Streetbeat News

Earnings

DTSS

Datasea reported its Q2 2024 earnings with an EPS of $(0.72), an improvement from $(0.80) year-over-year. Revenue significantly increased to $11.348M from $131.459K in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:40 pm

FANG

NXPI

On CNBC's 'Halftime Report Final Trades,' Bitcoin, NXP Semiconductors, and Diamondback Energy were highlighted. Bitcoin surged above $50,000, marking a significant rebound. NXP Semiconductors reported Q4 earnings that beat analyst estimates, with a slight year-over-year decrease in earnings but an increase in sales. Diamondback Energy announced a merger with Endeavor Energy Resources valued at around $26 billion, causing its stock to jump 9.4%.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 2:39 pm

SHOP

Shopify Inc (NYSE:SHOP) stock fell after reporting Q4 results with a 24% revenue growth to $2.14 billion, surpassing estimates. Adjusted EPS was $0.34, beating forecasts. Gross merchandise volume and merchant solutions revenue also saw increases. The gross margin improved to 49.5%, and free cash flow surged to $446 million. Despite these positive results, the stock dropped 13% in premarket trading. For Q1, Shopify anticipates revenue growth in the low-twenties percentage and a higher gross margin.

Portfolio Pulse from Anusuya Lahiri

February 13, 2024 | 2:28 pm

AAPL

NVDA

TSLA

Bitcoin, Ethereum, and Dogecoin rally, with Bitcoin surpassing $50K and predictions of reaching $130K. Stellantis adopts Tesla's charging standard, NACS. Various tech and EV companies face challenges and developments, including Apple, Nvidia, and Tesla. Financial markets anticipate inflation data, and geopolitical tensions are highlighted. In the crypto space, significant investments and activities are noted, alongside regulatory and market movements.

Portfolio Pulse from Akanksha Bakshi

February 13, 2024 | 2:21 pm

BHF

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

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:21 pm

INMD

InMode shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:20 pm

IMPP

Imperial Petroleum reported a significant decrease in its Q4 2023 adjusted earnings per share (EPS) to $0.01 from $1.06 year-over-year (YoY). Revenue also declined to $29.9 million from $37.9 million YoY.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:18 pm

EPIX

ESSA Pharma (NASDAQ:EPIX) reported Q1 earnings on February 13, 2024, beating estimated earnings by 17.65% with an EPS of $-0.14 versus an estimate of $-0.17. However, revenue remained unchanged from the same period last year. In the previous quarter, ESSA Pharma's EPS beat led to a 0.36% increase in share price the following day.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 2:10 pm

DASH

LYFT

UBER

Lyft Inc (NASDAQ:LYFT) is set to report Q4 earnings with expectations of 8 cents EPS and $1.22 billion in revenues. The company faces a bearish technical setup and a planned strike on Valentine's Day by drivers demanding fair pay, which also involves Uber Technologies Inc (NYSE:UBER) and DoorDash (NASDAQ:DASH). Lyft's OBV indicator and averages suggest strong selling pressure, with analysts rating the stock as Neutral with a price target of $11.97.

Portfolio Pulse from Surbhi Jain

February 13, 2024 | 2:08 pm

NUS

Nu Skin Enterprises (NYSE:NUS) is scheduled to release its quarterly earnings report on February 14, 2024, with an expected EPS of $0.28. Analysts and investors are particularly interested in the company's guidance for future growth. Nu Skin's past earnings performance shows a pattern of not meeting EPS estimates, leading to significant share price drops. Currently, shares are trading at $18.72, marking a 58.75% decrease over the last year, indicating a negative sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 2:02 pm