shares surged following the announcement of their Q4 financial results, which exceeded expectations, along with the company providing strong future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:40 pm

CNVS

Cineverse's stock is trading lower following the announcement of their Q3 financial results, which did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:39 pm