Streetbeat News

Earnings

QDEL

QuidelOrtho Corp (NASDAQ:QDEL) reported Q4 2023 results below expectations with adjusted EPS of $1.17 versus the consensus of $2.05, and sales of $742.60 million against an expected $796.91 million. The company's FY 2024 revenue and EPS forecasts also fell short of consensus estimates. Following the announcement, QuidelOrtho's stock price dropped 29.3% to $47.19. Analysts from Raymond James, RBC Capital, Craig-Hallum, and William Blair adjusted their price targets and ratings in response to the disappointing results.

Portfolio Pulse from Avi Kapoor

February 14, 2024 | 5:57 pm

SHOP

Shopify, Inc. (NYSE:SHOP) reported better-than-expected Q4 earnings but provided light guidance for the current period. Analysts from RBC Capital Markets, Roth MKM, Mizuho, Oppenheimer, Piper Sandler, Baird, JMP, and Benchmark provided varied reactions, with most maintaining positive outlooks and adjusting their price targets. Shopify's success in new markets and segments like digital advertising, offline, and B2B was highlighted, though concerns about profitability were noted.

Portfolio Pulse from Erica Kollmann

February 14, 2024 | 5:54 pm

DBD

Diebold Nixdorf Incorporated (NYSE:DBD) shares rose after reporting a Q4 adjusted net income of $113.5 million, or $3.02 per share, and emerging from Chapter 11. Revenue was $1.036 billion, up 7% YOY, with an adjusted gross profit of $276.1 million, up 23.2% YOY. The company also paid down $200 million of its higher-cost term loan and secured a new revolving credit facility. FY24 revenue growth is expected to be in the low single digits, with adjusted EBITDA of $410 million-$435 million. Shares are up 4.57% to $33.40.

Portfolio Pulse from Nabaparna Bhattacharya

February 14, 2024 | 5:53 pm

CART

Maplebear shares are trading lower following the announcement of their Q4 financial results, indicating a negative market reaction to the reported figures.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:52 pm

BKKT

Bakkt Holdings (BKKT) reported Q3 earnings with a loss of $0.19 per share, missing the consensus estimate of $0.17. However, their quarterly sales of $204.80 million significantly exceeded the $16.13 million estimate, marking a substantial year-over-year growth.

Portfolio Pulse from Happy Mohamed

February 14, 2024 | 5:46 pm

TYGO

Tigo Energy's shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:41 pm

NMTC

NeuroOne Medical Technologies shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:38 pm

QDEL

QuidelOrtho Corp (NASDAQ:QDEL) reported Q4 2023 earnings with an adjusted EPS of $1.17, missing the consensus of $2.05, and sales of $742.60 million, below the estimate of $796.91 million. The decline was attributed to reduced COVID-19 revenue. Non-respiratory revenue grew by 9%, but respiratory revenue fell by 49%. The company forecasts FY 2024 revenues between $2.76 billion and $3.07 billion, with adjusted EPS of $2.40-$3.07, both below consensus. William Blair downgraded QuidelOrtho to Market Perform due to these results and outlook.

Portfolio Pulse from Vandana Singh

February 14, 2024 | 5:33 pm

MITQ

Moving iMage Technologies (MITQ) shares dropped following a report of decreased Q2 revenue year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:33 pm

BREA

CNVS

FLNT

MITQ

The article reports on the intraday movement of 12 Communication Services stocks, highlighting significant gainers and losers. Notable gainers include Brera Holdings (BREA) with a 72.4% increase, and Cineverse (CNVS) with a 43.23% increase following their Q3 earnings report. Treasure Global (TGL) and VS Media Holdings (VSME) also saw substantial gains. Among the losers, Fluent (FLNT) and Moving iMage Technologies (MITQ) experienced significant declines, with MITQ's drop attributed to its Q2 earnings report.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 5:31 pm