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Earnings

BTCUSD

HOOD

Jim Cramer expressed mixed feelings about Robinhood's Q4 performance, appreciating the influx of young investors but concerned about their preference for crypto and options trading over stocks. Robinhood's crypto revenue increased by 10% year-over-year to $43 million, surpassing equities revenue. The company's engagement in Bitcoin ETFs was highlighted, with a significant rise in trading volume driven by new ETFs and a crypto rally.

Portfolio Pulse from Mehab Qureshi

February 15, 2024 | 5:00 am

MSFT

NTDOY

SONY

Microsoft Corp is reportedly planning to release Xbox games Hi-Fi Rush and Pentiment on Sony's PlayStation and Nintendo's Switch, marking a significant strategy shift. This move aims to increase gaming revenue and game reach amidst slowing Xbox Game Pass subscriptions and trailing Xbox Series S and X sales behind PlayStation 5. The decision comes after Microsoft's acquisition of Activision Blizzard and amidst Sony's PS5 market dominance. Sony also announced financial plans and revised its FY23 sales outlook.

Portfolio Pulse from Benzinga Neuro

February 15, 2024 | 4:20 am

LYFT

TSLA

Tesla Inc's Investor Relations VP, Martin Viecha, commented on Lyft Inc.'s earnings release error, calling it an investor relations nightmare. Lyft had to correct its FY24 adjusted EBITDA margin expansion guidance from 500 basis points to 50 basis points after an initial error. Despite this, Lyft's stock closed up 35.1% at $16.39, buoyed by expectations of positive free cash flow for the first time in FY24.

Portfolio Pulse from Anan Ashraf

February 15, 2024 | 3:41 am

NWE

NorthWestern (NASDAQ:NWE) reported Q4 2023 adjusted EPS of $1.38, surpassing the $1.17 estimate, but its sales of $355.97M fell short of the $458.30M estimate, marking a 16.29% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:13 am

COIN

MARA

QS

RIOT

TSLA

The U.S. stock market saw gains with the Dow Jones, S&P 500, and Nasdaq all closing higher. Coinbase, Marathon Digital Holdings, Riot Platforms, QuantumScape, and Tesla were among the top stocks gaining attention due to various factors including Bitcoin's rally, anticipated earnings, and technological advancements.

Portfolio Pulse from Benzinga Neuro

February 15, 2024 | 2:22 am

HAS

Hasbro Inc (NASDAQ:HAS) reported a $90 million revenue boost from Baldur's Gate 3, a game developed by Larian Studios, under a licensing deal. Despite this success, Hasbro faces a 15% revenue decline and a $1.5 billion loss in 2023, with layoffs of 6,500 workers. The company aims for significant profit growth in 2024 and innovation momentum by 2025, but expects a 3%-5% revenue decrease in Wizards' segment due to the high growth baseline set by Baldur's Gate 3 and other ventures.

Portfolio Pulse from Franca Quarneti

February 15, 2024 | 12:24 am

ZCAR

Zoomcar Holdings (NASDAQ:ZCAR) reported a significant improvement in its Q3 earnings, posting EPS of $0.90, up from a loss of $(18.05) YoY. However, sales decreased to $2.42M from $2.98M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:00 am

PTEN

Patterson-UTI Energy (PTEN) projects Q1 drilling products revenue at ~$90M with $50M in direct operating costs and an adjusted gross profit of $40M. The company anticipates steady oil basin activity and potential impacts on natural gas basins due to current low prices. It expects to operate an average of 120 U.S. rigs, slightly up from Q4's 118. Completion Services revenue is forecasted at $940-950M with a gross profit of $190-200M. The company plans $740M in capital expenditures for 2024 and aims for an effective tax rate of 24%.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:58 pm

PTEN

Patterson-UTI Energy (NASDAQ:PTEN) reported Q4 earnings of $0.19 per share, meeting analyst estimates, with a 58.7% decrease from last year. Sales reached $1.58B, beating the $1.51B estimate, marking a 100.93% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:57 pm

DJCO

Daily Journal (NASDAQ:DJCO) reported a decrease in Q1 EPS to $9.16 from $12.95 YoY, while sales increased to $15.99M from $12.30M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:53 pm